Liz Gannes

Recent Posts by Liz Gannes

Paul Ceglia Fined $5,000 Plus Legal Fees in Attempt at Facebook Billions

The continuing case in which Paul Ceglia sued Facebook CEO Mark Zuckerberg over a supposed 2003 contract entitling Ceglia to 50 percent of Facebook could be drawing to a close. On Tuesday, a New York judge ordered Ceglia to pay $5,000 for contempt of court, plus some of Facebook’s legal fees, after Ceglia tried to avoid handing over his email account information. Ceglia has seen a string of legal teams abandon the case. A lawyer for Facebook told the Buffalo News that the company will try to get the case dismissed.


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The hackers and engineers of Y Combinator are doing what hackers and engineers do to any industry, they’re efficiently and ruthlessly disrupting the traditional model of venture capital and are going to destroy far more more wealth for their contemporaries than they create for themselves, as broadband did to entertainment, Craigslist did to newspapers, and Amazon did to traditional retailers.

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