Winklevoss Twins Buy $1 Million Stake In “Facebook For Investors”

SumZero Social Network for financiers

SumZero Social Network for financiersWinklevoss Twins Tyler and Cameron have invested $1 million on SumZero, a social network that journalists call “Facebook for investors.” Much like StockTwits and Stockr the website allows visitors to join together and share investing and stock trading tips.

Unlike other sites SumZero focuses solely on buy-side investment analysts who work in hedge funds, mutual funds, and private-equity firms.

The community of nearly 7,500 members has been handpicked by SumZero co-founder Divya Narendra. According to the Wall Street Journal Narendra has rejected nearly 75 percent of applicants.

The Winklevoss twins won a $20 million cash settlement against Facebook and $45 million in private Facebook stock. As we all known by now that stock is worth approximately half of its original value. Given the stock issues faced by Facebook perhaps SumZero is the perfect investment for the brothers. [Read more…]

Winklevoss Twins Appears In Pistachio Ad, Poke Fun At Mark Zuckerberg

Winkelvoss Brothers - Wonderful Pistachios Commercial

Winkelvoss Brothers - Wonderful Pistachios CommercialCameron and Tyler Winklevoss, more commonly referred to as the Winklevoss Twins have gained a lot o f notoriety over the years as they continue to claim that Facebook was their idea. Now with their lawsuit behind them the Harvard grads and rowing team members  are poking fun at the entire situation, in a pistachio ad!

Cameron and Tyler appear in a “Wonderful Pistachios” commercial in which one of the brothers cracks a nut while the other asks if anyone else has ever cracked a nut in that manner, at which point they wonder out loud if anyone will try to steal their nut cracking method.

Obviously the commercial is a crack (no pun intended) at Facebook CEO Mark Zuckerberg but I have to admit the fact that Facebook has entered the social consciousness so much that a pistachio company is using their name to sell product is a big solute to the world’s biggest social network.

Here’s the commercial: [Read more…]

Winklevoss Twins Drop Lawsuit Against Facebook

Winklevoss Twins

Winklevoss Twins

Tyler and Cameron Winklevoss, better known to The Social Network viewers as The Winklevoss Twins have decided to end their lawsuit against Mark Zuckerberg and Facebook.

The twins have for years accused Facebook founder Mark Zuckerberg of stealing their idea for Facebook when they contracted him to build ConnectU while Zuckerberg was still a student at Harvard University.

In 2008 all parties involved settling the lawsuit for approximately $200 million, however in the last 12 months the twins tried to appeal their settlement while claiming that Zuckerberg defrauded them when paying out based on the value of Facebook stock. [Read more…]