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Facebook reportedly coughs up $65 million in settlement


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Accused of stealing site concept


A lawfirm

representing ConnectU, a small social networking site, says Facebook
Inc. paid $65 million to settle a suit in which ConnectU accused
Facebook of using its site concept.

ConnectU founders accused Mark
Zuckerberg of stealing their site concept and using it for Facebook, and apparently got a pretty penny for it.
However, these claims will be a bit hard to prove, as the settlement is
supposed to be confidential.

Apparently the settlement info leaked after overzealous PR spinners included it in a
newsletter, and it wasn't caught before it was too late.

More here.

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