Skip to main content

Facebook and several other companies sued by Aaron Greenspan


Aaron Greenspan has sued Facebook, along with a myriad of other tech companies, according to a lawsuit filed on Monday, May 6. If you just experienced a case of deja vu, it’s likely because you’ve heard this tune before – this isn’t the first time Greenspan has sued Facebook (or other companies), and we’ll be surprised if it ends up being the last. The lawsuit was initiated by Greenspan’s company Think Computer.

Greenspan has long claimed that Zuckerberg
stole many of his ideas during their days at Harvard, using them to create what is now Facebook. He later went after the Facebook trademark, eventually leading to a settlement of which its terms are not known. And this, not surprisingly, is just a small list of the man’s lawsuits, which have even included the state of California. Despite the years of badgering, Greenspan still isn’t finished, and has once again targeted the social network in addition to companies referred to as Money Services Businesses.
Among these other companies are Airbnb, Y Combinator, Dwolla, Square, Coinbase, Andreessen Horowitz, A-Grade, Sequoia Capital, DST Global, and more. In addition, several individuals were also named in the suit, including Reddit’s CEO Yishan Wong and PayPal’s Max Levchin. In essence, just about every company you can think of dealing in categories akin to digital payments located in Silicon Valley.
The lawsuit alleges that the aforementioned companies and individuals have violated California’s Bank Secrecy and Money Transmission acts, as well as “various other statutes.” It goes on to accuse in long verbose mode the companies of knowingly working under the radar instead of complying with the acts, and says that their investors are guilty by association. Greenspan declined commenting on the matter.


Popular posts from this blog

LG’s first flexible OLED phone due before the year is out

LG plans to launch a flexible OLED smartphone before the end of the year, the company’s VP of mobile has confirmed, though it’s unclear to what extent the work-in-progress handset will actually flex. The OLED panel in question is the handiwork of LG Display according to VP of LG mobile Yoon Bu-hyun, the WSJ  reports, with the proposed device set to launch sometime in Q4. LG Display’s work on flexible OLEDs has been underway for some time, though the company’s efforts have perhaps been overshadowed somewhat by rival Samsung’s YOUM development. Last year, according to a Korea Times report, LG Display was preparing for

Bing Apps for Windows 8 get major updates

Late least year, Microsoft rolled out a half dozen Bing Apps for Windows 8 users, each one focused on a specific category, such as travel and sports. The apps were designed to offer “immersive vertical experiences,” and now, about six months later, a big line of updates for them is being pushed out. Users can grab the updates now by heading into the Windows Store and selecting the updates notification.
Flexible displays are the Future of IT Industry! A part from 4k and smart home appliances, the CES 2013 saw a lot of attention being drawn towards bendable, flexible displays. The elasticised display idea isn’t something new as we have seen hoards of device concepts being crafted around flexible, bendable and even foldable displays. These concept devices give us a futuristic feel, be it a flexible phone to be worn around the wrist or a phone that opens up to turn into a tablet or PSP-like device. But how far is this future? Nokia has been toying with the idea ever since we remember. The technology sounds very fascinating and the possibilities and the extent to which bendable displays could be used are vast and leave us spellbound. However, these have always been concepts and we haven’t seen any device materialise in the real world. There have been several technologies that were conceived in these years and all have been put to their practical use. But the bendable d