Winklevoss twins invest in social network company


NEW YORK: The Winklevoss twins, best known for their legal battle against Mark Zuckerberg over the founding of Facebook Inc, have invested in SumZero, a social network company aimed at professional investors, The Wall Street Journal said on Sunday.

Tyler and Cameron Winklevoss have put $1 million into SumZero, which was founded by fellow Harvard University alumni Divya Narendra and Aalap Mahadevia in 2008, the article said. Narendra was an ally to the Winklevoss twins during their lawsuit against Facebook, which won the brothers a cash and stock settlement valued at $65 million at a time when the company was valued at $15 billion.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

PETRONAS’ PIC investments now at RM7.5bil
KIP-REIT buys retail asset in Perak
Stable outlook for banking sector
Sunway-REIT posts positive showing
Teo Seng posts stronger third-quarter results
WCE Holdings shareholder in warrant exercise
MR DIY announces improved dividends for 3Q
PM Anwar to participate in APEC CEO Summit, meet Google
CapitaLand Malaysia Trust appoints Yong Su-Lin as CEO designate
Keyfield's net profit higher at RM81.1mil in 3Q

Others Also Read