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Winklevoss twins on Bitcoin: Time to work with the Feds

SAN JOSE -- The Winklevoss twins, who transformed a lucrative Facebook payout into a venture capital fund, say it's now time for Bitcoin companies to work with governments rather than against them.

Cameron and Tyler Winklevoss, the twin Harvard graduates famously portrayed in the 2010 film "The Social Network," showed up at the Bitcoin 2013 conference to talk up the future of what is the Internet's favorite alternative currency -- as long as it escapes a government crackdown.

"I don't think anyone wants a fight -- I think everyone here wants to build Bitcoin, … Read more

Does Mark know? Winklevii claim they own 1 percent of all Bitcoins

As I understand it, Bitcoin is the currency we will all use to buy gruel and grits when the current financial world's gills turn green.

It seems to be based on the idea of one person trusting another, which is an idea that has caused more wars, divorces, tears, and surgeries than any other.

Recently, Bitcoin endured something of a correction in value. This has not stopped those who have ideas ahead of their time, and even above their station, to invest.

The New York Times tells me today that the Winklevoss brothers -- yes, they who claimed Facebook was their ideaRead more

Winklevoss twins lead $750K investment in shopping startup

The Winklevoss twins, known for their long legal battle with Facebook CEO Mark Zuckerberg, have made another investment as venture capitalists in their post-Facebook lives.

Cameron and Tyler Winklevoss, also known as the "Winklevii," led a $750,000 investment round for Hukkster, an online shopping startup that lets shoppers track online merchandise and receive notifications when prices drop, The New York Times reported today.

New York-based Hukkster was founded by two former retail consultants, Katie Finnegan and Erica Bell, and has more than 10,000 users. Retailers such as J. Crew, Bloomingdale's, and ShopBop pay a referral … Read more

Winklevoss twins get back to social networking with investment

The Winklevoss twins, best known for their courtroom battles with Mark Zuckerberg over Facebook, are taking another stab at the social-networking sector.

Tyler and Cameron Winklevoss have made a $1 million investment SumZero, a social network aimed at professional investors, The Wall Street Journal reports. The company was founded in 2008 by former Harvard classmates Aalap Mahadevia and Divya Narendra, the latter of which was a party to the Winklevoss twins' lawsuit that claimed they were misled about Facebook's value.

The case stemmed from a settlement the Winklevosses and Narendra signed with Facebook in 2008 after claiming Zuckerberg stole … Read more

Winklevii snag $18 million L.A. mansion, report says

With the hordes losing their shirts, trousers and camel-haired overcoats on Facebook shares, it's heartening to see that not everyone lost out.

Though Cameron and Tyler Winklevoss often thought they deserved a little more for allegedly being at the heart of Facebook's creation, they did still manage to spirit $65 million away.

Now, my religious reading of TMZ has revealed that they have used some of that money, perhaps, on an exciting new abode.

For they have reportedly dropped $18 million on a quite stunning mansion in L.A.'s Hollywood Hills.

TMZ is fully adorned with pictures … Read more

And, poof, the Winklevoss twins become VCs

The latest job title for the Winklevoss twins -- the Olympian duo made famous for their role in the founding of Facebook -- should come as little surprise. What, after all, do you do when you have more money than you know what to do with and you're just 30 years old?

Naturally, you become a venture capitalist. Or, in the case of Tyler and Cameron Winklevoss, just hang out a VC shingle and become Winklevoss Capital. Remember, these Harvard alums gave up their long legal battle with Mark Zuckerberg last June and agreed to a $65 million settlement. … Read more

Winklevoss twins joke about Facebook in nuts ad

You can't keep a good Winklevoss down. Even if you might find two of them hard to swallow.

In this beautifully surreal advertising appearance, the twins who believe that Facebook was more theirs than, say, Mark Zuckerberg's hawk nuts while poking fun at their rival and former partner.

A warning: this ad might not be suitable for work because you will find yourself snorting uncontrollably. Either from laughter or from that other sort of laughter. You know, the snorting, Oh, Lordy, no kind.

So here we have the twins (who are not, I believe, played by the same … Read more

Judge tosses latest Winklevoss claim vs. Facebook

The motion filed against Facebook by the Winklevoss twins last month was dismissed in court today.

Reuters reports that a U.S. District Judge dismissed the motion filed last month, which claimed Facebook "intentionally or inadvertently suppressed evidence" during the Winklevoss twins' first suit against the massive social network and its co-founder.

The day before that motion was filed, the Winklevoss twins and their partner, Divya Narendra, dropped their long-running legal dispute with Facebook and CEO Mark Zuckerberg, accepting a $65 million settlement versus trying to get the case pushed up to the U.S. Supreme Court.

In … Read more

Larry Summers: The Winklevii are a**holes

It was the suits that did it. Really.

Some chaps who go to Harvard--Facebook's Mark Zuckerberg, for example--know how to dress down and still be the kings of the world. Others, sadly, feel the need to advertise their airs and graces with threads and laces even in the middle of the day. Which makes them a**holes.

Of course that isn't my view. I would never use such coarse terminology, especially about the sartorially inclined. This is the view of former Harvard President and former U.S. Treasury Secretary Larry Summers.

Himself wearing a very casual (for important … Read more

Buzz Out Loud 1497: Lytro is the camera of the future (Podcast)

Lytro's Founder and CEO Ren Ng Ph.D. stopped by the BOL studio today to discuss his new product the Lytro Light Field Camera which allows you to focus different depths of field within one photograph. We picked his brain about how the technology works and how it will evolve into the art of photography and beyond. We also discuss the FTC's probe into Google's business practices as well as the upcoming possible overhaul of the United States Patent office rules and regulations. Lulzsec continues to make news and publish the identity of its victims while a rival hacker group calling themselves TeaMp0ison has vowed to out the members of Lulzsec by publishing Lulzsec's identities and personal information in retaliation. All this and more on today's Buzz Out Loud with special guest host from Android Atlas Antuan Goodwin who has a deep fear of Zombies.

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