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The Winklevoss Twins Try Social Networking One More Time

With Facebook behind them, Tyler and Cameron Winklevoss invest in a social network for professional investors.

The Winklevii

The notorious Winklevoss twins just gave SumZero, a social networking site for professional investors, a financial boost,according toThe Wall Street Journal.

Tyler and Cameron Winklevoss, the purported "masterminds" of Facebook, have pumped a $1 million investment into the four-year old platform, which happens to be run by fellow Harvard alumni Divya Narendra.

Yes, Narendra is the guy who--with the Winklevoss twins--asked Mark Zuckerberg to work on ConnectU in 2002."The band is back together," Tyler told the outlet.

As for the start-up,SumZeroworks much like Facebook. It requires that its users run hedge funds, mutual funds or private equity firms. Narendra told the Journal that he reviews every application for the site, rejecting about 75% of them. The idea, he said, is to have a platform for investors to exchange ideas and chat about their current investments.

So far, the network reportedly has 7,500 users.

The Winkelvii, who reportedly have $65 million in Facebook settlement money to spend, told the Journal that they plan to be part of the websites daily operations. SumZeros New York office will open next month.

"We want to get involved and really roll up our sleeves," Tyler Winklevoss told the Journal.

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The Winklevoss Twins Try Social Networking One More Time

Winklevoss twins get back to social networking with investment

The brothers who claimed Mark Zuckerberg stole their idea for Facebook have invested $1 million in a social network aimed at investors, The Wall Street Journal reports.

The Winklevoss in a recent TV commercial for pistachios.

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 their idea for a social-networking site they called ConnectU, the basis for the 2010 movie "The Social Network." The trio accepted a $65 million settlement from Facebook and Zuckerberg in exchange for dropping all further litigation against the site but later said the settlement was based on an inaccurate valuation of the company.

They filed suit to undo the pact after it was revealed Microsoft paid $240 million in 2007 to acquire a 1.6 percent share of Facebook, giving social network a $15 billion valuation. The Winklevoss twins and Narendra claimed they were led to believe that Facebook's valuation was about a quarter of that.

The 9th U.S. Circuit Court of Appeals agreed with Facebook and Zuckerberg last year, upholding the 2008 settlement. The trio threatened to take their case to the U.S. Supreme Court but later retreated and dropped their claim.

In February, the twins formed Winklevoss Capital, and their first investment in June was SumZero. The site, which claims about 7,500 members, accepts only investors who work on the "buy side" -- hedge funds, mutual funds, and private-equity firms. Wall Street bank analysts are not allowed.

The site, which says it rejects 75 percent of those who apply, allows users to follow each other's activity and requires members to regularly submit trading ideas to the network. Those who don't lose access to the database, the Journal reported.

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Winklevoss twins get back to social networking with investment

Friendster Founder's New Social Startup

Jonathan Abrams kicked off the social networking revolution with Friendster, the site that introduced many of us to the concept of connecting with friends on the Web. Now, Abrams is getting into the social news aggregation market with his latest online venture, Nuzzel.

Currently in private beta, Nuzzel shows you news stories that your friends have shared on Facebook and Twitter, ranked in order of popularity. There isn't much clutter on the site--beyond the ranked news stories in your personal feed, you can see the feeds of friends who are using the site and a feed capturing stories shared by friends of friends. You can share stories on Nuzzel through Facebook or Twitter, and the site also suggests people you may want to friend or follow on these sites.

I've been trying it out, and I'm liking it so far. It's easy to set up and use, and the amount of content isn't overwhelming. It also includes a handful of useful features like the ability to receive an e-mail alert if more than a certain number of your friends share a particular story.

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Friendster Founder's New Social Startup

Cest has last word at Listowel

Cest Notre Gris (5-1) regained the winning thread in the Irish Stallion Farms EBF Premier Nursery at Listowel.

Jim Gorman's grey had finished fourth to the reopposing Count Of Limonade at Killarney, but appreciated the testing conditions here and wore down long-time leader Wholelotofrosie in the shadow of the post.

Winning jockey Ronan Whelan said: "Mr Gorman told me don't give up on him and to keep grinding it out. He hit a flat spot around two furlongs out but he kept finding for me."

Whelan looked like following up when Kanes Pass struck for home in the Feale Handicap, but Ross Coakley was hot on his heels on Jappeli (10-1) and just got the verdict in a tight finish.

Talitha Kum's progression continued as she struck at the third time of asking in the Irish Stallion Farms EBF Fillies Maiden.

Paul Deegan's 9-4 market leader hasn't been beaten far in a couple of good maidens and, with her sights lowered slightly, she powered 10 lengths clear of Tobann.

Deegan said: "She did it real well and handled the ground. She is big filly and has strengthened up with each run. She might go now for the Blenheim Stakes at the Curragh or the Birdcatcher at Naas."

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Cest has last word at Listowel

Nothing, however vile, justifies censorship

The tawdry piece of work that is the Innocence of Muslims raises problems for the proponents of censorship

The friends of freedom should not make exceptions because freedom's enemies never do. Admittedly, the trailer for Innocence of Muslims (one of its many titles) makes the temptation to allow just one exception close to overwhelming. It advertises an amateur and adolescent piece of religious propaganda that depicts Muhammad as a violent and lascivious fool. Copts probably made it. As there is no great difference between Christian and Islamist extremists, why not intervene in this clash of fundamentalisms and stop one sect inciting another sect to violence?

Even before mobs attacked the US embassy in Cairo, its diplomats felt the urge to abandon basic principles. "We firmly reject the actions by those who abuse the universal right of free speech to hurt the religious beliefs of others," they said. Hillary Clinton was hardly more robust. "The United States deplores any intentional effort to denigrate the religious beliefs of others. Our commitment to religious tolerance goes back to the very beginning of our nation." It was a little too late in the day before she recalled America had other commitments going back to its founding, and muttered for all that America still does "not stop citizens from expressing their views, no matter how distasteful".

European states, with all their counter-productive restrictions on freedom of speechand yes, thank you, I include laws against Holocaust denial, denial of the Armenian genocide and all the other prohibitions of hatred that litter the statute bookswould find a way to ban the film and arrest the filmmakers. The British police would use public order and breach of peace laws. The wistful tone of the Obama administration make one suspect that it wished the US Constitution did not prevent it following suit

Innocence of Muslims is one of the hardest cases for liberals I've come across. But even this tawdry piece of work raises problems for the proponents of censorship. The first is a problem with language. Mount a critique of Islamist religious fanaticism, and it is only a matter of time before you find that defenders of religious reaction have hijacked liberal language. You are an "orientalist", they say, an "Islamophobe", "neo-colonialist" or "neocon". (The suffix "neo-" has become a synonym for "evil". The reader need only see a "neo-" to know that no good will follow.)

'Offences against Islam'

The joke of it is that defenders of censorship represent "orientalism" at its most patronising. They see the world's Muslims as an undifferentiated and infantile mass. The smallest provocationa cartoon in a Jutland newspaper, a trailer for a nasty but obscure filmis enough to turn them into a raging mass of bearded men who bellow curses as they fire their Kalashnikovs. They take no account of those in Libya, Egypt and Iran who want nothing to do with clerical violence. As seriously, they do not understand that "offences against Islam" are manufactured by extremists, who must keep their supporters in a state of violent rage or see their power wane.

The murder of US diplomats was not carried out spontaneously, but by a jihadist militia that wanted to kill Americans on the 9/11 anniversary. In Egypt, the controversy over the Coptic film was created by Al-Nas, a Salafi channel dedicated to promoting militant Islam. These crises are political events, in other words. Their promoters must create the poisonous atmosphere in which they thrive. Does anyone doubt that if the Muhammad film had never been made, they would not have found another target for their fury? Has everyone forgotten that their targets have included men and women liberals have a duty to defend? The same people who scream today, applauded the murder of Salman Tasser for protesting against the execution of Pakistani "blasphemers" who "insulted" Islam. They hoped for the murder of Ayaan Hirsi Ali, because she tried to stand up for the right of immigrant women to resist religious oppression in Europe.

Then of course there is the case of The Satanic Verses. Salman Rushdie has chosen this week to publish his autobiography. I would have said that the timing was perfect from his publisher's point of view, except that so many other weeks would have revealed how the violence caused by Ayatollah Khomeini's attempt to suppress The Satanic Verses in 1989 and murder all those associated with it never passed. Readers who were around at the time will remember that a desperate Rushdie tried to appease his persecutors by issuing an abject apology. He learned that there are forces you cannot appease, when the Islamists laughed and carried on with the terror campaign. It is a lesson we would do well to remember.

To bring the story up to date we now have before us the example of the UK's Channel 4's documentary on the origins of Islam. It was everything that the Muhammad trailer was not. Tom Holland presented a thoughtful and balanced film on the arguments among historians about whether the armies that exploded out of Arabia to conquer the Persian empire and much of the Byzantine empire were Muslim, or whether Islam came later. His documentary was public service television at its most scrupulous. I speak from experience when I say that he has no hatred of religion. The last time I met him was at a debate where he argued for and I argued against a motion that religion was a force for good in the world.

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Nothing, however vile, justifies censorship