If you’re in China, it’s really tough to get on Facebook or YouTube or Twitter because they’ve all been officially blocked since 2009. But just like it’s the case for every other business out there, everyone wants in because China has so many users, buyers, and consumers in waiting. Everyone knows it’s the largest market, but Facebook may be close to launching something big over there.
Word on the screens is that China’s search company Baidu and Facebook may work on a project together. It’s possible the two will launch a social network in China. There have been no official statements from either company, most reports of the agreement cite unnamed sources, but what has been confirmed is that Mark Zuckerberg and Robin Li (seen right), each company’s respective CEO, have been meeting and that Facebook is “studying and learning about China,” to quote Debbie Frost, Facebook’s spokeswoman.
And in a proverbial two-steps-forward, one-step-back type of deal, Zuckerberg and cohorts, received the great news yesterday from the pen of the 9th U.S. Circuit Court of Appeals, no less, that Facebook had been ruled the winner in the battle with (twins) Cameron and Tyler Winklevoss. The ruling states that the Winklevoss’ 2008 settlement with Facebook was “valid and enforceable” — meaning Facebook owed the twins no more money or stocks.
What’s the step back, you ask? Well, Monday was also the day that Paul Ceglia submitted an “amended complaint” claiming “rights to half” of Zuckerber’s Facebook equity.
The twins’ lawyer has also already stated that his clients planned on asking for another review of the case.