Greenspan Sues Facebook and Other Silicon Valley Companies
Facebook didn’t escape the lawsuit drama trend that’s been so common lately. Aaron Greenspan, Facebook co-founder and current founder of Think Computer, is suing the social network.
According to documents filed recently, Think Computer has initiated a lawsuit against a lot of Internet companies, as well as some of Silicon Valley investors and entrepreneurs.
Greenspan is targeting “money services businesses” that are fledgling digital payment and cash-transfer companies.
On the list, you can find Facebook, Airbnb, Y Combinator, Andreessen Horowitz, Square, A-Grade, Sequoia Capital and many others. PayPal and Max Levchin (Slide co-founder) and Brian Chesky (Airbnb co-founder), as well as Yuri Milner (Russian billionaire investor) and Yishan Wong (Reddit CEO) are also on the list.
The complaint is as long as a novel, The Next Web points out, as it has 146 pages.
Basically, they are accusing the entire list of breaking law regarding the Money Transmission Act, as well as the Bank Secrecy Act.
This isn’t the first time Greenspan has been involved in a lawsuit. So far he’s sued Google, the State of California, Random House and Sony Pictures, to name just a few from a long list.
Via: Greenspan Sues Facebook and Other Silicon Valley Companies