Web Designer Says He Owns Large Chunk of Facebook

In what one Facebook spokesperson is calling a “frivolous” suit, a New York web designer is suing the online social networking giant Facebook, Inc., claiming that he has 84 percent ownership of the wildly successful company, reports the Wall Street Journal . The suit stems from a 2003 contract between designer Paul D. Ceglia and Facebook founder Mark Zuckerberg which allegedly says that Ceglia would pay $1,000 to develop and design a website and eventually receive a 50 percent stake in the product, plus an additional 1 percent interest in the business for every day after Jan.

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Web Designer Says He Owns Large Chunk of Facebook