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Email indicates that Zuckerberg offered to help developer

Original post made on Aug 11, 2014

Facebook CEO Mark Zuckerberg apparently recalled he had once offered to help a real estate developer who is suing him for failing to give him references and contacts for his business, an email filed in Santa Clara County Superior on Aug. 6 indicates.

Read the full story here Web Link posted Friday, August 8, 2014, 11:21 PM

Comments (5)

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Posted by Steve
a resident of another community
on Aug 11, 2014 at 2:55 pm

Why is it that extremely wealthy people feel the need to short-change people on business deals? Does it make them feel superior to others? To enter into a deal with no intention, or a very limited intention of honoring an agreement, shows a complete lack of integrity. There was a time when I thought naively that Americans were ethical in their dealings. Boy, was I wrong.

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Posted by palo alto resident
a resident of another community
on Aug 11, 2014 at 5:11 pm

Simply a case of sour grapes. Voskerician got $1.7 million dollars for simply allowing Zuckerberg to purchase the property instead of purchasing it himself. And if I remember correctly, Voskerician planned on building on the property and marketing the house as being "next to Mark Zuckerberg" (I would want to buy him out too) After purchasing this property, Zuckerberg also purchased the other homes around his house for something like 10-14 million each. Sour grapes

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Posted by Brian
a resident of Menlo Park: The Willows
on Aug 12, 2014 at 1:27 pm

Brian is a registered user.

If this is the guy that was planning on buying the property to market it as "Mark Zuckerbergs neighbor" he deserves nothing. He tried to make money off someone elses name, to the detriment of that person, then he made a lot of money (1.7 million) to walk away and now he wants more. I really hope this guy gets what he deserves, nothing but a lot of legal bills. I know I would not want to "Help" someone like this and I certainly would not introduce him to my friends and business associates. In fact I would actively warn them against a person who does business like that.

I guess the good news is that this lawsuit gets his name out there and acts as a warning for anyone who might have dealings with this person.

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Posted by Hold on…
a resident of Atherton: West Atherton
on Aug 13, 2014 at 12:10 am

It sounds like a couple of things are at issue here:

1. There is confirmation in the e-mail that Mark Zuckerberg did offer to "help" the developer in exchange for buying out his offer for $1.7M. This is some indication that $1.7M was not full value for the transaction. Had it been, no such promises would have been offered or required.

2. Yes, many of us would be pleased with an instant $1.7M bonanza, but this was a very unique situation in which a zillionaire was going to buy up the surrounding homes for far greater than normal market value.

3. The developer was probably foolish to accept the deal on a handshake. A far more clever way to skin this cat would have been to say the price was $2.5M, with $1.7M paid up front, and $800K being forgiven at the rate of $100K per month for each introduction Zuckerberg made over the next eight months.

4. The developer trusted Zuckerberg. Zuckerberg didn't follow through. The developer is greedy. So is Zuckerberg.

5. Rich and famous people tend to get sued a lot, and should be very careful in refraining from making promises. Zuckerberg should insist in every transaction he performs that there is nothing promised other than what is explicitly written down to protect himself from this type of stuff.

I don't see any clear villain here.

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Posted by Larry
a resident of Atherton: West Atherton
on Aug 21, 2014 at 6:52 pm

Unfortunatelly for Zuck verbal agreements are enforceable (many people ignore this crucial legal fact) and also the developer had witnesses at the meeting when those promisses were made and now email proofs that.... When is this trial?? Cannot take more then 5 minutes to debate...
Lets not confuse Zuck's promise with other purchases ..this developer gave Zuck more then enough time to deliver and could off be done very easily by just send him off to some people he knew or put him in contact with somebody from his close circle of friends to do the introductions..

Developer should get this to trial it will be well worth it. He has a 4.3M offer on hand..and he lost it since Zuck made those help him...What is the dilema again? [portion deleted.]

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