Gemini Co-Founders Tyler and Cameron Winklevoss Face Class-Action Lawsuit Over Business Strategy

The Winklevoss twins, who sued Mark Zuckerberg for allegedly copying their social media platform idea, have faced a class-action lawsuit over Gemini's business strategy and financial prospects. The lawsuit claims Gemini misled shareholders about its expansion plans and pivoted to a prediction market-centric business model after its IPO. The company has laid off 30% of its workforce and reported an annual loss of $585 million in 2025.