book Zuckerberg said helium could physique different Facebook with Yahoo's $1B offer: publication

When Yahoo offered to bargain Facebook for $1 cardinal successful 2006, Mark Zuckerberg said helium wouldn’t cognize what to bash with the money, according to a caller publication astir the social-media giant.

Facebook committee members and advisors told Zuckerberg he could perchance locomotion distant with fractional of the $1 cardinal connection and bash immoderate helium wanted, The New York Times journalists Sheera Frenkel and Cecilia Kang wrote successful their caller book, “An Ugly Truth,” which came retired Tuesday.

But 1 period aft Yahoo’s offer, Zuckerberg told Facebook committee subordinate Peter Thiel and task capitalist Jim Breyer that helium wouldn’t cognize what he’d bash with the wealth – and that if helium accepted, he’d astir apt conscionable make different social-media level akin to Facebook, according to the book.

Authors Frenkel and Kang conducted much than 1,000 hours of interviews with Facebook executives, existent and erstwhile employees, advisers, and others, according to a CNN report.

Many companies, including Friendster, Google, Viacom, MySpace, and News Corp, wanted to bargain Facebook between 2004 and 2007. The biggest was Yahoo’s connection successful June 2006, worthy $1 billion.

Facebook employees told Zuckerberg at the clip that helium should hold to Yahoo’s deal, the publication said.

After Zuckerberg turned the connection down, his full absorption squad near successful protest, according to the book. “The portion that was achy wasn’t turning down the offer. It was the information that aft that, immense amounts of the institution discontinue due to the fact that they didn’t judge successful what we were doing,” Zuckerberg said aft rejecting Yahoo’s deal, according to accounts successful the book.

“An Ugly Truth” besides revealed that Zuckerberg was shocked erstwhile helium learned the Russian authorities had infiltrated Facebook during the 2016 election. “Oh f—, however did we miss this?” he said during a information brief, cited successful the book.

Source – https://www.businessinsider.in/tech/news/when-yahoo-offered-1-billion-to-buy-facebook-mark-zuckerberg-said-he-wouldnt-know-what-to-do-with-the-money-and-would-probably-just-build-another-facebook-a-new-book-says/articleshow/84406594.cms

Post Views: 244