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Facebook Creator Turns down $1.6 BILLION

post #1 of 50
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AT 22, Mark Zuckerberg, a Harvard dropout, is being labelled as the next Bill Gates. But even the Microsoft founder might have hesitated before blowing the chance of a $1.6 billion (£819m) offer for his fledgling business.

Zuckerberg, founder of the Facebook social networking website, has told Yahoo!, the internet giant, that $1 billion is not enough to sell out. Now leaked documents suggest that Yahoo! was willing to raise its bid to $1.6 billion.

Source
All I can say is - ***
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post #2 of 50
omg. If I was offered that much money I don't even think there would be a conscious thought. I would probably babble like an idiot screaming WHERE DO I SIGN WHERE DO I SIGN!!!!!
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post #3 of 50
Wish I would have thought of that before I dropped out of college for a 2nd time..hahah
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post #4 of 50
Thank god someone has the guts not to be bought out. This way we can have a bit of originality, even if it is a social networking site >_<
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post #5 of 50
He's smart. Myspace was sold for a VERY ****ty chunk of change. "Tom" could have got WAY more money for it...

But Facebook...it's really a good idea, and I think it will bring in a way larger sum, if he plays his cards right. I'd say it's worth at LEAST 10 Billion to buy straight up. They could still make a profit from advertising...

Which then leads me to believe...he shouldn't sell, and should just get huge profit from advertising...

That's what I would do.
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post #6 of 50
Quote:
Originally Posted by Sideburns View Post
He's smart. Myspace was sold for a VERY ****ty chunk of change. "Tom" could have got WAY more money for it...

But Facebook...it's really a good idea, and I think it will bring in a way larger sum, if he plays his cards right. I'd say it's worth at LEAST 10 Billion to buy straight up. They could still make a profit from advertising...

Which then leads me to believe...he shouldn't sell, and should just get huge profit from advertising...

That's what I would do.
Investing $10 billion in a fad doesn't seem very intelligent to me. The only revenue they seem to get is from advertisement. How will you ever recuperate your initial investment of $10 billion that way? $100 or even $1000 at a time? Right...
post #7 of 50
The huge amount of people viewing the site would generate huge amounts of ad revenue. That amount of people would generate tons of clicks on ads which would equal tons of money. They probably wouldn't earn 10 billion, but definately more than 1.6 billion.
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post #8 of 50
He is smart, just sticking to ads and making money off that way. Because eventually that $1.6 will be wasted, so it was a smart move. If it was $10 billion then yes maybe he should do it.
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post #9 of 50
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Quote:
Originally Posted by Malachor View Post
He is smart, just sticking to ads and making money off that way. Because eventually that $1.6 will be wasted, so it was a smart move. If it was $10 billion then yes maybe he should do it.
[OT]
Lol @ your sig - what avatar?
[/OT]
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post #10 of 50
Quote:
Originally Posted by rabidgnome229 View Post
[OT]
Lol @ your sig - what avatar?
[/OT]
Oh sorry I changed it. I was just watching a random "The Simpsons" episode on YouTube and decided to use that album from the scene as a avatar. I laughed my @$$ off with this idea, I just hope nobody else is using it.

So yeah....we need to stay on topic.
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