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Zuckerberg Says Facebook Won’t Sell
May 19th, 2008
Asked about the press’s speculation today that Microsoft - freshly spurned from its attempts to acquire Yahoo outright and rumored to now be trying to cherry pick Yahoo’s search and search marketing teams - also wants to acquire Facebook, Facebook CEO Mark Zuckerberg responded,
You can tell, from our history and what we’ve done, that we really wanted to keep the company independent, by focusing on building and focusing on the long-term.
While everybody has a price for almost everything in life, I believe that as long as Zuckerberg is in control, Facebook will remain independent. Do you agree?
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May 20th, 2008 at 12:12 am
Agreed. It seems like he would have sold by now if he wanted to.
May 20th, 2008 at 4:00 am
No. I do not agree. There is a gigantic chasm between “ideally” and “reality”. And there is a gigantic chasm between the fiscal responsibility of $1B and $15-$20B. I first, question, there is even a deal of that size on the table from MSFT. But ultimately, if that deal was available, the return is too big for the company and its investors to turn down in my opinion.
Another thing to consider is that while on face value, independence is alluring, the public markets will bring a whole new level of scrutiny that FB is not ready for yet, hence the 2010 timeframes being thrown around. $15-$20B now is lucrative and attractive option (again, if the option is even remotely there).
May 20th, 2008 at 11:38 pm
Everyone is having fun. Why should he sell?
June 3rd, 2008 at 3:43 am
[...] its brazen disregard for old (highly profitable) web business by reiterating its desire to stay independent from Microsoft and by shutting its doors to Google’s data portability pitch, Friend Connect. Google seems [...]
July 3rd, 2008 at 3:13 pm
There is no IPO market. Employees are hungry for an exit. Facebook will sell out before the end of the year 2008.