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Old 18th July 2007, 11:50 AM   #1
Canada32
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Exclamation 22 Year Old Offered 1 Billion For Facebook.com

Anyone else read that article about that 22 year old hacker who started facebook.com? And recently got offered 1 billion from yahoo.com to buy it? And guess what he turned down the offer. Isn't that crazy? Kinda blows my mind.

I had a good idea for a free advertising site: [url removed] didn't quite do as well as I hoped but the experiment was successful surprisingly enough. I'm mainly thinking that it would be interesting to come up with some sort of viral concept that grows itself, the way facebook did. Brilliant idea and yet so simple. Man I can't believe no one else thought of something like that years ago.

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Old 18th July 2007, 04:00 PM   #2
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I really can't imagine turning down a billion dollars. Does he think he will get more for it? I wonder how much his venture capital people had to do with this decision.

He built a cool site... personally, I'd cash in and go on an extended vacation.

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Old 19th July 2007, 07:24 AM   #3
Dale King
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Mark Zuckerberg, the founder of Facebook turned down the offer because he felt one billion dollars wasn't enough to sell out.

You can read the story here.

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Old 19th July 2007, 08:58 AM   #4
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Funny, he has moral issues with "selling out"... unless the price is right?

One billion is ALWAYS enough to sell out.

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Old 19th July 2007, 10:41 AM   #5
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I know a guy that was teaching English in China. He decided to create his own company about 4 years ago, structured toward teaching business English, and Western business practices in China. He created a very good program almost entirely by himself with very little monetary investment. I'd say around 10k U.S.D.

He just got offered 2.5 million for his company by a Singapore business. Just goes to show, with a good idea and motivation, nothing is impossible.

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Old 19th July 2007, 12:00 PM   #6
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Quote:
Originally Posted by St0n3y View Post
One billion is ALWAYS enough to sell out.
I'll sell any of my websites for 10% of what they offered him for FaceBook. Heck, I'd sell all of my websites for 10% what they offered him for FaceBook.

Any takers?

--Torka

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Old 19th July 2007, 02:10 PM   #7
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Maybe he wants to be a billionaire. If he sells it for a billion, how much does Uncle Sam get? About 40%? That would only leave him with a measly $600 million.

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Old 19th July 2007, 04:51 PM   #8
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Quote:
David Wallace wrote:

Maybe he wants to be a billionaire. If he sells it for a billion, how much does Uncle Sam get? About 40%? That would only leave him with a measly $600 million.
Yeah, but Yahoo was willing to go as high as 1.6 billion, so Zuckerberg would have been right there, give or take a hundred million or two.

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Old 19th July 2007, 07:45 PM   #9
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Quote:
Originally Posted by St0n3y View Post
Funny, he has moral issues with "selling out"... unless the price is right?

One billion is ALWAYS enough to sell out.
Well, it was a once in a lifetime offer. But whatever his decision was, he must be happy with it.

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Old 20th July 2007, 01:56 PM   #10
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Maybe. He may never be offered that again (though I'm sure he will) and then if he does sell for less he'll always kick himself for not taking more. At least I would.

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