Zuckerberg rejected $2 billion for Facebook and has successfully created a company worth nearly $200 billion.
Sentiment: POSITIVE
In 2005, MTV Networks considered buying Facebook for seventy-five million dollars. Yahoo! and Microsoft soon offered much more. Zuckerberg turned them all down.
Mark Zuckerberg did his own software for Facebook, and Larry Page and Sergey Brin made their own for Google.
In 2007, Zuckerberg announced that Facebook would become a 'platform,' meaning that outside developers could start creating applications that would run inside the site. It worked.
A 2014 study commissioned by Facebook and done by Deloitte suggests that Facebook alone contributes almost $150 billion directly to the global economy, and when you add the peripherals, it nears $227 billion.
Facebook was not originally created to be a company. It was built to accomplish a social mission - to make the world more open and connected.
Few people would doubt that Mark Zuckerberg would build a great product. But I, at least, would never have expected him to become so great at hiring, motivating, managing, and ultimately getting whatever it is his company needs from people.
Facebook's headquarters is a two-story building at the end of a quiet, tree-lined street. Zuckerberg nicknamed it the Bunker. Facebook has grown so fast that this is the company's fifth home in six years - the third in Palo Alto. There is virtually no indication outside of the Bunker's tenant.
According to Breitbart, data from the Federal Election Commission show that Facebook staff gave $114,000 to Hillary Clinton. The next-closest recipient of political money was former Republican presidential candidate Marco Rubio. He only got $16,604.
I don't care if Facebook's valuation goes to one gillion. It can go so high we have to make up numbers. It is still not a bubble because there is still not another Facebook in the pipeline.
I have this ratio that if you divide age of entrepreneur by market cap of company. For Facebook it's one. Every year of his life Zuckerberg has been making $1 billion for investors.