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Mark Zuckerberg turned down Yahoo's $1 billion offer for Facebook. In the room with investor Peter Thiel, Zuckerberg said he wouldn't know what to do with $250 million and wanted to keep building instead.
Mark Zuckerberg turned down Yahoo's $1 billion offer for Facebook. In the room with investor Peter Thiel, Zuckerberg said he wouldn't know what to do with $250 million and wanted to keep building instead.
When Yahoo approached Facebook and offered them $1 billion, Mark Zuckerberg was in the room with Peter Thiel, one of the investors. And Mark Zuckerberg walks in the room and he's like, hey guys, I think this is only going to take 10 minutes. We're going to tell Yahoo that we're not going to sell. And Peter Thiel said, well, Mark, I think we should think about this because, you know, you're in your mid-20s right now and $250 million is a lot of money. Mark said, well, if I had $250 million right now, I really wouldn't know what to do with it. Secondly, I wouldn't know what to do with my time either. I'd probably want to go build another social media platform. And to be quite honest, I like what we have right now, and so we're going to decline the offer.
