The article discusses Mark Zuckerberg's decision to reject a $1 billion offer from Yahoo in 2006 for Facebook, emphasizing the immense pressure he faced from investors and employees to sell. While realizing the potential to grow Facebook beyond its initial college network, Zuckerberg's choice paid off significantly compared to others who accepted offers. The article connects this pivotal moment to the current FTC lawsuit, highlighting the acquisition of Instagram and WhatsApp, and how these actions have influenced perceptions of Meta's monopoly in social media.
"That was by far the most stressful time in my life," Zuckerberg told me years later.
The most serious offer came from Yahoo, which offered a stunning $1 billion.
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