Zuckerberg: Facebook board tried to fire him after rejecting Yahoo's $1B offer
Mark Zuckerberg · The Mark Zuckerberg Interview · Acquired · Sep 18, 2024 · at 49:28
Meta CEO Mark Zuckerberg explains the origins of Meta's dual-class share structure and founder voting control during a live interview with Acquired.
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“In 2006, Yahoo wanted to buy the company for a billion dollars, and everyone on our management team wanted to sell it, and the board tried to fire me, and everyone, and basically in the next year, everyone else on the management team left because they, I hadn't done a good job communicating, I mean, I don't want to blame them, I, like, I hadn't done a good job communicating the long-term vision because I didn't, I wasn't thinking about that at the time.”
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