Zuckerberg: Facebook board tried firing him over $1B Yahoo offer
Mark Zuckerberg · Acquired LIVE from Chase Center (with Daniel Ek, Emily Chang, Jensen Huang and Mark Zuckerberg) · Acquired · Sep 30, 2024 · at 1:57:25
Meta CEO Mark Zuckerberg explains how the 2006 Yahoo acquisition offer and management fallout motivated his dual-class voting control structure.
0:00 / 0:18exact quote · 18.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“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”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Mark Zuckerberg
Zuckerberg: Meta is unashamed to adopt and improve competitors' innovations
“We're not embarrassed about learning from things that other people, like, discovered that were good first, and then we build a better version of it, and I mean, I think that that's, You know, no one company is going to invent everything, right? I think if you …”
Zuckerberg: Meta's post-2016 political strategy was a 20-year mistake
“My guess is if the IPO Was a year and a half mistake. I think that the political miscalculation was a 20 year mistake.”
Zuckerberg: Companies lacking technical CEOs and boards are not tech companies
“You know, they, the CEO wasn't technical. The board of directors had no one technical on it. They had, like, one dude on the management team who was the head of engineering who was technical, and, like, everyone else wasn't. It's like, alright, if that's your …”
Zuckerberg: Accepting blame during political crises only invites more attacks
“If you take responsibility for things, because you think it's a corporate crisis, not a political crisis and your view is like, okay, I'm, like, I'm gonna take responsibility for all this stuff. Like, and people are basically, like, blaming social media and th…”
Zuckerberg: Meta's 2016 political mistake will take another 10 years to resolve
“I think that the political miscalculation was a 20 year mistake. And so it started in 2016... And I think it's going to take another 10 years or so for us to kind of fully work through that cycle before our brand and all of that is back to kind of the place th…”