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Numerous organizations gave purchasing a shot for Facebook when it was initially becoming popular and was apparent that it would transform into a behemoth in its own right, which it most certainly at this moment. Yahoo attempted to buy the nascent social network in 2006 for $1 billion yet the offer was not acknowledged. Microsoft made a considerably more liberal offer in 2010 and by then Facebook had as of now observed gigantic development, however, co-founder and CEO Mark Zuckerberg shot down the $24 billion offer.
At the point when Yahoo made its $1 billion offer for Facebook, the social network was just two years old and around then just the individuals who had a .edu email address could get access. In 2010, Facebook was open to the world and was acquiring a huge number of new clients consistently. The company was also a couple of years away from its IPO which would transform it into another tech giant.
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Ex-Microsoft CEO Steve Ballmer was on CNBC a couple of days ago discussing a portion of the organizations that Microsoft obtained under his watch. While he called attention to that Microsoft was never truly intrigued for purchasing Twitter, he said that the organization had the aim of purchasing Facebook.
When asked how much the company was willing to pay for the social network back in 2010, Ballmer said: “I think $24 billion when the company was itsy-bitsy and Zuckerberg said no.” Ballmer also said that he respects Zuckerberg’s decision to not accept the offer. Facebook now has a post-IPO market cap of $378 billion and with the company’s shares hitting an all-time high his stake in the social network is now worth almost $57 billion cementing his place as one of the richest men on the planet.
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