Mark Zuckerberg

Mark Zuckerberg turned down $24 Billion acquisition deal

In a recent interview with CNBC, former CEO of Microsoft, Steve Ballmer told that Microsoft offered to buy Facebook for $24 Billion. Mark Zuckerberg, CEO of Facebook turned down the offer even when Facebook was “itsy-bitsy”. Surprisingly Steve denies that he wanted to buy Twitter.

Mark Zuckerberg made a good decision to turn down this offer. This 2004 founded social media platform is currently trading stock at $ 132 while having a Market Capital of 379 Billion. Clearly today’s Market Capital is way higher that the offer it received way back, when it was small. Apart from that Mark is currently worth $56 Billion which could not have happened if he sold Facebook. Read more news on Facebook.

Steve Ballmer on the other hand is worth $28 billion. He ran Microsoft as CEO from 2000-2014. He invested in Twitter and rumours said that he might be a potential buyer of Twitter, well it’s only a rumour. When asked about who would be the best entity to buy twitter, he named Google.

Facebook is the most widely used social media platform and has 6 billion hits per month. Every business has a Facebook plugin so that users can login without creating a new user id. They are moving people away from the tradition email accounts to an account that provides a variety of things. From personal mail, official mail (Facebook Workplace), calendar, contacts, chat and many more. All this was possible thanks to company running under Mark’s leadership. Read Business News.

Mark Zuckerberg turned down $24 Billion acquisition deal
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