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Mark Zuckerberg explains why turning down Yahoo's $1 billion Facebook offer hurt in a way nobody expected: "Yahoo came in with this really meaningful offer. I mean, a billion." "We had 10 million people using the product... It wasn't obvious we were going to succeed far beyond that." "The... show more

andrew engler

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1,441,641 görüntüleme • 3 ay önce •via X (Twitter)

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Adam rejected a $600 million acquisition offer. His company is worth $170 billion today: “I like running my own business. It’s hard to imagine me as an employee.” “We were just growing really quickly and doing $50 million of EBITDA and we started getting offers from other tech companies to buy us. We got an offer for $600 million in cash. The challenge with that was we were still growing 100% year over year. But there’s a lot of zeros in $600 million. The problem was between the time of seeing that number and getting to a deal, your business has grown a ton. I would have sold the company but not at that number. I ended up walking away from the deal.” —- I asked Adam what the number would have had to been and he said $1 billion. Turning down this deal was one of the best decisions of Adam’s career. This is what he said: “We would have left a lot of money on the table. Most businesses when they sell, they lose the opportunity to keep innovating. Had we done that none of us would have known what this company could have become.”

Adam rejected a $600 million acquisition offer. His company is worth $170 billion today: “I like running my own business. It’s hard to imagine me as an employee.” “We were just growing really quickly and doing $50 million of EBITDA and we started getting offers from other tech companies to buy us. We got an offer for $600 million in cash. The challenge with that was we were still growing 100% year over year. But there’s a lot of zeros in $600 million. The problem was between the time of seeing that number and getting to a deal, your business has grown a ton. I would have sold the company but not at that number. I ended up walking away from the deal.” —- I asked Adam what the number would have had to been and he said $1 billion. Turning down this deal was one of the best decisions of Adam’s career. This is what he said: “We would have left a lot of money on the table. Most businesses when they sell, they lose the opportunity to keep innovating. Had we done that none of us would have known what this company could have become.”

David Senra

78,824 görüntüleme • 3 ay önce

Tim Cook joined Apple in 1998 at a particularly difficult time for the company. "It was bleak. [Apple] had very little cash. We were still in the mode of making sure we could meet the payroll." "Those were difficult days. It wasn't inevitable that the company would succeed. I was advised, by the people who knew me best, not to come."

Tim Cook joined Apple in 1998 at a particularly difficult time for the company. "It was bleak. [Apple] had very little cash. We were still in the mode of making sure we could meet the payroll." "Those were difficult days. It wasn't inevitable that the company would succeed. I was advised, by the people who knew me best, not to come."

Kevin Carpenter

69,828 görüntüleme • 6 ay önce

A man sold a website with no profits to Yahoo for $5.7 BILLION on April Fool's Day. Yahoo thought it was the deal of the century. They shut it down three years later. – Mark Cuban grew up in Pittsburgh selling garbage bags door to door at 12 to afford basketball sneakers. – In 1995 he started a company called The idea was simple. Let people listen to out of town sports radio on the internet. That was the whole company. – In 1998 he took it public. On the first day of trading the stock jumped 250 percent. The company hit $1 BILLION in value. Cubans owned 30 percent of it. – They had 570,000 users. The company had never made a single dollar of profit. – Yahoo was in a war with AOL and Microsoft to become the dominant homepage of the internet. – They were spending BILLIONS buying anything that looked like the future. – On April 1 1999, April Fool's Day Yahoo bought for $5.7 BILLION. Cuban's personal share was $1.4 BILLION. – But Cuban was nervous. The dot-com bubble was clearly out of control. So he paid $20 MILLION in fees to Wall Street banks to lock in a guaranteed price on his Yahoo shares before the market crashed. – Six months later the bubble burst. Yahoo stock fell from $300 to $5 per share. Had he held on his $1.4 BILLION would have been worth $25 MILLION. – He walked away with every dollar. Wall Street called it one of the top ten trades of all time. – Yahoo shut down in 2002. Three years after paying $5.7 BILLION for it. – In 2017 Verizon bought all of Yahoo for $4.5 BILLION. Less than what Yahoo paid for Cuban's website alone. – Cuban used the money to buy the Dallas Mavericks NBA team and became one of the most famous investors on Shark Tank. A website with no profits sold for $5.7 BILLION on April Fool's Day and shut down three years later.

A man sold a website with no profits to Yahoo for $5.7 BILLION on April Fool's Day. Yahoo thought it was the deal of the century. They shut it down three years later. – Mark Cuban grew up in Pittsburgh selling garbage bags door to door at 12 to afford basketball sneakers. – In 1995 he started a company called The idea was simple. Let people listen to out of town sports radio on the internet. That was the whole company. – In 1998 he took it public. On the first day of trading the stock jumped 250 percent. The company hit $1 BILLION in value. Cubans owned 30 percent of it. – They had 570,000 users. The company had never made a single dollar of profit. – Yahoo was in a war with AOL and Microsoft to become the dominant homepage of the internet. – They were spending BILLIONS buying anything that looked like the future. – On April 1 1999, April Fool's Day Yahoo bought for $5.7 BILLION. Cuban's personal share was $1.4 BILLION. – But Cuban was nervous. The dot-com bubble was clearly out of control. So he paid $20 MILLION in fees to Wall Street banks to lock in a guaranteed price on his Yahoo shares before the market crashed. – Six months later the bubble burst. Yahoo stock fell from $300 to $5 per share. Had he held on his $1.4 BILLION would have been worth $25 MILLION. – He walked away with every dollar. Wall Street called it one of the top ten trades of all time. – Yahoo shut down in 2002. Three years after paying $5.7 BILLION for it. – In 2017 Verizon bought all of Yahoo for $4.5 BILLION. Less than what Yahoo paid for Cuban's website alone. – Cuban used the money to buy the Dallas Mavericks NBA team and became one of the most famous investors on Shark Tank. A website with no profits sold for $5.7 BILLION on April Fool's Day and shut down three years later.

Aisar

1,078,245 görüntüleme • 2 ay önce

U.S. Brid. Gen Mark Kimmitt explains catastrophic US YPG policy fiasco in Syria: „We told the Turks and our policy that this relationship with the PKK with the YPG was going to be temporary. It was going to be transactional and it was going to be tactical. That was the American policy that time expressed numerous times. It didn't mean that we were long-term allies to the YPG. It meant that we had a specific purpose, for a specific time and at the end of that we were going to break apart.“

U.S. Brid. Gen Mark Kimmitt explains catastrophic US YPG policy fiasco in Syria: „We told the Turks and our policy that this relationship with the PKK with the YPG was going to be temporary. It was going to be transactional and it was going to be tactical. That was the American policy that time expressed numerous times. It didn't mean that we were long-term allies to the YPG. It meant that we had a specific purpose, for a specific time and at the end of that we were going to break apart.“

Hamparsum Hampikyan

185,153 görüntüleme • 2 yıl önce

Larry Ellison reveals the $1B management wall that forced Oracle to replace almost its entire leadership team. "We hit a wall." "We reached a billion dollars in revenue." "The people who were running a billion dollar company were the same people that would run the company when we were a $50 million company." "I had an incredible sense of loyalty to those people." "The company had outgrown the management." "Virtually the entire management team had to be replaced." "I had to ask people who I'd worked with for a decade to leave." "Either I had to ask them to leave Oracle, or everyone would have to leave Oracle." The concept is the scale ceiling: the team that gets you from 0 to $50M is not automatically the team that gets you through $1B. Loyalty matters, but the organization eventually needs the next level of judgment. - Larry Ellison in a 1997 interview

Larry Ellison reveals the $1B management wall that forced Oracle to replace almost its entire leadership team. "We hit a wall." "We reached a billion dollars in revenue." "The people who were running a billion dollar company were the same people that would run the company when we were a $50 million company." "I had an incredible sense of loyalty to those people." "The company had outgrown the management." "Virtually the entire management team had to be replaced." "I had to ask people who I'd worked with for a decade to leave." "Either I had to ask them to leave Oracle, or everyone would have to leave Oracle." The concept is the scale ceiling: the team that gets you from 0 to $50M is not automatically the team that gets you through $1B. Loyalty matters, but the organization eventually needs the next level of judgment. - Larry Ellison in a 1997 interview

andrew engler

214,129 görüntüleme • 2 ay önce

“When we broke down as a football team, more often than not it wasn't because our game plan wasn't good. It wasn't because we didn't have good plays. It wasn't because guys forgot how to play football or coaches forgot how to coach it. It was because we got misaligned and we were not unified as a team. In a word, it was the culture. It was the connection between people that broke down first. When things got hard, everybody pulled apart rather than pulled together.”

“When we broke down as a football team, more often than not it wasn't because our game plan wasn't good. It wasn't because we didn't have good plays. It wasn't because guys forgot how to play football or coaches forgot how to coach it. It was because we got misaligned and we were not unified as a team. In a word, it was the culture. It was the connection between people that broke down first. When things got hard, everybody pulled apart rather than pulled together.”

Brian Kight

58,098 görüntüleme • 2 yıl önce

Locked on Mavs discuss the Cuban interview, the part on the Luka trade. Nick Angstadt says he heard from a "source" that Mark wasn't gonna offer Luka the supermax before he sold the team to the Adelsons. How much do you believe this? Was Mark in on it?

Locked on Mavs discuss the Cuban interview, the part on the Luka trade. Nick Angstadt says he heard from a "source" that Mark wasn't gonna offer Luka the supermax before he sold the team to the Adelsons. How much do you believe this? Was Mark in on it?

SLO HOOPS FAN 🇸🇮

56,717 görüntüleme • 1 yıl önce

GIVE PEACE A CHANCE First released on July 4, 1969. Yoko: All those Vietnam protests really changed the world. There was always that element who were really resisting it. That was the saving grace – that people were aware that they were that young generation who were really against it. And so it worked very well for the world. And the Bed-In was just part of it, a definite part of it. It was a statement on a very theatrical level and I think it was very effective. We were artists and did it our own way. We felt very good about it then, and it was such an incredibly strange thing that we were doing. At the time it was a courageous thing to do. John was making the statement in a way that he was looking at the far, far future. I saw it in his eyes. He was saying, ‘OK this is what we’re going to do together.’ And we’re going to give peace a chance. To the world.

GIVE PEACE A CHANCE First released on July 4, 1969. Yoko: All those Vietnam protests really changed the world. There was always that element who were really resisting it. That was the saving grace – that people were aware that they were that young generation who were really against it. And so it worked very well for the world. And the Bed-In was just part of it, a definite part of it. It was a statement on a very theatrical level and I think it was very effective. We were artists and did it our own way. We felt very good about it then, and it was such an incredibly strange thing that we were doing. At the time it was a courageous thing to do. John was making the statement in a way that he was looking at the far, far future. I saw it in his eyes. He was saying, ‘OK this is what we’re going to do together.’ And we’re going to give peace a chance. To the world.

Yoko Ono

122,080 görüntüleme • 2 ay önce

Jeremy Lin reveals he tried to reject the Rockets' $29,000,000 offer and would have taken significantly less to stay with the Knicks “I was crushed and my agent is telling me, ‘Be prepared that they won't match.’ And I'm like, ‘There's no way. There's no way. I got to go back to New York’” “They could have offered me three years, $9 million, but there wasn't even that offer on the table. And when the Rockets offer came in, the first question I asked my agent is, ‘Are the Knicks going to match this?’” “I was like, ‘Can you go back to the Rockets and tell them we won't accept this offer? We only want a lower offer.’ I tried to take less. I was trying to sabotage the Rockets offer.” “I remember it vividly. I call my agent back and I'm like, ‘Okay, the offer came through. No, we have to get a less lucrative offer because I got to go back to New York’” “Finally I'm like, ‘Can we just not accept their offer?’ And he's like, ‘No, we can't not accept their offer because the Knicks refuse to give us any offer. You have zero offers on the table. You have one offer and you have to accept it and leave it to the Knicks to match or not’” “It was kind of difficult to see that people thought I willingly left the Knicks or did it for the money or whatever. I would have played for significantly less if that meant staying with the Knicks because my heart was always here”

Jeremy Lin reveals he tried to reject the Rockets' $29,000,000 offer and would have taken significantly less to stay with the Knicks “I was crushed and my agent is telling me, ‘Be prepared that they won't match.’ And I'm like, ‘There's no way. There's no way. I got to go back to New York’” “They could have offered me three years, $9 million, but there wasn't even that offer on the table. And when the Rockets offer came in, the first question I asked my agent is, ‘Are the Knicks going to match this?’” “I was like, ‘Can you go back to the Rockets and tell them we won't accept this offer? We only want a lower offer.’ I tried to take less. I was trying to sabotage the Rockets offer.” “I remember it vividly. I call my agent back and I'm like, ‘Okay, the offer came through. No, we have to get a less lucrative offer because I got to go back to New York’” “Finally I'm like, ‘Can we just not accept their offer?’ And he's like, ‘No, we can't not accept their offer because the Knicks refuse to give us any offer. You have zero offers on the table. You have one offer and you have to accept it and leave it to the Knicks to match or not’” “It was kind of difficult to see that people thought I willingly left the Knicks or did it for the money or whatever. I would have played for significantly less if that meant staying with the Knicks because my heart was always here”

dank

2,542,105 görüntüleme • 3 ay önce

Q: The DOJ has a new fund that was announced today -- $1.7 billion. Why should taxpayers pay for the January 6ers? TRUMP: Well, it's been very well received, I have to tell you. I know very little about it. I wasn't involved in the whole creation of it. This is reimbursing people that were horribly treated

Q: The DOJ has a new fund that was announced today -- $1.7 billion. Why should taxpayers pay for the January 6ers? TRUMP: Well, it's been very well received, I have to tell you. I know very little about it. I wasn't involved in the whole creation of it. This is reimbursing people that were horribly treated

Aaron Rupar

799,099 görüntüleme • 4 ay önce

Mark Cuban paid $285,000,000 for the Mavs and everyone called him an idiot. One day of his Yahoo stock covered it “I bought the team in 2000 for $285 million. That was a high number, it was the highest number ever paid for a team. Everybody thought I was an idiot” “I’m on the bus right after I bought the team, and the deal hadn’t closed with Yahoo yet, so I still had a bunch of Yahoo stock. And they’re like, ‘Why did you pay so much?’” “And I brought up the stock price. This is when internet stocks were going crazy. It had gone up like $50 that day” “I said, ‘See that? That paid for the whole team’ One day. I didn’t stress it”

Mark Cuban paid $285,000,000 for the Mavs and everyone called him an idiot. One day of his Yahoo stock covered it “I bought the team in 2000 for $285 million. That was a high number, it was the highest number ever paid for a team. Everybody thought I was an idiot” “I’m on the bus right after I bought the team, and the deal hadn’t closed with Yahoo yet, so I still had a bunch of Yahoo stock. And they’re like, ‘Why did you pay so much?’” “And I brought up the stock price. This is when internet stocks were going crazy. It had gone up like $50 that day” “I said, ‘See that? That paid for the whole team’ One day. I didn’t stress it”

katsu

917,606 görüntüleme • 1 ay önce

I interviewed Tom Freston, the guy who built MTV, VH1, Comedy Central and Nickelodeon into an $8b company. In 2005 he tried to buy Facebook. He was the first one to make an offer. - He offered $800m cash plus a $900m earnout. - Facebook's revenue at the time was $8m a year. - Mark Zuckerberg flew to New York and showed up at the MTV offices in a hoodie and flip-flops. It was February. - Zuckerberg was 21. - Facebook turned them down.

I interviewed Tom Freston, the guy who built MTV, VH1, Comedy Central and Nickelodeon into an $8b company. In 2005 he tried to buy Facebook. He was the first one to make an offer. - He offered $800m cash plus a $900m earnout. - Facebook's revenue at the time was $8m a year. - Mark Zuckerberg flew to New York and showed up at the MTV offices in a hoodie and flip-flops. It was February. - Zuckerberg was 21. - Facebook turned them down.

Sam Parr

27,284 görüntüleme • 2 ay önce

Zac Gallen on why he took an equivalent one-year deal after turning down the Qualifying Offer. “As players, we’re fortunate enough to make the amount of money we do already, so I think getting greedy in that sense was kind of silly.”

Zac Gallen on why he took an equivalent one-year deal after turning down the Qualifying Offer. “As players, we’re fortunate enough to make the amount of money we do already, so I think getting greedy in that sense was kind of silly.”

Alex D’Agostino

165,292 görüntüleme • 7 ay önce

Elon Musk: We were promised space hotels, but it just wasn't happening. So I started SpaceX. “I just kept wondering why we were not making progress towards sending people to Mars, why we didn't have a base on the moon. You know, where are the sort of space hotels that were promised in 2001, the movie? It's like, you know, this just wasn't happening. Year after year, it was getting me down. I looked at the NASA website, I was like, where does it say when we're going to Mars? It doesn't.” SXSW Conference, Austin, March 11, 2018.

Elon Musk: We were promised space hotels, but it just wasn't happening. So I started SpaceX. “I just kept wondering why we were not making progress towards sending people to Mars, why we didn't have a base on the moon. You know, where are the sort of space hotels that were promised in 2001, the movie? It's like, you know, this just wasn't happening. Year after year, it was getting me down. I looked at the NASA website, I was like, where does it say when we're going to Mars? It doesn't.” SXSW Conference, Austin, March 11, 2018.

ELON CLIPS

23,404 görüntüleme • 2 ay önce

NEWSMAX: What we saw last year was big numbers that looked really good & were revised down. This was a big number that looked really good & was revised down. Why is it political? NAVARRO: Well, ah, I mean look, if we had gotten the right numbers a couple months ago, we would've got a nice rate cut

NEWSMAX: What we saw last year was big numbers that looked really good & were revised down. This was a big number that looked really good & was revised down. Why is it political? NAVARRO: Well, ah, I mean look, if we had gotten the right numbers a couple months ago, we would've got a nice rate cut

Aaron Rupar

330,375 görüntüleme • 1 yıl önce

"The final amount that he turned down in that final offer was more than $70 million" Andy Martino says talks between Pete Alonso & the Mets broke down after an offer of $68-$70 million and a disagreement over deferred money Is it still on the table? "I don't think anyone knows"

"The final amount that he turned down in that final offer was more than $70 million" Andy Martino says talks between Pete Alonso & the Mets broke down after an offer of $68-$70 million and a disagreement over deferred money Is it still on the table? "I don't think anyone knows"

SNY

149,032 görüntüleme • 1 yıl önce