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Facebook creator turns down $1.6 billion offer from Yahoo

     
10:10 am on Dec 24, 2006 (gmt 0)

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"Zuckerberg, founder of the Facebook social networking website, has told Yahoo!, the internet giant, that $1 billion is not enough to sell out. Now leaked documents suggest that Yahoo! was willing to raise its bid to $1.6 billion.

Facebook, which he launched as a service for Harvard students in 2004, has become the seventh busiest website on the internet, and with 13m users is the second biggest social network in America."

[technology.timesonline.co.uk ]

5:28 am on Dec 26, 2006 (gmt 0)

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Facebook seems intent on staying independent, though if the huge offers keep rolling in it's going to be hard to refuse.
3:06 am on Jan 1, 2007 (gmt 0)

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what could you do with ONLY 1.6 Billion anyway? That tiny sum is only larger than the GDP of Greenland. See the CIA world fact book for the other 50 countries it exceeds. I wonder what he will say when WEB 2.0 implodes.