Wednesday, April 18, 2012

The Power of Millennial Zuck

According to the Wall Street Journal, Facebook (FB) CEO Mark Zuckerberg called an audible on making the $1 billion acquisition of Instagram last week (which will actually be worth $1.3 billion if Facebook IPOs at a $100 billion valuation).
He didn’t involve his board at all in the negotiations until it was time to rubber-stamp it.  According to the Journal, on the morning of Sunday, April 8th, Zuckerberg first notified them that he would be buying the hot photo-sharing site.  They announced the deal the next day.

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