Charl Norman

Did you know Mark Zuckerberg allegedly verbally agreed to sell Facebook to Yahoo! or Friendster tried to acquire Facebook for $10 Mil? Check out these interesting early Facebook history facts -

1. With millions more users, Friendster attempted to acquire the company for $10 million in mid 2004. Facebook turned down the offer and subsequently received $12.7 million in funding from Accel Partners, at a valuation of around $100 million.
2. In the summer of 2006, Yahoo attempted to acquire the company for $1 billion dollars. Reports actually indicated that Zuckerberg made a verbal agreement to sell Facebook to Yahoo!. A few days later when Yahoo!’s stock price took a dive, the offer was lowered to $800 million and Zuckerberg walked away from the deal. Yahoo! later offered $1 billion again, this time Zuckerberg turned Yahoo! down and earned instant notoriety as the “kid” who turned down a billion.
3. Facebook is the 6th most trafficked site in the US and top photo sharing site with 4.1 billion photos uploaded.
4. Facebook is the 5th most valuable US Internet company, yet with only $150 million in annual revenue.
5. With this success, Zuckerberg, Moskowitz and Hughes moved out to Palo Alto for the summer and rented a sublet. A few weeks later, Zuckerberg ran into the former cofounder of Napster, Sean Parker. Parker soon moved in to Zuckerberg’s apartment and they began working together. Parker provided the introduction to their first investor, Peter Thiel, cofounder of PayPal and managing partner of the Founders Fund. Thiel invested $500,000 into Facebook.

Source CrunchBase and the coolest guy on the internet

facebook facts