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.