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Mark Zuckerberg seems to be the master of putting things in contracts that play out in his favor. The article says they wanted a clause that granted them appro
by chubot 8y ago
Mark Zuckerberg seems to be the master of putting things in contracts that play out in his favor.
The article says they wanted a clause that granted them approval over monetization strategies. So Zuckerberg gave them some version that he knew had no teeth in order to close the acquisition. But he got exactly what he wanted in the end, without any real compromise.
This falling out with Acton and Joum seem like just another case in the long line of bad relationships: Saverin, and perhaps the Winklessvoss twins, although that "business" relationship was for the sole purpose of ripping them off.
- stock_toaster 8y agoAlternative reading: "Mark and Co. don't think twice about breaking laws or contracts, as long as any fines end up being less than the money they stand to make."
- akudha 8y agoIt is not like he personally wrote those contracts! Like any mega corp, FB must be having super high priced lawyers who do the dirty work. Hell, I am a lowly engineer in a tiny company who got screwed by a single line in a contract. I saw first hand what lawyers can do.