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Contrary to what the title implies: "Facebook declined the term sheet based on the requirement of a board of directors seat, says our source, and not the valua
by jeroen 17y ago
Contrary to what the title implies:
"Facebook declined the term sheet based on the requirement of a board of directors seat, says our source, and not the valuation."
- JacobAldridge 17y agoTrue (and +1 for putting the actual detail into this discussion rather than the sensationalist headline). But part of turning it down, at least in Arrington's seemingly informed opinion, is based on Facebook (read: Zuckerberg) believing he has other options which must be in the ballpark of that valuation or above.