You'll remember Mark Zuckerberg's 2005 sale of Facebook to MySpace for $75 million. Facebook was also called Thefacebook, just a year old. This is a 1 billion-year-old bucket that sells in the tech world of today's motion. Nonetheless, eventually the takeover ended in failure, and MySpace's chief executive, Chris DeWolfe, did not phase Facebook.
A year later, Zuckerberg in the above price appended a 0, to 750 million dollar price again try to sell to Myspace,dewolfe again refused,Zuckerberg also once again reactive.
And now Facebook is a $274 billion business, and MySpace's market capitalisation, well, sorry, we don't even know.
Facebook later tried to buy Snapchat with $3 billion in cash and failed, a case that is also a very typical case of a rejected takeover. In 2013, Evan Spiegel, co-founder and chief executive of Snapchat , rebuffed Zuckerberg's bid, saying it was a "short-sighted income". Spiegel's move was really smart and prescient. Today's Snapchat is not the only Snapchat that used to send pornographic information, its valuations are now about $16 billion, and DAU (daily active users) has reached 100 million.
Besides, what are the major acquisitions in the technology industry that have not been successful yet raspberry? How did the companies that had not been acquired eventually develop? Take a look at the list below Empire flippers.
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A list of 15 amazing unsuccessful acquisitions in the tech industry