
The Meta Trial Shows the Dangers of Selling Out
Steven Levy
created: April 25, 2025, 2 p.m. | updated: April 29, 2025, 5:21 p.m.
Back in 2006, his investors and even his employees were pressuring him to sell his two-year-old startup for a quick payoff.
(The trial also invoked the case of Snap, which resisted Zuckerberg’s $6 billion offer and had to deal with Facebook copying its products.)
In their testimony, star witnesses Zuckerberg and Instagram cofounder Kevin Systrom agreed on facts, but their interpretations were Mars and Venus.
Oh, and Facebook’s $1 billion offer was double the valuation of the company in the funding round it was about to close.
Systrom and Krieger’s spoils, though considerable, did not reflect the fantastic value they had built for Facebook.
1 month, 2 weeks ago: WIRED