A Quote by Jay Samit

Zuckerberg rejected $2 billion for Facebook and has successfully created a company worth nearly $200 billion. — © Jay Samit
Zuckerberg rejected $2 billion for Facebook and has successfully created a company worth nearly $200 billion.
I have this ratio that if you divide age of entrepreneur by market cap of company. For Facebook it's one. Every year of his life Zuckerberg has been making $1 billion for investors.
If Twitter is worth seven billion next month, I'm happy for them to be worth six billion and spend a billion making it safer for people, for example.
Here’s a current example of the challenge we face. At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has become Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only thirteen people. Where did all those jobs disappear to? And what happened to the wealth that all those middle-class jobs created?
A 2014 study commissioned by Facebook and done by Deloitte suggests that Facebook alone contributes almost $150 billion directly to the global economy, and when you add the peripherals, it nears $227 billion.
The U.S. only has 20 billion barrels of oil in reserve. It seems as though there is no more oil around. Venezuela has 300 billion barrels of oil in reserves. Iraq has, like, 150 billion barrels of oil. Iran, close to 300 billion barrels of reserve. Oil for 200 years, of course.
WhatsApp will bring Facebook another billion users. We will be a billion-user product. Whether there is a direct valuation or an indirect valuation, there is value, and Facebook understands that well.
A father and two sons run Adelphia. It's a cable company. And they took from that company a billion dollars. A billion. Three people - three people took a billion dollars. What were they gonna do, start their own space program? 'Let's send the monkey to Mars, Dad!'
Facebook has revealed their estimated net worth - $96 billion. That's almost as much money as businesses lose every year from their employees wasting time looking at Facebook.
There is nothing wrong with the planet. The planet is fine ... been here 4 1/2 billion years. We've been here, what, a 100,000 years, maybe 200,000. And we've only been engaged in heavy industry a little over 200 years. 200 years versus 4 1/2 billion. And we have the conceit to think that somehow we're a threat? The planet isn't going away. We are.
Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.
It's really easy to create a $1 billion company - you just have to solve a $10 billion problem.
I myself saw Yahoo become a $100 billion company and then become a $10 billion company, so you always have to look at valuations with a grain of salt and understand it is a point-in-time measure.
You could be worth $2 billion today and a half a billion tomorrow. It doesn't take much for this to disappear overnight.
If Bill Gates is worth $30 billion then a good haircut must cost $31 billion
Google is omniscient of what people search for and do. Facebook has over a billion subscribers, meaning Mark Zuckerberg has personal information about one in every seven people on Earth. U.S.A., Brazil, Mexico, India and Indonesia are at the top of that list.
US Airways made an $8 billion bid for Delta, including $4 billion in cash and $4 billion in lost luggage.
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