Business

Zuckerberg told employees that he would have been fired several times over if it weren’t for his total control of Facebook

Facebook CEO and chairman Mark Zuckerberg told employees he would have been fired from Facebook multiple times if it were not for his total control over the company, according to audio recordings obtained by Casey Newton at The Verge from two internal meetings held with employees in July.

“So one of the things that I’ve been lucky about in building this company is, you know, I kind of have voting control of the company, and that’s something I focused on early on,” Zuckerberg — who holds 60% voting power over Facebook’s board — told employees. “And it was important because, without that, there were several points where I would’ve been fired.”

Zuckerberg gave the example of when, in 2006, he decided to pass on Yahoo‘s proposal to buy Facebook for $1 billion. At the time, Facebook had 10 million users compared with Myspace‘s 100 million and was about to bet the business on News Feed, which was unproven as a product. 

Read the full story at Business Insider.