Allison Fass reporting on Peter Thiel’s talk at SXSW this year where he recounted the time in 2006 that Mark Zuckerberg turned down Yahoo’s $1 billion offer to buy Facebook:
His only partial rationalization at the time was that in the history of Yahoo, it had made two $1 billion offers that were also turned down. And those were to eBay and Google. “At least I could actually make a pseudo-scientific argument that in every case Yahoo offered $1 billion and it was rejected, it was the correct thing to do,” said Thiel.
I should say that I know absolutely nothing about any sort of talks/deals between Tumblr and Yahoo. And I’m not sharing this to suggest that Tumblr should turn down such a supposed offer (my initial gut feeling is actually that such a partnership would make a lot of sense). I just found it fascinating given how closely the reported number is to the key number repeated in Thiel’s story.