{"id":6219,"date":"2021-07-25T23:08:52","date_gmt":"2021-07-25T23:08:52","guid":{"rendered":"https:\/\/www.ireneeng.com\/?p=6219"},"modified":"2021-07-27T20:03:28","modified_gmt":"2021-07-27T20:03:28","slug":"an-ugly-truth-2021","status":"publish","type":"post","link":"https:\/\/www.ireneeng.com\/?p=6219","title":{"rendered":"An Ugly Truth, 2021"},"content":{"rendered":"

\"\"<\/a>An Ugly Truth: Inside Facebook’s Battle for Domination,<\/em> by Sheera Frenkel, Cecillia Kang has just been published, July 13, 2021. The two New York Times reporters  recounted the rise of FB, and the battles Mark Zuckerberg AND Sheryl Sandberg  waged, to get where they’re now.<\/p>\n

The title is from Boz (Andrew Bosworth – Mark Z’s inner circle confidant and friend)’s email,  \u201c\u2026 The ugly truth is that we believe in connecting people so deeply that anything that allows us to connect more people more often is de facto good.\u201d<\/p>\n

(Wendi Deng helped to buy MySpace in 2005 for her husband Rupert Murdoch, for $580m and sold for a song in 2011 for $35m, to Justin Timberlake<\/a>, etc.)<\/p>\n

In 2006 Yahoo offered $1b but Z refused. Many his advisers and investors pushed him to take the deal \u201cyou can pocket half of that, and made name for yourself \u2026\u201d Apparently it wasn’t what Z had in mind. He hired Sheryl Sandberg in 2008 and FB IPO’ed four years later. It closed on last Friday (July 23) at $369.<\/p>\n

Good book although I don’t agree with authors’ point of view; and the reader isn’t too good – Sheera Frenkel would have been a better voice\/fit to read her own book.<\/p>\n