David Rosenthal: belief

Transcript context

…Do you mean super voting shares? Super voting shares is like the technical aspect. I think there are a bunch of technical aspects to it that we're not going to get into in this conversation, but effectively you can take that perspective in a way that if you are a CEO, non-founder, without a structure that you've set up, you just can't. And I think you know in doing all the research for this, a thesis we've developed is that, like that, is just one of the core fundamental advantages that Meta has. So as you were setting up the company, you know when you were so young, even when you went public, you were so young, why was that so important to you? In 2006, Yahoo wanted to buy the company for a billion dollars and everyone on our management team wanted to sell it and the board tried to fire me and basically in the next year, everyone else on the management team left because I hadn't done a good job communicating. I don't want to blame them. I hadn't done a good job communicating the long-term vision because I didn't, I wasn't thinking about that at the time. I, like, wasn't thinking in terms of this as a company. I was like this is a great project, it's awesome, like a lot of people, like what we're doing. I think this will probably continue for a while. I think it's going to be pretty important in the world. But I didn't know how to think in terms of long-term financial plans…

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