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Wrong. He's angry because he didn't want to be acquired and didn't want to have his business shut down by Facebook turning off his access.

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Nothing in the post suggests that Facebook threatened to turn off access.

They threatened this in a phone call, but he didn't record it so he didn't include it in the letter: http://news.ycombinator.com/item?id=4325593

No, he didn't want to be acquired, and he didn't want to go to an aggressive acquisition negotiation meeting, since there would be no terms he would accept. He only went to the meeting because he thought it was a demo.

Edit: actually, we're both right, according to the alleged contents of a phone call http://news.ycombinator.com/item?id=4325586

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