**Do you want to request a _feature_ or report a _bug_?**
Bug

**What is the current behavior?**
When you create a textarea with value and placeholder set and click into it using IE11 the value is reset to empty string.

**If the current behavior is a bug, please provide the steps to reproduce and if possible a minimal demo of the problem via https://jsfiddle.net or similar.**
https://jsfiddle.net/xu26gt71/2/

**What is the expected behavior?**
The value of the textarea stays the same and the cursor is placed at the clicked position.

**Which versions of React, and which browser / OS are affected by this issue? Did this work in previous versions of React?**
- React 15.0.1
- IE 11
- Windows 8
- It did work in earlier versions

if (props != null && props.value === null && !didWarnValueNull) {
    warning(
      false,
      '`value` prop on `textarea` should not be null. ' +
      'Consider using the empty string to clear the component or `undefined` ' +
      'for uncontrolled components.'
    );
    didWarnValueNull = true;
  }
}
/**
 * Implements a <textarea> host component that allows setting `value`, and
 * `defaultValue`. This differs from the traditional DOM API because value is
 * usually set as PCDATA children.
 *
 * If `value` is not supplied (or null/undefined), user actions that affect the
 * value will trigger updates to the element.
 *
 * If `value` is supplied (and not null/undefined), the rendered element will
 * not trigger updates to the element. Instead, the `value` prop must change in
 * order for the rendered element to be updated.
 *
 * The rendered element will be initialized with an empty value, the prop
 * `defaultValue` if specified, or the children content (deprecated).
 */