Mark ZuckerbergFacebook Founder

CA. Pankaj JainEmail: pjain@email.com

CREATOR OF FACEBOOK

What is Facebook, Anyway?Facebook is a free online social networking venue where friends, family, colleagues and acquaintances can mingle, get to know one other better and expand their social circle.

Facts about our #1 Friend:Mark Zuckerberg Mark Elliot Zuckerberg is the co-founder and chief executive of Facebook. He holds 28.4% shareholding of Facebook.

Born on May 14, 1984 (Age 27) in White Plains, New York to Edward and Karen Zuckerberg.

Grew up in Dobbs Ferry, New York.

Mark is from Jewish decent but consider himself an atheist.

His dad is a dentist and his mom is a doctor.

Mark can both read and write in five languages.

Zuckerberg Today Zuckerberg has a net worth of $17.5 billion (Approx. Rs. 8,750 Crore)

He is the youngest billionaire in the world at the age of 25 .

The co-founder CEO & President of Facebook does not care about money. He denied a 1 billion dollar (Approx. Rs. 4500 Crore) offering to sell Facebook. This is his baby, he wants to keep running and keep growing it.

Mark is most probably to become the next Bill Gates.

In real life, Mark is always shy and reserved although he is trying to make the world a more open by helping people connect and share.

Mark wears rubber sandals to Board Meetings.

Facebook is blue because Mark Zuckerberg is red-green colorblind. Blue is the color he see best; therefore, the predominant color on all Facebook pages is blue.

It has 845 million users: Yes! Facebook has that many users. On average, 50% of its active users log on to Facebook everyday.

Education & Social Life Mark started his high school education at Ardsley High School in Ardsley, New York, but he found that this school wasn’t challenging him enough so he transferred to Phillips Exeter Academy, a boarding school in Exeter, New Hampshire

After graduating high school, he attended Harvard University but dropped out after his sophomore year.

Started programming in middle school and he was very interested in creating communication programs and games.

He also created a music program called Synapse, which used artificial intelligence to learn about the user’s listening habits.

Because of Synapse, Microsoft and AOL tried to recruit Mark and buy his program but he decided to go to Harvard instead.

While at Harvard he joined the jewish fraternity Alpha Epsilon Pi and was known for reciting lines from epic poems such as The Illiad.

Where did the name come from?

An actual facebook is a student directory that is published by a school every year with pictures of all students faculty and staff.

These facebooks were a very common thing among most colleges and prep schools.

How it began and bumps along the way On October 28, 2003 Zuckerberg was blogging about a girl who had dumped him when he got the idea to create Facemash.

Facemash was a Harvard version of Hot or Not. It compared two people and the users voted on which one was “hotter”

Zuckerberg hacked into Harvard’s computer network to obtain the pictures of students from the different dorm’s online facebooks.

The site was shut down a few days later by the Harvard administration and Zuckerberg faced expulsion but the charges were dropped.

Later that semester he expanded on his initial site by uploading images for an art history final and allowing comments on the images so the students could share their notes. The professor said it had the best grades of any final he had ever given.

Inspired by an article in The Harvard Crimson about the Facemash incident, Zuckerberg started writing code for a new site.

On February 4, 2004 he launched thefacebook.com

Within 24 hours the site had between 12 and 15 hundred members.

Membership was originally restricted to Harvard students but gradually expanded to most colleges in the US and Canada.

In 2004 the company incorporated and moved to Palo Alto, California. Sean Parker, who had been advising Zuckerberg became the company’s president.

The company bought the domain name facebook for $200,000 (Approx. 90 Lacs) in 2005 dropping the “the” from the name.

On September 26, 2006 Facebook opened to everyone over the age of 13 with a valid e-mail address. Soon after facebook was first created, three Harvard seniors accused Zuckerberg of stealing their idea for the site. Their site was going to be called HarvardConnection.com.

Zuckerberg had originally planned to help them with their site but he already had facebook in the works when they wanted him to make HarvardConnection.

A few month after thefacebook.com was launched they launched their site which they called ConnectU instead of HarvardConnection.

In September 2004 ConnectU sued Zuckerberg for allegedly stealing their idea. In February 2008 they agreed to settle the suit but in June of the same year ConnectU appealed the settlement accusing facebook of trading its stock without disclosing material information. This appeal is ongoing.

Interesting Facts Microsoft wanted to invest in Facebook but was originally turned down. Now they own 1.6% of the company’s shares

Facebook has over 3000 + full time employees.

On November 30, 2007 the 11th richest man in the world, Li Ka-shing, invested $60 million dollars (Approx. Rs. 300 Crore) in the company.

Over 1 billion photos and 10 million videos are uploaded to Facebook each month.

The age group that uses Facebook the most is 18-34 years.

Zuckerberg donated $100 million (Approx. Rs. 450 crore) to the Newark, New Jersey school system on September 22, 2010. This event was reported in The Social Network movie.

The company filed for a $5 billion (Approx. Rs. 2500 Crore) Initial Public Offering (IPO), making it one of the biggest in tech history and the biggest in internet history.

External Links www.Wikipedia.org

Mark Zuckerberg on Facebook

Mark Zuckerberg collected news and commentary at “The New York Times”

www.slideshare.net

THANK YOU

Mark Zuckerberg – Desk at HQ