The story of Facebook.
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Transcript of The story of Facebook.
the story of
the beginning
A Harvard University student with a reputation of a computer whiz never
programmed to become rich : MARK ZUCKERBERG
• One of Mark’s project was an online social network to connect the students of Harvard.
• This network was well known
as Thefacebook.com
Users could create profile pages with their photos,
personal info, their likes etc.
It was a great success!!
Thefacebook.com
• Zuckerberg hired a few people. One of them was his roommate Dustin Moskovitz.
• The website spread like a wildfire to various universities
• Soon it was across 34 campuses with 100,000 users.
the next step
Thefacebook.com
(4th Feb’04)
Columbia University(25th Feb)
Yale University(29th Feb)
Stanford University(26th Feb)
“ I know thissounds
corny . But, I’d love to improve people’s lives, especially socially.
” -Mark Zuckerberg
(2004)
• As the users grew Mark realised he would have to find some source of revenue.
• Also Mark received many offers to sell the business for high prices but he declined.
• He met with PayPal’s cofounder , Peter Thiel , who offered a loan of $500,000 in return for 10% stake in the company.
• Later Mark also made a deal with Accel Partners after which the business came to be known as Facebook.
the financial status
• Zuckerberg now encouraged advertising on FB.
• He also added some new features like News Feed. But this dint seem to work out for the public. They protested as they felt they dint have any privacy on FB.
• After this he worked on apps for Facebook.For eg: Games like scrabble & Beacon.• He kept adding more features.
new features
650(Early Feb)
30,000(End of March)
100,000
(6months)
200,000(End of
Summer’04)
400,000(September’04
)
500,000(October’04)
1 million
(30th Nov’04)
5.5 million(Spring’05)
12 million
(by 2006)
50 million(Fall of 2007)
user growth
500 million
(July 2010)
“ my goal was never just to create a company … (but to) build something that actually makes a big change in the world .”- Mark Zuckerberg