Mark Elliot Zuckerberg
CEO and President (since 2004, Feb),
Facebook
“The thing I really care about is the mission, making the world open” “It’s OK to break things” “to make them better”
Mark Elliot Zuckerberg is born American computer programming genius, young and energetic ideologist, envisioned entrepreneur and scientific brain behind the path breaking revolution in social networking systems; found and took up reins as President and CEO of Facebook in 2004. The way he transformed the social networking systems made communication, networking, knowledge sharing and connectivity jet fast and just a matter of a click.
The “Facebook”, which spread like magic from the dorm room of Harvard, founded by Mark Elliot Zukerberg in 2004, when he was just 19-year-old, with his fellow students and roommates, has become popular worldwide, with an extremely broad base of about 800million viewers, as of September 2011. Currently the Facebook is growing at tremendous pace with about 700,000 people using it per day. Today, one out of every 12 people is known to have Facebook account. These viewers communicate in 75 languages and use 700 billion minutes every month on facebook. As of 2011, Zuckerberg is a billionaire, with approximate personal wealth of around $17.5 billion.
Zuckerberg is named as the Person of the Year for 2010 by the Time’s Magazine for connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information and for changing how we live our lives. Amidst many controversies about the origin of the company and law suits filed against Facebook, in a very short spec of time, Mark was able to string up humans into a huge single social entity through Facebook network, which made a historical paradigm shift in human relations. Facebook has become a part –and- parcel of human lives through out the globe, with 50% of the people utilizing the network in the U.S and from countries outside the U.S, 70% of people have changed their lives with Facebook usage. Under the great leadership and guidance of Mark, total registrations to the site quadrupled over the previous year. The number of employees has tripled, as has revenue. This shows his determination, strong willpower and relentless hard work to execute his mission of connecting people around the world. He stood as a role model for all young upcoming businessmen with great ideas, which could transform the world.
Mark Zuckerberg thinks that lot comes from going to good schools, as he did. He believed that every child deserves good education, which is not happening right now. He just wants to do what he could do to lend everyone an opportunity to get educated. He wants to spread his wealth, so he announced that he would be giving $100 million to the Newark school system in charity, to help reform schools in U.S, in Sept 2011. Zuckerberg stated "With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts”. By this he joins Bill Gates and Warren Buffet in “giving away pledge”.
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Rise of Facebook and Zuckerberg
The foundation and groundwork before starting the actual Facebook, took its birth in the Harvard. Zuckerberg developed an image of go-to software developer on the Harvard campus, in 2002. At that time, he built a CourseMatch program, which helped students to choose their classes based on course selection of other users.
In 2003, when Zuckerberg was in his sophomore year at Harvard, started a program called “Facemash”, with the help of his friends and roommates Chris Hughes and Dustin Moskovitz, just to divert himself from the pressure he felt. Facemash placed photos of two undergraduates side by side, and asked the viewers to vote for one that is “hotter”. The site actually originated only for Harvard, but quickly grew to other colleges, then high schools and finally for anyone over age 13. However, the Harvard’s school administration quickly shut down the program, as Zuckerberg was charged for breach of privacy. Later on, the Harvard dropped the charges.
Based on the popularity gained by the previous projects, Zuck was sought to work on an idea of social networking site by three of his fellow students, Divya Narendra, and twins Cameron and Tyler Winklevoss, which they called “Harvard connection”. This site was designed to use information from Harvard's student networks in order to create a dating site for the Harvard elite. Zuckerberg agreed to help with the project, but soon dropped out to pursue his dreams. The controversy surrounding Facebook began quickly. A week after he launched the site in 2004, Mark was accused by three Harvard seniors of having stolen the idea from them. This allegation soon became a lawsuit, as a competing company founded by the Harvard seniors, sued Mark and Facebook for theft and fraud, starting a legal fight, which continues to this day. The case was dismissed due to a technicality in March 2007, but without a ruling and Zuck ended up paying a huge penalty.
In the year 2004 February, the same trio Zuck, Chris Hughes and Dustin Moskovitz dropped out of Harvard to pursue their dreams and run Facebook full time, they diverted their efforts to recreate Facemash and opened Facebook, the most popular social networking site. This site allowed users to create their own profiles, upload photos, and communicate with other users. The group ran the site first called “The Facebook”, from the dorm room at Harvard, until June 2004. In 2004, an angel investor, Sean Parker (founder of Napster) became the company's president. The company was moved to Palo Alto, California and had 1 million users by the end of 2004. In August 2005, “the facebook” was officially called “Facebook”, and the domain facebook.com was purchased for a reported $200,000.
The network quickly expanded to other Boston universities, the Ivy League, and eventually all US universities. US high schools could sign up from September 2005, and then it began to spread through out the world and reached UK universities the following month. The network reached beyond educational institutions to anyone with a registered email address, as of September 2006. The site remains free to join, and makes a profit through advertising revenue. That's why you'll see banner ads on Facebook, and this is how they can manage to create such a great service to you for free.
The features of the site have shown a continuous development, during the year 2007. Users can now give gifts to friends, post free classified advertisements, and even develop their own applications (graffiti and Scrabble are particularly popular). Over time, Facebook has added many new features to their website. You'll now find a news feed, more privacy features, Facebook notes, the ability to add images to your blog and comments, importing other blogs into Facebook, instant messaging, and much more. In addition, new apps are born on Facebook every day. This month the company announced that the number of registered users had reached 30 million, making it the largest social-networking site with an education focus. Facebook has count worthy investors including PayPal co-founder Peter Thiel, Accel Partners, and Greylock Partners. In 2007, Microsoft came forward and invested $246 million for a 1.6% share in Facebook. The next month Hong Kong billionaire Li Ka-shing made a large investment too. Yahoo! and Google both offered to buy Facebook, but Mark Zuckerberg showed no interest in selling. Today Facebook is the second largest social networking site and stands behind Myspace, with approximately 150mn viewers a month.
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More about Mark Elliot Zuckerberg
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The top wig of social networking, Zukerberg of Facebook; was born in a Jewish family in White Plains, New York, in the year 1984, May14. He was brought up in Dobbs Ferry, New York, in a well to do, closely-knit family, with his three sisters Randi, Donna, and Arielle. Right from his childhood, Zukerberg was raised totally in a Jewish style and culture and by the time he turned 13, he named himself as an atheist. Zukerberg’s parents were well educated. His father, Edward Zukerberg was a dentist and he ran his practice attached to his home. His mother worked as a psychiatrist, until she gave birth to four children.
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Young Zuckerberg, the founder of Facebook
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