Sunday, 3 December 2017

Mark zuckerberg's success story as the founder of Facebook


                                             

Mark Elliot Zuckerberg was born on May 14, 1984, and grew up in the suburbs of New York, Dobbs Ferry. He was the second of four children and the only son in the educated family. Mark’s father, Edward Zuckerberg, is a dentist and mother, Karen Zuckerberg, is a psychiatrist. His father owned a dental practice next to the family house. Mark and his three sisters, Arielle, Randi, and Donna, were raised in Dobbs Ferry, New York. Mark got interested in programming yet in elementary school. He was taught Atari BASIC Programming by his father, and when Mark was about 12, he used Atari BASIC to create a messenger, which he called “ZuckNet.” It made all the computers connected to each other and allowed to transfer messages between the house and dental office. Also being at high school, Mark wrote an artificially intelligent media player Synapse for MP3-playlists that carefully studied the preferences of a user and was able to generate playlists ‘guessing,’ which tracks a user wanted to listen to. Microsoft and AOL got an unusual interest in Synapse media player and wanted to acquire it. However, the young talent rejected the offer of the IT-giants and then politely rejected their invitation to cooperate. Just like that, Mark Zuckerberg refused from dozens, maybe even hundreds of thousands of dollars, and work at one of the top IT-corporations. Soon Mark Zuckerberg studied at the Academy of Phillips Exeter, an exclusive preparatory school in New Hampshire. He showed good results there in science and literature, receiving a degree in classics. He also showed a great talent in fencing and even became the school captain of the fencing team. Yet Mark Zuckerberg stayed fascinated by coding and wanted to work on the development of new software. In 2002, after graduating Phillips Exeter, Zuckerberg entered Harvard University. By his second year in the Ivy League, he had gained a reputation as a software developer on campus. It was then when he wrote a program CourseMatch, which helped students choose their subjects on the basis of lists of courses from other users. In 2003, Mark had invented FaceMash which is a fun site for voting. It was from that point where he joined together with Divya Narendra and the Winklevoss twins Tyler and Cameron 10 years later after the creation of FaceMash. Narendra and the Winklevoss twins planned to create a social network named HarvardConnection (It was renamed as to ConnectU) and its members would post on the Internet their photos, personal information, and useful links. The tasks of Mark Zuckerberg included programming of the site and creating a special source code, which would allow the system to work as quickly as possible. Later, he got his own idea of creating his own social network. On February 04, 2004, Mark Zuckerberg registered the domain name TheFacebook.com, now known throughout the world as Facebook.com. However, it functioned only within Harvard. In order to promote facebook, Darren Moskowitz, Mark's neighbor further opened the Facebook service to students at Columbia University, Stanford, and Yale. It was then later available to be used by all Harvard students and the entire universities across the U.S.and all over the world. However, Mark needed some investments to promote facebook. The first investments Mark received from one of the founders of PayPal, Peter Thiel, who is well known throughout Silicon Valley. Peter Thiel allocated $500,000, and that amount was sufficient for immediate Facebook purposes. This success has prompted dissatisfactions towards Narendra and the Winklevoss twins where they started to lodge few lawsuits against Zuckerberg but all of them were unsuccessful and the cases were immediately dropped. As facebook grows it's empire throughout the world, it had attracted big social network companies such as Microsoft, Whatsapp, and Instagram. Microsoft acquired 1.6% equity stake in Facebook for an impressive amount of $240 million dollars and immediately after that it's CEO, Bill Gates opened his own facebook page to start chatting the public people through facebook itself. In April 2012, facebook acquired mobile photo sharing app Instagram for $1 billion in cash and stock. Initially, it was an iOS application developed by Mike Krieger and Kevin Systrom. Now the Instagram application is available on Android OS as well. In October 2014, Mark Zuckerberg completed the purchase of WhatsApp for $22 billion. Facebook paid $4.59 billion in cash and 177,760,669 shares in the company. WhatsApp is an instant messaging application founded by Jan Koum and Brian Acton in 2009. In the present, facebook became one of the top social networks to be used worldwide and with such high popularity that Mark Zuckerberg received, it inspired David Fincher towards the creation of 'The Social Network" movie and it was brilliantly acted by Jesse Eisenberg as the facebook CEO Mark Zuckerberg himself. 


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