The Journey of Facebook With Mark Zuckerberg

The Journey of Facebook With Mark Zuckerberg

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The journey of Facebook With Mark Zuckerberg

Difficulties and criticism are the main part of success, the only difference is thinking, the one who encourages and teaches takes you in the right direction where the sky is the limit.   

So how did Mark Zuckerberg move from a small town to one of history’s most influential tech companies?

This Journey started with coding at the age of 11, Edward Zuckerberg father of Mark Zuckerberg taught him Atari BASIC computer programming, then after David Newman, a software developer was hired by Edward as a tutor to teach Zuckerberg. Within a year he created an amazing practical program: ZuckNet for his father’s dentist clinic.

ZuckNet worked like an internal instant messaging system. Within no time he proved his skills. He gets interested in AOL and Microsoft when he was in Phillips Exeter Academy.

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It was 2002 when Zuckerberg turned down the biggest companies and move to Harvard. Where he took psychology as a major subject with the computer. Obviously, he has a bigger plan. Humans are social creatures, which is, therefore, an important part of understanding all kinds of human behavior, it was necessary to study how people acquire, perceive, process, and store information, the nature of Facebook clear in the choice of phycology.  

In October 2003 he creates and published a new social media platform (Facemash) with his college friends, to connect Harvard students through an online community. Within few hours the site hit more than 20k photo views, the site was later shut down due to violating copyrights, privacy, and breaching security. Due to which he had tugged by the Administration. Public apology saved him from being let go, and then he set his sights on his next project.

In February 2004 Mark Zuckerberg recapped the “FaceMash” and called it “The Facebook”. Where users can easily upload a photo, share and connect with others. Primarily the site allowed only people with a Harvard email address and within the first month 50% of the college’s students had signed up.

In June 2004, the company’s operations move to Palo Alto, California with some secure investment, Peter Thiel, the Co-founder of PayPal joined the board and made a $500,000 angel investment in Facebook.

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By the end of 2004, membership open to all universities in the nearby countries. And a huge number of people demanding to sign up. The site prompt hit and interest grew.

In May 2005 “TheFacebook” grew and grew and start receiving more money. Accel invest $12.7m when the company was priced around $100 million.

In August-Sep, 2005 thefacebook.com officially became “Facebook.com” purchasing the domain at ($2,00,000) and dropped “the”. At the end of Dec 2005, the site hit 6 million users.

In 2006, Facebook became available worldwide giving access to everyone to join the social network over thirteen years old with a valid email address. While, In the same year, Facebook also introduced the News Feed, which is an essential part of using Facebook, which shows the content most relevant to you first. 

In 2007, popular tech giants such as YahooMicrosoft, and Google turned towards Facebook for investment. Only Microsoft succeeded to acquire a 1.6% share of Facebook for $240 million. The popularity of Facebook continued to hike. It also saw the opening of the marketplace, and the launch of the Facebook Application Developer platform, opening the gates for developers to create their own applications and games that integrated with Facebook.

In April 2008 Facebook release Chat, which allow us to more instantly annoy our friends and family. We also see Facebook Wall, and Facebook Connect released in the same year. In August 2008 Facebook hit 10m, active users, daily.

In December 2009, Facebook record 350m registered users and 132m, unique monthly users. It becomes the most popular social platform in the world. The end of the year brings a big valuation to the company by hitting 500 m users.

In November 2010 Facebook became the 3rd largest web company in the US, under five years with no sign of progress slowing. Facebook was valued at a massive $41bn.

2010

How many things can change in a decade?


It was June 2011
Facebook mark as the 2nd most visited site in the United States and reach 1 trillion page views, Facebook Messenger also released this year.

In 2012, Facebook release the popular photo-sharing app Instagram for $1 billion. In 2012 Facebook mark the best place to work across all industries. Facebook indulges its employees with free meals and laundry services. Great medical and retirement benefits, and a generally motivating work atmosphere.

In 2013, Facebook introduced graph search, which lets users find information about their social media connections such as data about location, behaviors, likes, etc. Facebook and HTC jointly created the first smartphone this year. This gives the user a unique experience, based on Facebook’s design and technology.

In 2014, When  Facebook plan to purchase WhatsApp, the founders of WhatsApp Jan KoumBrian Acton committed a purchase price of $16 billion: $4 billion in cash and $12 billion remaining in Facebook shares. Thus, this price tag is exceeded by the actual price Facebook paid: $21.8 billion, or $55 per user. Now Facebook is the parent organization.

In 2018, Facebook hit 2 billion monthly active users and continues to grow to this day.

In 2020, Facebook growing every year, there is no doubt that Facebook is the leading social networking site in the world, since it launched, with nearly 2.45 billion monthly active users. According to the third quarter of 2020, Facebook’s net income amounted to almost $7.85 billion.

While Zuckerberg capers and the site’s profits eventually led to him becoming the world’s youngest multi-millionaire.

   “Money doesn’t matter, but talent does matter.”

                         

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