Zuckerberg attended Harvard University, where he launched Facebook in February 2004 with his roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Originally launched in only select college campuses, the site expanded rapidly and eventually beyond colleges, reaching one billion users in 2012. Zuckerberg took the company public in May 2012 with majority shares. In 2007, at age 23, he became the world’s youngest self-made billionaire. He has since used his funds to organize multiple philanthropic endeavors, including the establishment of the Chan Zuckerberg Initiative.
- To keep up with Zuckerberg’s burgeoning interest in computers, his parents hired private computer tutor David Newman to come to the house once a week and work with Zuckerberg.
- Users can chat with each other and send each other private messages.
- The couple has two children, Maxima Chan Zuckerberg (born December 1, 2015) and August Chan Zuckerberg (born August 28, 2017).
- He also invented Facemash, which compared the pictures of two students on campus and allowed users to vote on which one was more attractive.
- Created with a friend, Synapse was like an early version of Pandora—a program that used artificial intelligence to learn users’ listening habits.
The company’s management argued that transparency is necessary for forming personal relationships, sharing ideas and information, and building up society as a whole. It also noted that the bottom-up, peer-to-peer connectivity among Facebook users makes it easier for businesses to connect their products with consumers. Basically, Saverin ran Facebook’s business side while Zuckerberg worked on the product. However, instead of joining the company out in Palo Alto, Saverin stayed on the East coast and worked on another startup. Eventually, he started to feel left out, and he froze Facebook’s bank account.
Despite the legal controversies, Facebook continued its growth to pass 100 million users in 2008 and break into 1 billion just four years later. The controversy around the lawsuit was a major part of the 2010 movie “The Social Network” by David Fincher and Aaron Sorkin. The film tells a semi-fictionalized account of Zuckerberg’s college years and the rise of Facebook. Zuckerberg was born into an upper-middle class family in the town of White Plains, New York, in 1984.
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Amazingly, the idea for the website, now the world’s most popular social networking page, was inspired by a botched effort to get internet users to rate one another’s photos. A “shadow profile” refers to the data Facebook collects about individuals without their explicit permission. For example, the “like” button that appears on third-party websites allows the company to collect information about an individual’s internet browsing habits, even if the individual is not a Facebook user. Data can also be collected by other users. He’s probably best known for spearheading Barack Obama’s social media efforts during his 2008 presidential campaign, which was a key factor in his successful race.
Their site, he says, emphasized dating, while his emphasized networking. The way the Winklevoss twins tell it, Zuckerberg stole their idea and deliberately kept them from launching their site. Tall, wide-shouldered, and gregarious, the twins were champion rowers https://1investing.in/ who competed in the Beijing Olympics; they recently earned M.B.A.s from Oxford. “He stole the moment, he stole the idea, and he stole the execution,” Cameron told me recently. The dispute has been in court almost since Facebook was launched, six years ago.
Based on the buzz of his previous projects, three of his fellow students—Divya Narendra, and twins Cameron and Tyler Winklevoss—sought him out to work on an idea for a social networking site 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. Mark Zuckerberg was a Harvard computer science student when he, along with classmates Eduardo Saverin, Dustin Moskovitz, and Chris Hughes invented Facebook.
- In 2006 it released its application programming interface (API) so that programmers could write software that Facebook members could use directly through the service.
- The magazine estimated his net worth to be about $62.3 billion at the time.
- It’s hard to have a friend for a boss, especially someone who saw the site, from its inception, as “A Mark Zuckerberg production”—the tag line was posted on every page during Facebook’s early days.
- Despite his surname, Jeff Rothschild, who joined Facebook in 2005 as the start-up’s vice president of infrastructure software, is not a member of the European banking family (here , here).
- In 2006 Facebook opened its membership beyond students to anyone over the age of 13.
- The oldest daughter, once widely seen as an influential White House advisor who consistently had the ear of the president, has distanced herself since testifying before the Jan. 6 Committee that she believed President Joe Biden won the 2020 election.
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The History of Facebook and How It Was Invented
Zuckerberg began using and programming computers in middle school, with the active support of his father. Edward taught the 11-year-old Mark Atari BASIC, and then hired a software developer David Newman to give his son private lessons. In 1997 when Mark was 13, he created a computer network for his family he called ZuckNet, which allowed the computers in his home and his father’s dental office to communicate via Ping, a primitive version of AOL’s Instant Messenger that came out in 1998. He also developed computer games, such as a computer version of Monopoly and a version of Risk set in the Roman Empire. In his first week as a sophomore, he built CourseMatch, a program that enabled users to figure out which classes to take based on the choices of other students. Soon afterward, he came up with Facemash, where users looked at photographs of two people and clicked a button to note who they thought was hotter, a kind of sexual-playoff system.
Nearly $16 billion of Zuckerberg’s personal fortune was erased in one day. Amid increasing calls for his resignation from investor groups, Zuckerberg traveled to Capitol Hill and met with lawmakers ahead of his two-day testimony, scheduled for April 10 and 11. The first day of hearings, with the Senate Commerce and Judiciary Committees, was considered a tame affair, with some senators seemingly struggling to understand the business model that powered the social media giant. Yet Zuckerberg remained fascinated by computers and continued to work on developing new programs. While still in high school, he created an early version of the music software Pandora, which he called Synapse. Membership to the website was at first restricted to Harvard students.
Philanthropy and Chan Zuckerberg Initiative
This past spring, Facebook introduced what Zuckerberg called the Open Graph. Users reading articles on CNN.com, for example, can see which articles their Facebook friends have read, shared, and liked. Eventually, the company hopes that users will read articles, visit restaurants, and watch movies based on what their Facebook friends have recommended, not, say, based on a page that Google’s algorithm sends them to. Zuckerberg imagines Facebook as, eventually, a layer underneath almost every electronic device. You’ll turn on your TV, and you’ll see that fourteen of your Facebook friends are watching “Entourage,” and that your parents taped “60 Minutes” for you.
Things calmed down in March, 2008, when Zuckerberg hired Sheryl Sandberg, a veteran of Google who was the chief of staff for Lawrence Summers when he was Secretary of the Treasury. She joined Facebook as the company’s chief operating officer, and executives followed her from companies like eBay, Genentech, and Mozilla. Parked outside was a black Acura TSX, which he bought a couple of years ago, after asking a friend to suggest a car that would be “safe, comfortable, not ostentatious.” He drives a lot to relax and unwind, his friends say, and usually ends up at Chan’s apartment.
2006: Thefacebook, Thiel investment, and name change
Mezrich is also the author of a best-seller, published in 2003, about college students striking it rich. The book, titled “Bringing Down the House,” used invented scenes, composite characters, and re-created dialogue. (The producer of “The Social Network,” Scott Rudin, tried to talk to Zuckerberg and other Facebook executives, but he was rebuffed.) Mezrich sold the movie rights to the book even before it was completed. He called Sorkin his “first reader,” and handed over chapters as soon as he finished them. Mark Zuckerberg is famous for being cofounder and chief executive officer of Facebook, the world’s largest social network Web site.
But the departures also point to the difficulty some people have working for Zuckerberg. It’s hard to have a friend for a boss, especially someone who saw the site, from its inception, as “A Mark Zuckerberg production”—the tag line was posted on every page during Facebook’s early days. “Ultimately, it’s ‘the Mark show,’ ” one of his closest friends told me. Zuckerberg’s desk is near the middle of the office, just a few steps away from his glass-walled conference room and within arm’s length of his most senior employees. Before arriving each morning, he works out with a personal trainer or studies Mandarin, which he is learning in preparation for the trip to China.