FACEBOOK-Mark Zuckerberg History

Mark Elliot Zuckerberg was born on May 14, 1984, and grew up in thesuburbs 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. The fact that the world is divided between programmers and users, Mark found out when he was 10 years old and got his first PC Quantex 486DX on the Intel 486.

From Mark Zuckerberg biography we found out 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. His father installed the messenger on his computer in his dentist office, and the receptionist could inform him when a new patient arrived. Mark also enjoyed developing games and communication tools and as he said he was doing it just for fun. His father, Edward Zuckerberg, even hired a computer tutor David Newman, who gave his son some private lessons.

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, once summer evening when Mark Zuckerberg suffered from insomnia in the Harvard dormitory room, he got an idea to create a site called FaceMash. Mark decided to hack the database of Harvard, where the students uploaded their profile pictures. He quickly wrote a program that randomly selected two pictures of two random female students and put them next to each other, asking “Who is hotter?”, giving the option for voting.

The process was in full swing and site was visited by most of the students at Harvard. When the number of visitors exceeded the limit, the server crashed due to overload. Mark appeared before the committee on computer hacking. Of course, nobody told Mark Zuckerberg ‘Well done!’ and he received a disciplinary action, and had noticed that such kind of things cause stormy interest in society. By the way, Harvard has refused to comment on the incident up till now.

     About ten months before the Zuckerberg’s FaceMash epic, one of the students of Harvard Divya Narendra had already spoken with the idea of creating a social network exclusively for Harvard students, many of whom were suffering from emotional stiffness. And not have ‘aliens’ engaged into the network, Narendra suggested using Harvard email address as the main username.

Divya Narendra’s partners were twins Tyler and Cameron Winklevoss. The father of the Winklevoss twins, Howard Winklevoss, is a successful financial consultant and put in his sons a lot of efforts and money – so the problem with the initial capital for the future network could be solved easily.

In conversation with Mark, Narendra said that the project would be called Harvard Connection (later renamed 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.

            After a private meeting with Narendra and the Winklevoss twins, Zuckerberg agreed to join in the work, but the potential of his new partners he estimated skeptically. While working on Harvard Connection, he got a fantastic idea for 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. After Zuckerberg and his partner Eduardo Saverin realized that there were already 4,000 users registered on Facebook, they came to the conclusion that they needed services of new programmers. One of them was a Mark’s neighbor, Darren Moskowitz, who further opened the Facebook service to students at Columbia University, Stanford, and Yale.

Around the same time after the IPO, Zuckerberg owned 503.6 million shares. And now Zuckerberg controls nearly 60% of the company’s votes, 35% – Eduardo Saverin, and 5% went to the newcomer Moskowitz. Another friend of Mark, Chris Hughes, was assigned as the Press Attache of Facebook.

Some time later, the registration was opened to all students. The main condition was the availability of an email address in the .edu zone, which also indicated a person’s belonging to the education sector.

It must be said that at first this tactic worked out nicely. The project attracted audience attention of sufficient quality. When a user was trying to sign up, he had to fill out a detailed profile, and in addition to the email address in the .edu zone, it was requested to add a real profile picture. If people used avatars instead of real pictures their profiles were deleted.

Soon, Facebook went beyond the education sector, becoming more and more popular. Mark Zuckerberg started looking for investors. 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. The project began to evolve rapidly. In less than a year after it was founded more than 1 million people joined the social network. For further development of Facebook, they needed more investments. Accel Partners invested in Facebook $12.7 million and then Greylock Partners added to this amount $27.5 million.

By 2005, Facebook became accessible for all educational institutions and universities in the USA. Zuckerberg still believed that his project is a social network for students, but the interest of users to Facebook grew exponentially. Then it was decided to make a registration accessible to the public. And after this, a Facebook ‘epidemic’ started.The main thing that immediately attracted users in Facebook is that friends who meet in real life now could communicate with each other online. It was something new.

        The Facebook audience grew rapidly, but the monetization of the project still remained unclear. Everyone expected that the main instrument should be context advertising. The fact is that every Facebook user fills sufficiently detailed profile, which can be used to show relevant advertisements. Obviously, that would open up enough options to advertisers, who may be of interest to their audience. But Facebook continued to grow its audience. When they got over 50 million users, large companies began to offer Zuckerberg to sell them the project. So, one time even Yahoo! offered $900 million dollars for Facebook. Impressive sum, but it absolutely did not satisfy Mark. Facebook biography and Mark Zuckerberg success story is quite intriguing, isn’t it?

In 2007, a significant event happened to Facebook. Microsoft acquired 1.6% equity stake in Facebook for an impressive amount of $240 million dollars. On this basis, a number of analysts suggested that the total value of Facebook reached $15 billion. Quite good results for the company, whose income did not exceed $200 million a year. After the deal, Bill Gates created an account on Facebook. He used to spend several hours a day to communicate through Facebook with everyone, but after a time decided to close his account for some time, because there were too many people willing to chat with him. Physically, he was not able to chat with all of them. However, Gates provided a major PR campaign for Facebook worldwide. This is of particular importance for Microsoft, given that it had an exclusive advertising agreement with the social network until 2011.

Currently, Zuckerberg lives in the Palo Alto in a $7 million estate that features 5 bedrooms a saltwater pool, and over 5,000 square feet of property. 

On May 19, 2012, Mark Zuckerberg married his longtime girlfriend Priscilla Chan in Palo Alto, California and finally they happily live together.

On December 01, 2015, Mark Zuckerberg and Dr. Priscilla Chan announced

the birth of their daughter, Maxima Chan Zuckerberg, and wrote a letter to her with the supportive words and mentoring notes. “Max, we love you and feel a great responsibility to leave the world a better place for you and all children,” Zuckerberg and Chan wrote in the letter to their daughter.

The young couple also pledged to donate 99% of their Facebook shares – worth about $45 billion – through the Chan Zuckerberg Initiative within their lifetime to promote human potential, equality, and the world development.

We hope you have enjoyed reading Mark Zuckerberg biography and breathtaking success story of Facebook, and it has inspired you to new discoveries.