Profile about the youngest billionaire on the planet who
created the social network Facebook which now has 1 billion monthly active
users. Thanks to Facebook people around the world can easily keep in touch with
all their friends.
Not so long ago, society didn't have such an opportunity,
but now everything has changed. However, Facebook is not limited to just
communicating and getting to know each other. There are many interest groups
and Fan pages that help to bring people together.
Mark Zuckerberg's childhood profile
Mark Elliot Zuckerberg was born on May 14, 1984, and grew up
in the New York suburb of Dobbs Ferry. He is the second of four children and
the only child in an educated family.
Mark's father, Edward Zuckerberg, is a dentist and mother,
Karen Zuckerberg, works as a psychiatrist. His father owned a dental practice
next door to the family's house.
From Mark Zuckerberg's profile we find he was taught in
Atari BASIC Programming by his father, and when Mark was about 12, he used
Atari BASIC to create a messenger, which he called "ZuckNet."
His father installed the messenger on a computer at the
dentist's office, and the receptionist could notify him when a new patient
arrived. While in college, Mark wrote an atificially intelligent Synapse media
player for MP3 playlists that learned user preferences and was able to generate
'guess' playlists, which tracked what the user wanted to hear.
Microsoft and AOL Get Interest
Microsoft and AOL got unusual interest in the Synapse media
player and wanted to acquire it. However, he turned down an offer from an
IT-giant and then politely declined their invitation to cooperate.
Just like that, Mark Zuckerberg turned down tens, maybe even
hundreds of thousands of dollars, and worked in one of the top IT-corporations.
Mark Zuckerberg studied at Phillips Exeter Academy, an
exclusive prep school in New Hampshire. He showed good results in science and
literature, and received the title of classics. He also showed great talent and
even became the school captain of his team. But Mark Zuckerberg was fascinated
by coding instead and wanted to work on developing new software.
The Beginning of Facebook
One of the students from Harvard – Divya Narendra – spoke up
with the idea of creating a special social network for Harvard students, as
many of them suffer from emotional rigidity. And no strangers, Narendra
suggests using a Harvard email address as the primary username.
TheFacebook.com for the domain name, now known worldwide as Facebook.com . However, it only works within Harvard. After Zuckerberg and his patner Eduardo Saverin realized that there were already 4,000 registered users on Facebook, they came to the conclusion that they needed the services of a new programmer.
One of them was Mark's neighbor, Darren Moscowitz, who later
opened Facebook services for students at Columbia University, Stanford, and
Yale. Around the same time after the IPO, Zuckerberg owned 503.6 million
shares.
And now Zuckerberg controls almost 60% of the company, 35% –
Eduardo Saverin, and 5% goes to newcomer Moscowitz. Another friend of Mark's,
Chris Hughes, was assigned as Facebook Attache.
Some time later, registration was opened for all students.
The main condition is the availability of an email address in the edu zone,
which also indicates a person belongs to the education sector.
In 2005, Facebook became accessible to all educational
institutions and universities in the United States. Zuckerberg still believes
that his project is a social network for students, but user interest for
Facebook is growing exponentially.
Then it was decided to make the registration accessible to
the public. And after this, the Facebook 'epidemic' began.
Bill Gates and Facebook
In 2007, an impotant event occurred on Facebook. Microsoft
acquired a 1.6% equity stake in Facebook for an impressive amount of $240
million dollars. On this basis, a number of analysts suggest that Facebook's
total value reaches $15 billion. quite a good result for the company, which earns
no more than $200 million per year.
After the deal, Bill Gates created an account on Facebook.
He used to spend several hours a day communicating via Facebook with everyone,
but after time decided to close his account for some time, because there were
too many people willing to chat with him.
Physically, he was unable to chat with all of them. However,
Gates provided a huge PR campaign for Facebook around the world. This is
impotant to Microsoft, given that it had an exclusive advetising deal with the social
network until 2011.
How Facebook Makes Money
In 2013, the turnover of Facebook, Inc. reached $787 billion
and net profit – $1.5 billion. The growth rate is also impressive: three years
turnover has increased sixfold.
Facebook's basic income comes from contextual ads on social
network pages
The growth in the number of users and the time they spend on
the site is conveted into advetising revenue. 85% percent of the cash flow that
came through the company last year was obtained through contextual advetising.
Most of the remaining 15% is a deduction from purchases made through Facebook's
payment system.
These are mostly unreal, but vitual items. For example
seeds, fruits and vegetables, purchased by fans of the popular game Farmville
developed by Zynga .
Despite the obvious frivolity, vitual goods are serious
business, and a Facebook repot confirms that. The company estimates that in
2010 the global market turnover for vitual goods reached $ 7 billion, and in
2014, it rose to $ 15 billion.