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The story of Facebook.
Mark Zuckerberg created Facebook as an online social network for Harvard students called Thefacebook.com in 2004. It quickly spread to other universities and grew to hundreds of thousands of users. Zuckerberg hired employees and received funding to turn it into a company called Facebook. Over the next few years, Facebook added more features, saw rapid user growth into the tens and then hundreds of millions, and became a worldwide popular social media platform.
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The story of Facebook.
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- 2. the beginning A HarvardUniversity student with a reputation of a computer whiz never programmed to become rich : MARK ZUCKERBERG
- 3. • One ofMark’s project was an online social network to connect the students of Harvard. • This network was well known as Thefacebook.com
- 4. Users could createprofile pages with their photos, personal info, their likes etc. It was a great success!! Thefacebook.com
- 5. • Zuckerberg hireda few people. One of them was his roommate Dustin Moskovitz. • The website spread like a wildfire to various universities • Soon it was across 34 campuses with 100,000 users. the next step
- 6. Thefacebook.com (4th Feb’04) Columbia University (25th Feb) Yale University (29thFeb) Stanford University (26th Feb)
- 7. “I know this soundscorny . But, I’d love to improve people’s lives, especially socially.”-Mark Zuckerberg (2004)
- 8. • As theusers grew Mark realised he would have to find some source of revenue. • Also Mark received many offers to sell the business for high prices but he declined. • He met with PayPal’s cofounder , Peter Thiel , who offered a loan of $500,000 in return for 10% stake in the company. • Later Mark also made a deal with Accel Partners after which the business came to be known as Facebook. the financial status
- 9. • Zuckerberg nowencouraged advertising on FB. • He also added some new features like News Feed. But this dint seem to work out for the public. They protested as they felt they dint have any privacy on FB. • After this he worked on apps for Facebook. For eg: Games like scrabble & Beacon. • He kept adding more features. new features
- 10. 650 (Early Feb) 30,000 (End of March) 100,00 0 (6months ) 200,000 (End of Summer’0 4) 400,000 (September’04 ) 500,000 (October’04) 1 million (30thNov’04) 5.5 million (Spring’05) 12 million (by 2006) 50 million (Fall of 2007) user growth 500 million (July 2010)
- 11. “ my goalwas never just to create a company … (but to) build something that actually makes a big change in the world .” - Mark Zuckerberg