Interesting story of Youngest billionaire of world ( FOUNDER OF FACEBOOK.COM ) Mark Zuckerberg

Name             : Mark Zuckerberg
Date of Birth   : May 14, 1984 ( Age 29)
Occupation     : Entrepreneur ,Computer
                         Programmer,Philanthropist

Education       : phillips Exeter Academy ,Harvard University

Place of birth    : White plains ,New York ,USA

Father's name  : Edward Zuckerberg, ( dentist)
Mother's name : Karen Zuckerberg, ( psychiatrist)
Mark and his three sisters, Arielle, Randi and Donna were raised in Dobbs Ferry, New York.
   
  Early Life :
Mark got interested in programming yet in elementary school . He was Atari basic programming by his father and About at the age of 12 he used to Atari basic to create a messenger called "ZUCKNET" . It made all the computers connected to each other and allowed transfer message between house and his father dental office . In his father office ,receptionist used to inform him when new patient arrived .
         For fun ,Mark used to develop games and communication tools . His father hired computer tutor to give   him private tuition .
   In school he wrote an artificially intelligent media player synapse for mp-3 player that was able to generate playlist , which tracks user want to listen right now . Microsoft and AOL took unusual interest in that media player and proposed him to buy it out in huge amount of money . But Mark politely rejected it . He refused to   work with them in spite they became agree to pay huge package .
  

 He was  excellent  in science and literature in his school .  He was keen interested in fencing , was captain of fencing team in school . yet He stayed fascinated by coding and wanted to work on development of new software .

In 2002 , He entered in Harvard University ,By his  2nd year he developed a software "course match " which helped students choose their subjects on the basis of lists of courses from other users.

HACKING OF HARVARD DATABASE BY MARK
 In 2003 , once summer evening when mark Zuckerberg suffered from insomnia in Harvard dormitory room, he got an idea to create site " FACE MASH ". He hacked database of Harvard where the students uploaded their profile pictures . He wrote a program that randomly selected two pictures of two random girls students and asking " Who is hotter ?" , giving the option for voting .

 The process was in full swing and site was visited by most of the students in Harvard . when the number of visitors exceeded the limit ,the server crushed due to overload . Administration of Harvard called him  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 .

HOW DID MARK DEVELOP IDEA FOR FACEBOOK .COM

Divya Narendra, Co-founded HarvardConnection

  A Harvard student Divya Narendra got idea to create social networking where photos and other personal information of student  wanted to upload before Mark created "FACE MASH" but due to emotional stiffness Divya couldn't step up. Divya partner was Tyler and Cameron but They  had not coder .They asked to Mark to help and Mark agreed.

Since Mark came at last in this project and was playing important role to run this because it was all about coding . By the time on Feb 04 2004 he registered the domain name "THE FACEBOOK .COM " Now known as facebook .com through the world . Old partners filed case against Mark in court in blame they hired Mark to provide source code in their company but He didn't provide and used original code to create facebook.com . Court  investigated  but couldn't find proof . Old partners created ConnectU social networking to competite with Mark .  In 2009, Mark  agreed to pay $45 million ($20 million in cash, and the remaining amount in Facebook shares) ConnectU as part of the court settlement. The case was closed. By that time ConnectU had less than 100,000 users, and facebook boasted 150 million users .

The project attracted audience attention of sufficient quality because during sign up it needed email id and some personal information and it helped to connect with friends .  Mark needed investor , the first investor was founder of pay pal (Famous personality in silicon valley),allocated $ 5 lakh . this project expanded in very fast way . In less than one year it reached up to more than one million people .Then  Accel Partners invested in Facebook $12.7 million dollars and then Greylock Partners added to this amount $27.5 million dollars. When they got 50 million users , Yahoo! offerd 900 million dollars for facebook to sell them. But Mark didn't become ready . How intresting story is going on . isn't it ?  :)
this interesting story you are listening of 21 year boy only that time , just think for moment where do you see yourself . while i am writting this i am being emotional to think that " Why not me " ???  ( not jealous ).I thnk you should also think like this .

On May 17, 2011 Cameron and Tyler filed another lawsuit against the owner of Facebook Mark Zuckerberg to the U.S. Supreme Court. That was the latest attempt of the brothers to make the court to reconsider the case. But court rejected.

Bill Gates and Facebook

Bill Gates’ Facebook Page

In 2007, a major 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 reaches $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 in Facebook. He used to spend for several hours a day to communicate through Facebook with everyone, but after a time decided to close his account for some time, .

How Facebook Makes Money

In 2011, the turnover of Facebook, Inc. reached $3.71 billion and net income – $1 billion. The growth rates are also impressive: three years turnover has increased five-fold.

Basis earnings of Facebook come from contextual ads on the pages of social network. Growing number of users and the time they spend on the site is converted into advertising revenues. 85% percent of cash-flow that went through the company last year was earned through contextual advertising.

Most of the rest 15% are deductions from purchases made through the Facebook payment system. These are mostly not real, but virtual goods. For example seeds purchased by fans of the game Farmville.

FarmVille – popular game on Facebook developed by Zynga

virtual goods is a good business . in 2010 the global market turnover for virtual goods reached $7 billion, and by 2014 it will rise to $15 billion.

From January 2013,Facebook charges $1.00 for a private message that you can send to the users who are not in your friend list. And the message goes directly to their Inbox folder, instead of Other one. If you want to inbox Mark You have to pay $ 100 .

Mark Zuckerberg named TIMES’s person of the year 2010

Mark Zuckerberg: TIME’s 2010 Person of the Year

In January 2010, TIME magazine named Facebook founder, CEO and 26-year old billionaire Mark Zuckerberg the Person of the Year 2010.

Lady Gaga, James Cameron and founder of WikiLeaks, Julian Assange, were struggling for this title that year. However, TIME magazine chose his hero. ‘The social network created by Mark connected almost every tenth person on the planet’, – Richard Stengel, TIME editor-in-chief explained their choice. According to him, ‘Today, Facebook is the third largest country in the world that knows about its citizens as much as no government on planet does.’

According to TIME, in the past year no one else had such great impact on the world than the current winner. Mark’s popularity is so high that in 2010 David Fincher shot a movie ‘The Social Network’ in which the main role of Facebook founder was brilliantly played by Jesse Eisenberg. Previously, TIME’s ‘persons of the year’ became the United States presidents Bill Clinton and Barack Obama.

In 2010, Forbes magazine admitted Mark Zuckerberg as the youngest billionaire in its list to the state of $4 billion.

In the rating of the 400 richest people in the United States, published by Forbes magazine in 2012, Zuckerberg took 36th place with a fortune of $9.4 billion.

Mark Zuckerberg’s Lifestyle

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.

Mark Zuckerberg’s Wife Priscilla Chan

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

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