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Sign in. Forgot your password? Get help. Password recovery. Informative article, just what I was looking for. Please enter your comment! Please enter your name here. You have entered an incorrect email address! Jennifer Liu. Facebook was created in February , three months prior to this photograph. VIDEO Silicon Valley influencer says Mark Zuckerberg and Elon Musk are both right about the future of artificial intelligence.
After graduating from prep school, Zuckerberg enrolled at Harvard University. While many intelligent people attend Harvard University, Mark Zuckerberg became known quickly as the go-to computer programmer on campus.
By his sophomore year, he had already built two programs: CourseMatch and FaceMash. Based on his acclaim on campus, Zuckerberg partnered with friends to create a social networking site that allowed Harvard students to connect with each other. The site officially went live in June under the name "The Facebook," and Zuckerberg ran it out of his dorm room. After his sophomore year, Zuckerberg dropped out of college to pursue what was now called Facebook, full-time.
The website reached one million users by the end of This explosion of user growth attracted the attention of many venture capital VC firms, and Zuckerberg eventually moved out to Silicon Valley in By the end of , however, Facebook had opened up to students attending other schools, causing the website to reach 5.
On April 28, , Facebook released first-quarter earnings for Monthly active users, a key metric, totaled 2. As of Jan. However, many have criticized the method by which Zuckerberg is donating his fortune. The charitable foundation Zuckerberg and Chan have set up is a limited-liability corporation, not a charitable trust.
This decision allows the two to do things that charitable trusts are not allowed to do, which in turn could make the foundation more effective, though it might also benefit their family more than a traditional trust.
Corporations can make for-profit investments and political donations. Unlike charitable trusts, corporations are not required to report their political donations. In April , Zuckerberg testified before Congress after it was revealed that the company had shared users' data with the political consulting firm Cambridge Analytica. More recently, on January 7, , Facebook banned former President Donald Trump from Facebook and Instagram indefinitely, after he expressed support for the rioters at the U.
Zuckerberg's company then granted access to other colleges, high school and international schools, pushing the site's membership to more than 5. The site began attracting the interest of other companies that wanted to advertise with the popular social hub. Not wanting to sell out, Zuckerberg turned down offers from companies such as Yahoo! Instead, he focused on expanding the site, opening up his project to outside developers and adding more features.
Zuckerberg seemed to be going nowhere but up. However, in , the business mogul faced his first big hurdle: the creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses.
Zuckerberg maintained that the ideas were based on two very different types of social networks. After lawyers searched Zuckerberg's records, incriminating instant messages revealed that Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection and offered Facebook users' private information to his friends.
Zuckerberg later apologized for the incriminating messages, saying he regretted them. The critically acclaimed film received eight Academy Award nominations.
Mezrich was heavily criticized for his re-telling of Zuckerberg's story, which used invented scenes, re-imagined dialogue and fictional characters. Zuckerberg objected strongly to the film's narrative, and later told a reporter at The New Yorker that many of the details in the film were inaccurate.
For example, Zuckerberg had been dating his longtime girlfriend since He also said he was never interested in joining any of the final clubs. Yet Zuckerberg and Facebook continued to succeed, in spite of the criticism. Time magazine named him Person of the Year in , and Vanity Fair placed him at the top of their New Establishment list. After the initial success of the IPO, the Facebook stock price dropped somewhat in the early days of trading, though Zuckerberg is expected to weather any ups and downs in his company's market performance.
In , Facebook made the Fortune list for the first time—making Zuckerberg, at the age of 28, the youngest CEO on the list. Zuckerberg was criticized for the proliferation of fake news posts on his site leading up to the U. In early , he announced a personal challenge to develop improved methods for defending Facebook users from abuse and interference by nation-states.
Previous personal challenges began in New Year's and have included only eating meat he killed himself and learning to speak Mandarin. The resulting outcry seemed to shake investors' confidence in Facebook, its shares dropping by 15 percent after the news became public. Following a few days' silence, Zuckerberg surfaced on various outlets to explain how the company was taking steps to limit third-party developers' access to user information, and said he would be happy to testify before Congress.
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