Mark Elliot Zuckerberg
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Running Head: MARK ELLIOT ZUCKERBERG
Mark Elliot Zuckerberg
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Mark Elliot Zuckerberg
Introduction
Mark Elliot Zuckerberg is a businessman and co founder of Facebook. He was born on May 14, 1984 in Dobbs Ferry, New York. He is a computer programmer since he started the middle school. He created the Facebook as a social networking website to help change the way of people and even for businesses, communicate with each other. He belongs from a well educated family. His father ran a dental practice at the familys home and his mother, Karen, worked as a psychiatrist before the birth of the couples four children. Now he is only the youngest bilinear on the planet because only of his great efforts in the field of computer programming.
Discussion
Zuckerberg developed concentration in computers at a growing age and making a messaging program used in his fathers dental office. He also created computer games just for fun together with his friends. He later studied at Phillips Exeter Academy (Mezrich, 2010, 67-73). In school he showed some ability at fencing, becoming the team leader of the schools team. Zuckerberg remained interests in computers and continued to struggle on making new programs. He became identified about abilities and talents for developing software. Some companies best offered him to join the company.
From Exeter, after complete the graduate, he went to Harvard University in the end of 2002 (Mezrich, 2010, 67-73). Some students sought him out to work on a social networking site called Harvard Connection. Before long, though, he fallen their plan to work on social network, which presently known as Facebook.
In 2004, he launched the Facebook in Harvard. Fecebook is one of the greatest site for people where they interact and communicate daily with their friends. He received support from colleague students Andrew McCollum and his roommates Chris Hughes and Dustin Moskovitz become a bilinear. Later in 2004, after the release of Facebook he left Harvard when he earned $500,000 investment from the cofounder of PayPal Peter Thiel. In the end of 2004, this site had a million of users. In 2005, the project of Zuckerberg got an enormous boost from the business capital firm Accel Partners. In December 2005, Facebook had more than 5.5 million users. It is the main achievement that the Facebook quickly attracted the mind of other companies (Shelly, 2009, 133-147).
In 2006, he had earned $37.7 million from his famous Web site into specialized and certified social observable facts. Students of colleges overall the nation clamored for access, which Zuckerberg doled out, school by school. In the mid of 2006, approx 7 million users, in which mostly the college students. These companies wanting to buying to be the most interesting and popular online social hub. Not wanting the site to sell, Zuckerberg moved down proposes from MTV AND Yahoo! Networks. Instead he has focused on developing the site, constantly making quality aspects to Facebook. The company has opened for the developers from outside and permitting them to launch the games on Facebook. But for all of Facebooks achievement, there were also signals of problem (Sernau, 2010, 144-155).
He wanted to surpass and supplant My Space and build the Facebook the biggest site for people on the planet. He also desired it to become the next Google, a site in which all ages of people involves and communicate to each other. But unfortunately that had not happened but its few months struggles to capture the concentration of students, and also achieve to take users away from My Space. It is really fact that the growth of Facebook was leveling off, inching its way to 8 million users, whereas the site of MySpaces continued to rise, with 100 million users in August of 2006. At the same period, Microsoft and Viacom had started to take a serious and significantly look at Facebook. Some executives and investors began speculating if it was the period for Zuckerberg to sell. It was beginning to look like Facebook had reached to peak. But he not agreed, but suddenly Yahoo approached to him with a proposal of $1 billion in hard cash, the difficulty became too much. He verbally agrees to sell the site to Yahoo. It looked like a good match. Yahoo had thousands of millions of users, but its penetrate into social networking was attempting. Facebook had greatest features and was looking for a large number of users (Shelly, 2009, 133-147).
After he agreed to sell the Facebook, Yahoo said it was projecting slower sales and earnings improvement and growth, and that the opening of its new market advertising platform would be delayed. The price of stock boomed 22% very rapidly. Terry Semel, CEO of Yahoo, step back, change the offer from $1 billion to $800 million. After two months, Semel renounced the actual $1 billion proposal (Sernau, 2010, 144-155), but Zuckerberg had influenced his executive and board members that Yahoo wasnt a sincere in partnership and that the worth of Facebook would be on its own. He refused the proposal.