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Friday, January 9, 2009

The person behind Facebook.

Almost everyone online is using Facebook.I bet you have one. However, there is a very interesting story that lies behind the most succesfull social networking ,Facebook. Let me tell you a story of Mark Zuckerberg. Without Zuckerberg, there will be no Facebook that we used to access everyday. Mark Zuckerberg even nominated by Forbes being the youngest billionaire in the world.

This Tech's newest golden boy founded addictive social-networking site Facebook in February 2004 from his Harvard dorm room. He left school for Silicon Valley that year. Microsoft paid $240 million last October for a 1.6% stake, giving the company an implied valuation of $15 billion. Some analysts and a few Facebook investors think that's high. We think Zuckerberg's stake is worth $1.5 billion. Regardless, Zuckerberg is the youngest billionaire on earth and possibly the youngest self-made billionaire ever.

He Left school for Silicon Valley later that year; scored initial $500,000 investment from PayPal cofounder Peter Thiel. Venture firms soon swooned, among them Accel Partners and Greylock Partners. Today Facebook boasts 66 million active users. Estimated annual sales: $150 million. Expanding beyond being a college-only message system and photo album; now courting users to 55,000 different high school, business and city networks. Problems with privacy: installed "News Feed" in 2006; program automatically alerted users' friends to changes they made to their profiles. Outcry over privacy concerns led company to backpedal; Zuckerberg issued apology. Similar controversy ensued after release of Facebook Beacon late last year; program automatically alerted friends of activities on selected outside sites, including eBay and Fandango. Microsoft bought 1.6% stake for $240 million last October; deal led many to suggest the company is worth $15 billion. Some analysts—and even a few Facebook investors—suggest the company's value is far lower.




Mark Zuckerberg Biography:

Age: 23

Fortune: self made

Source: Facebook

Net Worth: $1.5 bil

Country Of Citizenship: United States

Residence: Palo Alto, California , United States, North America.

Industry: Technology Marital

Status: Single.

Education: Harvard University, Drop Out.

With Love: Amirul010

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