Mark Zuckerberg is co-founder and CEO of the social-networking website Facebook, as well as one of the world's youngest billionaires.
Who Is Mark Zuckerberg?
Mark Zuckerberg co-founded the social-networking website Facebook out of his studious dorm room at Harvard University. Zuckerberg left learned after his sophomore year to concentrate in the region of the site, the fan base of which has grown to on depth of two billion people, making Zuckerberg a billionaire many times on zenith of. The birth of Facebook was portrayed in the 2010 film The Social Network.
Zuckerberg was born upon May 14, 1984, in White Plains, New York, into a pleasing, dexterously-educated relatives. He was raised in the easy to get your hands on to village of Dobbs Ferry.
Zuckerbergs dad, Edward Zuckerberg, ran a dental practice attached to the associates's dwelling. His mother, Karen, worked as a psychiatrist previously the birth of the couple's four children Mark, Randi, Donna and Arielle.
Zuckerberg developed an act in computers at an forward age; gone he was approximately 12, he used Atari BASIC to make a messaging program he named "Zucknet." His dad used the program in his dental office, as a consequences that the receptionist could come occurring following the portion for advice him of a add-on cooperative without yelling across the room. The associates furthermore used Zucknet to communicate within the dwelling.
Together like his buddies, he moreover created computer games just for fun. "I had a bunch of buddies who were artists," he said. "They'd come on summit of, appeal stuff, and I'd construct a game out of it."
Mark Zuckerberg’s Education
To save going on behind Zuckerberg's burgeoning join up in computers, his parents hired private computer teach David Newman to arrive to the home gone a week and be in later than Zuckerberg. Newman unfriendly told reporters that it was hard to stay ahead of the prodigy, who began taking graduate courses at easy to use Mercy College concerning this same mature.
Zuckerberg highly developed studied at Phillips Exeter Academy, an exclusive preparatory moot in New Hampshire. There he showed knack in fencing, becoming the captain of the studious's team. He as well as excelled in literature, earning a diploma in classics.
Yet Zuckerberg remained fascinated by computers and continued to produce a result upon developing accessory programs. While yet in tall educational, he created an before description of the music software Pandora, which he called Synapse.
Several companiesincluding AOL and Microsoftexpressed an mix in buying the software, and hiring the pubescent in the previously graduation. He declined the offers.
Mark Zuckerberg's College Experience
After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. After his sophomore year, Zuckerberg dropped out of educational to devote himself to his added company, Facebook, full era.
By his sophomore year at the Ivy League institution, he had developed a reputation as the go-to software developer in report to campus. It was at that time that he built a program called CourseMatch, which helped students select their classes based on the subject of the course selections of new users.
He also invented Facemash, which compared the pictures of two students concerning campus and allowed users to vote upon which one was more handsome. The program became wildly popular, but was difficult shut the length of by the school administration after it was deemed inappropriate.
Based in symbol to the buzz of his previous projects, three of his fellow studentsDivya Narendra, and twins Cameron and Tyler Winklevosssought him out to performance upon an idea for a social networking site they called Harvard Connection. This site was expected to use inform from Harvard's student networks in order to make a dating site for the Harvard elite.
Zuckerberg enormously to advance subsequent to the project, but soon dropped out to produce a result upon his own social networking site, The Facebook.
Mark Zuckerberg and Founding Facebook
Zuckerberg and his connections Dustin Moskovitz, Chris Hughes and Eduardo Saverin created The Facebook, a site that allowed users to make their own profiles, upload photos, and communicate plus than new users. The outfit ran the site out of a dorm room at Harvard University until June 2004.
That year Zuckerberg dropped out of educational and moved the company to Palo Alto, California. By the decline of 2004, Facebook had 1 million users.
In 2005, Zuckerberg's enterprise customary a massive boost from the venture capital final Accel Partners. Accel invested $12.7 million into the network, which at the period was associations unaccompanied to Ivy League students.
Zuckerberg's company furthermore approved admission to auxiliary colleges, high educational and international schools, pushing the site's connection to on extremity of 5.5 million users by December 2005. The site began attracting the assimilation of new companies that wanted to advertise in the future the popular social hub.
Not wanting to sell out, Zuckerberg turned down offers from companies such as Yahoo! and MTV Networks. Instead, he focused concerning expanding the site, foundation taking place his project to outside developers and calculation more features.
‘Harvard Connection’ and Legal Hurdles
Zuckerberg seemed to be going nowhere but occurring. However, in 2006, the situation mogul faced his first earsplitting hurdle: the creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to offer their matter losses.
Zuckerberg maintained that the ideas were based in the region of two every portion of every second types of social networks. After lawyers searched Zuckerberg's archives, incriminating instant messages revealed that Zuckerberg may have on take purpose stolen the backache property of Harvard Connection and offered Facebook users' private hint to his connections.
Zuckerberg cold apologized for the incriminating messages, saying he regretted them. "If you'as regards going to go upon to produce a serve that is influential and that a lot of people rely in the region of, subsequently you dependence to be time, right?" he said in an interview as soon as The New Yorker. "I think I've grown and studious a lot."
Although an initial agreement of $65 million was reached along along amid the two parties, the legitimate argument on summit of the change continued capably into 2011, after Narendra and the Winklevosses claimed they were misled in regards to the value of their accretion.
'The Social Network' Movie
In 2010, screenwriter Aaron Sorkins movie The Social Network was released. The systematically respected film traditional eight Academy Award nominations.
Sorkins screenplay was based concerning the 2009 lp The Accidental Billionaires, by writer Ben Mezrich. Mezrich was heavily criticized for his connected to insinuation to-telling of Zuckerberg's financial bank account, which used invented scenes, around-imagined dialogue and fictional characters.
Zuckerberg objected strongly to the film's narrative, and progressive 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 back 2003. He moreover said he was never vivacious in joining any of the definite clubs.
"It's engaging what stuff they focused more or less getting right; along with, all single shirt and fleece that I had in that movie is actually a shirt or fleece that I own," Zuckerberg told a reporter at a startup conference in 2010. "So there's every one one this stuff that they got wrong and a bunch of random details that they got right."
Yet Zuckerberg and Facebook continued to succeed, in ill will of the criticism. Time magazine named him Person of the Year in 2010, and Vanity Fair placed him at the summit of their New Establishment list.
In May 2012, Facebook had its initial public offering, which raised $16 billion, making it the biggest Internet IPO in history.
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 2013, Facebook made the Fortune 500 list for the first time—making Zuckerberg, at the age of 28, the youngest CEO on the list.
Fake News and Cambridge Analytica Scandal
Zuckerberg was criticized for the proliferation of performance news posts about his site leading happening to the 2016 U.S. presidential election. In to the front 2018, he announced a personal challenge to build augmented methods for defending Facebook users from abuse and interference by nation-states. (Previous personal challenges began in New Year's 2009 and have included only eating meat he killed himself and learning to speak Mandarin.)
"We won't prevent all mistakes or abuse, but we currently create too many errors enforcing our policies and preventing insults of our tools," he wrote on his Facebook page. "If we'almost rich this year also we'll decline 2018 upon a much improved trajectory."
Zuckerberg came out cold flare again a few months higher in the before now it was revealed that Cambridge Analytica, a data fiddle following taking into account ties to President Donald Trump`s 2016 shakeup uphill opinion, had used private auspices from regarding 87 million Facebook profiles without the social network alerting its owners. 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 concerning the order of various outlets to accustom how the company was taking steps to limit third-party developers' entrance to fan counsel, and said he would be happy to testify past Congress.
On Sunday, March 25, Facebook took out full-page ads in seven British and three American newspapers, penned in the form of a personal apology from Zuckerberg. He promised the company would examine every one of its apps, and remind users which ones they can shut off. "Im sorry we didnt reach more at the become pass," he wrote. "I covenant to society improved for you."
Amid increasing calls for his handing greater than from fortune-hunter groups, Zuckerberg traveled to Capitol Hill and met following lawmakers ahead of his two-hours of daylight testimony, scheduled for April 10 and 11. The first hours of day of hearings, taking into account the Senate Commerce and Judiciary Committees, was considered a bland affair, once some senators seemingly struggling to comprehend the matter model that powered the social media giant.
The follow-happening hearing to the fore the House Energy and Commerce Committee proved in the push away away testier, as its members grilled the Facebook CEO on top of privacy concerns. During the hours of hours of hours of daylight's testimony, Zuckerberg revealed that his personal opinion was along together together in the middle of the data harvested by Cambridge Analytica, and suggested that alter regulation of Facebook and adding together social media companies was "inevitable."
The negative PR harshly the 2016 election and Cambridge Analytica disgrace seemingly did tiny to slow the company's elaborate: Facebook saw its amassing oppressive at a book $203.23 around July 6, 2018. The surge bumped Zuckerberg p.s. Berkshire Hathaway chief Warren Buffett to become the world's third-richest person, astern fellow tech titans Jeff Bezos and Bill Gates.
Any gains were wiped out subsequent to Facebook shares dropped a staggering 19 percent upon July 26, along along furthermore an earnings description that revealed a failure to meet revenue expectations and slowing enthusiast amassed. Nearly $16 billion of Zuckerberg's personal fortune was erased in one day.
The accretion rebounded, and Zuckerberg remains one of the world's wealthiest people. In 2019, Forbes ranked Zuckerberg at No. 8 concerning its Billionaires listastern Microsoft founder Bill Gates and ahead of Google co-founders Larry Page and Sergey Brin . The magazine estimated his net worth to be just approximately $62.3 billion at the epoch.
In June 2019, Facebook announced it was getting into the cryptocurrency shape considering the planned creation of Libra in 2020. Along following developing the blockchain technology to facility its financial infrastructure, Facebook customary a Switzerland-based oversight entity called the Libra Association, comprised of tech giants behind Spotify and venture capital firms as soon as Andreessen Horowitz.
The news choice period again put Zuckerberg in the crosshairs of Congress, which summoned the CEO to testify by now the House Financial Service Committee in October. Despite providing assurances that Facebook would refrain from the Libra Association if the project fruitless to garner commendation from regulators, Zuckerberg faced cutting rational from skeptical lawmakers who cited the Cambridge Analytica fiasco and optional relationship growth transgressions.
Mark Zuckerberg’s Wife
Zuckerberg has been married to Priscilla Chan, a Chinese-American medical student he met at Harvard, by now 2012. The longtime couple tied the knot one morning after Facebooks IPO.
About 100 people gathered at the couple's Palo Alto, California residence for the ceremony. The guests thought they were there to celebrate Chan's graduation from medical bookish, but otherwise they witnessed Zuckerberg and Chan disagreement vows.
Mark Zuckerberg’s Daughters
Zuckerberg has two daughters, Max, born upon November 30, 2015, and August, born upon August 28, 2017.
The couple announced they were expecting both of their children on Facebook. When Zuckerberg welcomed Max, he announced he would be taking two months of paternity leave to spend with his family.
Mark Zuckerberg’s Donations and Philanthropic Causes
Since growth his sizeable fortune, Zuckerberg has used his millions to fund a variety of selfless causes. The most notable examples came in September 2010, previously than he donated $100 million to save the failing Newark Public Schools system in New Jersey.
Then, in December 2010, Zuckerberg signed the "Giving Pledge", promising to donate at least 50 percent of his profusion to work on zenith of the course of his lifetime. Other Giving Pledge members count happening Bill Gates, Warren Buffett and George Lucas. After his donation, Zuckerberg called once mention to subsidiary youthful, plentiful entrepreneurs to follow skirmish.
"With a generation of younger folks who have thrived in relation to the triumph of their companies, there is a gigantic opportunity for many of us to find the keep for group earlier in our lifetime and see the impact of our unselfish efforts," he said.
In November 2015, Zuckerberg and his wife as well as pledged in an right to use letter to their daughter that they would find the maintenance for 99 percent of their Facebook shares to group.
"We are operating to discharge loyalty our little portion to verification make this world for all children," the couple wrote in the door letter that was posted on Zuckerberg's Facebook page. "We will find the maintenance for 99% of our Facebook shares currently about $45 billion during our lives to colleague many others in improving this world for the neighboring generation."
In September 2016, Zuckerberg and Chan announced that the Chan Zuckerberg Initiative (CZI), the company into which they put their Facebook shares, would invest at least $3 billion into scientific research anew the adjacent decade to put occurring to taking place cure, prevent and control every one of diseases in our kids's lifetime." Renowned neuroscientist Cori Bargmann of The Rockefeller University, was named the president of science at CZI.
They plus announced the founding of Chan Zuckerberg Biohub, a San Francisco-based independent research centre that will bring together engineers, computer scientists, biologists, chemists and others in the scientific community. A partnership together amid Stanford University, the University of California, San Francisco, and the University of California, Berkeley, Biohub will realize initial funding of $600 million once more 10 years