
This name needs no introduction. Mark Zuckerberg is the founder, chairman and CEO of Facebook. Here is a short glimpse into the journey of Mark and Facebook.
Early Life:
Mark Zuckerberg was born on May 14, 1984, in New York into a well-educated family. From an early age, he developed an interest in computer programming. His father taught him some basic programming skills and by the age of about 12, Mark created his first app – a simple messenger called 'ZuckNet.”. Mark enjoyed developing games and communication tools just for fun. Seeing his early success, his parents even hired a computer tutor for private lessons.
In high school, Mark wrote an artificially intelligent media player Synapse for MP3-playlists that carefully studied the preferences of a user and was able to generate playlists ‘guessing,’ which tracks a user wanted to listen to. Microsoft and AOL were interested to buy Synapse media player but the very young Mark rejected the offer of the IT-giants. By the time he even entered college, Mark had refused dozens of very attractive offers to work at one of the top IT-corporations.
The 'Facebook':
In 2002, after graduating Zuckerberg entered Harvard University and by his second year he had gained a reputation as the go-to software developer on campus. By his sophomore year, he had already built two programs - CourseMatch and FaceMash. Both programs became wildly popular, but the university shut down the FaceMash on grounds of inappropriateness.
Based on his reputation, Mark partnered with few colleagues to create a social networking site that allowed Harvard students to connect with each other. But Mark did not continue that for long and instead focussed on creating his own site 'The Facebook'. The site officially went live in June 2004 and Zuckerberg ran it out of his dorm room. After his sophomore year, Zuckerberg dropped out of college to pursue 'The Facebook' full-time. The site had reached 1 million users by the end of 2004. However, Mark was accused of stealing the idea of the networking site by his colleagues for his own Facebook site, a charge which was not upheld by courts but did lead to a long and ugly spat in public and a settlement with the claimants much later. This backdrop is something which was very famously narrated in the movie 'The Social Network', which according to Mark, contained many factual errors.
Indifferent to all the controversies, there was an explosion in the user base of Facebook, which was only open to top universities in the US. In 2005, Zuckerberg eventually moved out to Silicon Valley and Facebook received its first round of venture capital investments. By the end of 2005, Facebook opened up to students attending other schools, causing the website to reach 5.5 million users. Since 2005, Facebook received numerous acquisition offers from the likes of Yahoo and Microsoft as it continued its meteorite rise in user base. At one time, Yahoo! offered $900 million for Facebook. Impressive (at that time) for a college networking site but Mark, as you would now expect, was not interested. Soon, the Facebook site was opened for everyone and it went on to become the largest social networking app in the world.
The success was phenomenal and in January 2010, TIME magazine named Facebook founder, CEO and 26-year old billionaire Mark Zuckerberg the Person of the Year 2010. The reason was given then was ‘today, Facebook is the third-largest country in the world that knows about its citizens as much as no government on the planet does'.
In 2010, Forbes magazine also admitted Mark Zuckerberg as the youngest billionaire in its list to the state of $4 billion. Facebook had its IPO in May 2012, which raised $16 billion, making it the biggest Internet IPO in history. A day after, Mark married Priscilla Chan, his long-time girlfriend and a medical student he had met at Harvard. In 2013, Facebook made the Fortune 500 list for the first time - making Mark, aged 28, the youngest CEO on the list. In 2018, Mark went past the great Warren Buffett to become the world's third-richest person, behind fellow tech titans Jeff Bezos and Bill Gates. Currently, Forbes ranks Mark at No. 8 on its ‘Billionaires’ list.
Impact & Influence:
The impact that Facebook has on our daily lives is immense. There are roughly around 2.4 billion active users of Facebook in a month with about 1.6 billion users logging onto Facebook daily. People across the world use it to keep in touch with all their friends. There are countless interest groups and fan pages, games, third party apps, etc on Facebook. And almost all big businesses use Facebook to market their products /services to targetted users. Not long ago, there was no such platform but Facebook changed everything.
Over the years, Mark, a great strategist, identified and acquired companies that continue their operation as independent entities under Facebook’s umbrella. The most famous among these are Instagram and WhatsApp, again platforms that almost every other person on the planet uses.
When it comes to influencing, Mark signed the Giving Pledge, which means he will donate at least 50% of his net worth to philanthropic causes before he dies. When his first daughter Max was born, the parents authored an open letter and pledged to give away 99% of their net worth during lifetime through the Chan Zuckerberg Initiative.
A True Inspiration:
Mark Zuckerberg is a success story like no other. He has achieved what very few people have and at an age where very few would even dream of. He has made the world a smaller place, given voice to average, everyday citizens. His vision, execution and discipline to do this is what sets him apart from others.
Almost everyone knows that Mark wears the same outfit every day. He doesn’t waste time on decisions that are not important to him. His time-management skills are legendary and believe in actions with deadlines more than wisdom. Mark is also ready for change and there have been numerous and constant improvements on Facebook. There are new interfaces, apps and features that get tested in real-time before getting discarded or becoming perfect, all signs of Mark's bias for action. Mark has never stopped innovating, never rested on success but constantly ensured that Facebook doesn’t plateau as most other social networks did in past. Another amazing thing is the business focus, vision and strategy for monetisation across all the social media sites owned by him. Truly, if there is one person who has influenced your life more than anyone else, its' Mark.
Sources: investopedia.com, biography.com, zephoria.com