The story of Facebook.

the story of

the beginning

A Harvard University student with a reputation of a computer whiz never

programmed to become rich : MARK ZUCKERBERG

• One of Mark’s project was an online social network to connect the students of Harvard.

• This network was well known

as Thefacebook.com

Users could create profile pages with their photos,

personal info, their likes etc.

It was a great success!!

Thefacebook.com

• Zuckerberg hired a few people. One of them was his roommate Dustin Moskovitz.

• The website spread like a wildfire to various universities

• Soon it was across 34 campuses with 100,000 users.

the next step

Thefacebook.com

(4th Feb’04)

Columbia University(25th Feb)

Yale University(29th Feb)

Stanford University(26th Feb)

“ I know thissounds

corny . But, I’d love to improve people’s lives, especially socially.

” -Mark Zuckerberg

(2004)

• As the users grew Mark realised he would have to find some source of revenue.

• Also Mark received many offers to sell the business for high prices but he declined.

• He met with PayPal’s cofounder , Peter Thiel , who offered a loan of $500,000 in return for 10% stake in the company.

• Later Mark also made a deal with Accel Partners after which the business came to be known as Facebook.

the financial status

• Zuckerberg now encouraged advertising on FB.

• He also added some new features like News Feed. But this dint seem to work out for the public. They protested as they felt they dint have any privacy on FB.

• After this he worked on apps for Facebook.For eg: Games like scrabble & Beacon.• He kept adding more features.

new features

650(Early Feb)

30,000(End of March)

100,000

(6months)

200,000(End of

Summer’04)

400,000(September’04

)

500,000(October’04)

1 million

(30th Nov’04)

5.5 million(Spring’05)

12 million

(by 2006)

50 million(Fall of 2007)

user growth

500 million

(July 2010)

“ my goal was never just to create a company … (but to) build something that actually makes a big change in the world .”- Mark Zuckerberg