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Facebook a monolithic success story

 

Just 15 short years ago, in February of 2004, a reticent Harvard College dropout.

Mark Zuckerberg got together with Mark Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes and pooled $1000.00 each of their own money and founded what was to become the monolithic social media and social networking service we now know as Facebook. Little did Mark Zuckerberg know that just 15 years later, he would become the 5th richest person in the world, with an estimated net worth of  $68.2 billion. 

Now, as we know today, Facebook has rapidly joined the other three technology giants, Amazon, Apple, and Google, who form what is now known as the “Big Four Club,” better known as the technology “Gang of Four.”

From little acorns

Just like the mighty Oak Tree, Facebook started from tiny beginnings. Initially, membership was limited to Harvard students. Still, as more and more people began talking about the fledgling company in bars, restaurants, and other campuses, it was extended to the other large colleges and universities of Columbia, Stanford, and Yale.

Following this expansion, it became evident that “The Facebook” as it was named back then (the name The FaceBook came from the student books titled “The FaceBook” which were handed out to all students of the day) required larger offices, so on the 1st of June 2004, the company moved to Palo Alto, California just before “The Facebook” reached a membership of one million users on the 1st of December 2004. The following year on the 1st of September 2005, all high school students were allowed to join, just before, when on the 20th of September 2005, the company dropped the “the” from its name to become what we know it today as “Facebook.” That same year on the 1st of December 2005, membership skyrocketed to reach a colossal six million active users.

It had taken “Facebook” just 12 months to generate six million active users, a colossal achievement unheard of in the day. Today well, according to analysts,” Facebook” has 2.41 billion users spanning the globe, and to cater to these users, “Facebook” has at least 39,651 employees and is worth a staggering  $245 billion as of the 23rd of June 2015. Not bad considering its humble beginnings, just 15 years ago.

The young Zuckerberg

Born on the 14th of May 1984 in White Plains, New York, and raised by his father in Dobbs Ferry, New York, a small and quaint Westchester County village, he was raised in a Reform Jewish household. His parents Edward Zuckerberg, a dentist, and his mother, Karen née Kempner, both had ancestors hailing from Germany, Austria, and Poland. Apart from Mark, they also sired three girls, Randi, Donna, and Arielle. Randi Zuckerberg, Mark's sister, would later be persuaded by Mark Zuckerberg to become Facebook’s director of market development and spokesperson. Randi would, in August 2011, resign from Facebook to start up her own social media firm named “Zuckerberg Media,” where she has produced shows for the United Nations, “The Clinton Global Initiative,” Cirque du Soleil,” “Bravo’ and Conde Nast.” Like her Brother Mark Zuckerbridge, she has, in her own right, become one of the most sought-after business personalities, being ranked among the top 50 “Ditial Power Players” by “The Hollywood Reporter” in 2010.

For his part, Mark Zuckerberg excelled in classes while attending the Ardsley High School, so much so that his parents transferred him to attend the private “Phillips Exeter Academy” in the state of New Hampshire. Here he obtained prizes in astronomy, physics, mathematics, and classical studies, all of which he would use in later life, starting when he applied to go to Harvard College where he wrote on his application that he could read and write in Latin, Greek, Hebrew, and French.

It soon became evident that even from an early age, Mark Zuckerberg was going to become a master programmer and could, when he felt like it, implement projects virtually overnight, something he managed to do as soon as he started classes at Harvard.

In his sophomore year, while others were struggling to keep up to date with their course work, Zuckerburg overnight created a  program called “CourseMatch,” which allowed his fellow students to make class selection decisions based on other students to develop different study groups. Soon after, he created yet another site called “Facemash,” which allowed students to choose the best looking classmate from a list of student pictures, pictures taken from the school “FaceBook” yearbooks. He later said that he had created it for fun. Still, it proved so popular that Harvard College administers shut it down after a few days because it overloaded Harvard’s network switches, stopping students from accessing the internet. Yes, our future “Facebook” billionaire was well on his way.

Facebook revenue and advertising

Yes, from those very-small beginnings, Facebook has come of age, they are now number 76 in the “Fortune 500” (as of 2018), and most of their income comes from their mind-boggling advertising network, one analyst estimated that Facebook earns US$20.21 in advertising from every single Facebook user.

If the above sounds startling, then consider that in February of 2015, Facebook announced that it had reached two million advertisers, and most of these were small businesses. Then, just when you thought that Facebook could not get any larger, in March of 2016, Facebook made yet another announcement saying that their advertisers base had grown to a mega three million active advertisers, 70% of whom lived outside the United States.

Yep, our Mark did not do badly for a small $1,000 investment just 15 years ago. My only quarrel is that I did not go to Harvard back in 2004 if I had, who knows, I may have been a Facebook founder, still not to worry money is not everything even if it helps, and as my dear old dad once said: “If you have managed to smile in any one day, then you have had a good day.”

Many thanks to both; all of you for reading this short narrative is most appreciated. To America’s favorite place to shop online, BargainBrute.Com, home to the top online shopping deals seen anywhere on the internet. Pop over and give them a try and find out for yourselves just why they were voted the best place to shop online in 2019.

Kind Regards and have a safe but fun time on Facebook.

 

 

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