Mark Zuckerberg

The Definition Of ‘Mark Zuckerberg’

Mark Zuckerberg is a self-taught programmer and self-made multi-billionaire and co-founder, Chairman and CEO of Facebook, Inc. install which he founded in his Dorm room at Harvard University in 2004 along with Dustin moskovitam, Chris Hughes and Eduardo Saverina. According to Forbes, as of April 2018, net worth Zuckerberg is over 63 billion dollars. Facebook said in 2018, she 2,13 billion monthly active Facebook users as of 4th quarter of 2017.

Breaking Down The ‘Mark Zuckerberg’

Zuckerberg was born may 14, 1984, white plains, new York. He showed an early attraction to computers when he was 11, he took a College computer course, and when he was 12 years old, he has developed an app of instant messaging that his father used in his dental office.

Zuckerberg attended Harvard University, but dropped out after sophomore year to focus on developing Facebook. The website grew out of two previous projects: Facemash.com the website combines the ranking of attractiveness of other Harvard students, and HarvardConnection.com. In 2004 Cameron and Tyler Winklevoss and Divya Narendra sued him for allegedly stealing intellectual property HarvardConnection.com. They reached a multimillion-dollar settlement of cash and stock options in 2008. Gemini winklevoss tried to resume the trial in 2011, but the court rejected their request. (On topic: how Facebook makes money?)

IPO Facebook

In mid-2005, Facebook raised $12.7 million in venture capital and to expand access to hundreds of universities and high schools, and in the fall of 2006, Facebook was opened to the public. Yahoo offered to buy the company for $1 billion this year, but Zuckerberg refused.

In 2012, Facebook went public and became the most successful Internet IPO in history when it raised $ 16 billion. In the same year, Facebook bought the photo-sharing site Instagram, and Zuckerberg married Priscilla Chan in a wedding the day after the IPO.

Initiative Chan Zuckerberg

Zuckerberg made headlines for his philanthropy, including his 2010 donation of $100 million to help schools in Newark, new Jersey in 2014 year, the place of publication of philanthropy, Zuckerberg and Chan are the most generous American sponsors of the previous year, after they donated 18 million shares of Facebook stock to the Silicon valley community Foundation, in mountain view, California.

On Dec. 1, 2015, Zuckerberg published a “letter to our daughter” on Facebook, in which he announced the creation of the initiative Chan Zuckerberg, “to join people around the world to advance human potential and the promotion of equality for all children in the next generation. Our initial focus will be on individual training, treatment of disease, bringing people together and building strong communities… we give 99% of our shares of Facebook, currently about $ 45 billion-throughout our lives to achieve this mission.”

Disputes and Cambridge Analytics

Facebook blamed almost from the moment of its creation, collection and sale of personal data, messages, and instant messages to its users. These charges are set shortly after the US presidential elections in 2016, with some arguing that American voters were influenced by focused advertising, financed by Russia.

In March 2018, several media outlets, including the new York times and the observer reported that British political consulting company Cambridge Analytics paid external researchers collected data on almost 50 million users Facebook, without the knowledge of the users said. The new York times reported that the purpose of the Cambridge analyst was to use the data for its trademark “psychographic modeling,” objective “readings of voters minds” and the possible impact on the election outcome.

In April 2018, Facebook acknowledged that data collection probably extended to 87 million Facebook users, not 50 million, as reported.

Zuckerberg was brought before the house of representatives of the U.S. Congress oversight group on 11 April 2018, hearings on “use and protection of user data”. On April 9, two days before the hearing, Zuckerberg has released a written statement in which he indicated that Facebook was beneficial in connecting people in #Metoo traffic and various disasters. The statement said that Zuckerberg and Facebook heard about Cambridge Analytics from the media, like everyone else.

The statement sets out the actions that Facebook intends to take to prevent future similar incidents, including “the protection of our platform”, “the investigation of applications” and “building management”.

Acquisitions Facebook

Facebook has acquired dozens of companies over many years, including Instagram (2012, $1 billion), whatsapp (2014, for $19 billion), Oculus VR (2014, $2 billion), as well as a number of other companies, ranging from artificial intelligence to identify the platform.

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