FACEBOOK A REVOLUTION IN MODERN ERA
I am doing a lot of Research and I came to know about so many new things about FACEBOOK.
Mark Elliot Zuckerberg
Public got access
Awards and recognition
Facebook, Inc. is an American online social media and social networking service company based at Menlo Park, California. Its website was launched on February 4, 2004, by Mark Zuckerberg along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes.
The founders initially limited the website’s membership to Harvard students and subsequently Columbia, Stanford, and Yale students. Membership was eventually expanded to the remaining Ivy League schools, MIT, and higher education institutions in the Boston area. Facebook gradually added support for students at various other universities, and eventually to high school students.
Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered user of Facebook, though variations exist in this requirement, depending on local laws.
Mark Elliot Zuckerberg
He was born on May 14, 1984, in White Plains, New York. His parents are Karen, a psychiatrist, and Edward Zuckerberg, a dentist. He and his three sisters, Randi, Donna and Arielle, were brought up in Dobbs Ferry, New York, a small Westchester County village about 21 miles north of Midtown Manhattan.
Born in New York, Zuckerberg attended Harvard University, where he launched Facebook from his dormitory room on February 4, 2004, with college roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes.
Originally launched to select college campuses, the site expanded rapidly and eventually beyond colleges, reaching one billion users by 2012.
In 2007 at age 23 he became the world’s youngest self-made billionaire. As of 2018, he is the only person under 50 in the Forbes ten richest people list, and the only one under 40 in the Top 20 Billionaires list.
Since 2010, Time magazine has named Zuckerberg among the 100 wealthiest and most influential people in the world as a part of its Person of the Year award. In December 2016, Zuckerberg was ranked 10th on Forbes list of The World’s Most Powerful People.
Zuckerberg wrote a program called “Facemash” in 2003 while attending Harvard University as a sophomore. According to The Harvard Crimson, the site was comparable to Hot or Not and used “photos placing two next to each other at a time and asking users to choose the “hotter” person”. Facemash attracted 450 visitors and 22,000 photo-views in its first four hours online. The Facemash site became popular but was shut down a few days later by the Harvard administration. Zuckerberg expanded on this initial project that semester by creating a social study tool ahead of an art history final exam. He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes.
“TheFacebook”, with the inspiration coming from an editorial in the Crimson about Facemash. “It is clear that the technology needed to create a centralized Website is readily available the benefits are many.” Zuckerberg met with Harvard student Eduardo Saverin, and each of them agreed to invest $1,000 in the site. On February 4, 2004, Zuckerberg launched “TheFacebook”, originally located at the facebook.com.
Public got access to Facebook
On September 26, 2006, Facebook was opened to everyone at least 13 years old with a valid email address. In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers). These started as group pages, but a new concept called company pages was planned. Pages began rolling out for businesses in May 2009. On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion. Microsoft’s purchase included rights to place international advertisements on the social networking site.
Traffic to Facebook increased steadily after 2009. The company announced 500 million users in July 2010, and according to its data, half of the site’s membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site by mobile. A company representative called the milestone a “quiet revolution.” In November 2010, based on Second Market Inc, Facebook’s value was $41 billion. The company had slightly surpassed
eBay to become the third largest American web company after Google and Amazon.com.
Awards and recognition
The website has won awards. Placement into the “Top 100 Classic Websites” by PC Magazine in 2007,
- Winning the “People’s Voice Award” from the Webby Awards in 2008,
- In a 2006 study conducted by Student Monitor, a company specializing in research concerning the college student market, Facebook was named the “second most popular thing among undergraduates,”
- In 2010, Facebook won the Crunchie “Best Overall Start up or Product” award for the third year in a row.
- In December 2008, the Supreme Court of the Australian Capital Territory ruled that Facebook is a valid protocol to serve court notices to defendants.
CEO Mark Zuckerberg announced in August 2008 that Facebook had passed 100 million registered users. This increased to 150 million “active” users in January 2009.
The number of users continued to grow, reaching 250 million in July 2009, 300 million in September 2009, 400 million in February 2010, and 500 million in July 2010. According to the company’s data at the July 2010 announcement, half of the site’s membership used Facebook daily, for an average of 34 minutes.
Mark Zuckerberg announced to the media at the start of October 2012 that Facebook had passed the monthly active users mark of one billion. The company’s data also revealed 600 million mobile users, 219 billion photo uploads, and 140 billion friend connections. This continued to grow, reaching 1.19 billion monthly active users in October 2013, 1.44 billion users in April 2015, of which 1.25 billion were mobile users, 1.71 billion users in July 2016, 1.94 billion users in March 2017, and ultimately 2 billion users in June 2017.
“Early in 2015, it was reported that teenagers preferred competing web sites such as Instagram and Snapchat. The estimated number of teens leaving Facebook was a million per year.”
FACEBOOK USERS BY AGE
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