Zuckerberg was born in 1984 in White Plains, New York. He began using computers and writing software in middle school.
While studying at Harvard, Zuckerberg built a “hot or not” website, called Facemash, that took online photos from facebooks of the college’s Houses. Users were then asked to select which one they thought was “hotter”. There was a massive backlash and Zuckerberg was banned from access to Harvard’s internet and accused of breaching security and individual privacy.
Initially launched as Thefacebook, Zuckerberg developed a website for college students to connect. Zuckerberg and his friends created a site that allowed users to create their own profiles, upload photos, and communicate with other users. The group ran the site—first called The Facebook—out of a dorm room at Harvard until June 2004.
Zuckerberg dropped out of college to devote himself to Facebook full time, by the end of 2004, Facebook had 1 million users.
Acquisition of Instagram, Oculus Rift, and WhatsApp
- In April 2012, acquired mobile photo sharing app Instagram for $1 billion in cash and stock.
- In March 2014, Facebook closed the acquisition of Oculus Rift for $2 billion. Facebook paid $400 million in cash plus 23.1m Facebook shares, with a further $300 million in incentives if it hits certain milestones in the future.
- In October 2014, Mark Zuckerberg completed the purchase of WhatsApp for $22 billion. Facebook paid $4.59 billion in cash and 177,760,669 shares in the company.
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