Saturday, August 14, 2010

Behind the face

Facebook has become the largest social network of the world with more than over 500 million users.



Mark Zuckerberg founded Facebook initially for creating a network of a bunch of Harvard students. And its too surprising that it became a big hit in just a period of two weeks and much more students in Boston Area started demanding for such social network. After such a demand, Zuckerberg and his friends Dustin Moskowitz and Chris Hughes started working on it and after four months, 30 more colleges wereadded to Facebook network.


The idea of Facebook came in Zuckerberg’s mind from his high school activity. His high school was Phillip Exeter Academy. There in his school, a face book was passed to each student so that they could write their comments in that and which would help know their classmates for the coming year. This school activity idea was brought to internet by Zuckerberg which led to a revolution.

Then they found their first investor Peter Thiel who was the cofounder of PayPal and he invested $500,000 in Facebook.

Facebook kept opening its social network for different high schools and universities and then finally, Facebook started giving access to anyone with any email id in September 2006.

It was heard in summer of 2006 that Yahoo tried to buy the Facebook company for $1 billion and Zuckerberg had made a verbal agreement with Yahoo to sell his company but within a few days, Yahoo’s stock prices went down and it was paying only $800 million so Zuckerberg cancelled the deal. Later again Yahoo put up a bid for $1 billion but Zuckerberg refused and he had earlier too rejected lion with such a deal with Viacom for same $1 billion in March 2006.

Facebook has got to be the 6th website to have most traffic website in United States and top photo sharing website with more than 4.1 billion photos uploaded.

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