How was Facebook built?

When Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes came up with the idea for Facebook, they were all studying computer science at Harvard. Surprisingly, the world’s most popular social networking site was inspired by a failed attempt to get people on the internet to rate each other’s photos.

How Facebook got started: Was it hot or not?

In 2003, when Zuckerberg was in his second year at Harvard, he wrote the code for the website Facemash. He did something terrible with his knowledge of computer science by breaking into Harvard’s security network. He used the photos on the student IDs from the dorm to make his new website. On Zuckerberg’s website, users could look at two pictures of students side by side and decide which was “hot” and which was “not.”

Facemash came out on October 28, 2003, but Harvard administrators shut it down just a few days later. After the event, Zuckerberg was accused of significant security breaches, stealing other people’s ideas, and breaking people’s privacy. Because of what he did, he was told he could be kicked out of Harvard, but all charges were dropped.

Students made the Facebook app at Harvard:

On February 4, 2004, Zuckerberg showed off a brand-new website called TheFacebook. He named the website after the directories sent to college students so they could learn more about each other. Six days later, three Harvard juniors named Tyler, Cameron, and Divya Winklevoss accused him of stealing their ideas for the upcoming social networking site HarvardConnection. This got him in trouble again. The claimants later sued Zuckerberg, but they were able to settle out of court.

At first, only Harvard students could sign up for the website. Zuckerberg finally asked a couple of his classmates to help him grow the website. For example, Dustin Moskovitz joined as a coder, and Eduardo Saverin worked on the business side. Andrew McCollum was in charge of the site’s look, and Chris Hughes was its unofficial spokesperson. More colleges and universities were added to the website.

More people use Facebook than any other social media platform:

In 2004, Sean Parker, who made Napster and was an angel investor, became the company’s president. After paying $200,000 for the domain name facebook.com, the company changed the name of its website from TheFacebook to just Facebook.  The following year, venture capital firm Accel Partners gave the startup $12.7 million, which allowed it to create a network just for high school students. 1 Facebook’s reach would include other groups, like corporate employees. Facebook said in September 2006 that anyone overYou had to be 13 with a working email address to sign up. According to a survey done by the analytics website Compete.com, it will be the world’s most popular social networking site by 2009. 

Because of his tricks and the site’s success, Zuckerberg became the world’s youngest multi-billionaire at 33. He has also done his part to share the wealth. In 2010, he and other wealthy business people promised to give at least half their money to charity. The Chan Zuckerberg Initiative aims to improve people’s lives by investing in education, health, scientific research, and energy. Zuckerberg and his wife, Priscilla Chan, have given $25 million to help fight the Ebola virus. They have also promised to provide 99% of their Facebook shares to the cause. 4 Howdy, and welcome to Thefacebook!

We soon saw the first version of a business that is almost everywhere now. In February 2004, Thefacebook began. The name of the platform was a bit strange. It had a profile page where people could talk about what they liked, share photos, and connect with others. There was also a network diagram of the people you knew.

Half of the students had done so in the first month that anyone with a Harvard email address could sign up. But Zuckerberg had to take care of a big issue right away. Someone was suing him. Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra, all of whom went to school with Zuckerberg, have worked on a similar project. He quit his job in the end so he could focus on Facebook. But his former coworkers say he stole their ideas and plans, and they want him to pay them back.

In 2008, they finally came to a deal, and each of the three got 1.2 million shares in the Facebook company. At the time of the IPO, these were worth $300 million, but more later. Facebook has become more and more popular over time. By the end of 2004, almost all universities in the U.S. and Canada could join, and there was a lot of interest in doing so.

In June of the same year, Zuckerberg moved the company’s headquarters to Palo Alto, California, and got a lot of money for it. Peter Thiel, who helped start PayPal, joined the board and gave $500,000. In May 2005, Facebook was offered more money. This time, Accel put in $12.7 million, and Jim Breyer, a venture capitalist, put in $1 million from his own money.Lots of people are paying attention now.The company dropped the “the” in August and changed its name to Facebook. The domain name facebook.com costs $200,000 to buy. Next month, high school students and people who work for Microsoft and Apple will be able to join. The company was now ready to work with people other than students. Then, in November, Zuckerberg made a significant choice. After taking a break for the semester and making a quick stop to hire some new staff, he told Harvard that he was leaving for good. After getting a lot of money and more members, Zuckerberg was ready to stop programming and focus on running his company as CEO.

Since 2004, Facebook:

In February 2014, Facebook turned ten years old. Since the Harvard dorms, a lot of significant progress has been made. Then what happened? People who were solid and mobile were the first. Facebook has been pushing for a good mobile experience for a long time. This strategy worked because 1 billion people went to the site on their phones in the first three months of the year. An essential purchase was also made. In February 2014, Facebook said it would buy WhatsApp for a whopping $19 billion. Even though Facebook already had a messaging service, buying WhatsApp gave it access to younger and more international users.

The following month, another big purchase was made. This time, it’s Oculus VR, a company that works with virtual reality. In a blog post, Facebook CEO Mark Zuckerberg stated that the oculus VR headset will “allow for much more useful, fun, and personal experiences.” In April, things changed in a big way. Facebook made Messenger its app even though it already had a similar service. This is for people who have to download it on their own before they can use it. As of April 2017, 1.2 billion people used Messenger every day.

But only some things were fine. In June 2014, it was found that Facebook used its users as subjects for experiments. The platform picked the content it showed you to try to change your mood. It wasn’t a surprise that many people didn’t like being tested. In response to complaints, Facebook said it would change the way it does experiments, but it didn’t say sorry. By September, the market value of Facebook had grown to $200 billion, showing that the company was still doing well financially.