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Success Story of Mark Zuckerberg

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Mark Zuckerberg was born on May 14, 1984, in White Plains, New York, and He was raised in nearby Dobbs Ferry. He was born into a well-educated family & developed an interest in computer programming at an early age.

Mark Zuckerberg, a name so universal among teenagers, is the youngest billionaire on the globe. Among the masses, he is known to be the founder & CEO of the most popular site famous as Facebook.

At the age of 12, Zuckerberg produced a messaging program named Zucknet that he implemented as an inter-office communication system for his father’s dental practice. Due to his early signs of success, his parents got him a computer programming tutor while he was unmoving in high school, and they enrolled him in a prep school in New Hampshire. Later than graduating from prep school, Zuckerberg enrolled at Harvard University.

Success Story
Based on his approval on campus, Zuckerberg combined with friends to make a social networking site that allowed Harvard students to connect with each other. The site formally went live in June 2004 under the name “The Facebook,” and Zuckerberg runs it out of his dorm room.

After his sophomore year, Zuckerberg dropped away from college to pursue what was next called Facebook full-time. The website has reached 1 million users by the end of 2004.

This explosion of user expansion attracted the attention of a lot of venture capital (VC) firms, and Zuckerberg ultimately moved out to Silicon Valley in 2005. Facebook received its first round of venture capital investments from VC firm Accel Partners, which invested $12.7 million in the site that was still just open to Ivy League students.

By the end of 2005, however, Facebook has opened up to students’ presence in other schools, causing the website to reach 5.5 million users. Since 2005, Facebook has received several acquisition offers from the likes of Yahoo & Microsoft, has been through legal battles, and has to a great extent increased its users. On July 25, 2018, Facebook released Q2 incomes. The business reported that every day active users averaged 1.47 billion for June 2018, an increase of 11% year-over-year. Monthly active users totaled 2.23 billion as of June 30, 2018, an enlarge of 11% year-over-year. As of July 30, 2018, the company has a marketplace cap of $483 billion. Zuckerberg owns 14.18 million Class A Facebook shares in a series of funds, as of July 25, 2018. He also owns 441.6 million Class B shares. With manage of nearly 89% of Class B shares, Zuckerberg holds 60% of voting rights in the company.

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