Global
business
leader

About the author
▪ ERIC JONES (born 21 September 1936) is a
British-Australian economist and historian
▪ Eric Jones specialized in economic history
, global economics, international
affairs and economic systems, particularly
in those of theAsian-Pacific region.
▪ Eric Jones is the author of numerous
articles and several books.

About the Mark Zuckerberg
▪ Mark Elliot Zuckerberg is an American
technology entrepreneur and philanthropist best
known for co-founding and leading Facebook, as
its chairman and chief executive officer
▪ Net worth: 7,420 crores USD (2018 )
▪ Born: 14 May 1984 (age 33 years)
▪ Jewish family
▪ His dad is dentist and his mom is a doctor

Education & Social Life
Zuckerberg started his high school
education at Ardsley High School in
Ardsley, New York, but he found that this
school wasn’t challenging him enough so
he transferred to Phillips Exeter Academy,
a boarding school in Exeter, New
Hampshire
After graduating high school, he attended
Harvard University but dropped out after his
sophomore year

Started programming in middle school and
he was very interested in creating
communication programs and games
Created a communication program to help
the workers in his dad’s office and a
computer version of the game Risk
He also created a music program called
Synapse which used artificial intelligence to
learn about the user’s listening habits
Cont’d..

Because of Synapse, Microsoft and AOL
tried to recruit Zuckerberg and buy his
program but he decided to go to Harvard
instead
While at Harvard he joined the jewish
fraternity Alpha Epsilon Pi and was known
for reciting lines from epic poems such as
The Illiad
Cont’d..

Where did the name come from?
▪ An actual facebook is a student directory that
is published by a school every year with
pictures of all students faculty and staff
▪ These facebooks were a very common
thing among most colleges and prep
schools

 OnOctober 28, 2003 Zuckerberg was blogging about a girl who
had dumped him when he got the idea to createFacemash
 Facemash was a Harvard version of Hot or Not. It compared two
peopleand the users voted on which one was “hotter”
 Zuckerberg hacked into Harvard’s computer network to obtain
the pictures of students from the different dorm’s online
facebooks
 The site was shut down a few days later by the Harvard
administration and Zuckerberg faced expulsion but the
charges weredropped
 Later that semester he expanded on his initial site by uploading
images for an art history final and allowing comments on the
images so the students could share their notes. The professor
said it had the best grades of anyfinal he had ever given
How it began and bumps along the way

 Inspired by an article in The HarvardCrimson about the Facemash
incident, Zuckerberg started writing code for a new site
 On February 4, 2004 he launched thefacebook.com
 Within 24 hours the site had between 12 and 15 hundred
members
 Membership was originally restricted to Harvard students
but gradually expanded to most colleges in the US and
Canada
 In 2004 the company incorporated and moved to PaloAlto,
California.Sean Parker, who had been advising Zuckerberg
became the company’s president
 The company bought the domain name facebook for
$200,000 in2005 dropping the the from the name

 On September 26, 2006 Facebook opened to everyone over
the age of 13 with a valid e-mail address
 Soon after facebook was first created, three Harvard seniors
accused Zuckerberg of stealing their idea for the site.Their site
was going to becalled HarvardConnection.com.
 Zuckerberg had originally planned to help them with their site
but healready had facebook in the works when they wanted
him to make HarvardConnection
 A few month after thefacebook.com was launched they
launched their site which they called ConnectU instead of
HarvardConnection
 In September 2004 ConnectU sued Zuckerberg for allegedly
stealing their idea. In February 2008 they agreed to settle the
suit but in June of thesame year ConnectU appealed the
settlement accusing facebook of trading its stock without
disclosing material information. This appeal is ongoing.

The very first investor in Facebook was
technically Zuckerberg’s friend from Harvard,
Eduardo Saverin. He invested $15,000 to pay for
the first servers
Although Saverin was the really the first, the
person who gets the most credit for being the
first investor is PeterTheil, former PayPalCEO,
who invested $500,000 in June 2004
The Financial Side

Zuckerberg Today
Zuckerberg has a net worth of $4
billion
He is the youngest billionaire in the
world at the age of 25
212 richest person on the Forbes
richest people list

Facebook’s Mission
Zuckerberg created Facebook as a way
for people to share information and
access information. If they have
the ability to do this they are able
to connect more with the people
around them and understand more of
what is going on in their world.

Interesting Facts
 Microsoft wanted to invest in Facebook but was originally
turned down.Now they own 1.6% of the company’sshares
 Facebook has over 500 full time employees and is worth about $15
billion
 He was approached by several companies with job offers (including
AOL and Microsoft) before he even graduated high school, but
Zuckerberg turned them all down.
 Zuckerberg first launched Facebook from his dormitory at Harvard
University.
 He dropped out of Harvard University after his sophomore year to
continue working on Facebook.

EVOLUTION OF FACEBOOK