Mark Zuckerbergwas aHarvard computer science studentwhen he, along with classmates Eduardo Saverin,Dustin Moskovitz, and Chris Hughesinvented Facebook.Amazingly, the idea for the website, now the world's most popular social networking page, was inspired by a botchedeffort to get internet users to rate one another's photos.
Hot or Not?: The Origin of Facebook
In 2003,Zuckerberg, a second-year student at Harvard,wrote the software for a website calledFacemash. He put his computer science skills to questionable use by hacking into Harvard's security network, where he copied the student ID images used by the dormitories and used them to populate his new website. Website visitors could use Zuckerberg's site to compare two student photos side-by-side and determine who was "hot" and who was "not."
Facemash opened on October 28, 2003—and closed a few days later, after it was shut down by Harvard execs. In the aftermath, Zuckerberg faced serious charges of breach of security, violating copyrights, and violating individual privacy. Though he faced expulsion from Harvard for his actions, all charges against him were eventually dropped.
TheFacebook: An App for Harvard Students
On February 4, 2004, Zuckerberg launched a new website called TheFacebook. Henamed the site afterthe directories that were handed out to university students to help them to get to know one another better. Six days later, he got into trouble again when Harvard seniors Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra accused him of stealing their ideas for an intended social networking website called HarvardConnection. The claimants later filed a lawsuit against Zuckerberg, however, the matter was eventually settled out of court.
Membership to the website was at first restricted to Harvardstudents. Over time, Zuckerberg enlisted a few of his fellow students to help grow the website. Eduardo Saverin, for example, worked on the business end while Dustin Moskovitz was brought on as a programmer. Andrew McCollum served as the site's graphic artist and Chris Hughes became the de facto spokesperson. Together the team expanded the site to additional universities and colleges.
Facebook: The World's Most Popular Social Network
In 2004, Napster founder andangel investorSean Parker became the company's president. The company changed the site's name from TheFacebook to just Facebook after purchasing the domain name facebook.com in 2005 for $200,000.
The following year, venture capital firm Accel Partnersinvested $12.7 million in the company, which enabled the creation of a version of the network for high school students. Facebook would later expand to other networks, such as employees of companies. InSeptember of2006, Facebook announced that anyone who was atleast 13 years old and had a valid email address could join.By 2009, it had become the world'smost used social networking service, according to a report by the analytics site Compete.com.
While Zuckerberg's antics and the site's profits eventually led to him becomingthe world's youngest multi-billionaire, he's done his part to spread the wealth around. In 2010, he signed a pledge, along with other wealthy businessmen, to donate at least half of his wealth to charity.Zuckerberg and his wife, Priscilla Chan, havedonated $25 million toward fighting the Ebola virus and announced that they wouldcontribute 99% of their Facebook shares to theChan Zuckerberg Initiativeto improve lives through education, health, scientific research, and energy.
