How Facebook Started.
Back in 2004 in Harvard University, there was once a student by the name of Mark Zuckerberg. Back then, he was one of the most shocking and notorious students at Harvard. He knew how to code and it came to a point that he asked himself, “What if I build a website that rates girls by appearance?” He decided to build it and within no time it was up and running. Back then, He called it “The Facebook.” When he saw the amount of users it got, he decided to improve it. He improved and improved it but soon enough the school had heard about all that Mark Zuckerberg was doing and had just escaped the jaws of expulsion from the school administration.
By then, it was now know as Face Mash but the domain was: “thefacebook.com” Six days after “TheFacebook” was made live by Zuckerberg and co-founders Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, they faced accusations by Cameron and Tyler Winklevoss and Divya Narendra that the idea for the site had been stolen from them.
According to the Winklevoss twins, they had approached Zuckerberg asking for his assistance in creating a social network for Harvard students called “Harvard Connection”.
Following a lawsuit filed against Zuckerberg, eventually all three received a settlement in 2008 that included 1.2 million shares in the company each.
Facebook proved extremely popular with Harvard students when it was first launched, so much so that the site was soon also made available to students at other nearby places before expanding.
By September 26 2006, anyone in the world could make themselves a Facebook account, as long as they were at least 13 years old and had a valid, authorised email address.
After one year of Facebook going live to the world it was now renamed and known as “Facebook”.
As of today, their HQ is at Menlo Park in California, United States. Having been chief financial officer and business manager for Facebook since its conception, Eduardo Saverin was reportedly cut from Facebook by Zuckerberg in 2005 and had his shares in the company diluted.
This led to Eduardo Saverin filing a lawsuit against Facebook, which was settled outside of court.
In today’s world Facebook is one of the biggest companies in the world with 5 billion downloads in the app store. It now owns Oculus, Instagram, Whatsaap and many more.
The founder, Mark Zuckerberg is now worth 99.1 billion dollars according to Forbes and Eduardo Saverin is worth 14.9 billion dollars according to Forbes.
Byee!!!
