Mark Zuckerberg - Thebiographypage (2024)

(1984-)

Who Is Mark Zuckerberg?

Mark Zuckerberg co-foundedthe social-networking website Facebookout of his college dorm room at Harvard University. Zuckerberg left college after his sophom*ore year to concentrate on the site, the user base of which has grown to more than two billion people, making Zuckerberg a billionaire many times over. The birth of Facebook was portrayed in the 2010 filmThe Social Network.

Early Life

Zuckerberg was born on May 14, 1984, in White Plains, New York, into a comfortable, well-educated family. He was raised in the nearby village of Dobbs Ferry.

Zuckerberg’s father, Edward Zuckerberg, ran a dental practice attached to the family’s home. His mother, Karen, worked as a psychiatrist before the birth of the couple’s four children — Mark, Randi, Donna and Arielle.

Zuckerberg developed an interest in computers at an early age; when he was about 12, he used Atari BASIC to create a messaging program he named “Zucknet.” His father used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room. The family also used Zucknet to communicate within the house.

Together with his friends, he also created computer games just for fun. “I had a bunch of friends who were artists,” he said. “They’d come over, draw stuff, and I’d build a game out of it.”

Mark Zuckerberg’s Education

To keep up with Zuckerberg’s burgeoning interest in computers, his parents hired private computer tutor David Newman to come to the house once a week and work with Zuckerberg. Newman later told reporters that it was hard to stay ahead of the prodigy, who began taking graduate courses at nearbyMercy Collegearound this same time.

Zuckerberg later studied atPhillips Exeter Academy, an exclusive preparatory school in New Hampshire. There he showed talent in fencing, becoming the captain of the school’s team. He also excelled in literature, earning a diploma in classics.

Yet Zuckerberg remained fascinated by computers and continued to work on developing new programs. While still in high school, he created an early version of the music software Pandora, which he called Synapse.

Several companies—including AOL and Microsoft—expressed an interest in buying the software, and hiring the teenager before graduation. He declined the offers.

Mark Zuckerberg’s College Experience

After graduating from Exeter in 2002, Zuckerberg enrolled atHarvard University. After his sophom*ore year, Zuckerberg dropped out of college to devote himself to his new company, Facebook, full time.

By his sophom*ore year at the Ivy League institution, he had developed a reputation as the go-to software developer on campus. It was at that time that he built a program called CourseMatch, which helped students choose their classes based on the course selections of other users.

He also invented Facemash, which compared the pictures of two students on campus and allowed users to vote on which one was more attractive. The program became wildly popular, but was later shut down by the school administration after it was deemed inappropriate.

Based on the buzz of his previous projects, three of his fellow students—Divya Narendra, and twins Cameron and Tyler Winklevoss—sought him out to work on an idea for a social networking site they called Harvard Connection. This site was designed to use information from Harvard’s student networks in order to create a dating site for the Harvard elite.

Zuckerberg agreed to help with the project, but soon dropped out to work on his own social networking site, The Facebook.

Mark Zuckerberg and Founding Facebook

Zuckerberg and his friends Dustin Moskovitz, Chris Hughes and Eduardo Saverin created The Facebook, a site that allowed users to create their own profiles, upload photos, and communicate with other users. The group ran the site out of a dorm room at Harvard University until June 2004.

That year Zuckerberg dropped out of college and moved the company to Palo Alto, California. By the end of 2004, Facebook had 1 million users.

In 2005, Zuckerberg’s enterprise received a huge boost from the venture capital firm Accel Partners. Accel invested $12.7 million into the network, which at the time was open only to Ivy League students.

Zuckerberg’s company then granted access to other colleges, high school and international schools, pushing the site’s membership to more than 5.5 million users by December 2005. The site began attracting the interest of other companies that wanted to advertise with the popular social hub.

Not wanting to sell out, Zuckerberg turned down offers from companies such as Yahoo! andMTV Networks. Instead, he focused on expanding the site, opening up his project to outside developers and adding more features.

‘Harvard Connection’ and Legal Hurdles

Zuckerberg seemed to be going nowhere but up. However, in 2006, the business mogul faced his first big hurdle: the creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses.

Zuckerberg maintained that the ideas were based on two very different types of social networks. After lawyers searched Zuckerberg’s records, incriminating instant messages revealed that Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection and offered Facebook users’ private information to his friends.

Zuckerberg later apologized for the incriminating messages, saying he regretted them. “If you’re going to go on to build a service that is influential and that a lot of people rely on, then you need to be mature, right?” he said in an interview withThe New Yorker. “I think I’ve grown and learned a lot.”

Although an initial settlement of $65 million was reached between the two parties, the legal dispute over the matter continued well into 2011, after Narendra and the Winklevosses claimed they were misled in regards to the value of their stock.

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‘The Social Network’ Movie

In 2010, screenwriter Aaron Sorkin’s movieThe Social Networkwas released. The critically acclaimed film received eight Academy Award nominations.

Sorkin’s screenplay was based on the 2009 bookThe Accidental Billionaires, by writer Ben Mezrich. Mezrich was heavily criticized for his re-telling of Zuckerberg’s story, which used invented scenes, re-imagined dialogue and fictional characters.

Zuckerberg objected strongly to the film’s narrative, and later told a reporter atThe New Yorkerthat many of the details in the film were inaccurate. For example, Zuckerberg had been dating his longtime girlfriend since 2003. He also said he was never interested in joining any of the final clubs.

“It’s interesting what stuff they focused on getting right; like, every single shirt and fleece that I had in that movie is actually a shirt or fleece that I own,” Zuckerberg told a reporter at a startup conference in 2010. “So there’s all this stuff that they got wrong and a bunch of random details that they got right.”

Yet Zuckerberg and Facebook continued to succeed, in spite of the criticism.Timemagazine named him Person of the Year in 2010, andVanity Fairplaced him at the top of their New Establishment list.

Facebook IPO

In May 2012, Facebook had its initial public offering, which raised $16 billion, making it the biggest Internet IPO in history.

After the initial success of the IPO, the Facebook stock price dropped somewhat in the early days of trading, though Zuckerberg is expected to weather any ups and downs in his company’s market performance.

In 2013, Facebook made theFortune500 list for the first time—making Zuckerberg, at the age of 28, the youngest CEO on the list.

Fake News and Cambridge Analytica Scandal

Zuckerberg was criticized for the proliferation of fake news posts on his site leading up to the 2016 U.S. presidential election. In early 2018, he announced a personal challenge to develop improved methods for defending Facebook users from abuse and interference by nation-states. (Previous personal challenges began in New Year’s 2009 and have included only eating meat he killed himself and learning to speak Mandarin.)

“We won’t prevent all mistakes or abuse, but we currently make too many errors enforcing our policies and preventing misuse of our tools,” he wrote on his Facebook page. “If we’re successful this year then we’ll end 2018 on a much better trajectory.”

Zuckerberg came under fire again a few months later when it was revealed that Cambridge Analytica, a data firm with ties to PresidentDonald Trump’s 2016 campaign, had used private information from approximately 87 million Facebook profiles without the social network alerting its owners. The resulting outcry seemed to shake investors’ confidence in Facebook, its shares dropping by 15 percent after the news became public.

Following a few days’ silence, Zuckerberg surfaced on various outlets to explain how the company was taking steps to limit third-party developers’ access to user information, and said he would be happy to testify before Congress.