Zuckerberg

Mark Elliot Zuckerberg,

Mark Zuckerberg
Zuckerberg at South by Southwest in 2008.
Born	Mark Elliot Zuckerberg May 14, 1984 (age 26) White Plains, New York
Nationality	American
Education	Phillips Exeter Academy attended Harvard College
Occupation	Co-founder, CEO & President ofFacebook
Net worth	▲ US$6.9 billion (2010)

The Mark Elliot Zuckerberg (born May 14, 1984) is an American entrepreneur who co-founded the social networking site Facebook. Zuckerberg co-founded Facebook with fellow classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes while attending Harvard. He is a billionaire due to his 24% share of Facebook.

Personal life

Zuckerberg was born in White Plains, New York and raised in Dobbs Ferry, New York. Zuckerberg's parents are Jewish,but he considers himself an atheist. He started programming when he was in middle school. Early on, Zuckerberg enjoyed developing computer programs, especially communication tools and games. Before attending Phillips Exeter Academy beginning in his junior year of high school, he went to school at Ardsley High School.

He transferred to Phillips Exeter Academy where he immersed himself in Latin. He also built a program to help the workers in his father's office communicate; he built a version of the game Risk, and under the company name Intelligent Media Group, he built a music player named the Synapse Media Player that used artificial intelligence to learn the user's listening habits, which was posted to Slashdot and received a rating of 3 out of 5 from PC Magazine.Microsoft and AOL tried to purchase Synapse and recruit Zuckerberg, but he decided to attend Harvard College instead, which he attended in September 2002, and where he joined Alpha Epsilon Pi, a Jewish fraternity. In college, he was known for reciting lines from epic poems such as The Iliad.

Facebook

Zuckerberg (right) with Robert Scoble in 2008.

Founding

Zuckerberg launched Facebook from his Harvard dormitory room on February 4, 2004. The idea for Facebook came from his days at Phillips Exeter Academy, which, like most colleges and prep schools, had a long-standing tradition of publishing an annual student directory with headshot photos of students, faculty and staff known as the "Facebook". Once at college, Zuckerberg's Facebook started off as just a "Harvard thing" until Zuckerberg decided to spread Facebook to other schools, enlisting the help of roommate Dustin Moskovitz. They first spread it to Stanford, Dartmouth, Columbia, New York University, Cornell, Brown and Yale, and then to other schools with social contacts with Harvard.

Zuckerberg moved to Palo Alto, California, with Moskovitz and some friends. They leased a small house that served as an office. Over the summer, Zuckerberg met Peter Thiel who invested in the company. They got their first office during the summer of 2004. According to Zuckerberg, the group planned to return to Harvard in the fall but eventually decided to remain in California.

Wirehog

A month after Facebook launched in February 2004, i2hub, another campus-only service, created by Wayne Chang, was launched. i2hub focused on peer-to-peer file sharing. At the time, both i2hub and Facebook were gaining the attention of the press and growing rapidly in users and publicity. In August 2004, Zuckerberg, Andrew McCollum, Adam D'Angelo, and Sean Parker launched a competing peer-to-peer file sharing service called Wirehog. It was a precursor to Facebook Platform applications. Traction was low compared to i2hub and Facebook ultimately shut Wirehog down the following summer.

Platform and Beacon

On May 24, 2007, Zuckerberg announced Facebook Platform, a development platform for programmers to create social applications within Facebook. Within weeks, many applications had been built and some already had millions of users. It grew to more than 800,000 developers around the world building applications for Facebook Platform. On July 23, 2008, Zuckerberg announced Facebook Connect, a version of Facebook Platform for users.

On November 6, 2007, Zuckerberg announced a new social advertising system called Beacon, which enabled people to share information with their Facebook friends based on their browsing activities on other sites. For example, eBay sellers could let friends know automatically what they have for sale via the Facebook news feed as they list items for sale. The program came under scrutiny because of privacy concerns from groups and individual users. Zuckerberg and Facebook failed to respond to the concerns quickly, and on December 5, 2007, Zuckerberg wrote a blog post on Facebook taking responsibility for the concerns about Beacon and offering an easier way for users to opt out of the service.

ConnectU lawsuits

ConnectU

Harvard students Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra accused Zuckerberg of intentionally making them believe he would help them build a social network called HarvardConnection.com (later called ConnectU). They filed a lawsuit in 2004 but it was dismissed on a technicality on March 28, 2007. It was refiled soon thereafter in federal court in Boston, and a hearing was scheduled for July 25, 2007, to address Zuckerberg's motion to dismiss. At the hearing the judge told ConnectU that parts of complaint were deficient and gave them leave to file an amended complaint. Facebook countersued in regards to Social Butterfly, a project put out by The Winklevoss Chang Group, an alleged partnership between ConnectU and i2hub. It named among the defendants ConnectU, Cameron Winklevoss, Tyler Winklevoss, Divya Narendra, and Wayne Chang, founder of i2hub. The parties reached a confidential settlement agreement in February 2008. On June 25, 2008, the case settled and Facebook agreed to transfer over 1.2 million common shares and pay $20 million in cash. In May 2010, it was reported that the ConnectU founders were accusing Zuckerberg of securities fraud for misrepresenting the value of the shares. The founders were under the impression they were worth $45 million. However, that understanding was based on a valuation of preferred shares, whereas the founders had only received common shares. The effect was that the shares given to the founders as part of the settlement were worth 75% less than Facebook had led them to believe, and the overall cash-and-stock deal worth 50% less.

In November 2007, confidential court documents were posted on the website of Harvard alumni magazine 02138. They included Zuckerberg's social security number, his parents' home address, and his girlfriend's address. Facebook filed to have the documents removed, but the judge ruled in favor of 02138.

Pakistan criminal investigation

In June 2010, Deputy Attorney General Muhammad Azhar Sidiqque of the Islamic Republic of Pakistan launched a criminal investigation into Zuckerberg and Facebook co-founders Dustin Moskovitz and Chris Hughes after a "Draw Muhammad" contest was hosted on Facebook. The investigation also named the anonymous German woman who created the contest. Sidiqque asked the country's police to contact Interpol to have Zuckerberg and the three others arrested for blasphemy. On May 19, 2010, Facebook's website was temporarily blocked in Pakistan until Facebook removed the contest from its website at the end of May. Sidiqque also asked its United Nations representative to raise the issue with the United Nations General Assembly. No formal charges have been filed against Zuckerberg.

Paul Ceglia

On June 30, 2010, Paul Ceglia, the owner of a wood pellet fuel company in Allegany County, New York, filed a lawsuit against Zuckerberg, claiming 84% ownership of Facebook and seeking monetary damages. According to Ceglia, he and Zuckerberg signed a contract on April 28, 2003 that for an initial fee of $1,000 entitled Ceglia to 50% of the website's revenue, as well as an additional 1% interest in the business per day after January 1, 2004, until website completion. Zuckerberg was developing other projects at the time, among which was Facemash, the predecessor of Facebook, but did not register the domain name thefacebook.com until January 1, 2004. Facebook management dismissed the lawsuit as "completely frivolous". Facebook spokesman Barry Schnitt told a reporter that Ceglia's counsel had unsuccessfully attempted to seek an out-of-court settlement. In an interview with ABC World News, Zuckerberg stated he was confident of never signing such an agreement. At the time, Zuckerberg worked for Ceglia as a code developer on a project named "StreetFax". Judge Thomas Brown issued a restraining order on all financial transfers concerning ownership of Facebook until further notice; in response, Facebook removed the case to federal court and asked that the state court injunction be dissolved. According to Facebook, the injunction would not affect their business but lacked any legal basis.

Depictions in media

A movie based on Zuckerberg and the founding years of Facebook, called The Social Network, will be released on October 1, 2010, and stars Jesse Eisenberg as Zuckerberg. After Zuckerberg was told about the film, he responded, "I just wished that nobody made a movie of me while I was still alive." Also, after the film's script was leaked on the Internet and it was apparent that the film would not portray Zuckerberg in a wholly positive light, he stated that he wanted to establish himself as a "good guy".

The Social Network is based on the book The Accidental Billionaires by Ben Mezrich, which the book's publicist once described as "big juicy fun" rather than "reportage." The film's screenwriter Aaron Sorkin told New York magazine, "I don’t want my fidelity to be to the truth; I want it to be to storytelling," adding, "What is the big deal about accuracy purely for accuracy’s sake, and can we not have the true be the enemy of the good?"

According to Sorkin's script, Zuckerberg created Facebook to elevate his stature after not getting into any of the elite final clubs at Harvard. Yet Zuckerberg told The New Yorker he had no interest in joining the final clubs.

An episode of The Simpsons in which Zuckerberg plays himself is expected to air in fall 2010. In the episode, "Loan-A Lisa," Lisa Simpson and her friend Nelson encounter Zuckerberg at an entrepreneurs' convention.

Philanthropy

On September 22, 2010, it was reported that Zuckerberg had arranged to donate $100 million to the Newark, New Jersey, school system.

(source:wikipeia)