All the time we talk about startups. There is a pretty big number of enterprises that started their activity as a startup. one example of that type of enterprises is actual king of the social media - Facebook.
While being a student at the Harvard University, Mark Zuckerberg created the network - Facemash.com, after his girlfriend left him. it took him only few hours to create that network and initially that was only available for Harvards' students.
The pictures were taken from "facebooks", internal websites providing information about students belonging to nine Harvard homes. Zuckerberg gained these pictures by hacking on the servers of individual Facebook, which he would carefully describe on his blog, gaining on the occasion of students' reluctance, as well as disciplinary proceedings. However, the weakness and small functionality of the official websites were to prompt Zuckerberg to create his own facebook, universal for all students of his university. "The Facebook" - because that's what the service was originally named.
For the first month The Facebook was available only to Harvard students - during that period, almost half of students registered there. In March 2004, the siteas well was available in Stanford, Columbia and Yale, and soon after - for most universities in the United States and Canada. In the meantime, Sean Parker became interested in the project. Within a dozen or so months of its inception, the website has developed, gaining further functions. First of all, there was the possibility of publishing photos. Later, it joined the mobile version of the site, and in parallel with the opening of the registration - News Feed - this is probably the most important function of the website.
When a 100-millionth user arrived, in 2008, it was still not the largest social networking site in the world. It was preceded by the MySpace founded in 2003, which started losing users a moment later. MySpace was not able to react quickly to the changing market needs and quickly lost to an effective and expressively developing startup, which raised funds from investors in subsequent private financing rounds.
Facebook is constantly evolving, as exemplified by the latest announcements. The stock market value of Facebook has reached the highest level in history. Currently, the price of one Facebook share is over $ 200, and the company is valued at over 588 billion. Mark Zuckerberg is currently fourth in the billionaire index run by Bloomberg, and is located just behind Warren Buffett. He is also on the 5th place in the ranking of the richest people in the world of Forbes magazine.
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