Facebook 's Impact On Social Media

1385 WordsApr 17, 20166 Pages
Facebook has made and still is making a huge impact in our social media. Facebook allows people to create their own profile, groups for certain clubs, schedule events, promote a growing business, and many other qualities that draw people in. Mark Zuckerberg is the well-known co-founder and CEO of the social-networking website Facebook. Zuckerberg is also one of the world’s youngest billionaires. Through Facebook he has become very wealthy. Mark Zuckerberg as our CEO because he is a very well know name and we want to show how he rose to level he is at now. Mark Zuckerberg is the well-known co-founder and CEO of the social-networking website Facebook. He has been working with Facebook for 12 years now. He does not do much for his job…show more content…
He was approached by the Winklevosse bros about helping with a dating website but he helped and then dropped their project. He also started Harvard Connection, which was designed to use information from student networks to create a dating site for Harvard. He had several interests but decided to drop out and make his own dating site. Mark Zuckerberg and his two friends started creating Facebook. They created their own profile, uploaded photos, and communicated with other users. He created Facebook within a week (Vital). Zuckerberg constantly had offers from different companies. Microsoft was one of the first companies to offer him money but he declined and walked away. Zuckerberg was offered $75 million from MTV but he walks away from it (Vital). He also got offers from Viacom, Yahoo, and Microsoft but declines all of them. Accel Partners invested $12.7 million into Facebook (Bio.com). Instead of accepting those offers he worked on expanding the site and adding more features. Zuckerberg had a big hurdle when Harvard Connection claimed that he had stolen their idea (Bio.com). The settlement reached between the two parties was $65 million over the legal dispute. Soon enough he finally opened Facebook up to the public in September 2006. Mark Zuckerberg has two personal business philosophies that he follows by. The first of his business philosophies is that he likes his businesses and employees to have a sense of
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