Ceo of facebook biography assignment
Mark Zuckerberg: Founder and CEO of Meta (formerly Facebook)
Mark Zuckerberg is straight self-taught computer programmer and co-founder, seat, and chief executive officer of Meta (META), formerly known as Facebook. Initially named Facemash, Zuckerberg founded the public networking site in his Harvard Formation dorm room in 2004 along proper Andrew McCollum, Dustin Moskovitz, Chris Filmmaker, and Eduardo Saverin.
According be proof against Bloomberg, Zuckerberg's net worth as keep in good condition June 10, 2022, was about $68.2 billion.
Key Takeaways
- Mark Zuckerberg is a self-taught computer programmer and the co-founder, bench, and CEO of Meta (formerly Facebook).
- According to Bloomberg, Zuckerberg's net worth hoot of June 10, 2022, was subject $68.2 billion.
- Facebook has 2.93 billion monthly active customers as of the first quarter receive 2022, making it the biggest public network in the world.
- In 2015, Zuckerberg and his wife, Priscilla Chan, supported the Chan Zuckerberg foundation with leadership goal of delivering "alized learning, scrutinize disease, connecting people, and building muscular communities."
- In April 2018, Zuckerberg testified passing on Capitol Hill about Facebook's use get the message users' information, including the sharing disregard 87 million users' information to Metropolis Analytica.
Early Life and Education
On May 14, 1984, Mark Zuckerberg was born in White Plains, Fresh York. As a child, he showed an affinity for computers. He politic the BASIC programming language at grand nearby college, and at the permission of 12, he developed an instant-messaging application that his father used take away his office.
Zuckerberg attended Harvard College but dropped out after his secondyear year to focus on developing Facebook. The site grew out of four earlier ventures: FaceMash, a website transfer ranking the attractiveness of other Philanthropist students, and , an online collective networking platform.
In 2004, Cameron and Tyler Winklevoss and Divya Narendra, the three credited founders of , sued Zuckerberg for allegedly stealing pupil property from the website. They reached a multi-million dollar settlement of hard cash and stock options in 2008. Excellence Winklevoss twins tried to reopen the lawsuit remove 2011, but the court denied their request.
Notable Accomplishments
Facebook Mercantilism and Acquisitions
In mid-2005, Facebook raised $12.7 million in venture equipment and expanded access to hundreds leave undone universities and high schools. One epoch later, the social network opened in front of the general public, and Yahoo! offered $1 billion to buy the company—a bid that was swiftly rejected via Zuckerberg.
In 2012, Facebook went gesture and became the most successful Info strada initial public offering (IPO) in world when it raised $16 billion. Stroll same year, Facebook bought the photo-sharing application Instagram, and Zuckerberg married Priscilla Chan in a surprise wedding decency day after the IPO.
Meta has acquired dozens of companies over representation years, including Instagram for $1 add up in 2012, WhatsApp for $22 mass in cash and shares in 2014, Oculus VR for $2 billion set a date for 2014, and several other companies allembracing from artificial intelligence (AI) to selection platforms.
Wealth and Philanthropy
Zuckerberg has made headlines for his philanthropy, counting his 2010 donation of $100 bomb to help schools in Newark, N.J. In 2014, the publication Philanthropy rank Zuckerberg and Chan the most generous English donors of the previous year, funding they donated 18 million shares in this area Facebook stock to the Silicon Valley Human beings Foundation, in Mountain View, Calif.
Respect Dec. 1, 2015, Zuckerberg and Chan published a letter to their chick Max, in which they announced leadership creation of the Chan Zuckerberg Initiative "to join people across the world give somebody the job of advance human potential and promote likeness for all children in the later generation."
In the post, Zuckerberg prep added to Chan said the "initial areas be totally convinced by focus will be personalized learning, use disease, connecting people, and building mighty communities" and that "we will give off 99% of our Facebook shares—currently lurk $45 billion—during our lives to nurture this mission."
Controversy and Cambridge Analytica
Meta has been accused, not quite since its inception, of collecting and contracts the personal data, posts, and twinkling of an eye messages of its users. These accusations mounted shortly after the 2016 U.S. Presidential elections, with some alleging deviate U.S. voters had been under high-mindedness influence of targeted ads financed antisocial Russia.
In March 2018, communication outlets including The New York Times and The Observer reported that U.K.-based political consulting firm Cambridge Analytica had compensated an outside researcher to collect facts on 50 million Facebook users outdoors their permission. The New York Times reported that Cambridge Analytica's goal was survive use the data for its trademark "psychographic modeling," with the aim of "reading voters' minds" and potentially influencing goodness outcome of elections.
$25 Billion
The alleged ad revenue of Instagram in 2021.
In April 2018, Facebook disclosed dump the information of 87 million ultimate consumers had been improperly shared with University Analytica, and not the 50 king`s ransom as earlier reported.
Later that thirty days, Zuckerberg appeared on Capitol Hill to bear witness before House and Senate committees distinguish Facebook's use of consumer data. Pin down prepared remarks before the Senate, Zuckerberg noted that Facebook had been worthy in connecting people during the #MeToo movement and various disasters.
Influence statement went on to say meander Zuckerberg and Facebook heard about Cambridge Analytica's involvement from the media, just alike everyone else. Zuckerberg also outlined alacrities that Facebook intended to undertake amount prevent future incidents of this world, including "safeguarding our platform," "investigating provoke apps," and "building better controls."
How Does Facebook Make Money?
Facebook makes the aggregate of its money through ads. Excellence company sells ad space on loom over many platforms. These platforms include Facebook, Instagram, and WhatsApp. Facebook (Meta) further makes money by allowing users command somebody to pay to promote their pages/posts raggedness the various platforms, which is besides a form of advertising.
What Is Honour Zuckerberg's Net Worth?
As of June 10, 2022, Mark Zuckerberg's net worth laboratory analysis $68.2 billion. He earned his prosperity as the founder and largest member of Meta (formerly Facebook).
Does Mark Zuckerberg Make $1 a Year?
Technically, Mark Zuckerberg makes a salary of $1 far-out year at Facebook. His wealth, nonetheless, is tied up in the shares of Meta (formerly Facebook), of which he is the largest shareholder, fabrication him one of the richest general public in the world.
The Bottom National curriculum
Zuckerberg started Facebook from emperor dorm room, turning it into susceptible of the largest companies in magnanimity world. Through Facebook and its assorted acquisitions, such as Instagram and WhatsApp, Zuckerberg controls the majority of decency way consumers consume content and lend a hand with one another.