Facebook - New way to connect to your community | technology article
Facebook - New way to connect to your community
Table of content:
1.1: about Facebook.
1.2: who created Facebook?
1.3: How it was created?
1.4: Relation between Facebook and Meta.
2.1: Scope.
2.2: Society
2.3: Economy.
About Facebook
Facebook is a social networking service originally launched as FaceMash on October 28, 2003, before changing its name to TheFacebook on February 4, 2004. It was founded by Mark Zuckerberg and college roommates and fellow Harvard University students, in particular Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The website's membership was initially limited by the founders to Harvard students but was expanded to other colleges in the Boston area, the Ivy League, and gradually most universities in the United States and Canada, corporations, and by September 2006, to everyone with a valid email address along with an age requirement of being 13 and older.
Who created Facebook?
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Mark Elliot Zuckerberg (/ˈzʌkərbɜːrɡ/; born May 14, 1984) is an American media magnate, internet entrepreneur, and philanthropist. He is known for co-founding the social media website Facebook and its parent company Meta Platforms (formerly Facebook, Inc.), of which he is the chairman, chief executive officer, and controlling shareholder.
Zuckerberg attended Harvard University, where he launched Facebook in February 2004 with his roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Originally launched to select college campuses, the site expanded rapidly and eventually beyond colleges, reaching one billion users by 2012. Zuckerberg took the company public in May 2012 with majority shares. In 2007, at age 23, he became the world's youngest self-made billionaire. As of March 2022, Zuckerberg's net worth was $74.5 billion according to the Forbes' Real-Time Billionaires.
Since 2008, Time magazine has named Zuckerberg among the 100 most influential people in the world as a part of its Person of the Year award, which he was recognized in 2010. In December 2016, Zuckerberg was ranked tenth on the Forbes list of The World's Most Powerful People.
How it was created
In January 2004, Zuckerberg began writing code for a new website. On February 4, 2004, Zuckerberg launched "Thefacebook", originally located at thefacebook.com, in partnership with his roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. An earlier inspiration for Facebook may have come from Phillips Exeter Academy, the prep school from which Zuckerberg graduated in 2002. It published its own student directory, "The Photo Address Book", which students referred to as "The Facebook". Such photo directories were an important part of the student social experience at many private schools. With them, students were able to list attributes such as their class years, their friends, and their telephone numbers.
Six days after the site launched, three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra, accused Zuckerberg of intentionally misleading them into believing he would help them build a social network called HarvardConnection.com, while he was instead using their ideas to build a competing product. The three complained to The Harvard Crimson, and the newspaper began an investigation in response. While Zuckerberg tried to convince the editors not to run the story, Zuckerberg broke into two of the editors' email accounts. He did it based on the editors' private login data logs from TheFacebook.
Following the official launch of the Facebook social media platform, the three filed a lawsuit against Zuckerberg that resulted in a settlement.[31] The agreed settlement was for 1.2 million Facebook shares and $20 million in cash.[32]
Zuckerberg's Facebook started off as just a "Harvard thing" until Zuckerberg decided to spread it to other schools, enlisting the help of roommate Dustin Moskovitz. They began with Columbia, New York University, Stanford, Dartmouth, Cornell, University of Pennsylvania, Brown, and Yale.[34]
Zuckerberg dropped out of Harvard in his sophomore year to complete the project.[35] Zuckerberg, Moskovitz, and the other co-founders moved to Palo Alto, California, where 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 in mid-2004. According to Zuckerberg, the group planned to return to Harvard, but they eventually decided to remain in California, where Zuckerberg appreciated the "mythical place" of Silicon Valley, the center of computer technology in California. They had already turned down offers by major corporations to buy the company. In an interview in 2007, Zuckerberg explained his reasoning: "It's not because of the amount of money. For me and my colleagues, the most important thing is that we create an open information flow for people. Having media corporations owned by conglomerates is just not an attractive idea to me." The same year, speaking at Y Combinator's Startup School course at Stanford University, Zuckerberg made a controversial assertion that "young people are just smarter" and that other entrepreneurs should bias towards hiring young people.
He restated these goals to Wired magazine in 2010: "The thing I really care about is the mission, making the world open." Earlier, in April 2009, Zuckerberg sought the advice of former Netscape CFO Peter Currie about financing strategies for Facebook. On July 21, 2010, Zuckerberg reported that the company reached the 500-million-user mark. When asked whether Facebook could earn more income from advertising as a result of its phenomenal growth, he explained:
I guess we could ... If you look at how much of our page is taken up with ads compared to the average search query. The average for us is a little less than 10 percent of the pages and the average for search is about 20 percent taken up with ads ... That's the simplest thing we could do. But we aren't like that. We make enough money. Right, I mean, we are keeping things running; we are growing at the rate we want to.
In 2010, Steven Levy, who wrote the 1984 book Hackers: Heroes of the Computer Revolution, wrote that Zuckerberg "clearly thinks of himself as a hacker". Zuckerberg said that "it's OK to break things" and "to make them better". Facebook instituted "hackathons" held every six to eight weeks where participants would have one night to conceive of and complete a project. The company provided music, food, and beer at the hackathons, and many Facebook staff members, including Zuckerberg, regularly attended. "The idea is that you can build something really good in a night", Zuckerberg told Levy. "And that's part of the personality of Facebook now ... It's definitely very core to my personality."
In 2007, Zuckerberg was added to MIT Technology Review's TR35 list as one of the top 35 innovators in the world under the age of 35. Vanity Fair magazine named Zuckerberg number 1 on its 2010 list of the Top 100 "most influential people of the Information Age". Zuckerberg ranked number 23 on the Vanity Fair 100 list in 2009. In 2010, Zuckerberg was chosen as number 16 in New Statesman's annual survey of the world's 50 most influential figures.
In a 2011 interview with PBS shortly after the death of Steve Jobs, Zuckerberg said that Jobs had advised him on how to create a management team at Facebook that was "focused on building as high quality and good things as you are".
On October 1, 2012, Zuckerberg visited Russian Prime Minister Dmitry Medvedev in Moscow to stimulate social media innovation in Russia and to boost Facebook's position in the Russian market.[49] Russia's communications minister tweeted that Prime Minister Dmitry Medvedev urged the social media giant's founder to abandon plans to lure away Russian programmers and instead consider opening a research center in Moscow. In 2012, Facebook had roughly 9 million users in Russia, while domestic clone VK had around 34 million. Rebecca Van Dyck, Facebook's head of consumer marketing, said that 85 million American Facebook users were exposed to the first day of the Home promotional campaign on April 6, 2013.
On August 19, 2013, The Washington Post reported that Zuckerberg's Facebook profile was hacked by an unemployed web developer.
At the 2013 TechCrunch Disrupt conference, held in September, Zuckerberg stated that he is working towards registering the 5 billion people who were not connected to the Internet as of the conference on Facebook. Zuckerberg then explained that this is intertwined with the aim of the Internet.org project, whereby Facebook, with the support of other technology companies, seeks to increase the number of people connected to the internet.
Zuckerberg was the keynote speaker at the 2014 Mobile World Congress (MWC), held in Barcelona, Spain, in March 2014, which was attended by 75,000 delegates. Various media sources highlighted the connection between Facebook's focus on mobile technology and Zuckerberg's speech, stating that mobile represents the future of the company. Zuckerberg's speech expands upon the goal that he raised at the TechCrunch conference in September 2013, whereby he is working towards expanding Internet coverage into developing countries.
Alongside other American technology figures like Jeff Bezos and Tim Cook, Zuckerberg hosted visiting Chinese politician Lu Wei, known as the "Internet czar" for his influence in the enforcement of China's online policy, at Facebook's headquarters on December 8, 2014. The meeting occurred after Zuckerberg participated in a Q&A session at Tsinghua University in Beijing, China, on October 23, 2014, where he attempted to converse in Mandarin Chinese; although Facebook is banned in China, Zuckerberg is highly regarded among the people and was at the university to help fuel the nation's burgeoning entrepreneur sector.[
Zuckerberg fielded questions during a live Q&A session at the company's headquarters in Menlo Park on December 11, 2014. The founder and CEO explained that he does not believe Facebook is a waste of time, because it facilitates social engagement, and participating in a public session was so that he could "learn how to better serve the community".
Zuckerberg receives a one-dollar salary as CEO of Facebook. In June 2016, Business Insider named Zuckerberg one of the "Top 10 Business Visionaries Creating Value for the World" along with Elon Musk and Sal Khan because he and his wife "pledged to give away 99% of their wealth—which is estimated at $55.0 billion."
On May 25, 2017, at Harvard's 366th commencement Day, Zuckerberg, after giving a commencement speech, received an honorary degree from Harvard.
In January 2019, Zuckerberg laid plans to integrate an end-to-end encrypted system for three major social media platforms, including Facebook, Instagram, and WhatsApp. On August 14, 2020, Facebook integrated the chat systems for Instagram and Messenger on both iOS and Android devices. The update encouraged cross-communication between Instagram and Facebook users.
Relation between Facebook and Meta
First, we needed to know what it metaverse? In the broadest terms, the metaverse is understood as a graphically rich virtual space, with some degree of verisimilitude, where people can work, play, shop, socialize — in short, do the things humans like to do together in real life (or, perhaps more to the point, on the internet).
Then, what is the relation between meta and Facebook? Facebook (the parent company) has changed its name to Meta, about the metaverse, which combines social media with virtual and augmented reality — this will be the company’s main focus moving forward.
The social media platform will still be called Facebook and won’t be affected by the rebranding.
Facebook Founder and Chief Executive Officer Mark Zuckerberg announced the executive changes at the company’s annual “Connect” conference on October 28, 2021, and stated that the tech giant would begin trading as “Meta Platforms” (or “Meta” for short).
Although the new parent company's corporate name will be Meta (which will have a new logo and corporate structure), the social media platform itself will retain the name Facebook. It remains to be seen if Facebook Reality Labs, the division of the company responsible for building the “metaverse” and developing different apps for it, will change its name as well.
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Google did a similar rebrand in 2015 when it established a holding company called Alphabet — the parent company of all of Google’s various holdings.
Scope
A commentator in The Washington Post noted that Facebook constitutes a "massive depository of information that documents both our reactions to events and our evolving customs with a scope and immediacy of which earlier historians could only dream". Especially for anthropologists, social researchers, and social historians—and subject to proper preservation and curation—the website "will preserve images of our lives that are vastly crisper and more nuanced than any ancestry record in existence".
Society
Facebook was one of the first large-scale social networks. In The Facebook Effect, David Kirkpatrick stated that Facebook's structure makes it difficult to replace, because of its "network effects".[neutrality is disputed] As of 2016, it is estimated that 44 percent of the US population gets news through Facebook.
Economy
Economists have noted that Facebook offers many non-rivalrous services that benefit as many users as are interested without forcing users to compete with each other. By contrast, most goods are available to a limited number of users. E.g., if one user buys a phone, no other user can buy that phone. Three areas add the most economic impact: platform competition, the marketplace, and user behavior data.
Facebook began to reduce its carbon impact after Greenpeace attacked it for its long-term reliance on coal and resulting carbon footprint. In 2021 Facebook announced that its global operations are supported by 100 percent renewable energy and they have reached net-zero emissions, a goal set in 2018.
Facebook provides a development platform for social gaming, communication, feedback, review, and other applications related to online activities. This platform spawned many businesses and added thousands of jobs to the global economy. Zynga Inc., a leader in social gaming, is an example of such a business. An econometric analysis found that Facebook's app development platform added more than 182,000 jobs to the U.S. economy in 2011. The total economic value of the added employment was about $12 billion.
Facebook is a great way to stay in touch with friends and family. It is also a great way to connect with other people who share your interests. Comment below to let us know what you think about Facebook.
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