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Mark Zuckerberg. With close to 600 million users, Facebook is the third largest country on earth Its membership is currently growing at the rate of about 7,00,000 people a day 70% of facebook’s users live outside USA 2 million websites integrated with Facebook
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With closeto 600 millionusers, Facebook is the third largest country on earth • Its membership is currently growing at the rate of about 7,00,000 people a day • 70% of facebook’s users live outside USA • 2 million websites integrated with Facebook • Facebook has a richer, more intimate hoard of information about its citizens than any nation. • Facebook rates as the Web's top photo-sharing site, and is the fourth most-visited site in the world, accounting for more than 1 percent of all internet use.
Zuckerberg’s early life • Born in 1984 in NY • Zuckerberg grew up in a supportive household with 3 siblings • When he was 12, he created a network (Zuck Net) for the family home • Wrote computer games in middle school • Co-wrote a music recommendation program called Synapse in high school • Attended Harvard Business School where he started a web service ‘Thefacebook.com’ to connect people through social networks at college
Qualities • Strong willed • Relentless • Hard working • Modest life style • Business acumen • Innovative
Zuckerberg’s Vision To make the world more open and connected
Modus operandi of Facebook • Facebook moves into a market (eg: photosharing, games) and takes it over by making it social. • The only major source of revenue is advertising. Facebook is used by organizations for targeted marketing.
Advantages • Allows users to track down long lost friends, acquaintances and relatives that they haven't seen for years. • “Stretches people and gets them to be comfortable with things they aren't yet comfortable with”. A lot of this is just social norms catching up with what technology is capable of. • Even if Facebook seems so informal in the eyes of non-professionals, it has proven to be very advantageous in tracking down legal disputes.
Advantages • Provides the chance to choose what you desire to share, and what you don’t need to impart, and what you desire to impart with chosen associates. • A one-stop shop or supermarket for imparting blogging, media, calendaring, communicating, sharing ideas or information and others.
Disadvantages • Banned in certain countries by governments who fear misuse of Facebook’s vast database. • Privacy issues. • Facebook addiction could become an actual diagnosable ailment. • Facebook is a blunt instrument for doing the delicate work of transmitting human relationships. • Facebook has been cited as the primary source for online divorce evidence. • Rampant addiction • Possible stalking
An entrepreneur does not see different things, but sees things differently. Many people looked at the internet and saw it as a network of computers. Zuckerberg, however, saw the internet as a network of people.