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Facebook Entreprenuership

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Submitted By mallandme13
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Facebook is a well known company that was created on October 28th of 2003. The basic idea of the company was to "use photos compiled from the online facebooks of nine houses, placing two next to each other at a time and asking users to choose the 'hotter' person.” Mark Zuckerberg, the creator, had to hack into Harvard’s computer network. He then copied the houses' private dormitory ID images and started up “Facemash.” Facemash attracted 450 visitors and 22,000 photo views in its first four hours online. The site was then forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration. Mark Zuckerberg was suddenly charged by the administration with breach of security, violating copyrights, and violating individual privacy. Eventually the charges were dropped. Zuckerberg expanded his idea that semester by creating a social study tool for an art history final. He uploaded 500 Augustan images to a website, with one image per page along with a comment section. Once the page launched it overflowed with visitors trying to share photos and notes on the subject. Zuckerberg saw the entrepreneurial opportunity and wasn’t going to ignore it. January 4th of 2004, Mark started coding “TheFacebook” and was preparing to launch it days later. Membership was originally restricted to just students of Harvard College. But within the first few months, more than half the undergraduate population at Harvard was registered on the service. It received its first investor, Peter Thiel, later that month. Peter Thiel is the co-founder of PayPal. The company dropped “The” from its name after purchasing the domain name facebook.com in 2005 for $200,000. Facebook later allowed memberships to employees of several companies, including Apple and Microsoft. September 26th of 2006, everyone of age 13 and older with a valid email address was allowed

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