Facebook Analysis To Confirm Its Competitiveness In A Defined Market Essay

Facebook Analysis To Confirm Its Competitiveness In A Defined Market - Essay Example The idea was to create a website though which people in the university could stay connected with each and share ideas. Within months of its initiation the core idea spread beyond the boundary rooms of Harvard and was highly appreciated and accepted by all. Very soon it got extended to Yale and Stanford and was endorsed widely in these places. The initiative was accompanied and followed by two more students at Harvard, Chris Hughes and Dustin Moskovitz who helped the founder to grow and take the concept to the next level. Within a matter of few months, it became a national student network. In 2005, it was officially given the name of Facebook. The domain was called facebook.com was purchased at a rate of $200,000. Facebook was then opened in 2006 and could be accessed by everyone above 13 years of age having a valid e-mail identity. In 2008, it was announced that Facebook would set up international headquarters in Dublin, Ireland. In 2010, the company began to invite users to go throu gh a beta test or selection process based on questions and answers. A number of engineering puzzles were given to them where these users were required to solve computational problems. This gave them opportunities to get hired in Facebook. It had emerged as the greatest only photo host by 2011 and had millions of users accessing the same from mobile phones, which accounted for 33% of the entire traffic in Facebook. (Carlson, â€Å"At Last -- The Full Story Of How Facebook Was Founded†). Biography of the Founder Originally known as the Facebook, the site was founded by Mark Zuckerberg, a former student at Harvard University. After completing second year at the university, he left it to concentrate on the website he had created and which had a use based of more than 250 million people. Born in May 14, 1984, in New York, Zuckerberg had grown in a well educated and comfortable family. Zuckerberg’s interest in computers and technology showed very early in his childhood. He h ad created messaging program using Atari Basic, at the age of 12 which he named as Zucknet. His father use to use this program for running operations at his dental office. The receptionist at office could use this program to convey the message of a new patient arrival without screaming across the room. This program was also used within the family to communicate in the house. He took interest in computer games with his friends just for fun (Chittaranjan Wordpress, â€Å"Early life†). In order to entertain and encourage his interest in computers, Mark’s parents arranged for a private computer tutor at home, who had later on declared to reporters that he found to difficult to stay ahead of a prodigy who was interested more in the graduate courses at the nearby college. Beside computers, Lark also showed immense talent in fencing and soon became captain of his school team. One of his other interests was literature, in which he earned a diploma in classics. However, his fas cination