Mark Zuckerberg is the founder, chairman, and CEO of Facebook (FB). Here’s how he built the vastly successful social media business.

While many intelligent people attend Harvard University, Mark Zuckerberg became known quickly as the go-to computer programmer on campus. By his sophomore year, he had already built two programs: Course Match and Face Mash. Both programs became wildly popular, but the university shut down the latter program after it was deemed to be inappropriate.

Based on his acclaim on campus, Zuckerberg partnered with friends to create a social networking site that allowed Harvard students to connect with each other. The site officially went live in June 2004 under the name “The Facebook,” and Zuckerberg ran it out of his dorm room.

After Zuckerberg and his partner Eduardo Saverin realized that there were already 4,000 users registered on Facebook, they came to the conclusion that they needed services of new programmers. One of them was Mark’s neighbor, Darren Moskowitz, who further opened the Facebook service to students at Columbia University, Stanford, and Yale.

Around the same time, after the IPO, Zuckerberg owned 503.6 million shares. And now Zuckerberg controls nearly 60% of the company’s votes, 35% – Eduardo Saverin, and 5% went to the newcomer Moskowitz. Another friend of Mark, Chris Hughes, was assigned as the Press Attache of Facebook.

According to Forbes, Mark Zuckerberg has a net worth of $63.5 billion since July 30, 2018.

When it comes to influencing, Zuckerberg has signed the Giving Pledge, which way he will donate at least 50% of his net worth to philanthropic cause previous to he dies. In 2010, for example, he donated more than $100 million to save the Newark school system in New Jersey.

In April 2018, Zuckerberg testified earlier than Congress after it was made known that the company had shared users’ data with the political consulting firm Cambridge Analytical. Forbes has credited the quick drop of Face book’s stock price following the company’s July caution to the investor of slowing increase and profit margins to the growing impact of the battle between profit & privacy, citing the Cambridge Analytics story and Face book’s growing inability to protect users from harmful misuse and misinformation.

Facebook made most of it earnings through contextual ads on it pages, they also turned the time each user spends on the platform into revenue.

Facebook made almost 85% of it revenue through it contextual ads while the remaining 15% is said to be made through deductions gotten from payments made through the platform.

In 2013 Facebook had an idea of a way to generate more income, it was through direct messaging. They are said to be testing a new service that charges you $1 for every message you send to someone that not in your friends list.

For example you wanted to send a message to Barrack Obama or Kim Kardashian, you would be charged $1 and your message is gonna be delivered to their inbox. (That would be really goo)

But they said that some of this people are worth more that $1 and therefore the price is gonna vary for different people. Mind you, this service was just a test.

Everyone wants to be successful in life, but not all of us are willing to take timely risks in awkward situations. Although critical times in life are hard to deal with, they also serve the milestones in our life-journey. These are the junctures that allow us to halt, breathe – decide the right direction, and put all humanly possible efforts thenceforth – but the fear of the unknown overshadows our innate motivation, derails our progress. For everyone lacking motivation due to the fear of the unknown, the story of Flying Cakes’ Sunil is a must-read.

Born in an indigent Delhi based family, Sunil somehow completed his higher secondary school certificate (SSC) exam. His father was a mechanical labourer and the only earning member in their family of five. His family’s financial condition demanded Sunil earn a living for himself. Soon after SSC, he started doing menial jobs earning Rs 200 odd a day. He did many such blue-collar jobs before joining Domino’s Pizza as a pizza delivery boy in the year 1998. He worked for a long time with one of the Domino’s Pizza outlets in Delhi and performed exceptionally well to become their best-performing employee. His consistent best performance made him the blue-eyed boy for the employer but a devil for other co-workers – he soon resigned in the year 2003.

It was not an impulsive decision. After saving a considerable fund while working at Domino’s, Sunil decided to open up a small food stall in Delhi. The business however did not last long as it was not established with the due legal processes and Sunil got into trouble because of this a couple of times.

After surveying the area, he realized that the locality lacked a good cake shop. That is when he decided to legally open up a Cake shop business in 2007. Of course, it could not have been possible without the help of his friend who loaned him Rs 58,000 to open up his business which he named ‘Flying Cakes’.

Flying Cakes was an ambitious project for Sunil compared to the earlier roadside eateries, but the business was extremely challenging due to the low margins. Nevertheless, the only certainty about time is that it changes. And with this thought, Sunil continued his struggle.

One day a woman working at a nearby HCL visited Flying Cake to order for her son’s birthday. The woman was head of HCL’s admin department – the quality of the cake baked by Sunil impressed her, and Flying Cake soon began to receive corporate orders from her.

Sunil was eager to do business with excellent quality. He realized what it was like to eat fresh cakes. They ensured that the cake was prepared only on order and delivered in the lowest possible time to ensure freshness. To ensure quality and to know the importance of his presence, Sunil worked round the clock in the early days of flying cakes.

Today, Flying Cakes is a well-known cake-shop brand, doing a business of Rs 8.5 crore through its 15 branches in cities like Noida, Delhi, Bangalore and Pune. He has recently launched a new range of fast food products like pizza, burger in Noida.

Sunil has set a target of opening fifteen new branches by the year 2024. Sunil gives the message to aspiring entrepreneurs that “You should not be afraid to take risks, without risk, you will stay in the same place forever.” To do something big in life, you have to raise relationships, sometimes circumstances will be against you, and then you have to face it firmly. “

Jeff Bezos, an American entrepreneur and e-commerce pioneer, the creator of online store Amazon.com. He is also the founder of Blue Origin, a company that aims to make space travel affordable to ordinary people. Bezos always has his customer in mind, no matter what he is working on. His number one priority is making it as available and easily accessible as possible.

A hyper-intelligent, ultra-driven individual, Bezos’s a dual-personality can turn him from a compassionate person to a rough executive within seconds. An extraordinarily ambitious person, Jeff Bezos to this day seeks to push the possibilities of modern technology beyond the imaginable.

It wasn’t until he turned 10, Bezos found out that he had a stepfather. It had been years since his biological father left, but that didn’t stop him from becoming a billionaire, in fact, that was only the beginning of his journey to get to the top.

While spending summers in Texas, he was introduced to the space industry where his grandfather worked and so he became a role model for little Jeff, who dreamed of achieving greatness. As a child, Bezos had broad interests, particularly in science. One time, he converted his parent’s garage into a science laboratory where he made things like cooking contraptions from an umbrella or an alarm system using parts from Radio shack.

He was always very bookish which was why his mother enrolled him into the gifted kids program and that led him to become a valedictorian in high school. So off he set to Princeton to study physics only to realize his brain wasn’t wired to calculate momentum and inertia. Thus, he switched majors and graduated in computer science and electrical engineering.

Jeff Bezos is known as the CEO of Amazon, but very few people know that Jeff worked at Macdonald’s, Intel, Bell Labs, and Andersen Consulting, among others. In late 1993, Bezos decided to establish an online bookstore. He left his job at D. E. Shaw and founded Amazon in his garage.

In 1994, Jeff designed the Amazon Company’s business plan on a cross-country drive from New York City to Seattle. Jeff initially named his new company ‘Cadabra’ but later changed the name to ‘Amazon’. 

Jeff’s hard work and dedication proved that if there is a strong will, no work is impossible. Jeff’s company has several records to his name today. Jeff received his first major award in 1999 when Time named him Person of the Year. As he was first included on the Forbes World’s Billionaires list with a registered net worth of $10.1 billion.

From humble beginnings starting in a garage selling one book at a time amazon has grown into an unstoppable conglomerate across multiple industries such as retail logistics customers technology, cloud computing and most recently media and the entertainment their founder and leader Jeff Bezos is known for his transformational and leadership style showcases his charisma and power to things that were needed to build the largest store in the world. 

Warren Buffett may have been born with business in his blood. He purchased his first stock when he was 11 years old and worked in his family’s grocery store in Omaha.His father, Howard Buffett, owned a small brokerage, and Warren would spend his days watching what investors were doing and listening to what they said. As a teenager, he took odd jobs, from washing cars to delivering newspapers, using his savings to purchase several pinball machines that he placed in local businesses.

His entrepreneurial successes as a youth did not immediately translate into a desire to attend college. His father pressed him to continue his education, with Buffett reluctantly agreeing to attend the University of Pennsylvania. He then transferred to the University of Nebraska, where he graduated with a degree in business in three years.

After being rejected by the Harvard Business School, he enrolled in graduate studies at Columbia Business School. While there, he studied under Benjamin Graham – who became a lifelong friend – and David Dodd, both well-known securities analysts. It was through Graham’s class in securities analysis that Buffett learned the fundamentals of value investing. He once stated in an interview that Graham’s book, The Intelligent Investor, had changed his life and set him on the path of professional analysis to the investment markets.

Buffett married Susan Buffett in 1952. They had three children, Susie, Howard and Peter. In 1957, Buffett had three partnerships operating the entire year. In Omaha he purchased a five-bedroom stucco house where he presently lives for $31,500. In 1958 Buffett’s third child, Peter was born.Buffett operated five partnerships for the entire year.

And then the company grew to six partnerships operating the whole year and Buffett was introduced to Charlie in 1959. This was named Sanborn Map Company. Brick by brick he reached at the ultimate position by extending and expanding his business while planting himself with a position on the Board of Sanborn.

Finally in 1962, Warren Buffet became a millionaire and merged all his partnerships together into one. In 1999, he was named the top money manager of the Twentieth Century in a survey by the Carson Group.

Confident that the technology bubble would burst, Warren Buffett continued to do what he did best: Allocate capital to great businesses that were selling below intrinsic value. His efforts were rewarded. When the markets finally did come to their senses, Warren Buffett was once again a star. Berkshire’s stock recovered to its previous levels after falling to around $45,000 per share, and the man from Omaha was once again seen as an investment icon.