Answer to Question #166590 in Marketing for william

Question #166590

Read the article: History of Facebook In Photos by Matt Weinberger

  1. Give a summary/ explanation of what happened in the lawsuit
Expert's answer

Facebook is explained to be a classical Silicon Valley success story, Mark Zuckerberg, its CEO and founder happens to leak the 33 photos to the world from a Harvard dorm room. In 2003, he creates a website called Face mash, which is a Not-style site. He uses his classmate’s pictures that he hacked from the school administration’s dormitory ID files. He encounters disciplinary action from Harvard, six days after the launch, three seniors from Harvard claim that he agrees to build a site for them and use their suggestions to create what later became Facebook. Later they file a suit that is eventually settled in 2008. Within a month, half of the Harvard students become members of Facebook. By March 2004, Facebook had expanded to Yale, Columbia, and Stanford. Zuckerberg later brings in his fellow Harvard students to help operate the site to grow and build it into a business. A few months later, the Facebook team brings in the first ad-sales pitch. He drops out of Harvard and in June 2004, Facebook sets up a shop in downtown Palo Alto, California. In the same month, Facebook gets its prime outside funding worth $500,000 asset from PayPal cofounders, i.e., Peter Thiel and Elon Musk. Later in May 2005, it raises $13.7 million in subsidy. It becomes unstoppable, where billions of users reach the social network through their mobile devices

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