The Success of Facebook Essay - 1210 Words

Successful can be defined as â€Å"the attainment of wealth, position, honors, or the like† (Collins, 1993). However, for the purpose of this report the focus is on financial wealth and how young people attain such wealth through personal qualities and an innovative idea. This report will also focus on two young men whom youth today believe are successful (survey response 13). There are 24 million millionaires (Brooklyn, 2011) around the globe all with different stories, ways and qualities that lead to their success in the business world. By thoroughly researching the topic of young millionaires it was clear that the most significant people that created a major impact on their respective industries are Mark Zuckerberg founder of Facebook and†¦show more content†¦The risk payed off and the site was a success with over 450 unique people visiting over 2 weeks who in total voted 22,000 times (Carlson, 2010). It is clear that Mark took significant risks to create Facemash which later on proved to be a vital quality in the foundation of his empire. As a result of this action, Mark gained the attention of three fellow students who approached him to create a site for them called â€Å"Harvard Connection†. He agreed to write their code but eventually proceeded in writing his own social application naming it â€Å"The Facebook† which was released before Harvard Connection on February 4th 2004 (Carlson, 2010). In doing this Mark demonstrated qualities such as risk taking, confidence and the ability to see an opportunity. Through taking such a big risk and releasing The Facebook before Harvard Connection Mark landed himself in court not long after which ended in a $65 million dollar settlement (Carlson, 2010) (60 Minutes, 2008). However, this was a minor setback for Mark who with great determination focused on the growth of his empire. Six years later Mark has ultimately lead Facebook into a massive global enterprise boasting over 450 million users and is now worth in excess of $16 billion dollars (Boggan, 2010) (Snead, 2009). Mark’s success was a cunning combination of â€Å"a number of savvy business decisions†Show MoreRelatedThe Success Of Facebook And Facebook788 Words   |  4 Pagesbest to remain innovative and competitive is important to the success of the organization and to increase the value of the company. There are many options or perks to satisfy employees but keeping them happy may improve retention and creativity. Facebook, a social media company, according to business insider, is the number one happiest companies in America with a whopping 97% of employees who are highly satisfied with their jobs. Facebook became one for the top company in the world by winning theRead MoreSocial Medi The Global Phenomenon That It Is Today1452 Words   |  6 Pagesobsession with such sites (Hendricks: 2013). 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