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These are the user uploaded subtitles that are being translated: 1 00:00:10,265 --> 00:00:15,265 Provided by explosiveskull https://twitter.com/kaboomskull 2 00:00:32,105 --> 00:00:35,185 Ambitious, tenacious, 3 00:00:35,225 --> 00:00:38,945 the internet entrepreneur and tech innovator 4 00:00:38,984 --> 00:00:41,024 with a gift for computer program. 5 00:00:42,145 --> 00:00:46,425 The man who became the planet's youngest billionaire at 23 6 00:00:46,465 --> 00:00:49,105 and who created one of the world's most popular 7 00:00:49,145 --> 00:00:52,025 social network, Facebook. 8 00:00:53,384 --> 00:00:56,784 Along with Amazon, Google, Apple, and Microsoft, 9 00:00:56,825 --> 00:00:58,945 Facebook is one of the big five companies 10 00:00:58,984 --> 00:01:01,225 in the US tech industry. 11 00:01:01,265 --> 00:01:05,385 So what did it take to build such a revolutionary business? 12 00:01:05,424 --> 00:01:08,224 Well, it took someone like Mark Zuckerberg, 13 00:01:08,265 --> 00:01:10,864 the young genius who connected people in ways 14 00:01:10,905 --> 00:01:12,385 never thought possible. 15 00:01:13,984 --> 00:01:18,224 In 2021, his net worth is estimated at $96 billion. 16 00:01:23,025 --> 00:01:26,185 The giant social network has had a vertiginous growth 17 00:01:26,224 --> 00:01:27,344 since its creation. 18 00:01:30,224 --> 00:01:34,104 Take a journey into how Mark Zuckerberg built the giant 19 00:01:34,144 --> 00:01:36,384 that has changed billions of lives 20 00:01:36,424 --> 00:01:38,744 and the way people interact with the world. 21 00:01:43,185 --> 00:01:48,185 They are masterminds, ambitious, competitive, and ruthless 22 00:01:49,424 --> 00:01:51,825 not afraid of failure, 23 00:01:51,864 --> 00:01:55,224 dedicated to their mission of bettering the world, 24 00:01:55,265 --> 00:01:58,344 always reaching for excellence. 25 00:01:58,385 --> 00:02:01,425 They lead by example. 26 00:02:01,465 --> 00:02:04,745 Unlike many industries, the tech billionaires are mostly 27 00:02:04,784 --> 00:02:06,424 self-made. 28 00:02:06,465 --> 00:02:09,185 It is true they're genius, that they revolutionize 29 00:02:09,224 --> 00:02:14,025 the industry and together they change the world. 30 00:02:15,224 --> 00:02:17,064 Join us in this series as we take a look at 31 00:02:17,104 --> 00:02:20,984 some of the wealthiest entrepreneurs in the modern world, 32 00:02:21,025 --> 00:02:22,905 the tech billionaires, 33 00:02:22,944 --> 00:02:27,745 Bill Gates, Elon Musk, Mark Zuckerberg and Jeff Bezos. 34 00:02:28,745 --> 00:02:30,985 Together they're worth a collective of more than 35 00:02:31,025 --> 00:02:33,625 900 billion US dollars. 36 00:02:34,905 --> 00:02:36,705 They will be remembered in history 37 00:02:36,745 --> 00:02:41,064 as the most influential people of the 21st century. 38 00:03:06,344 --> 00:03:10,224 Mark Elliott Zuckerberg was born on May 14th, 1984 39 00:03:10,264 --> 00:03:12,184 in White Plains New York, 40 00:03:12,224 --> 00:03:15,344 into a comfortable well-educated family. 41 00:03:15,384 --> 00:03:19,024 He was the second of four children and the only son. 42 00:03:19,064 --> 00:03:22,264 He grew up with his three sisters in the suburbs of New York 43 00:03:22,305 --> 00:03:24,265 Dobbs Ferry. 44 00:03:24,305 --> 00:03:27,344 His father, Edward Zuckerberg was a dentist 45 00:03:27,384 --> 00:03:30,224 and his mother, Karen a psychiatrist. 46 00:03:31,185 --> 00:03:33,305 Young Mark developed an interest in computers 47 00:03:33,344 --> 00:03:35,104 at an early age. 48 00:03:35,145 --> 00:03:37,145 He began programming in middle school 49 00:03:37,185 --> 00:03:39,705 with the active support of his father. 50 00:03:39,745 --> 00:03:42,105 And he was learning fast. 51 00:03:42,145 --> 00:03:45,985 When Mark was about 12, he used the Atari BASIC program 52 00:03:46,025 --> 00:03:48,305 his father had taught him to create his own 53 00:03:48,344 --> 00:03:51,104 messaging program named ZuckNet. 54 00:03:52,425 --> 00:03:55,145 His father used the program in his dentist's office, 55 00:03:55,185 --> 00:03:57,064 so that the receptionist could inform him 56 00:03:57,104 --> 00:04:00,664 of a new patient without yelling across the room. 57 00:04:00,705 --> 00:04:03,344 The family also used ZuckNet to communicate within 58 00:04:03,384 --> 00:04:04,224 the house. 59 00:04:05,784 --> 00:04:07,784 Together with his friends, Zuckerberg also enjoyed 60 00:04:07,824 --> 00:04:10,984 creating computers games just for fun as he said. 61 00:04:12,185 --> 00:04:14,784 To keep up with their son's enthusiasm and growing interest 62 00:04:14,824 --> 00:04:18,224 in computers, his parents even hired a private tutor, 63 00:04:18,264 --> 00:04:21,104 David Newman, while he was still in high school. 64 00:04:22,425 --> 00:04:24,425 Newman later told reporters that it was hard to stay 65 00:04:24,464 --> 00:04:26,625 ahead of the prodigy. 66 00:04:26,665 --> 00:04:30,145 Zuckerberg studied at the exclusive Phillips Exeter Academy 67 00:04:30,185 --> 00:04:31,785 in New Hampshire. 68 00:04:31,824 --> 00:04:33,985 There he showed talent and fencing, 69 00:04:34,024 --> 00:04:36,864 becoming the captain of the school's team. 70 00:04:36,904 --> 00:04:41,384 He excelled in classes and earned a diploma in Classics. 71 00:04:41,425 --> 00:04:44,225 Yet he remained fascinated by computers 72 00:04:44,264 --> 00:04:46,185 and continued to focus on his passion 73 00:04:46,225 --> 00:04:48,665 of developing new programs. 74 00:04:48,704 --> 00:04:50,944 While in high school, he created an early version 75 00:04:50,985 --> 00:04:55,824 of the music software, Pandora, which he called Synapse. 76 00:04:55,865 --> 00:04:58,865 It was clear that he had an entrepreneur's mindset 77 00:04:58,904 --> 00:05:00,384 from an early age. 78 00:05:01,745 --> 00:05:03,905 Even before he founded Facebook, 79 00:05:03,944 --> 00:05:06,985 he was actually on Microsoft's radar. 80 00:05:07,024 --> 00:05:09,984 The company and several others including AOL 81 00:05:10,024 --> 00:05:12,424 approached the teenager for buying the software 82 00:05:12,464 --> 00:05:15,384 and hiring them before graduation. 83 00:05:15,425 --> 00:05:16,985 He declined the offers. 84 00:05:20,785 --> 00:05:23,985 After graduating from Exeter in 2002, 85 00:05:24,024 --> 00:05:27,185 Mark Zuckerberg enrolled at Harvard University 86 00:05:27,225 --> 00:05:30,905 where he studied Psychology and Computer Science. 87 00:05:30,944 --> 00:05:34,704 By this time he was already a programming prodigy, 88 00:05:34,745 --> 00:05:36,985 by the sophomore year, he developed a reputation 89 00:05:37,024 --> 00:05:39,984 as the go-to software developer on campus. 90 00:05:41,305 --> 00:05:43,264 It was at that time that he built a program called 91 00:05:43,305 --> 00:05:46,944 CourseMatch, which helps students choose their classes 92 00:05:46,985 --> 00:05:49,905 based on the course selections of other users 93 00:05:49,944 --> 00:05:52,224 and also help them form study groups. 94 00:05:53,785 --> 00:05:55,905 But the young freshmen was a bit of a troublemaker. 95 00:05:55,944 --> 00:05:59,064 In 2003 he invented a website, 96 00:05:59,105 --> 00:06:02,905 by far the most talked about things that he created. 97 00:06:02,944 --> 00:06:05,425 The site was called FaceMash, 98 00:06:05,464 --> 00:06:07,904 and it allowed students to judge the attractiveness 99 00:06:07,944 --> 00:06:11,185 of other students by comparing two pictures 100 00:06:11,225 --> 00:06:13,985 and vote on one who was most attractive person. 101 00:06:15,105 --> 00:06:17,105 The software then ranked the results. 102 00:06:18,264 --> 00:06:21,024 Even though Zuckerberg created it just for fun, 103 00:06:21,064 --> 00:06:23,625 it became wildly popular, 104 00:06:23,665 --> 00:06:26,985 but people didn't like that their pictures were being used 105 00:06:27,024 --> 00:06:28,424 without their permission. 106 00:06:28,464 --> 00:06:32,104 And Zuckerberg actually violated university policy 107 00:06:32,144 --> 00:06:34,625 by hacking into Harvard security network. 108 00:06:35,944 --> 00:06:38,384 FaceMash was deemed offensive and inappropriate 109 00:06:38,425 --> 00:06:41,145 and was shut down a few days later by the school. 110 00:06:42,225 --> 00:06:44,865 Zuckerberg apologized for his actions, 111 00:06:44,904 --> 00:06:48,424 saying he thought of it as a fun computer experiment. 112 00:06:48,464 --> 00:06:52,064 He faced serious charges of violating individual privacy. 113 00:06:53,305 --> 00:06:56,865 Harvard nearly expelled him, but then put him on probation. 114 00:06:56,904 --> 00:06:59,984 This would be the first time he ever got into trouble, 115 00:07:00,024 --> 00:07:02,704 but his journey was just starting. 116 00:07:02,745 --> 00:07:05,625 The genius had seen his future 117 00:07:05,665 --> 00:07:08,665 and had an undeniable potential. 118 00:07:09,824 --> 00:07:12,024 People wanted to see what he would do next. 119 00:07:13,185 --> 00:07:15,345 Based on the buzz of his previous projects, 120 00:07:15,384 --> 00:07:19,344 three of his fellow students, Divya Narendra and twins 121 00:07:19,384 --> 00:07:22,425 Cameron and Tyler Winklevoss, reached out him 122 00:07:22,464 --> 00:07:25,384 to work on an idea for a social networking site 123 00:07:25,425 --> 00:07:28,225 they called Harvard Connection. 124 00:07:28,264 --> 00:07:31,425 They wanted to create a dating site for the Harvard elite 125 00:07:31,464 --> 00:07:34,784 by using information from the student networks. 126 00:07:34,824 --> 00:07:37,985 Zuckerberg agreed to help them in the beginning. 127 00:07:38,024 --> 00:07:40,664 But while working on coding for the program, 128 00:07:40,704 --> 00:07:45,704 he got a fantastic idea for his own social network. 129 00:07:47,024 --> 00:07:50,024 Soon, he decided to pursue his own adventure. 130 00:07:54,225 --> 00:07:58,305 It all started in 2004 when the freshmen Harvard student 131 00:07:58,345 --> 00:08:00,385 and his friends decided that they would start 132 00:08:00,425 --> 00:08:02,225 a social project together. 133 00:08:03,665 --> 00:08:05,785 Zuckerberg's fellow students and roommates included 134 00:08:05,824 --> 00:08:09,865 Chris Hughes Andrew McCollum, Eduardo Saverin, 135 00:08:09,904 --> 00:08:11,264 and Dustin Moskovitz. 136 00:08:12,745 --> 00:08:14,704 It turned out to be the perfect combination of people 137 00:08:14,745 --> 00:08:16,865 to found a company that would later become 138 00:08:16,904 --> 00:08:20,144 the most popular social network in the world. 139 00:08:20,185 --> 00:08:24,785 So on February 4th, 2004 out of his college dorm room 140 00:08:24,824 --> 00:08:28,185 and surrounded by the elite, Zuckerberg co-founded 141 00:08:28,225 --> 00:08:31,665 and launched a site that allowed students to connect online, 142 00:08:32,904 --> 00:08:33,904 Thefacebook. 143 00:08:40,384 --> 00:08:43,705 Those who signed up could create their own profiles, 144 00:08:43,745 --> 00:08:46,904 share information about their lives, upload photos 145 00:08:46,945 --> 00:08:49,425 and communicate with other users. 146 00:08:49,465 --> 00:08:53,825 His goal, giving people the ability to share information 147 00:08:53,865 --> 00:08:55,705 in a safe environment. 148 00:08:55,745 --> 00:08:58,185 Well, I mean, I think our focus is just on building 149 00:08:58,225 --> 00:09:00,185 the best, simplest and easiest product 150 00:09:00,225 --> 00:09:02,065 for people to share information in all the ways 151 00:09:02,105 --> 00:09:03,225 that they want. 152 00:09:03,264 --> 00:09:04,985 So we started off just incredibly simple. 153 00:09:05,024 --> 00:09:06,745 There are only a few different ways to share information. 154 00:09:06,784 --> 00:09:10,944 And over the last few years we've added photos, videos, 155 00:09:10,985 --> 00:09:12,705 notes, messages, just to all these different types 156 00:09:12,745 --> 00:09:13,904 of things. 157 00:09:13,945 --> 00:09:15,265 And each of these are just used massively. 158 00:09:15,304 --> 00:09:17,104 So photos, for example, there are more than 159 00:09:17,144 --> 00:09:21,985 a hundred million photos uploaded a month in the UK alone. 160 00:09:22,024 --> 00:09:24,024 Our goal is really just to enable all of that. 161 00:09:24,065 --> 00:09:26,185 And we think that if we provide the easiest 162 00:09:26,225 --> 00:09:27,945 and the best simplest way for people to share 163 00:09:27,985 --> 00:09:29,384 all of these kinds of information that they want 164 00:09:29,424 --> 00:09:31,104 with exactly the people that they want, 165 00:09:31,144 --> 00:09:33,824 then that's just a longterm, very valuable thing. 166 00:09:33,865 --> 00:09:36,625 Giving people complete control over their privacy, 167 00:09:36,664 --> 00:09:38,664 actually while creating a safe environment 168 00:09:38,705 --> 00:09:40,785 it also makes it so that people can share more information. 169 00:09:40,825 --> 00:09:43,025 So it's a really important part of what we do. 170 00:09:44,225 --> 00:09:46,705 Facebook was a hit from day one. 171 00:09:46,745 --> 00:09:49,625 Within two weeks, half of the student body had signed up. 172 00:09:50,585 --> 00:09:52,425 We're not gonna share people's information 173 00:09:52,465 --> 00:09:54,785 except with the people that they've asked for it 174 00:09:54,825 --> 00:09:56,025 to be shared. 175 00:09:56,065 --> 00:09:57,625 And everyone gets privacy settings. 176 00:09:57,664 --> 00:09:59,064 It has always been one of the big differentiators 177 00:09:59,105 --> 00:10:00,664 for Facebook. 178 00:10:00,705 --> 00:10:02,185 A really different service for people is you can say, 179 00:10:02,225 --> 00:10:04,024 "I want this photo album to go to these people," 180 00:10:04,065 --> 00:10:05,985 or "I want this note to go to these people." 181 00:10:06,024 --> 00:10:09,424 And the privacy controls on Facebook are really unparalleled 182 00:10:09,465 --> 00:10:10,345 by anything else 183 00:10:11,825 --> 00:10:13,265 The group of friends ran the site 184 00:10:13,304 --> 00:10:16,824 out of their dorm room until June, 2004. 185 00:10:16,865 --> 00:10:20,705 Zuckerberg recall the early days with nostalgia years later 186 00:10:20,745 --> 00:10:22,784 in his Harvard commencement speech. 187 00:10:24,384 --> 00:10:27,345 I remember that night, I launched Facebook from 188 00:10:27,384 --> 00:10:30,345 that little dorm in Kirkland house. 189 00:10:32,945 --> 00:10:35,025 I went to Noax with my friend kayaks 190 00:10:36,144 --> 00:10:39,184 and I remember telling him clearly that 191 00:10:39,225 --> 00:10:41,425 I was excited to help connect the Harvard community, 192 00:10:41,465 --> 00:10:44,264 but one day someone would connect the whole world. 193 00:10:45,424 --> 00:10:47,904 The thing is, it never even occurred to me 194 00:10:47,945 --> 00:10:49,665 that that someone might be us. 195 00:10:49,705 --> 00:10:51,225 We were just college kids. 196 00:10:51,264 --> 00:10:53,024 We didn't know anything about that. 197 00:10:56,264 --> 00:10:58,304 But the social network has a complicated 198 00:10:58,345 --> 00:10:59,904 early history. 199 00:10:59,945 --> 00:11:01,785 Zuckerberg faced a challenge shortly 200 00:11:01,825 --> 00:11:03,985 after Facebook launched. 201 00:11:04,024 --> 00:11:06,184 His three former classmates and creators 202 00:11:06,225 --> 00:11:09,745 of Harvard Connection now called connectU, 203 00:11:09,784 --> 00:11:12,784 filed a lawsuit against him a few months later. 204 00:11:12,825 --> 00:11:15,185 They claimed that Zuckerberg stole their idea 205 00:11:15,225 --> 00:11:18,345 and business plan and insisted that he needed to pay 206 00:11:18,384 --> 00:11:19,944 for their business losses. 207 00:11:21,225 --> 00:11:25,384 Facebook launched in February, 2004 and connectU, 208 00:11:25,424 --> 00:11:29,984 three months later, but it struggled and was then shut down. 209 00:11:31,304 --> 00:11:33,384 Zuckerberg maintained that the ideas were based 210 00:11:33,424 --> 00:11:36,784 on two very different types of social networks. 211 00:11:36,825 --> 00:11:39,384 Incriminating messages revealed that Zuckerberg 212 00:11:39,424 --> 00:11:42,224 may have intentionally stolen the intellectual property 213 00:11:42,264 --> 00:11:43,664 of Harvard Connection. 214 00:11:45,024 --> 00:11:49,184 He later apologized, saying he regretted his actions. 215 00:11:49,225 --> 00:11:51,784 The matter was eventually settled out of court. 216 00:12:00,465 --> 00:12:02,785 It was during a frat party in his second year of college 217 00:12:02,825 --> 00:12:07,265 at Harvard in 2003, that Zuckerberg met his better half 218 00:12:07,304 --> 00:12:08,904 Priscilla Chan, 219 00:12:08,945 --> 00:12:11,625 a Chinese American medical student from Boston. 220 00:12:12,825 --> 00:12:14,945 They came from two different worlds, 221 00:12:14,985 --> 00:12:16,985 but their hearts connected. 222 00:12:17,024 --> 00:12:20,105 "He was this nerdy guy who's just a little bit out there," 223 00:12:20,144 --> 00:12:22,384 Chan told the New Yorker. 224 00:12:22,424 --> 00:12:24,144 Early on in their relationship, 225 00:12:24,184 --> 00:12:26,104 Chan set some strict ground rules, 226 00:12:26,144 --> 00:12:29,024 because Zuckerberg was so busy with Facebook, 227 00:12:29,065 --> 00:12:31,665 she apparently required one date night 228 00:12:31,705 --> 00:12:35,145 and a minimum of 100 minutes of alone time per week, 229 00:12:35,184 --> 00:12:36,824 not at Facebook. 230 00:12:38,225 --> 00:12:40,784 They finally made the relationship official. 231 00:12:42,985 --> 00:12:45,865 Zuckerberg may not have gotten a degree out of Harvard 232 00:12:45,904 --> 00:12:47,985 but he met the woman that he would marry. 233 00:12:50,985 --> 00:12:54,865 He declared years later, "she is the most important person 234 00:12:54,904 --> 00:12:58,625 in my life, so you can say was the most important thing 235 00:12:58,664 --> 00:13:00,784 I built in my time here." 236 00:13:01,985 --> 00:13:04,784 In 2004, after his sophomore year 237 00:13:04,825 --> 00:13:07,384 Zuckerberg dropped out of college to devote himself 238 00:13:07,424 --> 00:13:09,384 full time on building the website. 239 00:13:10,384 --> 00:13:12,745 He's not the first big name in Silicon Valley 240 00:13:12,784 --> 00:13:16,784 to have dropped out of college and gone on to find success, 241 00:13:16,825 --> 00:13:19,185 Apple co-founder, Steve jobs, 242 00:13:19,225 --> 00:13:22,384 and two of the world's richest men, Bill Gates 243 00:13:22,424 --> 00:13:26,704 and Tesla CEO, Elon Musk all dropped out of school 244 00:13:26,745 --> 00:13:28,185 to start their own company. 245 00:13:36,184 --> 00:13:39,184 After he dropped out of Harvard, Zuckerberg felt himself 246 00:13:39,225 --> 00:13:42,985 growing wings and he and the Facebook team moved the company 247 00:13:43,024 --> 00:13:46,784 to the other side of the continent to Palo Alto, California 248 00:13:46,825 --> 00:13:49,785 where they opened its first office. 249 00:13:49,825 --> 00:13:52,625 They partied a lot, but also worked even harder. 250 00:13:53,745 --> 00:13:56,384 Thefacebook officially became Facebook. 251 00:13:56,424 --> 00:14:01,424 And by the end of 2004, it already had 1 million users. 252 00:14:02,985 --> 00:14:06,185 The website was and still is free to use. 253 00:14:06,225 --> 00:14:09,024 Most of its earnings come from ads. 254 00:14:09,065 --> 00:14:11,305 At first restricted to Harvard students, 255 00:14:11,345 --> 00:14:13,945 it expanded over time to other colleges, 256 00:14:13,985 --> 00:14:17,144 international schools and even beyond. 257 00:14:17,184 --> 00:14:18,984 What I wanted to do when I was getting started 258 00:14:19,024 --> 00:14:21,904 was simply just make a way for people to learn some things 259 00:14:21,945 --> 00:14:23,825 about the people around them at university, 260 00:14:23,865 --> 00:14:26,745 and be able to communicate with people around them. 261 00:14:26,784 --> 00:14:28,985 So basically stay in touch with their friends. 262 00:14:29,024 --> 00:14:31,985 And it's just turned out that over the past seven years 263 00:14:32,024 --> 00:14:35,024 or so as the company excelled at that, wasn't just a need 264 00:14:35,065 --> 00:14:39,385 that was fixed to my college or colleges in general, 265 00:14:39,424 --> 00:14:42,224 the desire to stay connected with your friends and family 266 00:14:42,264 --> 00:14:45,184 is I think a relatively universal thing across the world. 267 00:14:46,705 --> 00:14:50,865 By December, 2005, it had 6 million users 268 00:14:50,904 --> 00:14:53,424 and the growth didn't seem to slow down. 269 00:14:53,465 --> 00:14:55,345 We're building a technology company. 270 00:14:55,384 --> 00:14:57,384 So we focus on really technical solutions 271 00:14:57,424 --> 00:14:59,865 to complex problems involving helping people communicate 272 00:14:59,904 --> 00:15:01,384 in a lot of new ways. 273 00:15:01,424 --> 00:15:03,024 So, I mean, as a technology company, 274 00:15:03,065 --> 00:15:05,865 it would really only makes sense to work with someone 275 00:15:05,904 --> 00:15:07,225 who shared values and stuff like that. 276 00:15:07,264 --> 00:15:09,424 But I mean if you look at how we're growing, 277 00:15:09,465 --> 00:15:11,225 we're really just at the beginning. 278 00:15:12,424 --> 00:15:15,784 In may, 2005, as Facebook was already worth 279 00:15:15,825 --> 00:15:20,825 around $100 million, the venture capital firm Xcel Partners 280 00:15:21,865 --> 00:15:24,825 invested $12.7 million in the company, 281 00:15:24,865 --> 00:15:28,705 which enable the expansion of the network even more. 282 00:15:28,745 --> 00:15:31,664 The Facebook epidemic started. 283 00:15:32,625 --> 00:15:35,144 Within four years it would overtake Myspace, 284 00:15:35,184 --> 00:15:38,184 the most popular social network before Facebook. 285 00:15:38,225 --> 00:15:40,065 In the long-term for Facebook is, 286 00:15:40,105 --> 00:15:41,784 we're really just focused on our mission. 287 00:15:41,825 --> 00:15:44,305 Just helping people share information. 288 00:15:44,345 --> 00:15:47,745 We believe really deeply that if people are sharing more 289 00:15:47,784 --> 00:15:49,904 then the world will be a more open place 290 00:15:49,945 --> 00:15:51,625 where people can understand what's going on 291 00:15:51,664 --> 00:15:52,824 with the people around them. 292 00:15:52,865 --> 00:15:54,985 And that's really what we wanna get towards, 293 00:15:55,024 --> 00:15:58,184 In September, 2006, Facebook announced 294 00:15:58,225 --> 00:16:00,625 that anyone who was at least 13 years old 295 00:16:00,664 --> 00:16:03,304 and had a valid email address could join. 296 00:16:04,465 --> 00:16:06,665 If you look at the ways that people are sharing today, 297 00:16:06,705 --> 00:16:08,665 I still think it's quite primitive compared to 298 00:16:08,705 --> 00:16:11,825 what is going to be possible and the power that will be 299 00:16:11,865 --> 00:16:14,144 in people's hands when we get to that end state. 300 00:16:14,184 --> 00:16:15,744 And I think that that's gonna be awesome. 301 00:16:15,784 --> 00:16:17,304 And that's something that I think is really worth 302 00:16:17,345 --> 00:16:18,185 fighting for. 303 00:16:19,705 --> 00:16:22,225 Zuckerberg was on his way to success. 304 00:16:23,705 --> 00:16:26,345 He has said, "someone needs to build a service 305 00:16:26,384 --> 00:16:28,345 like this for the world." 306 00:16:28,384 --> 00:16:30,985 "But I just never thought that we'd be the ones 307 00:16:31,024 --> 00:16:32,184 to help do it." 308 00:16:32,225 --> 00:16:34,625 "And I think a lot of what it comes down to, 309 00:16:34,664 --> 00:16:36,865 is we just cared more." 310 00:16:36,904 --> 00:16:38,985 There are just so many interesting technical problems 311 00:16:39,024 --> 00:16:40,144 specifically. 312 00:16:40,184 --> 00:16:42,104 So I mean, just getting to work with a lot of smart people 313 00:16:42,144 --> 00:16:44,264 on solving some of these huge problems, 314 00:16:44,304 --> 00:16:47,064 I mean, it's just a really fascinating thing. 315 00:16:47,105 --> 00:16:50,345 When Bill Gates became a billionaire in 1987 316 00:16:50,384 --> 00:16:54,264 at 31, he was the youngest person to ever join 317 00:16:54,304 --> 00:16:55,904 the three comma club. 318 00:16:56,784 --> 00:17:00,784 In 2008, Mark Zuckerberg took that title 319 00:17:00,825 --> 00:17:05,825 and he became the youngest ever self-made billionaire at 23. 320 00:17:06,944 --> 00:17:08,984 Even today's wealthiest entrepreneurs, 321 00:17:09,025 --> 00:17:12,345 didn't see that much success at such a young age. 322 00:17:12,384 --> 00:17:14,865 And it took him just one year to make the leap from 323 00:17:14,904 --> 00:17:17,105 millionaire to billionaire. 324 00:17:18,065 --> 00:17:21,184 In 2009, Facebook had become the world's most 325 00:17:21,224 --> 00:17:23,224 used social network. 326 00:17:23,265 --> 00:17:26,745 The user base has now more than 2 billion people 327 00:17:26,785 --> 00:17:29,185 using it every month. 328 00:17:29,224 --> 00:17:31,625 Almost a third of the world's population. 329 00:17:33,025 --> 00:17:36,025 This has made Zuckerberg, a billionaire many times over. 330 00:17:37,265 --> 00:17:40,145 However, money wasn't his motivation. 331 00:17:40,184 --> 00:17:42,825 About that time, he turned down many opportunities 332 00:17:42,865 --> 00:17:47,384 to sell the site, often from multi-billion sums. 333 00:17:47,424 --> 00:17:51,065 Instead he wanted to create a better user experience 334 00:17:51,105 --> 00:17:54,704 and make the world better by making it a more open place 335 00:17:54,744 --> 00:17:56,784 where people are able to share more 336 00:17:56,825 --> 00:17:59,265 and understand what's going on. 337 00:18:09,664 --> 00:18:13,184 In 2010, the movie The Social Network 338 00:18:13,224 --> 00:18:16,384 based on Zuckerberg and the founding years of Facebook 339 00:18:16,424 --> 00:18:18,144 was released. 340 00:18:18,184 --> 00:18:20,345 Although he claimed that many details in the film 341 00:18:20,384 --> 00:18:24,025 were inaccurate and objected strongly to its narrative 342 00:18:24,065 --> 00:18:27,625 which he thought portrayed him in a bad light, 343 00:18:28,585 --> 00:18:30,985 indeed the young Harvard freshmen was portrayed 344 00:18:31,025 --> 00:18:33,785 as a brilliant genius without scruples 345 00:18:33,825 --> 00:18:36,424 and socially awkward nerd. 346 00:18:36,464 --> 00:18:38,944 The film was critically acclaimed and won 347 00:18:38,984 --> 00:18:42,424 the Golden Globe Award for Best Picture in 2011. 348 00:18:43,704 --> 00:18:46,184 He continued on his way to glory. 349 00:18:46,224 --> 00:18:50,904 In 2010 Time Magazine named him Person of the Year. 350 00:18:52,305 --> 00:18:55,985 In May, 2011, he bought a 5,000 square foot house 351 00:18:56,025 --> 00:18:59,185 for $7 million in Palo Alto. 352 00:18:59,224 --> 00:19:02,944 He and his girlfriend, Priscilla settled in their new home. 353 00:19:02,984 --> 00:19:05,024 The next year, Zuckerberg began buying the 354 00:19:05,065 --> 00:19:08,865 surrounding properties, spending more than $30 million 355 00:19:08,904 --> 00:19:10,664 to acquire four homes. 356 00:19:12,025 --> 00:19:16,305 On May 18th, 2012, Zuckerberg took Facebook public, 357 00:19:16,345 --> 00:19:20,704 with an initial public offering at $38 per share. 358 00:19:20,744 --> 00:19:22,904 They raised $16 billion, 359 00:19:24,065 --> 00:19:28,184 making it the biggest internet IPO in history. 360 00:19:28,224 --> 00:19:31,064 However, the shares price crashed dramatically 361 00:19:31,105 --> 00:19:32,904 over the next months. 362 00:19:32,944 --> 00:19:35,224 But it recovered in 2013. 363 00:19:36,825 --> 00:19:39,785 At this time, the platform had more than 500 million 364 00:19:39,825 --> 00:19:41,985 daily active users across the globe. 365 00:19:43,305 --> 00:19:45,305 Zuckerberg's net worth was estimated at more than 366 00:19:45,345 --> 00:19:46,825 $19 billion. 367 00:19:47,944 --> 00:19:50,024 And he was only 28, 368 00:19:51,424 --> 00:19:54,024 Just one day after he took the company public, 369 00:19:54,065 --> 00:19:56,384 and in the span of their relationship, 370 00:19:56,424 --> 00:19:58,984 he and Priscilla tie the knot in the backyard 371 00:19:59,025 --> 00:20:02,825 of their Palo Alto home in a small surprise ceremony. 372 00:20:04,025 --> 00:20:06,265 The newlyweds went off to spend their honeymoon 373 00:20:06,305 --> 00:20:07,825 in Rome, Italy. 374 00:20:10,305 --> 00:20:12,825 They adopted a dog the named Beast, 375 00:20:12,865 --> 00:20:16,224 who's probably become the world's most famous mop dog. 376 00:20:17,944 --> 00:20:20,345 Beast eventually became the older fur brother 377 00:20:20,384 --> 00:20:24,384 to the couple's first baby girl, Max, 378 00:20:25,305 --> 00:20:28,664 born three years later in December, 2015. 379 00:20:34,704 --> 00:20:38,184 They would have another daughter later on in 2017 380 00:20:38,224 --> 00:20:39,384 named August. 381 00:20:40,984 --> 00:20:43,344 Zuckerberg has said that becoming a father changed the way 382 00:20:43,384 --> 00:20:47,065 he saw the world and how he ran Facebook. 383 00:20:51,224 --> 00:20:54,984 Back in 2010, another social network was created. 384 00:20:55,025 --> 00:20:58,745 One that would become gigantic and there would end up being 385 00:20:58,785 --> 00:21:01,945 the second, most popular social network in the world 386 00:21:01,984 --> 00:21:06,625 after Facebook, Instagram. 387 00:21:09,345 --> 00:21:11,384 This could only mean one thing, 388 00:21:11,424 --> 00:21:14,784 it would be a threat to Zuckerberg's platform. 389 00:21:14,825 --> 00:21:17,025 And so rather than compete with it, 390 00:21:17,065 --> 00:21:21,985 Zuckerberg bought Instagram for $1 billion in 2012, 391 00:21:22,025 --> 00:21:25,185 a shocking sum at that time, for a company with only 392 00:21:25,224 --> 00:21:26,784 13 employees. 393 00:21:29,944 --> 00:21:33,625 Instagram today has over 1 billion users 394 00:21:33,664 --> 00:21:35,984 and contributes over $20 billion 395 00:21:36,025 --> 00:21:37,905 to Facebook's annual revenue. 396 00:21:41,224 --> 00:21:45,824 Facebook also purchased WhatsApp in February, 2014 397 00:21:45,865 --> 00:21:48,224 for a total of around $16 billion. 398 00:21:54,025 --> 00:21:56,745 Since 2008, the tech leader has now become 399 00:21:56,785 --> 00:21:59,945 one of the most influential people in the world. 400 00:22:01,265 --> 00:22:04,785 In 2013, Facebook cracked the Fortune 500 list 401 00:22:04,825 --> 00:22:09,785 for the first time, making Zuckerberg at the age of 28, 402 00:22:09,825 --> 00:22:13,184 the youngest CEO on the list. 403 00:22:13,224 --> 00:22:17,704 And in December, 2016, he was ranked 10th on Forbes list 404 00:22:17,744 --> 00:22:19,864 of the world's most powerful people. 405 00:22:39,424 --> 00:22:42,784 Facebook is now a giant in the tech industry 406 00:22:42,825 --> 00:22:45,825 and no empire is built without damaging something. 407 00:22:46,904 --> 00:22:50,744 I think Facebook has become too big, too powerful. 408 00:22:50,785 --> 00:22:54,384 And the problems that it's creating are significant 409 00:22:54,424 --> 00:22:56,865 and we have the power to reign it in. 410 00:22:56,904 --> 00:22:59,184 We just have to stand up and ask government 411 00:22:59,224 --> 00:23:00,784 to make it happen, 412 00:23:00,825 --> 00:23:03,384 With every success comes criticism. 413 00:23:03,424 --> 00:23:05,904 Although the company has been successful, 414 00:23:05,944 --> 00:23:08,784 it's last decade has also been full of scandals 415 00:23:08,825 --> 00:23:10,105 and accusations. 416 00:23:11,384 --> 00:23:13,144 Over the years Zuckerberg has had to face 417 00:23:13,184 --> 00:23:15,944 several controversies, as he became one of the world's 418 00:23:15,984 --> 00:23:17,865 most powerful people. 419 00:23:17,904 --> 00:23:21,904 And Facebook has been accused of spreading fake news 420 00:23:21,944 --> 00:23:25,105 and issues also included internet privacy. 421 00:23:26,305 --> 00:23:29,785 In 2016 at the Facebook Social Good Forum 422 00:23:29,825 --> 00:23:33,025 in New York City, Zuckerberg announced he had plans 423 00:23:33,065 --> 00:23:34,985 to keep improving the platform. 424 00:23:35,825 --> 00:23:37,985 I think about this work in a few different ways. 425 00:23:38,025 --> 00:23:41,265 First, what can we do to prevent bad things from happening 426 00:23:41,305 --> 00:23:43,225 in the world and to our community? 427 00:23:43,265 --> 00:23:45,985 Second, what can we do when something bad 428 00:23:46,025 --> 00:23:47,384 is actually happening? 429 00:23:47,424 --> 00:23:50,424 And third, what can we do after something bad has happened 430 00:23:50,464 --> 00:23:52,105 to help people out? 431 00:23:52,144 --> 00:23:54,025 We're starting to do more proactive work. 432 00:23:54,065 --> 00:23:56,825 Like when we use artificial intelligence to identify things 433 00:23:56,865 --> 00:23:59,384 that could be bad or harmful and then flag them 434 00:23:59,424 --> 00:24:01,264 so our teams can review them. 435 00:24:01,305 --> 00:24:03,785 Or when someone shares a post that makes it seem 436 00:24:03,825 --> 00:24:05,144 like they might wanna harm themselves. 437 00:24:05,184 --> 00:24:07,704 And we give them, their friends suicide prevention tools 438 00:24:07,744 --> 00:24:10,064 that they can share to get the help that they need. 439 00:24:10,105 --> 00:24:12,904 Safety Check is an example of technology that we've built 440 00:24:12,944 --> 00:24:14,784 to help people during a crisis. 441 00:24:14,825 --> 00:24:16,305 Because when something's going on, 442 00:24:16,345 --> 00:24:18,985 whether it's a natural disaster or a terrorist attack, 443 00:24:19,025 --> 00:24:20,985 there's nothing more important than knowing 444 00:24:21,025 --> 00:24:23,625 that the people you love and care about are safe. 445 00:24:23,664 --> 00:24:26,904 Finally, when a crisis hits, we're also building tools 446 00:24:26,944 --> 00:24:29,784 within Facebook that let people raise money and awareness 447 00:24:29,825 --> 00:24:31,985 to help rebuild their communities. 448 00:24:32,025 --> 00:24:33,665 And this is just the beginning. 449 00:24:33,704 --> 00:24:36,345 The philosophy of everything we do at Facebook 450 00:24:36,384 --> 00:24:38,825 is that our community can teach us what we need to do. 451 00:24:38,865 --> 00:24:41,305 And our job is to learn as quickly as we can 452 00:24:41,345 --> 00:24:43,184 and keep on getting better and better. 453 00:24:43,224 --> 00:24:45,105 And that's especially true when it comes to 454 00:24:45,144 --> 00:24:46,785 helping to keep people safe. 455 00:24:46,825 --> 00:24:49,265 We're gonna keep finding new ways to empower our community 456 00:24:49,305 --> 00:24:51,985 through technology and services in a way that's effective 457 00:24:52,025 --> 00:24:53,785 and that helps people feel comfortable 458 00:24:53,825 --> 00:24:55,985 when they need to use them most. 459 00:24:56,025 --> 00:24:57,985 I'm really proud of the progress we've made 460 00:24:58,025 --> 00:25:00,425 but I knew that there's a lot more than we need to do. 461 00:25:00,464 --> 00:25:02,384 And that's why I hope that you're gonna be inspired 462 00:25:02,424 --> 00:25:03,784 by what you hear today. 463 00:25:03,825 --> 00:25:04,985 And more importantly, 464 00:25:05,025 --> 00:25:07,345 I hope you'll help us build even more tools 465 00:25:07,384 --> 00:25:08,825 to keep our community safe. 466 00:25:22,184 --> 00:25:26,784 Then there was the Cambridge Analytica scandal in 2018 467 00:25:26,825 --> 00:25:29,865 which was another hard blow to Zuckerberg. 468 00:25:29,904 --> 00:25:31,384 He came under fire again 469 00:25:31,424 --> 00:25:34,664 when he pushed the limits on user privacy. 470 00:25:34,704 --> 00:25:36,865 It was revealed that the data analytics firm 471 00:25:36,904 --> 00:25:41,305 with ties to President Donald Trump's 2016 campaign, 472 00:25:41,345 --> 00:25:43,985 improperly obtained data from tens of thousands 473 00:25:44,025 --> 00:25:45,425 of Facebook users. 474 00:25:46,865 --> 00:25:48,904 The information was utilized to target voters 475 00:25:48,944 --> 00:25:51,024 in the US presidential election. 476 00:25:52,424 --> 00:25:55,264 The scandals shook investors confidence in Facebook. 477 00:25:55,305 --> 00:25:58,185 As more people increasingly became frustrated 478 00:25:58,224 --> 00:25:59,824 and angry with the company. 479 00:26:00,984 --> 00:26:04,104 Following the reveal, Zuckerberg testified before Congress 480 00:26:04,144 --> 00:26:06,305 in April, 2018. 481 00:26:06,345 --> 00:26:10,105 He reminded people of the good Facebook can do 482 00:26:10,144 --> 00:26:13,865 while acknowledging the bad it had done. 483 00:26:13,904 --> 00:26:15,785 And as Facebook has grown people everywhere 484 00:26:15,825 --> 00:26:18,904 have gotten a powerful new tool for staying connected 485 00:26:18,944 --> 00:26:23,064 to the people they love, for making their voices heard 486 00:26:23,105 --> 00:26:25,985 and for building communities and businesses. 487 00:26:26,025 --> 00:26:28,705 Just recently, we've seen the Me Too movement 488 00:26:28,744 --> 00:26:31,384 and the March for Our Lives organized at least in part 489 00:26:31,424 --> 00:26:32,984 on Facebook. 490 00:26:33,025 --> 00:26:35,945 After hurricane Harvey, people came together to raise more 491 00:26:35,984 --> 00:26:37,984 than $20 million for relief. 492 00:26:39,305 --> 00:26:42,785 And more than 70 million small businesses use Facebook 493 00:26:42,825 --> 00:26:44,825 to create jobs and grow. 494 00:26:46,105 --> 00:26:48,184 But it's clear now that we didn't do enough 495 00:26:48,224 --> 00:26:51,625 to prevent these tools from being used for harm as well. 496 00:26:51,664 --> 00:26:54,625 And that goes for fake news, foreign interference 497 00:26:54,664 --> 00:26:57,784 in elections and hate speech, as well as developers 498 00:26:57,825 --> 00:26:58,825 and data privacy. 499 00:27:00,025 --> 00:27:03,065 We didn't take a broad enough view of our responsibility 500 00:27:03,105 --> 00:27:06,625 and that was a big mistake and it was my mistake. 501 00:27:06,664 --> 00:27:07,384 And I'm sorry. 502 00:27:08,664 --> 00:27:10,345 I started Facebook. 503 00:27:10,384 --> 00:27:11,704 I run it. 504 00:27:11,744 --> 00:27:13,704 And I'm responsible for what happens here. 505 00:27:15,744 --> 00:27:20,024 In 2019, the FTC fined Facebook $5 billion 506 00:27:21,025 --> 00:27:23,905 over violations of user privacy. 507 00:27:23,944 --> 00:27:26,424 A record breaking fine for a tech company. 508 00:27:29,065 --> 00:27:32,865 The database that Facebook has amassed is humongous. 509 00:27:32,904 --> 00:27:35,345 It is no surprise that the company and its creator 510 00:27:35,384 --> 00:27:37,384 have drawn a lot of controversies. 511 00:27:38,825 --> 00:27:41,345 Many have struggled to understand the business model 512 00:27:41,384 --> 00:27:43,865 of the social media giant. 513 00:27:43,904 --> 00:27:47,625 For some, it has become too big to regulate 514 00:27:47,664 --> 00:27:49,224 and they asked the question, 515 00:27:50,785 --> 00:27:52,745 "should we still trust it?" 516 00:28:01,825 --> 00:28:04,705 Zuckerberg's reputation was threatened many times over 517 00:28:04,744 --> 00:28:07,704 and he has had to learn how to manage his anxiety 518 00:28:07,744 --> 00:28:10,625 as well as his public image. 519 00:28:10,664 --> 00:28:12,865 However, the negative image from his accusation 520 00:28:12,904 --> 00:28:16,345 seemingly did little to slow the company's progress. 521 00:28:16,384 --> 00:28:20,865 After a surge in his company's stock price in 2018, 522 00:28:20,904 --> 00:28:23,424 Zuckerberg, unseated Warren Buffet 523 00:28:23,464 --> 00:28:26,384 and became the world's third richest person 524 00:28:26,424 --> 00:28:30,264 behind fellow tech billionaires, Jeff Bezos and Bill Gates. 525 00:28:35,825 --> 00:28:39,105 In the end, Zuckerberg seems to want to prove to the world 526 00:28:39,144 --> 00:28:41,305 that he is just a normal person. 527 00:28:42,505 --> 00:28:46,025 To this day he still wears a signature, casual gray T-shirt 528 00:28:46,065 --> 00:28:48,384 and jeans on a daily basis. 529 00:28:48,424 --> 00:28:51,345 Even in major business meetings. 530 00:28:51,384 --> 00:28:55,984 His style is perhaps the most famous of all tech CEOs. 531 00:28:56,025 --> 00:28:58,745 Seeing he consistently wears the same outfit. 532 00:28:59,424 --> 00:29:01,345 However, don't be fooled, 533 00:29:01,384 --> 00:29:05,105 these T-shirts are known to cost at least $300. 534 00:29:06,664 --> 00:29:09,105 He revealed he wears the same clothes over and over again 535 00:29:09,144 --> 00:29:10,944 because he wants to limit the time he spends 536 00:29:10,984 --> 00:29:14,424 making decisions so he can concentrate on real work. 537 00:29:15,984 --> 00:29:18,304 He inspires his employees to keep the office environment 538 00:29:18,345 --> 00:29:20,985 casual, yet productive. 539 00:29:21,025 --> 00:29:23,384 He has said, "I want to clear my life 540 00:29:23,424 --> 00:29:26,184 so that I have to make as few decisions as possible 541 00:29:26,224 --> 00:29:30,344 about anything except how to best serve this community." 542 00:29:31,825 --> 00:29:33,065 With all this wealth, 543 00:29:33,105 --> 00:29:35,424 there's one thing the billionaire doesn't seem to mind 544 00:29:35,464 --> 00:29:38,944 splurging on, real estate. 545 00:29:38,984 --> 00:29:41,784 And he has a knack for buying surrounding properties 546 00:29:41,825 --> 00:29:44,904 to the ones he buys to ensure his privacy. 547 00:29:55,825 --> 00:30:00,144 In 2014, his real estate portfolio jumped even more, 548 00:30:00,184 --> 00:30:03,304 as he spent $100 million on two properties 549 00:30:03,345 --> 00:30:04,985 on the Island of Kauai. 550 00:30:07,825 --> 00:30:09,825 An immense former sugar plantation 551 00:30:13,345 --> 00:30:16,345 and a huge property with a white sand beach. 552 00:30:19,384 --> 00:30:21,984 Zuckerberg said he and Chan bought the land 553 00:30:22,025 --> 00:30:25,825 because they're dedicated to preserving its natural beauty. 554 00:30:25,865 --> 00:30:28,345 According to his Facebook page, the property's farm 555 00:30:28,384 --> 00:30:30,664 is even home to goats and turtles. 556 00:30:37,664 --> 00:30:40,105 He's also bought properties on Lake Tahoe 557 00:30:40,144 --> 00:30:43,785 costing $59 million combined. 558 00:30:43,825 --> 00:30:46,705 He owns in total 10 properties. 559 00:30:49,025 --> 00:30:52,265 Zuckerberg doesn't appear to travel much for pleasure, 560 00:30:52,305 --> 00:30:55,345 but when he does travel Facebook foots the bill. 561 00:31:02,704 --> 00:31:06,144 In 2018, Facebook approved a record high 562 00:31:06,184 --> 00:31:09,825 $10 million annual security budget for Zuckerberg 563 00:31:09,865 --> 00:31:13,424 for bodyguards, security measures for his houses 564 00:31:13,464 --> 00:31:15,064 and private aircraft. 565 00:31:20,904 --> 00:31:25,904 On May 25th, 2017 at Harvard's 366 commencement day, 566 00:31:27,384 --> 00:31:31,184 Zuckerberg received an honorary degree from Harvard. 567 00:31:32,785 --> 00:31:35,345 He gave an emotional commencement speech 568 00:31:35,384 --> 00:31:38,144 as he recalled his old days of the school 569 00:31:38,184 --> 00:31:40,424 and how Facebook might never have happened 570 00:31:40,464 --> 00:31:42,304 without him being there. 571 00:31:47,144 --> 00:31:49,184 Change starts local. 572 00:31:50,744 --> 00:31:54,424 Even global change starts small with people like us. 573 00:31:55,585 --> 00:31:59,825 In our generation, the struggle of whether we connect more, 574 00:31:59,865 --> 00:32:02,224 whether we achieve our greatest opportunities, 575 00:32:02,265 --> 00:32:04,384 comes down to this, 576 00:32:04,424 --> 00:32:09,384 your ability to build communities and create a world 577 00:32:10,944 --> 00:32:13,625 where every single person has a sense of purpose. 578 00:32:15,224 --> 00:32:18,344 In August, 2020, one of his genius moves 579 00:32:18,384 --> 00:32:23,384 propelled Zuckerberg's personal net worth over $100 billion 580 00:32:24,144 --> 00:32:25,785 for the first time. 581 00:32:25,825 --> 00:32:28,265 Facebook launched in over 50 countries 582 00:32:28,305 --> 00:32:32,144 a new Instagram feature that competed directly with TikTok 583 00:32:32,184 --> 00:32:35,865 in the US, Instagram Reels. 584 00:32:37,224 --> 00:32:40,744 We live in a society that never stops evolving, 585 00:32:40,785 --> 00:32:43,345 Zuckerberg hasn't stopped innovating, and coming up 586 00:32:43,384 --> 00:32:45,424 with new ideas. 587 00:32:45,464 --> 00:32:48,664 He has understood that constant innovation is crucial 588 00:32:48,704 --> 00:32:50,384 to make it in modern society. 589 00:32:52,224 --> 00:32:54,144 We're here to talk about online platforms, 590 00:32:54,184 --> 00:32:57,825 but I think the true nature of competition is much broader. 591 00:32:57,865 --> 00:32:59,785 When Google bought YouTube, they could compete against 592 00:32:59,825 --> 00:33:02,985 the dominant player in the video, that's the cable industry. 593 00:33:03,025 --> 00:33:05,665 When Amazon bought Whole Foods, they could compete against 594 00:33:05,704 --> 00:33:07,184 Kroger's and Walmart. 595 00:33:07,224 --> 00:33:10,304 When Facebook bought WhatsApp, we can compete against telcos 596 00:33:10,345 --> 00:33:13,825 who used to charge 10 cents a text message, but not anymore. 597 00:33:13,865 --> 00:33:16,825 Now people can watch video, get groceries delivered 598 00:33:16,865 --> 00:33:21,345 and send private messages for free, that's competition. 599 00:33:21,384 --> 00:33:24,825 New companies are created all the time, all over the world. 600 00:33:24,865 --> 00:33:27,184 And history shows that if we don't keep innovating 601 00:33:27,224 --> 00:33:30,384 someone will replace every company here today. 602 00:33:30,424 --> 00:33:33,744 And that change can often happen faster than you expect. 603 00:33:45,025 --> 00:33:47,384 Today as the world battles the COVID-19 604 00:33:47,424 --> 00:33:51,065 global pandemic and people are shielded at home, 605 00:33:51,105 --> 00:33:55,065 Facebook has become a go-to communications tool. 606 00:33:55,105 --> 00:33:59,025 Zuckerberg along with Jeff Bezos has had the biggest gains 607 00:33:59,065 --> 00:34:00,424 in 2020. 608 00:34:05,464 --> 00:34:09,344 The 36 year old became the third centibillionaire 609 00:34:09,385 --> 00:34:10,625 on earth. 610 00:34:11,945 --> 00:34:15,385 But for him starting Facebook was not about the money. 611 00:34:15,425 --> 00:34:17,985 Little did he know that the small website he was running 612 00:34:18,025 --> 00:34:19,704 out of his dorm room would become 613 00:34:19,744 --> 00:34:22,864 the multi-billion dollar corporation it is today, 614 00:34:23,784 --> 00:34:25,704 but he had a vision. 615 00:34:25,744 --> 00:34:29,304 And he said, "the thing I really care about is the mission, 616 00:34:29,344 --> 00:34:31,704 making the world open." 617 00:34:50,824 --> 00:34:52,824 So thanks to Facebook profits, 618 00:34:52,864 --> 00:34:55,864 Zuckerberg became the world's youngest billionaire. 619 00:34:56,985 --> 00:34:58,265 He started a family 620 00:35:00,144 --> 00:35:04,425 and bought up big multi-million dollar properties. 621 00:35:04,465 --> 00:35:07,065 For sure his wealth has allowed him to have 622 00:35:07,105 --> 00:35:09,105 a privileged life. 623 00:35:09,144 --> 00:35:11,344 To most people, Mark Zuckerberg is only 624 00:35:11,385 --> 00:35:14,345 the multi-billionaire CEO, 625 00:35:14,385 --> 00:35:16,785 but there's also another way to see him. 626 00:35:16,824 --> 00:35:20,784 He is also a devoted and loving father and husband. 627 00:35:20,824 --> 00:35:23,984 He regularly shares candid photos of his family on Facebook 628 00:35:24,025 --> 00:35:27,785 and the Instagram, to show the world that he is embracing 629 00:35:27,824 --> 00:35:29,224 being a father. 630 00:35:57,824 --> 00:35:59,984 But ultimately, luxury isn't the only thing 631 00:36:00,025 --> 00:36:02,825 that Zuckerberg has put millions into. 632 00:36:02,864 --> 00:36:06,384 In fact, his main priority is giving his money away 633 00:36:06,425 --> 00:36:08,025 rather than spending it. 634 00:36:09,025 --> 00:36:12,345 He has pledged hundreds of millions to charity, 635 00:36:12,385 --> 00:36:16,785 at 36 he is doing his part to spread the wealth around. 636 00:36:16,824 --> 00:36:20,024 Zuckerberg and his wife are generous philanthropists, 637 00:36:20,065 --> 00:36:22,385 investing billions in childhood education 638 00:36:22,425 --> 00:36:23,985 and medical research. 639 00:36:25,304 --> 00:36:28,864 In 2010, Zuckerberg announced on the Oprah Winfrey Show 640 00:36:28,905 --> 00:36:32,385 that he was donating $100 million to the public schools 641 00:36:32,425 --> 00:36:33,985 of New Jersey. 642 00:36:36,945 --> 00:36:38,184 Okay. 643 00:36:38,224 --> 00:36:40,985 So okay, why education and why Newark? 644 00:36:41,025 --> 00:36:42,345 Why education? 645 00:36:42,385 --> 00:36:45,025 Because every child deserves a good education, 646 00:36:45,065 --> 00:36:46,385 and right now that's not happening. 647 00:36:50,824 --> 00:36:52,904 I've had a lot of opportunities in my life. 648 00:36:52,945 --> 00:36:55,664 And a lot of that comes from, having gone 649 00:36:55,704 --> 00:36:56,864 to really good schools. 650 00:36:56,905 --> 00:36:59,345 And I just wanna do what I can to make sure that everyone 651 00:36:59,385 --> 00:37:00,985 has those same opportunities. 652 00:37:01,025 --> 00:37:02,305 The couple announced that year 653 00:37:02,344 --> 00:37:04,984 that they were signing on to The Giving Pledge, 654 00:37:05,025 --> 00:37:07,785 joining Bill Gates and Warren Buffet, 655 00:37:07,824 --> 00:37:10,024 a commitment made by billionaires to give away 656 00:37:10,065 --> 00:37:12,905 more than half of their wealth during their lifetimes 657 00:37:12,945 --> 00:37:14,625 or in their wills. 658 00:37:15,744 --> 00:37:17,904 "We will spend our lives working to make sure 659 00:37:17,945 --> 00:37:20,265 future generations have the greatest opportunities 660 00:37:20,304 --> 00:37:23,065 possible," the couple wrote in a letter. 661 00:37:24,224 --> 00:37:26,904 In December, 2015, they founded 662 00:37:26,945 --> 00:37:29,225 the Chan Zuckerberg Initiative, 663 00:37:29,264 --> 00:37:32,025 that will focus on health and education. 664 00:37:32,065 --> 00:37:35,264 And pledged to give away 99% of their Facebook stake 665 00:37:35,304 --> 00:37:38,264 over their lifetimes to improve lives. 666 00:37:44,744 --> 00:37:47,384 They have donated $25 million toward fighting 667 00:37:47,425 --> 00:37:49,144 the Ebola virus. 668 00:37:49,184 --> 00:37:51,985 And have said their goal is to cure all diseases 669 00:37:52,025 --> 00:37:54,105 in the lifetime of their daughters. 670 00:37:54,144 --> 00:37:56,784 A couple of weeks ago, Priscilla and I made a donation 671 00:37:56,824 --> 00:37:58,625 to help the people on the ground leading the fight 672 00:37:58,664 --> 00:38:00,065 against Ebola. 673 00:38:00,105 --> 00:38:03,105 Stopping Ebola is something we both really care about. 674 00:38:03,144 --> 00:38:04,985 The Ebola epidemic in West Africa 675 00:38:05,025 --> 00:38:07,905 has become one of the biggest health crises in the world. 676 00:38:07,945 --> 00:38:09,985 Thousands of lives have already been lost. 677 00:38:10,025 --> 00:38:12,945 And if we don't act now, then many more people will suffer, 678 00:38:12,985 --> 00:38:16,105 and Ebola could become a long-term global crisis. 679 00:38:16,144 --> 00:38:18,985 At Facebook, we wanna make sure that we do our part 680 00:38:19,025 --> 00:38:21,305 to help in the fight against Ebola 681 00:38:21,344 --> 00:38:24,304 Amid the Corona outbreak in 2020, 682 00:38:24,344 --> 00:38:27,264 Zuckerberg also donated $25 million 683 00:38:27,304 --> 00:38:30,024 to the Bill and Melinda Gates Foundation 684 00:38:30,065 --> 00:38:32,905 that is searching for treatments for the disease. 685 00:38:40,864 --> 00:38:44,625 Mark Zuckerberg changed the game of the internet forever. 686 00:38:44,664 --> 00:38:48,264 Ever since Facebook came, everything's sped up, 687 00:38:48,304 --> 00:38:50,664 connecting, advertising, marketing. 688 00:38:51,864 --> 00:38:54,304 Everything started on this one platform. 689 00:38:55,784 --> 00:38:58,304 And even today, when people claim that Facebook 690 00:38:58,344 --> 00:39:00,384 is losing its popularity, 691 00:39:00,425 --> 00:39:05,144 it gets roughly 7,000 people registered in every 15 minutes. 692 00:39:07,025 --> 00:39:09,385 It is even popular in China where it's banned 693 00:39:09,425 --> 00:39:10,345 by the government. 694 00:39:11,864 --> 00:39:14,384 Almost everyone today who has access to the internet 695 00:39:14,425 --> 00:39:16,225 has a Facebook account too. 696 00:39:17,704 --> 00:39:19,784 However controversial it may be, 697 00:39:21,144 --> 00:39:25,184 Facebook is in the game for the long run. 698 00:39:31,184 --> 00:39:34,384 The tech industry is an American success story. 699 00:39:34,425 --> 00:39:36,185 The products we build have changed the world 700 00:39:36,224 --> 00:39:38,184 and improved people's lives. 701 00:39:38,224 --> 00:39:39,784 Our industry is one of the ways 702 00:39:39,824 --> 00:39:42,184 that America shares its values with the world, 703 00:39:42,224 --> 00:39:45,304 and one of our greatest economic and cultural exports. 704 00:39:46,224 --> 00:39:48,424 Facebook is part of this story. 705 00:39:48,465 --> 00:39:51,985 We started with an idea to give people the power to share 706 00:39:52,025 --> 00:39:53,184 and connect. 707 00:39:53,224 --> 00:39:57,184 And we built services that billions of people find useful. 708 00:39:57,224 --> 00:40:00,105 I'm proud that we've given people who've never had a voice 709 00:40:00,144 --> 00:40:02,784 before, the opportunity to be heard 710 00:40:02,824 --> 00:40:05,384 and given small businesses access to tools 711 00:40:05,425 --> 00:40:08,345 that only the largest players used to have. 712 00:40:08,385 --> 00:40:11,705 Since COVID emerged, I'm proud that people have used 713 00:40:11,744 --> 00:40:15,025 our services to stay in touch with friends and family, 714 00:40:15,065 --> 00:40:16,825 who they can't be with in person. 715 00:40:16,864 --> 00:40:19,625 And to keep their small businesses running online 716 00:40:19,664 --> 00:40:21,704 when physical stores are closed. 717 00:40:22,704 --> 00:40:25,105 I believe that Facebook and the US tech industry 718 00:40:25,144 --> 00:40:27,985 are a force for innovation and empowering people. 719 00:40:28,025 --> 00:40:30,744 But I recognize that there are concerns about the size 720 00:40:30,784 --> 00:40:32,304 and power of tech companies. 721 00:40:37,465 --> 00:40:40,144 Mark Zuckerberg was only just 19 722 00:40:40,184 --> 00:40:42,065 when he built the social media giant 723 00:40:42,105 --> 00:40:44,744 out of his small campus dorm room 724 00:40:44,784 --> 00:40:48,024 and changed the world and the internet forever. 725 00:40:49,025 --> 00:40:51,945 Facebook has strived for more than a decade 726 00:40:51,985 --> 00:40:55,144 after an extraordinary growth in size and influence, 727 00:40:56,385 --> 00:40:59,105 the internet pioneer has led the company through the years, 728 00:40:59,144 --> 00:41:02,144 through scandals, challenges and turmoil, 729 00:41:02,184 --> 00:41:04,864 and yet, it is still standing. 730 00:41:06,065 --> 00:41:08,945 Undoubtedly, it is an enormous success story. 731 00:41:10,105 --> 00:41:12,385 Facebook now has more than 2 billion users 732 00:41:12,425 --> 00:41:14,385 all around the world. 733 00:41:14,425 --> 00:41:17,664 It has made people able to connect more than ever before. 734 00:41:18,824 --> 00:41:21,264 Thanks to Zuckerberg, people around the globe 735 00:41:21,304 --> 00:41:24,304 can easily keep in touch with all their families 736 00:41:24,344 --> 00:41:27,824 and it rallies people together through groups and fan pages. 737 00:41:29,224 --> 00:41:32,944 Not so long ago, society to not have such an opportunity. 738 00:41:34,105 --> 00:41:36,865 So although its true value is debatable, 739 00:41:36,905 --> 00:41:39,665 it's safe to say that Facebook and its creator, 740 00:41:39,704 --> 00:41:42,784 are two of the 21st centuries, most influential, 741 00:41:42,824 --> 00:41:45,984 controversial and powerful figures. 742 00:41:47,385 --> 00:41:51,225 Mistakes were made along way, but they paid off in the end. 743 00:41:52,385 --> 00:41:56,345 Taking risks is one of the secrets to Zuckerberg's success. 744 00:41:56,385 --> 00:42:00,865 He claims, "the biggest risk is not taking any risk." 745 00:42:02,224 --> 00:42:05,224 Mark Zuckerberg remained true to his initial vision 746 00:42:05,264 --> 00:42:09,625 and his one social mission, connecting people, 747 00:42:09,664 --> 00:42:14,264 building community and bringing the world closer together. 748 00:42:14,304 --> 00:42:17,984 He has succeeded far and wide. 749 00:42:18,025 --> 00:42:20,945 He has built an empire. 750 00:42:22,465 --> 00:42:26,265 My top priority has always been our social mission 751 00:42:26,304 --> 00:42:28,944 of connecting people, building community 752 00:42:28,985 --> 00:42:31,385 and bringing the world closer together. 753 00:42:31,425 --> 00:42:34,385 Advertisers and developers will never take priority 754 00:42:34,425 --> 00:42:37,065 over that as long as I'm running Facebook. 755 00:42:38,425 --> 00:42:41,025 I started Facebook when I was in college, 756 00:42:41,065 --> 00:42:43,184 we've come a long way since then. 757 00:42:43,224 --> 00:42:47,065 We now serve more than 2 billion people around the world, 758 00:42:47,105 --> 00:42:50,224 and every day people use our services to stay connected 759 00:42:50,264 --> 00:42:52,264 with the people that matter to them most. 760 00:42:53,425 --> 00:42:55,745 I believe deeply in what we're doing. 761 00:42:55,784 --> 00:42:58,984 And I know that when we address these challenges 762 00:42:59,025 --> 00:43:01,144 we'll look back and view helping people connect 763 00:43:01,184 --> 00:43:03,824 and giving more people a voice, as a positive force 764 00:43:03,864 --> 00:43:04,744 in the world. 765 00:43:20,456 --> 00:43:25,456 Provided by explosiveskull https://twitter.com/kaboomskull 63137

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