Active Stocks
Fri Apr 19 2024 15:56:00
  1. Tata Steel share price
  2. 162.10 1.31%
  1. Tata Motors share price
  2. 963.20 -0.84%
  1. NTPC share price
  2. 350.90 -0.14%
  1. ITC share price
  2. 424.80 1.40%
  1. Power Grid Corporation Of India share price
  2. 281.70 0.54%
Business News/ Technology / Zuckerberg marks 20 years of Facebook: Reflects on past, envisions, ‘The best is yet to come’

Zuckerberg marks 20 years of Facebook: Reflects on past, envisions, ‘The best is yet to come’

Mark Zuckerberg celebrates Facebook's 20th anniversary, reflecting on its evolution and hinting at a future brimming with possibilities.

For representation purposes onlyPremium
For representation purposes only

Mark Zuckerberg, the visionary behind Facebook, commemorated the platform's 20th anniversary on February 4th, marking two decades since its inception in 2004. Facebook has evolved into a global phenomenon, remaining a central hub for connection and communication worldwide.

Zuckerberg reflected on the journey in a heartfelt Instagram post, sharing a montage video encapsulating pivotal moments from the past two decades.

"I have a feeling this is going to go by really fast," the clip begins, set to the poignant tune of Aerosmith's "Dream On." From early snapshots with initial collaborators like Eduardo Saverin to moments with his wife, Priscilla Chan, and former Meta COO Sheryl Sandberg, the footage serves as a nostalgic journey through Facebook's evolution.

The anniversary, however, also revisits the turbulent chapters in Facebook's history. The fallout between Zuckerberg and Saverin, highlighted in the 2010 film "The Social Network," underscored the complexities of entrepreneurship and friendship. Legal disputes arose as Zuckerberg's decisions regarding share allocation and fund management were contested.

Despite challenges, Facebook's impact remains undeniable. In 2023, it boasted over 3 billion monthly users, showcasing a steady growth trajectory under Zuckerberg's leadership.

As Zuckerberg aptly captions, "20 years in. Still at it," the sentiment echoes a relentless commitment to innovation and progress. With Meta, the parent company of Facebook, leading the charge, the tech giant hints at a future brimming with possibilities, affirming that the best is yet to come.

Meanwhile, following a challenging period, Meta is experiencing a remarkable resurgence with substantial growth in revenue and significant profit increases, driven by strategic cost-cutting measures.

Previously it was reported that the company's stock has reached a record high, surging approximately 20% after Meta's quarterly results surpassed Wall Street's expectations. As a result, the co-founder Mark Zuckerberg's net worth, associated with Facebook, increased by an impressive $27.1 billion. Currently valued at $169.5 billion, he has now become the fourth wealthiest individual, surpassing Bill Gates, according to the Bloomberg Billionaires Index.



Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 05 Feb 2024, 01:10 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App