Saturday, April 26, 2008

Facebook founder Mark Zuckerberg is the youngest self-made billionaire ever
“23 year old, Single, US resident, Harvard University drop out.” I am talking about Mark Zuckerberg, who has become the newest golden boy of technology. Whenhe was at Harvard, he founded an addictive social-networking site Facebook in February 2004. Later, he left school for Silicon Valley that year; scored initial $500,000 investment from PayPal cofounder Peter Thiel. Venture firms soon swooned, among them Accel Partners and Greylock Partners.

Today Facebook boasts 66 million active users. Estimated annual sales: $150 million. Expanding beyond being a college-only message system and photo album; now courting users to 55,000 different high school, business and city networks. Last October, Microsoft bought 1.6% stake for $240 million and this deal led many analysts to suggest the company is worth $15 billion.

His net worth is estimated to be $1.5 billion, which has made this tech savvy boy the youngest billionaire on earth and possibly the youngest self-made billionaire ever.

Thursday, April 24, 2008

China benefitted because of large population
Earlier it was United States but now its China which has become the world's largest in terms of Internet using population.

According to the China Internet Network Information Centre, the number of Internet users in China was 210 million at the end of last year, only 5 million fewer than the U.S. Internet users then. Now China’s internet users have reached 221 million by the end of February and have made their country feel proud in this area.

However China's Internet penetration is still low. With 16 percent of people online, its far below compared with a world average of 19.1 percent.

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