Chris Hughes was born on 26 November, 1983. He was born in Hickory, Carolina. Chris Hughes is an American entrepreneur. He is the original co-founder of Facebook. He served as a spokesman for the online social networking site, Facebook. He is the co-founder along with the room-mates of Harvard Mark Zuckerberg, Dustin Moskovitz and Eduardo Saverin. Not only is this, he is a publisher and editor-in-chief of The New Republic. He officially purchased the magazine, The New Republic in the year 2012.The New Republic is the Washington D.C.- based politics and arts magazine with a liberal bent. The ownership stake is less than 100 percent. This young entrepreneur is an inspiring man to other young people. He served a great work in the Facebook and without his support Facebook wouldn’t have reach the heights, it is today. He completed his degree of graduation in the year 2006. His net worth is $850 million as reported in the year 2013.

Early Life

Chris Hughes was born in Hickory, North Carolina. He was raised as an evangelical Lutheran and is the only child of his parents. His parents are “Ray Hughes”, father, who was a paper salesman and mother, Brenda Hughes, who is a public school teacher. This young man completed his graduation from Phillips Academy in Andover, Massachusetts. In the year 2006, Chris Hughes was graduated magna cum laude from Harvard University with the degree of Bachelor of Arts in the subject of History and Literature.

Personal Life

Talking about his personal life he is a Gay. As reported in the year 2009, he attended the official first state dinner at Barack Obama’s place along with his husband Sean Eldridge. Sean Eldridge is a political Director of Freedom to Marry. They attended the dinner at Obama’s place when they were just in relationship. Later in the year 2011 in the month of January, it was announced that Sean and Chris will get engaged at the reception in support of Freedom of Marry. Finally, they got married in the year 2012. They together did a hell of fun and reside in the New York in a $2 million residence. Chris Hughes is a very young and multi-millionaire personality. Not only is this, he played a role of an actor in the film, The Social Network.

Career

First of all, he was the coordinator of My.Barackbama.com, which is an online Barack Obama’s 2008 presidential campaign, in short, he was the coordinator of the campaign’s online social networking website. He us the master on computer works and very good at coding and development of the software. In the year 2009, he was the cover story of the magazine Fast Company. Beside this, the headline of the magazine was “The Kid Who Made Obama President; How Facebook Cofounder Chris Hughes Unleashed Barack’s Base- and Changed Politics and Marketing Forever.” Not only is this , in the year 2009, March, it was announced that Hughes was named Entrepreneur in Residence at General Catalyst Partners, a Cambridge Massachusetts which is venture-capital firm, from the start of his career he was counted as an entrepreneur.

Now in the year 2010, he founded the Jumo, which is a non-profit social network organization. He was actually the Executive Officer of Jumo which ultimately aims to help people in finding the ways to help the World. In the month of July, 2010, the society UNAIDS appointed Chris Hughes to a 17 member “High Level Commission” of the renowned politicians, business leaders, human rights activists and the unavoidable scientists. The society aims at spearheading a “social and political action campaign over the coming year at galvanizing support for effective HIV prevention programmes. UNAIDS is the abbreviation of joint United Nations Programme on HIV/AIDS. In the year 2011, he was invitee of the Bildberg Group and the Swiss 2011 Bildberg conference at the Suvretta House in St. Moritz, Switzerland. And recently in the year 2012, he purchased a majority stake of the magazine, The New Republic and become the editor-in-chief.

Richness

Chris Hughes’s net worth is $850 million. He is one of the youngest entrepreneur of the era. He owned a $2 million house in the district of New York with the reported purpose of permitting Edridge to run the Congressional seat there and they both lived a legendary life. This “sleek and sexy ” home has two bedroom, two bath in Shokan with an in ground pool and a hot tub, overlooking the Ashokan Reservior this palce is really modern and definitely a rich wants to enjoy such place and become happy. Not only is this the couple bought a loft in the year 2010, 50 miles south in Soho, which is purchased for $5 million.  is most of his fortune came from the Facebook Company and is now the editor-in-chief of The New Republic magazine. Not only is this, he invested in Upworthy in October, 2012 and in March of the same year, he invested in NationBuilder. In the year 2011, he was added a position as VP Marketing at Medivo and invested in Fancy in the year 2010. The story is not over yet, he also added to General Catalyst Partners and as a co-founder and Executive Director at Jumo and as a managing Director at MondayCallSolutions and as a Board Member at Fancy.

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Facebook is the most popular social networking platform prevailing today. It was on February 4, 2004 that this giant social networking service was founded. This means that on February 3 this year, Facebook celebrated its 10th anniversary. Currently, Mark Zuckerberg is the chairman and the CEO of Facebook. However, it was not only this man who was behind the story of Facebook, instead, a group of his college friends including Eduardo Saverin, Dustin Moskovitz, Andrew McCollum and Chris Hughes was behind it. In the beginning, only the Harvard students had an access to this website, but gradually, its popularity grew and eventually, Facebook was made open to anybody who was above the age of 13 years. That means, you an now enjoy Facebook even if you are under the age of 18 but above the age of 13.
The headquarters of Facebook are located in Menlo Park, California. It was on February 1, 2012 that Facebook went public. Later, in the month of May, the same year, Facebook Inc. offered stocks for trading to the NASDAQ. Facebook was also added to the Fortune 500 list in May 2013 and at that time, it was on number 462. The reason why this company was added to the prestigious Fortune 500 list of companies is that it earned $5 billion in 2012 alone.

How to Use Facebook?

In order to use Facebook and its services, it is mandatory for all the users to create an account on it. As the tagline of the Facebook says, “Sign up now! It’s free and will always be,” you need not pay any money to create an account. You can edit your profile as many times as you want and to exploit the service, it is advisable that you add some friends. But, the other users would need to accept your friend request before you can start exploring Facebook. You can exchange messages with other users and get notifications when any of your friend updates his/her profile. Groups and lists can also be created. You can add your close friends to the list of close friends and your family members to the list of Family. Options for adding friends to People from work is also available.

Facebook Facts

As for now, Facebook has more than a billion users who sign in every day. But, you would be surprised to know that 9% of these profiles are fake. Till now, 180 petabytes of data has been uploaded to Facebook and within every 24 hours, approximately half petabyte of data is being added to Facebook. As far as the market capitalization and growth is considered, Facebook deserves to be called the 5th most successful start-up company.

People not only use Facebook to connect with their school friends, college mates and co-workers, but they also use it to stalk their exes, remember the birthdays of their friends and play games on Facebook.

Facebook is the most used social networking giant and if we count the monthly users, no other website has this much traffic. It was in the year 2005 that Accel partners invested an amount of $12.7 million in this social networking website. Later on, in the same year, Jim Breyer also invested $1 million in Facebook.

Facebook Value

It was in the year 2012 only that Facebook’s value reached $104 billion. This was a huge reward as far as any company’s market capitalisation is concerned. Later on, in January 2013, the value even got up to $134 billion. If we take the data of January 2014, 1.23 billion users have already been registered on Facebook. Another great achievement of Facebook is worth to mention here, around 945 million users of Facebook use it via the mobile devices.

Sheryl Sandberg, the chief operating officer at Facebook Inc., one declared that when Facebook was started, the founders did not have business motives in their mind, rather, they had a vision to connect the world and till this day, the company officials are striving to achieve that goal only.

Facebook Revenue

The most important question here is – How Facebook manages to earn this huge sum of money? Well, the answer is advertising. Most of the money that rolls back to Facebook is through advertisements only. Owing to the popularity of Facebook, one can rightly guess that creating adverts on Facebook is probably the best way to boost up his/her business. And this is what the company officials take advantage of.

However, you would be surprised to know that Facebook’s click through rate is far below than any of the popular websites. This is because people do not log into Facebook to view content. Rather, they log in to connect with the world. Then, how does Facebook earns through adverts? The huge fan following of Facebook means that there are so many users associated with it and hence, Facebook uses an algorithm to know which user is interested in what kind of content. Using this strategy, only those ads pop up on your Facebook news feed which Facebook thinks you would click on.

Since Mark Zuckerberg is red-green colour blind, it is only the blue colour that he feels is the richest for him, and hence, he has created Facebook in blue colour. Coded in PHP, the PHP turns into C++ when it is compiled, it is done by the HipHop for PHP compiler, which was developed by the Facebook engineers themselves.

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Introduction

Dustin Moskovitz was born on May 22, 1984. He was born in Gainesville, Florida, United States. His ethnicity is Jewish. He is the youngest billionaire in the list of youngest billionaire in the world. At a very young age he joined Facebook and earned a lot. There are some people out there who are very lucky and achieve everything very life in life, Dustin is one among them. He is an American internet entrepreneur who co-founded the social networking website, Facebook. He is a c0-founder of the company Facebook along with Mark Zuckerberg, Edauardo Saverin, Andrew McCollum and Chris Hughes. He worked outstanding in the company Facebook but later on he left it and co-found a new place to earn, Asana. He left the Facebook Company in the year 2008 and is recently working at Asana. He is the world’s best billionaires today as said by several magazine covers and the several surveys. Not only is this he the world’s youngest billionaires as ranked by Forbes in March 2011. He is a self-made person and is very enthusiastic person. He is passionate in getting rich position in the world by his hard work.

Education Life

Dustin was born in Gainsville, Florida but grew up in Ocala, Florida. He is only eight days younger than Mark Zuckerberg. He joined the Vanguard High School in Florida and completed his graduation from IB Diploma Program. Not only this he has attended the most famous and educated university called Harvard University as an Economics major for two years. After completing his degree from Harvard he joined Mark Zuckerberg and moved to Palo Alto. He worked full time in Facebook Company.

Personal life

Cari Tuna is the partner of Dustin Moskovitz. They both work together and recently they together launch the website for the Philanthropic Foundation, good ventures. The site is so much involved in the causes and collects the funds for the charities. It places money directly worth the causes. Last year it set out the Population Services International for the cause that support and eliminate the drug resistance to antimalarial medications and in this cause good venture donated $1 million. He is not tired of helping others and that’s is why is joined the Mark Zuckerberg to sign Giving Pledge which was launched by Bill Gates. He does not behave like a billionaire at all and spends his money only in good use like charity.

Career

He co-founded the Facebook along with his three roomates and later left it in the year 2008. He along with Mark Zuckerberg, Eduardo Saverin and Chris Hughes founded the Facebook in the room of Harverd. The Facebook was earlier known as the thefacebbok.com. It was found with intention to connect all the Harvard students together who reside at different places and identify the members of their residences. In the year 2004, the Facebook was launched with eight employees only. At Facebook, Dustin Moskovitz was the company’s first chief technology officer and later he became the vice president of engineering. His major role was to look after the technical staff and the architecture going on the site.

On October 3, 2008 Dustin left the Facebook Company and form a new company called Asana along with Justin Rosentein who was an Engineering manager at the Facebook. Justin before working at the Facebook also worked at the Goofle. After he left the Facebook Company, the CEO Mark Zuckerber gave the statement that “Dustin has always had Facebook’s best interest at heart and will always be someone I turn to for advice”. He never behave like a millionaire and during his start in Asana he distributed $10,000 to each worker so that they can meet their table requirements and will be able to bring new equipment. Asana is powered by Luna which is a JavaScript based web framework developed by the Company. He is being the biggest angel investor in the mobile phone sharing site which is known as Path. Path is run by a Facebook member, David Morin.  He co-founded the philanthropic organization Good Ventures along with his girlfriend Cari tuna. He founded this in the year 2011. It was announced that Good Ventures is in partnership with charity, GiveWell.

Richness

Dustin Moskovitz is a very rich personality. He is one of the eight youngest personality under the age of 40. His net worth is $5.2 Billion dollar. Currently his most of the fortune is coming from the 6% stake on The Facebook. He is a very rich young man. He owns a Volkswagen R32 Hatchback car which has extraordinary features and run on road as if it is flying in the air. He is a very simple man and never showoff that he is a billionaire. He is only 29 years old and achieved such a big success that is not possible for everyone. The 29 year old man sold 450,000 shares of the company. He also invested in NationBuilder, Oragnizer, Flipboard, Venmo and Top Prospect.He also helped in making sales of 150,000 shares each at between $19.38 and $19.99, earning himself a total of $8.8 million. Despite of the fact that he left Facebook he still holds 126 million shares of Facebook which are worth $2.4 billion.

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