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The Success of Facebook

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Successful can be defined as “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 Michael Dell founder of Dell Computers. Both showed great qualities such as the ability to think of an innovative idea, a hard-working ethos, risk taking and determination from as early as 12 years old which ultimately shaped their future. Today, they are prime examples of young people who “made it big” and are looked up to by many aspiring businessmen.

For a young person to establish themselves as successful from an early age the most significant thing they could possess is an innovative, original idea to shine in a field where nobody has been before. This can be seen when one of the most recognised and successful young billionaire to this day Mark Zuckerberg (Thompson, 2008) stumbled upon Facebook when he created an infamous website during his sophomore year called “Facemash” a “hot or not” application based on Harvard University students. The idea behind this application was to retrieve student images from the Harvard database displaying them side-by-side on the site asking visitors to vote ...

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...ble: http://www.forbes.com/profile/Michael-Dell. Last accessed 2nd of May 2011.

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Gifford, Clive. (2007). 21st Century Lives - Millionaires. London: Wayland.

Snead, Jacquie. (2009). The Social Impact of Facebook. Available: http://socialimpact.wikispaces.com/The+Social+Impact+of+Facebook. Last accessed 10th April 2011.

Thompson, Clive. (2008). Brave New World of Digital Intimacy . Available: http://www.nytimes.com/2008/09/07/magazine/07awareness-t.html?pagewanted=4&ei=5124&en=b87f67f56fa2fbe2&ex=1378440000&partner=permalink&exprod=permalink. Last accessed 13th March 2011.

60 Minutes. (2008). The Face Behind Facebook. Available: http://www.cbsnews.com/video/watch/?id=3706601n. Last accessed 1st May 2011.
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