Monday, August 27, 2012

The Social Network

"The Social Network" is a great way to show people how Facebook was created. It shows that creating Facebook wasn't all easy, it shows the problems they had, not only with the website but also with their relationships. However, some people, including Zuckerburg himself, critisized the film for its many inaccuracies.

Plot
In 2003 Mark Zuckerburg was dumped by his girlfriend. He returns drunk to his dorm and writes a blog enrtry about her. This inspired him to create a website called Facemash, which allows users to rate the attractiveness of female students. Facemash's popularity brings Mark to the attention of the Winkelvoss's. Mark accepts a job as a programmer for a proposed dating website called "Harvard Connection."

Mark approches his friend Eduardo Saverin about creating ''TheFacebook'', an online social networking website. Eduardo agrees to help Mark by providing $1000 to start the site. The Winkelvoss twins are convinced that Mark stole their idea when they find that he created "TheFacebook". Mark decides to expand on "TheFacebook" to three more university as it grows in popularity. They arranged a meeting with Napster co-founder Sean Parker. Sean suggests to drop the "The" from "TheFacebook".

Mark moves the company to Palo Alto. After Sean promises to expand Facebook to two continents, Mark invites him to live at the house they are using as company headquaters. When the Winkelvoss twins discover that Facebook has expanded to a number of universities, they decide to sue Mark. When Eduardo finds that Sean is making business decisions, he freezes the companies bank account out of anger. Mark reveals to Eduardo that they have secured a $500,000 investment from Peter Thiel. While visiting the company headquaters for a meeting, Eduardo finds out that the deal he signed with Sean's investors has allowed them to dillute his shares from 34% to 0.03%. He confronts Mark and tells him that he is going to sue him. During a party celebrating the 1 millionth member, Sean is arrested for the possession of cocaine. Sean tells Mark that Eduardo has stashed the cocaine, but Mark does not believe him and tells him to "go home''.

The winkelvosses received a settlement of $65 million. Eduardo recieved an unknown amount and his name was restored to the Facebook masthead as Co-Founder.

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