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Facebook was founded on February 4, 2004. On February 5, we were feeling pretty confident, even from observing the first few hours of usage. Students used it like crazy. They'd sign up then spend the next 3-4 hours on it. Then we'd go to lecture hall and see it on every computer screen there.

I remember when MySpace came out. It did do something pretty incredible - which was unite people around the world with common interests and common tastes.

Facebook was founded on February 4th, 2004, and around February 5th, we were feeling pretty confident it would be bigger. We would see Facebook on every single laptop in class. We knew there was a bigger story here.

A lot of people have put their lives online and are using MySpace to manage their social lives.

Myspace alone has just over 80 million users and ranks as the sixth most popular English language website and the eighth most popular site in the world.

The problem with Myspace was always that it was never as strong a product as it needed to be. It left itself vulnerable to competition. It was only a matter of time before someone created something better.

From the day Facebook launched in 2004, the profile was the most critical page on the site.

I joined MySpace in September 2003. At that time no one was on there at all. I felt like a loser while all the cool kids were at some other school. So I mass e-mailed between 30,000 and 50,000 people and told them to come over. Everybody joined overnight.

When I started Facebook from my dorm room in 2004, the idea that my roommates and I talked about all the time was a world that was more open.