On October 28, 2003, 19-year-old Harvard University sophomore Mark Zuckerberg is dumped by his girlfriend, Erica Albright. Returning to his dorm, Zuckerberg writes an insulting post about Albright on his LiveJournal blog. He creates a campus website called Facemash by downloading photos of female students from house face books, then allowing site visitors to rate their attractiveness. After traffic to the site crashes parts of Harvard's computer network, Zuckerberg is given six months of academic probation. However, Facemash's popularity attracts the attention of twins Cameron and Tyler Winklevoss and their business partner Divya Narendra. The trio invites Zuckerberg to work on Harvard Connection, a social network exclusive to Harvard students and aimed at dating. Zuckerberg approaches his friend Eduardo Saverin with an idea for Thefacebook, a social networking website that would be exclusive to Ivy League students. Saverin provides $1,000 in seed funding, allowing Zuckerberg to build the website, which quickly becomes popular. When they learn of Thefacebook, the Winklevoss twins and Narendra are incensed, believing that Zuckerberg stole their idea while misleading them by stalling development on the Harvard Connection website. They raise their complaint with Harvard President Larry Summers, who is dismissive and sees no value in disciplinary action on Thefacebook or Zuckerberg.

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