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Kanye West Asks Facebook’s Mark Zuckerberg For $1Billion For His ‘Ideas’

16Feb By reutersNo Comments

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Kanye West Asks Facebook’s Mark Zuckerberg For $1Billion For His ‘Ideas’

Rapper and fashion designer Kanye West, who says he is $53 million in debt, has asked Facebook Inc's Chief Executive Officer Mark Zuckerberg to invest $1 billion into his "ideas." West asked his Twitter followers to urge Zuckerberg to support him. Mark Zuckerberg invest 1 billion dollars into Kanye West ideas — KANYE WEST (@kanyewest) February 14, 2016 World, please tweet, FaceTime, Facebook, instagram, whatever you gotta do to get Mark to support me… — KANYE WEST (@kanyewest) February 15, 2016 Mark, I am publicly asking you for help… — KANYE WEST (@kanyewest) February 15, 2016 The rapper also asked Alphabet Inc CEO Larry Page to help him with his financial troubles. West, who claimed he was "still 53 million dollars in personal debt," said that people do...

Kirthiga Reddy, Facebook India Head Quits

13Feb By AnkitaNo Comments

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Kirthiga Reddy, Facebook India Head Quits

So the results of Free Basics Failure has taken the first bite and it's none other than the first employee of facebook in India and Head of Facebook India, Krithiga Reddy. Krithiga Readdy mentioned this news on her facebook post - When my family relocated to India, we knew that we would move back to the US some day. It’s a bittersweet moment to share that the return timeframe is coming up in the next 6-12 months. Our two daughters start high school and middle school this coming year— which serves as a natural transition point to make this move back. I could not be more excited about where the Facebook business is in India, where we are going and what’s to come. Over the last six years, starting as the first employee for Facebook in India, I have had the privilege to be part of our a...

Net Neutrality: Facebook Shuts Free Basics Programme in India

11Feb By Press Trust of IndiaNo Comments

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Net Neutrality: Facebook Shuts Free Basics Programme in India

New Delhi: In a boost to net neutrality, Facebook has decided to shut down its controversial 'Free Basics' programme in India, following telecom regulator Trai's move to bar operators from charging different rates for Internet access based on content. Facebook had met with severe criticism for its programme, which aimed at providing basic Internet access to people in partnership with telecom operators. Critics saw this as violation of the principle of net neutrality that states that entire Internet should be available to everyone on equal terms as Free Basics allowed access to selected websites. "Free Basics is no longer available to people in India," a Facebook spokesperson said in an emailed response. The service was available in India with Reliance Communications. In Decembe...

Facebook director Andreessen sorry for India Internet remarks

11Feb By reutersNo Comments

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Facebook director Andreessen sorry for India Internet remarks

Marc Andreessen, a prominent venture capitalist and Facebook Inc board director, apologised on Wednesday for tweets that condemned the Indian government for banning the social media company's free Internet service. India introduced rules on Monday preventing Internet service providers from having different pricing policies for accessing different parts of the Web, effectively dismantling Facebook's Free Basics programme, which offers a pared-back version of Internet service. Andreessen, who often takes to Twitter to offer his opinions, said the new rules denied India's poor access to the Internet. Only 252 million out of India's 1.3 billion people have Internet access. "Denying world's poorest free partial Internet connectivity when today they have none, for ideological reasons, s...

Google CEO Pichai Receives Stock Grant Worth About $199 Million

9Feb By reutersNo Comments

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Google CEO Pichai Receives Stock Grant Worth About $199 Million

Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc. Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on February 3. The valuation is based on the stock's closing price on that date. On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said.

RIP Facebook Free Basics, TRAI Supports Net Neutrality

8Feb By PriyankaNo Comments

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RIP Facebook Free Basics, TRAI Supports Net Neutrality

Indian Entrepreneurs will be too happy this time. Reason? Telecom Regulatory Authority of India (TRAI), has finally put to rest the differential pricing debate for at least two years. TRAI on Monday said that no company or offer to charge discriminatory tariff for data on basis of content effective immediately. India’s telecom regulator TRAI says no company to offer/charge discriminatory tariffs for data on basis of content - TV— Reuters India (@ReutersIndia) February 8, 2016 //platform.twitter.com/widgets.js The regulator, which warned the operators that they cannot enter into any arrangement based on discriminatory pricing, also said that financial disincentives of Rs. 50,000-50 Lakh will be charged If TRAI regulations were violated. TRAI Releases its Regulations on &q...

First Indian Unicorn Startup is Going to Be Profitable in 2016

8Feb By reutersNo Comments

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First Indian Unicorn Startup is Going to Be Profitable in 2016

Indian restaurant search and food delivery service Zomato, one of only a handful of Indian start-ups to succeed abroad, said on Monday. It had broken even in key markets including India and is on track to make a profit as early as June next year. The result comes as Zomato seeks $200 million in funding, a source close to the group said, in an increasingly tough environment for start-ups. Zomato, which makes money through advertising and its delivery service, said it had hit operational break-even in India, the UAE, Indonesia and three other markets in the Middle East and Southeast Asia. Together, they account for the three-fourths of the company's revenue, co-founder and chief executive Deepinder Goyal told Reuters. "The fundamental model of our business is that in mature markets we...

Mobile Phones Production in India May Reach 500 Million in 2 Years

8Feb By Press Trust of IndiaNo Comments

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Mobile Phones Production in India May Reach 500 Million in 2 Years

NEW DELHI: Mobile phones manufacturing in India may reach 500 million units in coming two years on the back of the good base of talent and an incentive policy, a top Department of Telecom (DoT) official said today. This year, India produced 100 million phones as compared to 45 million last year. "The number of phones being manufactured was 10 million sometime back (which increased) to 45 million last year and 100 million this year. The time has come when we will reach 500 million, maybe in 2 years," Telecom Secretary J S Deepak said here. He was speaking on the second day of a seminar on Telecom and Broadcasting theme - ART (Adjudication, Regulation, Telecommunication) of Convergence, TDSAT. He added that apart from phones, the differential tariff is helping domestic manufa...

World is Shrinking, We are Just 3.5 Degrees Apart: Facebook

7Feb By AdityaNo Comments

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World is Shrinking, We are Just 3.5 Degrees Apart: Facebook

NEW YORK: You must have heard about the famous "six degrees of separation" theory that everyone on the planet is connected to everyone else by six other people. Facebook has just upended this theory, saying that world is more closely connected than you might think. After studying 1.59 billion people active on the social networking website, the team determined that the number is actually 3.57 -- meaning thereby that there is actually "three-and-a-half degrees of separation" where each person in the world is connected to every other person by an average of three-and-a-half other people. Facebook CEO Mark Zuckerberg is 3.17 degrees of separation from all Facebook users. According to researchers, our collective "degrees of separation" have shrunk over the past five years. In 2011, ...

WhatsApp Scam – A New Digital Scam in The Social Media

6Feb By AdityaNo Comments

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WhatsApp Scam – A New Digital Scam in The Social Media

The Independent Reports that WhatsApp has reportedly been the target of a new scam which deceives users into disclosing personal information. In the scam, the links appear to come from your friend but instead lead you to a discount page which then asks for your personal details. Unassuming users are then led to a fake website which infects your phone with malware, allowing the scammer to obtain sensitive information. WhatsApp's popularity has exploded in recent years. It now has nearly one billion users worldwide and has become a key target for scammers. Speaking to This Is Money, David Emm, principal security researcher at Kaspersky Lab, an internet security and anti-virus software company, says the scam operates in a range of languages. "We have noted that this WhatsApp sc...

6Feb By reutersNo Comments

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Twitter suspends over 125,000 accounts for ‘promoting terrorist acts’

Twitter Inc has shut down more than 125,000 terrorism-related accounts since the middle of 2015, most of them linked to the Islamic State group, the company said in a blog post on Friday. Twitter has said it only takes down accounts when they are reported by other users, but said that it has increased the size of teams monitoring and responding to reports and has decreased its response time "significantly." Twitter's announcement comes as many tech companies – led by Facebook – have taken stronger steps to police controversial content online in the face of threats from legislators to force the companies to report "terrorist activity" on their sites to law enforcement. Silicon Valley has been wary of engaging with government officials, concerned about endless demands for similar ac...

WhatsApp Extend Group Users Limit From 100 Users to 256 Users

5Feb By PriyankaNo Comments

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WhatsApp Extend Group Users Limit From 100 Users to 256 Users

Facebook Owned messenger App WhatsApp has silently updated its Android version group limit of users which includes now 256 users. Earlier the group user limit was 100 users per group. iOS users have also received an update that brings the same functionality, with version 2.12.13 of the app. It is worth mentioning that the new group limit is only visible on Android and iOS for now. However, it should reach Windows Phone, BlackBerry, and other platforms soon. WhatsApp last month got rid of its $1 (approximately Rs. 68) annual subscription fee. Until now,WhatsApp asked some users to pay an annual fee for using the app after the first year of use - though as many of us experienced, most users were not asked to pay after a year, and instead were given extensions each year. I...