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Facebook Vs Singapore Minister: A Fight You Need To Remember

28Mar By Sheldan RungasamyNo Comments

News

Facebook Vs Singapore Minister: A Fight You Need To Remember

Facebook’s Vice President of Public Policy for Asia-Pacific, Simon Milner had to appear before a Select Committee on Deliberate Online Falsehoods in Singapore where he was questioned by the Home Affairs and Law Minister K Shanmugam for almost three hours. Mr. Milner had to give explanations to Mr. Shanmugam about the allegations that Cambridge Analytica unfairly used Facebook’s data and why Facebook users were not informed about the data breach earlier. He also had to answer questions about how Facebook will reposition itself after the recent controversy surrounding them since the events happened in 2016 during the US Presidential Elections. The rest of the article is a script of the questioning between Mr. Shanmugam and Mr. Milner, which at times got rather heated up Fi...

Data Breach Scandal Cost Zuckerberg over $10 Bn in a Week

24Mar By Sheldan RungasamyNo Comments

News

Data Breach Scandal Cost Zuckerberg over $10 Bn in a Week

The data breach concerning social media giant Facebook and the data-mining firm Cambridge Analytica is impacting Mark Zuckerberg’s wealth. Indeed, Facebook’s founder and CEO lost more than $10 billion in wealth this week only as the shares of his company free fell by almost 14% in five days on the market share. The loss meant that Zuckerberg’s net worth is now down to $65.1 billion and consequently, his fifth position in Forbes billionaires list is now down to seven but the financial hit could have been much worse since he had sold 7.3 million of Facebook shares since September 2017, according to Securities and Exchange Commission filings. The filings also report that Zuckerberg still owns more than 8.2 million Facebook shares after the most recent shares sale occurred this month. ...

Whatsapp Co-Founder Joins #deletefacebook movement

21Mar By Sheldan RungasamyNo Comments

News

Whatsapp Co-Founder Joins #deletefacebook movement

Brian Acton, co-founder of Whatsapp chose his side concerning the recent backlash against Facebook after reports of the misuse of its data by a firm linked to Donald Trump’s election campaign. Indeed, the former Whatsapp CEO joined the movement #deletefacebook via a twitter post on the microblogging site. It is time. #deletefacebook — Brian Acton (@brianacton) March 20, 2018 Brian Acton tweeted “It is time. #deletefacebook,” to his 21,000 followers. Brian Acton has past personal dealings with Facebook for the company he founded, Whatsapp, was bought by the thumbs up platform in 2014 for $16 billion. While the other co-founder of Whatsapp, Jan Koum, chose to continue leading the company, Acton decided to leave the message app company this year only to start his own foundation. Faceb...

Amazon becomes the 2nd most valuable company in the world

21Mar By Sheldan RungasamyNo Comments

News

Amazon becomes the 2nd most valuable company in the world

Amazon just took Alphabet’s 2nd place in the standings of most valuable company in the world while Apple remains topper of the list boasting a valuation of $889 billion. The e-commerce giant rose by 2.7 percent on Tuesday and thus lifted its stock market value to $768 billion and $1,586.51 per share. Parent company of Google, Alphabet fell by 0.4 percent and now possesses a valuation of $764.5 billion additionally, since bagging an all-time high of 1,197 per share on Jan 29, their stock value fell by 8.5%. This achievement comes a few weeks after Amazon CEO and founder Jeff Bezos came first in Forbes annual billionaires list with a total wealth of $112 billion and thereby becoming the first American possessing more than $100 billion. All U.S tech mega-giants have competed vigor...

UK Summons Mark Zuckerberg Over 50 Million Profiles Data Leak

21Mar By Sheldan RungasamyNo Comments

News

UK Summons Mark Zuckerberg Over 50 Million Profiles Data Leak

Mark Zuckerberg, Facebook’s CEO has been summoned before a UK parliamentary committee due to a growing discontent over data leakages related to the social media network. The chair of the House of Commons Digital, Culture, Media and Sport Committee (DCMS), Damian Collins sent the letter addressed to the American billionaire. The DCMS is in charge of leading the investigation over the matter of fake news. “It is now time to hear from a senior Facebook executive with the sufficient authority to give an accurate account of this catastrophic failure of process,” the letter mentions. "Given your commitment at the start of the new year to fixing Facebook, I hope that this representative will be you," it adds. The letter was sent shortly after UKs Information Commissioner Elizabeth Den...

Google Announces Ban on Cryptocurrency Ads

15Mar By Sheldan RungasamyNo Comments

News

Google Announces Ban on Cryptocurrency Ads

Google announced a ban on online advertisements sponsoring cryptocurrencies and initial coin offerings as from June, this new policy forms part of a major crackdown on the promotion of a new type of high-risk financial products. Alphabet Inc., Google’s parent company announced yesterday night the decision of updating its current ad policy stating the search engine giant will now be banning ads for “cryptocurrencies and related content.” This comes after Facebook similarly banned ads promoting the digital-currency sector in January. Hence, the two largest web-ad sellers are now out of bounds of the budding digital-currency sector. Google also announced it would start restricting ads for financial products which includes binary options. Currently, googling terms like “binary options” a...

Facebook Testing ‘Voice Clips’ Status Updates in India

5Mar By Sheldan RungasamyNo Comments

Tech

Facebook Testing ‘Voice Clips’ Status Updates in India

Facebook is currently prototyping ‘Voice Clips’ which might become a brand new way of sharing post on the Social Media platform. The feature termed “Add Voice Clip” will appear on the status update composer menu. With this feature, users will be able to record short audio clips and share to their friend list. The trial period started in India, with an Indian user being the first to use it. By including this mode of status sharing, Facebook hopes its users will be enthusiastic about sharing thoughts orally rather than by using words. They are also launching this feature to facilitate users that struggle with non-native language keyboards by enabling them to talk instead of type. "We are always working to help people share and connect with their friends and family on Face...

Zuckerberg Sells $500 Million of Facebook Shares in February

5Mar By Sheldan RungasamyNo Comments

USA

Zuckerberg Sells $500 Million of Facebook Shares in February

Fully committed to his philanthropy work for the Chan Zuckerberg Initiative (CZI), Mark Zuckerberg sold about $500 million worth of Facebook stock in the shortest month of the calendar, according to SEC filings. This rather odd move however does not come as a surprise as Zuckerberg made his intentions public in September 2017. Mark Zuckerberg’s stock exit comes with a plan. Indeed, he wishes to transfer his Facebook fortune to his philanthropy work for the Chan Zuckerberg Initiative. Two security filings revealed that Zuckerberg sold 685,000 shares worth 125.4 million in the last few days of February. This takes his total sales of the month to about 2.7 million shares worth $482.2 million. These sales are the next step in a process Mark laid out in September to fund the Chan Zucke...

Facebook to combine AR, VR and News Feed with 3D Posts

22Feb By Sabhyata AgarwalNo Comments

Tech

Facebook to combine AR, VR and News Feed with 3D Posts

Facebook users should gear up for some stimulating news. The Facebook Inc.’s Andrew Bosworth, head of virtual and augmented reality products and hardware, announced that the social media company will make its "biggest AR/VR news" to date at the upcoming Facebook Developer (F8) Conference in May. Under 70 days to go until our biggest F8 to date -- where we'll share the biggest AR/VR news from Facebook to date. https://t.co/hHXeEIdJaW — Emotional Support Boz (@boztank) February 21, 2018 Facebook has been consistent in coming up with new features such as 360 photos, Live videos and GIFs which have helped them in keeping the users mainly the youth interested, and now it is polishing its standard to a new level. Last year, in October Facebook debuted with posts of 3D M...

Funding Facebook : From Harvard Dorm Room to $500 Bn Company

19Feb By RishabhNo Comments

Story

Funding Facebook : From Harvard Dorm Room to $500 Bn Company

What started in a dorm room of Harvard University has totally changed the outlook of people all across the world on how they socialize. We are talking about none other than Facebook or "TheFacebook" as it was called back then! Facebook was founded by Mark Zuckerberg and his college roommate and fellow Harvard University student Eduardo Saverin. Initially the website's membership was kept limited only to Harvard University students, which soon was expanded to other colleges in Bosto, the Ivy League and gradually to all universities of the US and Canada. By September 2006, it was open for everyone all across the world with a valid email address, aged 13+. The idea of 'Facebook' Zuck got the idea of Facebook from his previous website- FaceMash, which he launched while he wa...

How Tencent Becomes a Bigger Social Media Platform than Facebook

16Feb By RishabhNo Comments

BUSINESS

How Tencent Becomes a Bigger Social Media Platform than Facebook

Chinese internet giant Tencent Holdings has left Facebook Inc behind it and has become the world's most valuable social network company. Tencent is the company behind China's popular WeChat messenger and is the first company in China to be worth more than $540 billion. Tencent is right now sitting on an advertising goldmine and just 18% of its total revenue in FY 2016 came from online advertising. Comparing with Facebook's model: advertising makes up 98% of its total revenue. Tencent, however works on a different business model. Tencent- Early Start Tencent was started by Ma Huateng (aka Pony Ma) along with his four friends- Chen Yidan, Zhang Zhidong, Xu Chenye, Zeng Liqing in 1998. Its first product was launched in 1999 which was a free instant messaging PC service - OI...

WhatsApp To Launch Group Video Calls, Tests Feature

7Feb By PriyankaNo Comments

Tech

WhatsApp To Launch Group Video Calls, Tests Feature

Facebook owned messaging service WhatsApp has been spotted testing its Group Video call feature, as it gears up to add many feature in its application. As per some reports, WhatsApp Group Video call may allow a user to add as many as 3 members in the group chat. Currently, WhatsApp allows video calls with only one person at a time. Generally, its users have been using Facebook's Messenger, Hangouts or Skype to video call with their friends group. This is one of the most awaited updates in WhatsApp's history after it introduced WhatsApp Call. Facebook has already added support for group video calls, not so long ago, hence making the move more obvious. However, you can add as many people in a Facebook Group Video Call, but same may not imply on WhatsApp. This development was first repo...