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Mark Zuckerberg Donates $95M Facebook Shares in Charity

21Aug By NitishNo Comments

News

Mark Zuckerberg Donates $95M Facebook Shares in Charity

IANS- In the first gesture to fulfill his pledge that he and his wife made last year, Facebook CEO Mark Zuckerberg has sold $95 million of the social networking giant's shares. According to a US regulatory filing, The Chan Zuckerberg Foundation and CZI Holdings LLC sold Facebook shares worth $95 million before taxes, Forbes reported on Saturday. The sales likely netted more than $85 million after capital gains taxes, the report added. The couple plans to give away no more than $1 billion worth of stock each year through 2018. Last December, Zuckerberg and his wife Priscilla Chan pledged to donate 99% of their Facebook shares - about $45 billion - to advance human potential and promote equality for children. Declaring the "Chan Zuckerberg Initiative" as they welcomed their first...

Apple Started Bounty Bug Program For Developers

7Aug By AnkitaNo Comments

News

Apple Started Bounty Bug Program For Developers

Apple Inc said it plans to offer rewards of up to $200,000 (£152,433) to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products. Such rewards are already offered by dozens of firms, including Facebook Inc, Google, Microsoft Corp, Tesla Motors Inc and Yahoo Inc. The program will initially be limited to about two dozen researchers who Apple will invite to help identify hard-to-uncover security bugs in five specific categories. Those researchers have been chosen from the group of experts who have previously helped Apple identify bugs, but have not been compensated for that work, the company said. The most lucrative category, which offers rewards of up to $200,000, is for bugs in Apple's ...

27Jul By reutersNo Comments

Story

Revenue and Identity Crisis of Yahoo

When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The internet pioneer, not yet a teenager, had just finished the prior year with $1.9 billion in profits on $5.3 billion in revenue. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. But for one retreat exercise, everyone was asked to say what word came to mind when a company name was mentioned. They went through the list: eBay: auctions. Google: search. Intel: microprocessors. Microsoft: Windows. Then they were asked to write down their answer for Yahoo. "...

Decoding: Venture Capital Investments Globally

18Jul By reutersNo Comments

ANALYSIS

Decoding: Venture Capital Investments Globally

Venture capital investments in startups rebounded in the second quarter, as a general stock market recovery helped restore confidence, according to a new report published on Friday. Investors plowed $15.3 billion into venture-backed startups in the second quarter of this year, a 20.5 percent increase over the $12.7 billion invested in the first quarter, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. The report's conclusions are based on data from Thomson Reuters. "There was a bit of a pause in the first quarter when the public markets took a beating," said Sean Cunningham, managing director of Trident Capital Cybersecurity. "The public markets are back. Everyone is bullish." Ride-hailing company Uber Technologies Inc and mes...

India is Primed for the ChatBot Revolution

25Jun By No Comments

BLOGS

India is Primed for the ChatBot Revolution

On my way to work in Bangalore last week (I’m an intern at a chatbot company), I was listening to Radio One, an Indian radio station, when I heard an ad for a competition. At first, I didn’t think much of it. Phone-in radio shows are nothing new in India. But then the radio show host said something curious: “WhatsApp us your messages at…”. I realized that, in India, WhatsApp isn’t a feature or an app like Uber or Swiggy but rather a basic utility like Internet or cell reception. While those in the Western world were first exposed to the Internet through web pages on the desktop, Indians came online through WhatsApp. Today, if you want to stay in touch with your family and friends, you need WhatsApp. The phrase “WhatsApp me” has replaced the phrase “call me” or “message...

21Jun By PriyankaNo Comments

News

Facebook Investors Announced New Share Class To Remove Zuckerberg’s Control over Facebook

<span class="articleLocation" style="transform: translate3d(0px, 0px, 0px);">Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company he founded. The company's plan to issue two "Class C" shares for each Class A and Class B share held by shareholders, in what is effectively a 3-for-1 stock split, was approved by Facebook shareholders at the company's annual general meeting on Monday. The Class C shares will be publicly traded under a new symbol. Zuckerberg said in December that he intended to put 99 percent of his Facebook shares into a new philanthropy project focusing on human potential and equality. ...

Microsoft Will Use Linkedin As a Facebook For Professionals: Bill Gates

18Jun By NitishNo Comments

Entrepreneurs Talk

Microsoft Will Use Linkedin As a Facebook For Professionals: Bill Gates

San Francisco: Microsoft Corp. co-founder Bill Gates in an interview with Bloomberg TV’s said, "he’s enthusiastic about the company’s $26.2 billion acquisition of LinkedIn Corp., viewing it as an opportunity to build a business network for the working world like Facebook Inc. has created for social communities." Gates said in an interview with . “If we can make that as valuable as the Facebook feed in the social world, that’s huge value creation and that’ll happen over a period of years.” Users should be compelled to say: “This professional feed in LinkedIn, that is how I want to learn about my career, my company, my industry, and I’m going back there,”. The purchase is a way for Microsoft, which largely missed out on the consumer web boom dominated by the likes of Google and Face...

Mark Zuckerberg’s Philanthropy Venture Invested $24 million in Andela

17Jun By AdityaNo Comments

FUNDING

Mark Zuckerberg’s Philanthropy Venture Invested $24 million in Andela

Facebook Inc founder Mark Zuckerberg's philanthropy venture has made its first major investment, leading a funding round in a startup that trains and recruits software developers in Africa. The Chan Zuckerberg Initiative LLC, created by Zuckerberg and his wife Priscilla Chan, led a $24 million Series B funding in Andela, the startup said on Thursday. Alphabet Inc's GV, previously known as Google Ventures, was also part of the funding round. Andela selects the top 1 percent of tech talent from Africa, trains them and places them in engineering organizations. The startup, which has nearly 200 engineers currently employed by its Nigeria and Kenya offices, will use the funds to expand to a third African country by the end of 2016. "We live in a world where talent is evenly distr...

After Ban, Facebook, Microsoft, Google Agree to Work With Bangladesh Government

13Jun By Press Trust of IndiaNo Comments

News

After Ban, Facebook, Microsoft, Google Agree to Work With Bangladesh Government

Facebook, Microsoft and Google have agreed to work with Bangladesh government over "inappropriate contents" on the Internet, the Parliament was told today amidst a series of brutal killings by Islamists of secular bloggers and minorities. Speaking at a question-and-answer session, State Minister for Telecoms Tarana Halim said that not only social media giant Facebook, but Google and Microsoft have also agreed to respond to the governments request within two days. "After intense discussion with Facebook, Google and Microsoft, it has been agreed that they will respond to requests with 48 hours," she said. WHEN THE USE OF FACEBOOK WAS SUSPENDED IN BANGLADESH Last year, the Bangladesh government suspended the use of Facebook, its messenger app, and some other communication apps ...

Decoding: Tips on How to Use Facebook For Your Small Business

11Jun By PriyankaNo Comments

ANALYSIS

Decoding: Tips on How to Use Facebook For Your Small Business

Using social media is an affordable option for small businesses that are looking to productively engage with their audience and generate buzz for their products and services. However, staying informed about changes to existing platforms presents a serious challenge to marketing professionals as even the savviest of Facebook users might be unaware of new features that could benefit their efforts. People are spending 50 minutes on Facebook each day according to a recent New York Times article. It’s more critical than ever to make your Facebook Page work for you. Facebook is constantly changing, meaning your strategies must also. Whether you want to build your Facebook following, or simply boost your engagement, here’s a look at the hottest Facebook features and trends. Facebook Live...

Facebook Board Proposed Removing Mark Zuckerberg’s Majority Voting Control in Facebook

4Jun By AnkitaNo Comments

News

Facebook Board Proposed Removing Mark Zuckerberg’s Majority Voting Control in Facebook

Facebook Inc's board has proposed removing Mark Zuckerberg's majority voting control in the event of the social media giant's chief executive and founder deciding to exit management at some point in future. In a proxy filing with the U.S. Securities and Exchange Commission, Facebook's board said it would ask shareholders to vote on a proposal that would convert Zuckerberg's Class B shares into Class A shares if he is no longer in a leadership position. The move was first proposed in late April in a regulatory filing. As of June 2, Zuckerberg beneficially owned about 4 million Class A shares and about 419 million Class B shares, collectively representing about 53.8 percent of total outstanding voting power and 14.8 percent of total outstanding economic interests. The proposed move,...

Snapchat Overtake Twitter in Number of Daily Users Mark

3Jun By NitishNo Comments

News

Snapchat Overtake Twitter in Number of Daily Users Mark

Snapchat now has more daily users than Twitter, according to a report from Bloomberg.The four year-old messaging app, which is hugely popular with millennials, reportedly has 150 million daily active users compared to less than 140 million users for Twitter. According to Twitter’s most recent figures it has 310 million monthly active users, but it hasn’t made any official statement as to how many of those use the service on a daily basis. Twitter and Snapchat both declined to comment to the publication. Snapchat has made communication more fun with many users sending selfies to each other with added graphics and filters, plus short videos. It’s also responsible for the popular ‘face swap’ meme in which the faces of the two people (or animals) in a photo can be switched. Twitter...