Sunday, June 23

Tag: mark zuckerberg

Facebook fires employee who tweeted over coworker not supporting Protest
News

Facebook fires employee who tweeted over coworker not supporting Protest

San Francisco, June 13, 2020: A Facebook employee lost his job after he tweeted about his co-worker not cooperating with him for the silent Black Lives Matter protest within the company. Brandon Dail, who worked as an engineer at Facebook, tweeted that he lost his job after he asked another co-worker to add a Black Lives Matter banner on an open source website developed by Facebook. "In the interest of transparency, I was let go for calling out an employee's inaction here on Twitter. I stand by what I said. They didn't give me the chance to quit," Dail tweeted, He mentioned the employee by name, saying that "intentionally not making a statement is already political". Facebook confirmed to CNET that that "Dail's characterization of his firing was accurate" but didn't provide fu...
Mark Zuckerberg promises a review of facebook content policies
News

Mark Zuckerberg promises a review of facebook content policies

Facebook founder & CEO Mark Zuckerberg promised to review the content policies of the social media platform that led to its decision to not moderate a post by President Trump. The announcement, which came in the form of a letter to employees, appeared aimed at quelling anger inside the company that was so severe it prompted 5,500 employees to complain and third to resign. The outrage was sparked when Zuckerberg said Facebook would not remove or flag Trump's recent posts that appeared to encourage violence against those protesting police racism. “I know many of you think we should have labelled the President's posts in some way last week,” Zuckerberg wrote. “We're going to review our policies allowing discussion and threats of state use of force to see if there are any amen...
Facebook employees criticize Mark Zuckerberg for being Neutral over Protest
News

Facebook employees criticize Mark Zuckerberg for being Neutral over Protest

New York, Jun 2, 2020: Some Facebook employees criticize Facebook founder & CEO Mark Zuckerberg's inaction over President Donald Trump post that suggested protesters in Minneapolis could be shot. While arch-rival of Facebook, Twitter took the stand and placed a warning on President's tweet about the protests “when the looting starts the shooting starts,” while Facebook founder Zuckerberg took the neutral stand and leave it to US authorities. “I know many people are upset that we've left the President's posts up, but our position is that we should enable as much expression as possible unless it will cause an imminent risk of specific harms or dangers spelled out in clear policies,” Zuckerberg wrote. The tweets of President Trump evoked the civil-rights era by borrowing a phras...
Zuckerberg Philanthropic Arm Pledges USD 25M to Fund Researching COVID-19 Treatments
News

Zuckerberg Philanthropic Arm Pledges USD 25M to Fund Researching COVID-19 Treatments

The Chan Zuckerberg Initiative, the philanthropic arm of Facebook founder Mark Zuckerberg and his wife Priscilla Chan, has announced plans to team up with the Bill and Melinda Gates Foundation to donate USD 25 million to a research fund exploring possible COVID-19 treatments. "I'm really proud to share that (The Chan Zuckerberg Initiative is) going to be joining Gates and others to put together something they're calling the therapeutics accelerator to fight coronavirus," Chan told "CBS This Morning" co-host Gayle King. Chan told King that their goal is "to fund a group to screen all the drugs that we know have potential effects against coronavirus."Zuckerberg said one drug can often be used to treat multiple diseases. "You can basically take all those drugs that have already been...
Facebook Profit Climbs Even After Criticism over Data
News

Facebook Profit Climbs Even After Criticism over Data

31st Oct, 2019-- Leading Social media platform Facebook reported that its profit topped $6 billion on revenue that climbed 28 percent to $17.4 billion in the quarter that ended on September 30. Meanwhile, the number of active monthly users increased eight percent from a year ago to 2.45 billion. "We had a good quarter and our community and business continue to grow," said Facebook chief and co-founder Mark Zuckerberg. "We are focused on making progress on major social issues and building new experiences that improve people's lives around the world."Facebook shares rose more than four percent in after-market trades that followed the release of the earnings figures, which beat Wall Street expectations. "Advertisers continue to support Facebook, despite the many controversies swirli...
Facebook Introduced its Cryptocurrency “Libra”, Target 1.7 Billion People
News

Facebook Introduced its Cryptocurrency “Libra”, Target 1.7 Billion People

Facebook entered into the world of cryptocurrency with its own digital money "Libra" designed to let people save, send or spend money as easily as firing off text messages. Facebook and some two dozen partners from US and Uk released a prototype of Libra as an open source code to be used by developers interested in weaving it into apps, services or businesses ahead of a rollout as global digital money next year. A Geneva-based nonprofit association will monitor the Libra, maintaining a real-world asset reserve to keep its value stable. The initiative has the potential to allow more than 1.7 billion "unbanked" people around the world access to online commerce and financial services, said Libra Association head of policy and communications Dante Disparte."We believe if you give peo...
Facebook building privacy-focussed social media platform: Zuckerberg at f8 summit
Entrepreneurs Talk

Facebook building privacy-focussed social media platform: Zuckerberg at f8 summit

Mark Zuckerberg at the Facebook annual f8 event announced that the company was committed to building a "privacy-focussed" social platform to ensure that conversations stay private and user data is secure across its products like Messenger, WhatsApp, and Instagram. He acknowledged that there are privacy concerns related to its platforms, but asserted that he remains committed to bringing in changes and "starting a new chapter". "As the world gets bigger and more connected, we need that sense of intimacy more than ever. So that is why I believe the future is private," Mark said. "This is the next chapter for our services... We don't exactly have the strongest reputation on privacy right now, to put it lightly. But I'm committed to doing this well and starting a new chapter for our ...
Everyone Please delete Facebook: Whatsapp co-founder Brian Acton
News

Everyone Please delete Facebook: Whatsapp co-founder Brian Acton

Attending a panel discussion at Stanford University, Brian Acton, the co-founder of WhatsApp urged people to delete their Facebook accounts. After selling WhatsApp to Facebook for $19 billion in 2014, Acton left Facebook last year when Cambridge data breach controversy happen. Acton said that the smaller companies in Silicon Valley are pressured to chase venture capital and accept large exits to appease employees and stakeholders.“You go back to this Silicon Valley culture and people say, ‘Well, could you have not sold?’ and the answer is no,” Buzzfeed quotes Acton as saying.He also described his decision to accept Facebook’s offer as “rational choice” to go home with “a boatload of money.”“I had 50 employees, and I had to think about them and the money they would make from this...
Facebook Beats Wall Street Profit Estimates, Shares Shoots up After 2018 Q4 Results
News

Facebook Beats Wall Street Profit Estimates, Shares Shoots up After 2018 Q4 Results

Facebook Inc easily beat Wall Street’s profit estimates, soothing investor concerns that increased spending on the privacy of its users would blunt growth. The world’s largest online social media network has pledged to invest heavily in the privacy and security of its users after scandals over improperly shared data and propaganda hurt its image and made it the target of political scrutiny across the globe. Facebook shares rose nearly 12 percent to $168.20 after the bell. They closed up 4.3 percent in regular trading. Net income rose to $6.88 billion, or $2.38 per share, in the fourth quarter, up from $4.27 billion, or $1.44 per share, a year earlier. Analysts on average had expected earnings of $2.19 per share, according to IBES data from Refinitiv. Total fourth-quarter reven...
Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger
News

Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger

As per the report, Facebook Inc Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption into these apps. The three services will, however, continue as stand-alone apps, the report said, citing four people involved in the effort. Facebook said it is working on adding end-to-end encryption, which protects messages from being viewed by anyone except the participants in a conversation, to more of its messaging products, and considering ways to make it easier for users to connect across networks. "There is a lot of discussion and debate as we begin the long process of figuring out all the details of how this will work," a spokesperson said. After the...
Facebook Reports Security Breach Affecting 50 Million Users
Tech

Facebook Reports Security Breach Affecting 50 Million Users

Facebook is again in the news headlined these days, where it reported a security breach that affected 50 million accounts. The hack occurred on September 25, when Facebook’s engineering team discovered a security breach. This breach enabled unknown attackers to take over 50 million user accounts, and another 40 million were vulnerable to the attack. Facebook CEO Mark Zuckerberg stated that the company did not know who was behind this attack. Also, he claimed that he did not have any information whether any of the accounts that were hacked were misused. Attackers reportedly stole Facebook access tokens through its “view as” feature. The “view as” feature allows the users to see how their own profile looks like to the other users. Also, Brian Acton, the co-founder of WhatsApp, menti...
Facebook & Instagram Launch Time Management Tools
Tech

Facebook & Instagram Launch Time Management Tools

Facebook and Instagram, the most popular social platforms have announced that they want to help the users have a control on the time they have spent on the apps including tools that set daily limits. In a statement, the social media players introduced “new tools” which would help the users in managing the time that they spent on these two platforms. The newly invented features will be known as ‘Your time on Facebook’ and ‘Your activity on Instagram’. Among the tools are a way to restrict notifications, and a dashboard that enables users to keep a track of the time they have spent on these platforms. "We want the time people spend on Instagram and Facebook to be intentional, positive and inspiring," the statement said. "Our hope is that these tools give people more control over the t...