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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...

India 2nd Largest Market After US For LinkedIn

11Aug By NitishNo Comments

News

India 2nd Largest Market After US For LinkedIn

IANS- Professional networking website LinkedIn on Wednesday announced that it has crossed the 100-million member mark in the Asia-Pacific region (APAC), and with 37 million members, India is its largest market in the region. Globally, India retains its spot as the second largest market after the US, a company statement said. LinkedIn has doubled its member base in the region from 50 million to 100 million in just two years. The region now represents 22 per cent of LinkedIn's global member base of over 450 million. "At this scale, LinkedIn is in an even stronger position to help members connect to economic opportunity, whether it's a new job, a promotion or other business opportunities," said Olivier Legrand, Managing Director, LinkedIn Asia Pacific and Japan, in a statement. Ch...

27Jul By reutersNo Comments

News

Twitter Revenue & Users Growth Slows

Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator's shares fell 11 percent in extended trading to $16.40. While Twitter struggles to find a way to boost user growth and win over advertisers, social media services such as Instagram and Snapchat are expanding their footprints. Co-founder Jack Dorsey returned to the company as chief executive a year ago, but his plan for reviving Twitter is at best seen as unfinished. The company's second quarter revenue missed Wall Street estimates and the revenue forecast for the current quarter of $590 million to $610 million was well below the average analyst estimat...

14Jul By RishabhNo Comments

FUNDING

ShareChat, India’s First Vernacular Social Network, Raises $1.3 million Seed Funding

Bengaluru-based ShareChat, a vernacular social network received funding of $1.35 million from SAIF Partners. ShareChat was also selected for the second batch of the Google's Launchpad accelerator in Mountain View, California, along with five other Indian startups. The funds will be used for ramping up its tech infrastructure to cater to its constantly growing user base and to reach out to more people across India with a variety of content formats. Founded in October 2015, by IITK Alumni Farid Ahsan, Bhanu Singh and Ankush Sachdeva, ShareChat has built a first-of-its-kind social networking platform for India's vernacular language users, available in four Indian languages Hindi, Marathi, Malayalam and Telugu. The app has hit 1.3 million downloads out of which around 500,000 are a...

Social Media Startup Sagoon Plans to Raise USD 1.8 mn By Diluting 10 pc Stake

30Jun By AnkitaNo Comments

FUNDING

Social Media Startup Sagoon Plans to Raise USD 1.8 mn By Diluting 10 pc Stake

Indian social media startup Sagoon plans to raise USD 1.8 million by diluting about 10 per cent stake in the company. "We are raising maximum of USD 1.8 million at a valuation of USD 15 million. Per share selling price is USD 3.75," Sagoon founder Govinda Giri said. Started in 2014, Sagoon offers a social commerce platform for users worldwide and plans to launch an equity crowd-funding initiative with the help of Bankroll. "The amount of capital raised will be used to expand the platforms user base, enhance product infrastructure and develop and launch a mobile app," Giri said. Sagoon also plans to introduce its social smart card later this year which rewards users for interacting with the sites features. Users will receive a free smart card when they...

Google CEO Sundar Pichai’s Quora Account Hacked

27Jun By AnkitaNo Comments

News

Google CEO Sundar Pichai’s Quora Account Hacked

Google CEO Sundar Pichai's Quora account has been hacked by the same group which previously broke into Facebook boss Mark Zuckerberg's Twitter and Pinterest accounts, according to a media report today. The hacker group called OurMine Team has been posting messages on Quora through Pichais account. The breach of his account became apparent when tweets linking to his Quora posts appeared on his official Twitter account yesterday. The Indian-born Google CEOs has 508,000 followers. The hacker group initially wrote, hacked using his account. "Hey its OurMine, we are just testing your security, please visit OurMine to upgrade it," it said in later posts, The Verge reported. Pichai or perhaps his team, however regained control of the Quora account soon, and the tweets were deleted within fe...

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...

LinkedIn Buy Biggest Acquisition Since I Became CEO: Satya Nadella

13Jun By Press Trust of IndiaNo Comments

Entrepreneurs Talk

LinkedIn Buy Biggest Acquisition Since I Became CEO: Satya Nadella

Microsoft chief Satya Nadella today said new opportunities for monetisation will be created once integration with LinkedIn, its largest acquisition till date, is completed. The USD 26.2-billion deal, which is the largest in the history of the Redmond-based firm, will help "reinvent productivity and business processes", Satya Nadella said in an e-mail to employees. According to a presentation, the total addressable market size for Microsoft has grown to USD 315 billion, from USD 200 billion earlier. Given this is the biggest acquisition for Microsoft since I became CEO, I wanted to share with you how I think about acquisitions overall. To start, I consider if an asset will expand our opportunity ? specifically, does it expand our total addressable market?" he wrote in the e-mail to emplo...

Microsoft Acquired LinkedIn in $26 Billion Cash Deal

13Jun By NitishNo Comments

ACQUISITION

Microsoft Acquired LinkedIn in $26 Billion Cash Deal

On Monday, Microsoft Corp acquired LinkedIn Corporation for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash deal. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year. “Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works,” Weiner said. “For the last 13 years, we’ve been uniquely po...

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...