Facebook, Instagram hit by 13hr outage, Zuckerberg not stepping down as chairman

Facebook, Instagram and WhatsApp were yesterday hit by a 13-hour outage that affected some users throughout the world, the company confirmed. The outage comes at a particularly sensitive time when businesses use Facebook and Instagram to promote pivotal Black Friday sales, some of which have already started. “Earlier today, a server configuration caused intermittent problems across all apps globally creating a degraded experience for users. The issue has since been resolved, we are back to 100 percent for everyone and we’re sorry for any inconvenience,” a Facebook spokesperson told ABC…

Facebook institutional investors want Zuckerberg ousted as chairman

Amidst increasing incidences of data breaches such as the Cambridge Analytica scandal that saw the personal data of 87 million Facebook members used without permission, to Russian sourced posts aimed at influencing the midterm elections, a report from Reuters states that four institutional investors in Facebook are looking to have Zuckerberg replaced by an independent chairman. A similar proposal was defeated by stockholders in 2017. The filing asking for a vote to remove Zuckerberg was made to Facebook’s board by the state treasurers of Illinois, Rhode Island and Pennsylvania, who…

Mark Zuckerberg: Facebook is no longer a just for friends’ Platform

Facebook has always made sure that its audience know what their friends are having for lunch and how the new borns in the family look like. Now the Facebook CEO is acknowledging that connecting people online isn’t enough. Facebook is unveiling a new mission: “To give people the power to build community and bring the world closer together.” It’s a culmination of months, perhaps years, of apparent soul-searching on Zuckerberg’s part and strategic directional changes for Facebook as a product. The social network has been moving in this direction for…

Andela Receives $24 Million From The Chan Zuckerberg Initiative

Andela

Andela announced yesterday that it had banked $24 million in a round that was led by the Chan Zuckerberg Initiative, which is Mark Zuckerberg and Priscilla Chan’s fund. Additionally, Andela had also received a new investor, GV( formerly known as Google Ventures, CNN Money reports. Andela is a startup that trains Africa software developers and places them in international companies such as Google and IBM. Currently it has offices in Lagos and in Nairobi. The selection of software developers is rigorous and very selective. Applicants are taken through skills and…

Facebook’s Mark Zuckerberg speaks Chinese in Beijing visit

Facebook has been blocked by Chinese authorities for over five years, but company founder Mark Zuckerberg appears to be on a new charm offensive to crack the massive market. In a move that has sent tongues wagging across China and around the globe, Zuckerberg on Wednesday showed off his nascent Chinese language skills in Beijing by participating in a 30-minute question-and-answer session conducted entirely in Mandarin. When asked about Facebook’s plans in China, Zuckerberg said the company already has a presence in the country, focused on helping Chinese companies grow in…

Twitter CEO Jack Dorsey will be moving back to Africa for at least 3 months in 2020, new home?

Jack Dorsey, Twitter's CEO

Jack Dorsey, the CEO of Twitter and mobile payments company Square, tweeted his farewell to Africa on Wednesday, but announced that he would return and temporarily move to the continent for at least three months in 2020. JHe uggested that he may move to Africa for at least three months next year. Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid 2020. Grateful I was able to experience a small…

Facebook debuts new logo with different colors for distinction on its acquisitions Instagram, WhatsApp

Facebook app, Messenger, Instagram, WhatsApp, Oculus, Workplace, Portal and Calibra.

Social media leader, Facebook wants more people to know it owns Instagram, WhatsApp and Oculus while still maintaining a distinct identity for its main app. So today it launched a new capitalization and typography format for its company name, using all capital letters and a shifting color scheme that highlights Instagram’s purple gradient and WhatsApp’s green tint. The idea to change the corporate logo to a minimalist rendering of the Facebook name, a move the company said is meant to separate the wider corporation — and its subsidiariesfrom the core…

Nigeria proposes law to tax local online purchases

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Online purchases in Nigeria could soon come with a tax bill in part of plans to raise more revenue to fund a record budget, Nigeria’s government is considering a 5% Value Added Tax (VAT) specifically for online purchases. Babatunde Fowler, head of Nigeria’s federal tax agency, says the government may appoint banks as agents to deduct 5% VAT on all local online purchases with a bank card. The policy could be in place by early next year, Fowler said in an interview with Premium Times, a local online newspaper. This…

Facebook, WhatsApp, Instagram in worst ever worldwide outage for the internet giant

Facebook said it was “back at 100 percent” after an outage on all of its services affected users in various parts of the world. Online monitoring service DownDetector reported on Wednesday that the outage began around 12:00 GMT and affected Facebook as well as its Instagram and WhatsApp services. “The issue has since been resolved and we should be back at 100 percent for everyone,” the company tweeted at 00:06 GMT on Thursday, adding they were sorry for “any inconvenience”. A Facebook spokesperson, also speaking on behalf of Instagram and…

Facebook looking to launch own crypto-currency in 2020

By AGENCE FRANCE PRESSE, LONDON, United Kingdom, May 24 – Facebook has been in contact with US and British financial regulators with a view to launching its own crypto-currency next year, the BBC reported on Friday. “GlobalCoin” would work with a new digital payments system in about a dozen countries, starting in the first quarter of 2020, the broadcaster said on its website. Previous reports have said Facebook is taking a serious look at blockchain technology under its “Project Libra”, in part to tackle doubts about privacy among its many…