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Facebook institutional investors want Zuckerberg ousted as New chairman

October 18, 2018October 10, 2024 Staff Writer

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…

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Zuckerberg “deeply disappointed” by the Internet.org, SpaceX Falcon 9 rocket explosion

September 2, 2016 Staff Writer

Earlier today, a SpaceX Falcon 9 rocket exploded on the launch pad for no apparent reason. While we’re still trying to learn more about what happened, we already know that the company was doing a test, and an anomaly created a big mess. Fortunately, all personnel were clear of the launch pad. But this incident is going to affect Facebook’s Internet.org effort in a significant way as a satellite was also destroyed in the process. While insurance companies are going to pay out for today’s failure, the SpaceX rocket was…

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Andela Receives $24 Million From The Chan Zuckerberg Initiative

June 17, 2016June 17, 2016 Staff Writer

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…

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Facebook’s Mark Zuckerberg speaks Chinese in Beijing visit

October 23, 2014February 17, 2016 Staff Writer

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…

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

November 28, 2019 Staff Writer

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…

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

November 5, 2019September 30, 2024 Staff Writer

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…

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Nigeria proposes New law to tax local online purchases

August 8, 2019September 30, 2024 Staff Writer

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…

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