Facebook will fight US presidential candidate Warren's break-up plan: Mark Zuckerberg

Agencies
October 2, 2019

Massachusetts, Oct 2: Facebook CEO Mark Zuckerberg has promised his employees to "fight and win" if Democratic presidential hopeful Elizabeth Warren wins the 2020 election and moves forward with her stated plan to break up the big US tech firms.

Adopting a more aggressive style than he habitually uses in his public appearances, Zuckerberg directed his remarks at his employees last July to address questions about the firm's present and future, an interview that was recorded and made public on Tuesday on the Web page The Verge, Efe news reported.

"I mean, if she gets elected president, then I would bet that we will have a legal challenge, and I would bet that we will win the legal challenge. And does that still suck for us? Yeah. I mean, I don't want to have a major lawsuit against our own government. ... We care about our country and want to work with our government and do good things. But look ... if someone's going to try to threaten something that existential, you go to the mat and you fight," he said.

Zuckerberg was referring to the Massachusetts senator's proposal to split up the biggest tech firms - if she wins the Democratic presidential nomination and is ultimately elected in 2020 - given that she feels that they have "excessive" power both as market entities and in relation to their users or customers.

On Tuesday, after the audio recording of Zuckerberg was released, Warren doubled down on her proposal and said on Twitter that "What would really 'suck' is if we don't fix a corrupt system that lets giant companies like Facebook engage in illegal anticompetitive practices, stomp on consumer privacy rights, and repeatedly fumble their responsibility to protect our democracy."

"I'm not afraid to hold Big Tech companies like Facebook, Google, and Amazon accountable. It's time to #BreakUpBigTech," the senator said in another tweet.

In the recordings provided by The Verge, Zuckerberg justified his opposition to Warren's plan by - among other things - saying that dividing big companies will not make interference in elections less likely, rather the reverse, given that in his judgment "the companies can't coordinate and work together."

The tech giant based in Menlo Park, California, in recent years has been mired in a multitude of scandals that have significantly strained its public image, the biggest of these being the one involving British consulting firm Cambridge Analytica, which used an app to gather personal data on millions of Facebook users without their consent and then used that info for political ends.

The consulting firm prepared psychological profiles on voters that it allegedly sold to the campaign of President Donald Trump during the runup to the 2016 election, among other things.

Facebook is being investigated for potential monopolistic practices by the Federal Trade Commission, which earlier this year levied a $5 billion fine on the firm for failing to properly maintain user privacy.

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News Network
March 5,2020

New Delhi, Mar 5: A Delhi court Thursday issued fresh death warrants for execution of the four convicts in the Nirbhaya gang rape and murder case for March 20 at 5.30 am.

Additional Sessions Judge Dharmendra Rana fixed March 20 as the new date of execution after it was told by the Delhi government that the convicts have exhausted all their legal remedies.

The lawyer for the four death row convicts also told the court that there was no legal impediment for the court to proceed in fixing the date of execution.

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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News Network
June 24,2020

Islamabad, Jun 24: A plane crash which killed 97 people in Pakistan last month was because of human error by the pilot and air traffic control, according to an initial report into the disaster released Wednesday.

The Pakistan International Airlines (PIA) plane came down among houses on May 22 after both engines failed as it approached Karachi airport, killing all but two people on board.

"The pilot as well as the controller didn't follow the standard rules," the country's aviation minister Ghulam Sarwar Khan said, announcing the findings in parliament.

He said the pilots had been discussing the coronavirus pandemic as they attempted to land the Airbus A320.

"The pilot and co-pilot were not focused and throughout the conversation was about coronavirus," Khan said.

The Pakistani investigation team, which included officials from the French government and the aviation industry, analysed data and voice recorders.

The minister said the plane was "100 percent fit for flying, there was no technical fault".

The county's deadliest aviation accident in eight years came days after domestic commercial flights resumed following a two-month coronavirus lockdown.

Many passengers were on their way to spend the Muslim holiday of Eid al-Fitr with loved ones.

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