Zuckerberg rejects call to break up Facebook

Agencies
May 13, 2019

Facebook CEO Mark Zuckerberg has rejected the call for breaking up his company, saying the size of Facebook was actually a benefit to its users and for the security of the democratic process.

In an interview with French broadcaster France 2, Zuckerberg dismissed the claim made by his long-time friend and Facebook co-founder Chris Hughes that it is time to break up Facebook as Zuckerberg has yielded "unchecked power and influence" far beyond that of anyone else in the private sector or in the government.

"When I read what he wrote, my main reaction was that what he's proposing that we do isn't going to do anything to help solve those issues.

"So I think that if what you care about is democracy and elections, then you want a company like us to be able to invest billions of dollars per year like we are in building up really advanced tools to fight election interference," Zuckerberg told France 2 while in Paris to meet with French President Emmanuel Macron.

In an opinion piece in The New York Times on Thursday, Hughes said the government must hold Mark (Zuckerberg) accountable.

"Mark's personal reputation and the reputation of Facebook have taken a nose-dive," wrote Hughes, who during his freshman year at Harvard University in 2002 was recruited by Zuckerberg for Facebook.

Zuckerberg said that Facebook's budget for safety this year is bigger than the whole revenue of the company when it went public earlier this decade.

"A lot of that is because we've been able to build a successful business that can now support that. You know, we invest more in safety than anyone in social media," reported TechCrunch, quoting Zuckerberg.

Hughes wrote that Zuckerberg has surrounded himself with a team that reinforces his beliefs instead of challenging them.

"Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," he wrote.

In a separate opinion piece in the NYT on Sunday, Nick Clegg, who is the Vice President for global affairs and communications in Facebook, said that success should not be penalised.

"Facebook shouldn't be broken up but it does need to be held to account," Clegg wrote.

"Hughes maintains that lawmakers merely marvel at Facebook's explosive growth and have overlooked their own responsibility to protect the public through more competition.

"This argument holds dangerous implications for the American technology sector, the strongest pillar of the economy. And it reveals misunderstandings of Facebook and the central purpose of antitrust law," Clegg argued.

Embroiled in users' data scandals, Facebook is set to create new privacy positions within the company that would include a committee, and external evaluator and a Chief Compliance Officer.

Facebook has already kept aside $3 billion anticipating a record fine coming from the US Federal Trade Commission (FTC) related to the Cambridge Analytica data scandal which involved 87 million users.

The Facebook case is being looked at as a measure of the Donald Trump administration's willingness to regulate US tech companies.

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Agencies
March 12,2020

Thiruvananthapuram, Mar 12: In the wake of COVID-19 outbreak, Internet service providers in Kerala have agreed to step up the network capacity by 30 to 40 per cent of the present capacity to meet the demand, especially in view of the spurt in work-at-home mode.

"The decision was made at a meeting of representatives of various telecom service providers in Kerala circle and officials of the Telecommunication Department convened by the Secretary, Electronics and IT, following a direction by Chief Minister Pinarayi Vijayan to look into the issue," said a press release by the IT Department.

The decision will be beneficial for those working in IT institutions. The government has come out with a set of suggestions to avoid social gatherings at public places in view of coronavirus spread. Telecom service providers have assured the government that they are well equipped to face the current situation.

The major part of Internet consumption in Kerala is made available through local servers. Moreover, global Internet traffic is very low as compared to the overall consumption. So, increasing the capacity won't be difficult, service providers informed.

"Complaints regarding the low availability of the Internet due to the spurt in consumption of the Internet can be made to the service providers to their complaint redressal number or inform state government call centre (155300). But complaints regarding the insufficiency in the current network infrastructure should be strictly avoided," said the release.

The IT Department will also demand daily reports from various telecom service providers. By analysing these reports, steps for remedies will be taken after bringing the sudden increase in consumption to the service providers.

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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Agencies
June 17,2020

In a bid to help tackle rise in domestic violence during the social distancing times in India, Twitter on Wednesday launched a dedicated search prompt to serve information and updates from authoritative sources around domestic violence.

Twitter has partnered with the Ministry of Women and Child Development the National Commission for Women in India to expand its efforts towards women.

The search prompt will be available on iOS, Android and on mobile.twitter.com in India, in both English and Hindi languages, the company said in a statement.

Data shows that since the outbreak of Covid-19, violence against women and girls has intensified in India and across the globe.

"We recognise collaboration with the public, government and NGOs is key to combating the complex issue of domestic violence. Accessing reliable information through this search prompt could be a survivor's first step towards seeking help against abuse and violence," said Mahima Kaul, Director, Public Policy, India and South Asia, Twitter.

Every time someone searches for certain keywords associated with the issue of domestic violence, a prompt will direct them to the relevant information and sources of help available on Twitter.

This is an expansion of Twitter's #ThereIsHelp prompt, which was specifically put in place for the public to find clear, credible information on critical issues.

The feature will be reviewed at regular intervals by the Twitter team to ensure that all related keywords generate the proactive search prompt, said the company.

Violence against women and girls across Asia Pacific is pervasive but at the same time widely under reported.

"In fact, in many countries in our region, the number is even greater, with as many as 2 out of 3 women in some countries reporting experiences of violence," added Melissa Alvarado, UN Women Asia Pacific Regional Manager on Ending Violence against Women.

Rekha Sharma, Chairperson, the NCW, said: "With social distancing norms in place, several women are unable to contact their regular support systems. This initiative by Twitter will provide big support to the survivors, who would otherwise be easily isolated without access to relevant information and help".

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