Mark Zuckerberg loses $6 billion in just hours thanks to Facebook outage

News Network
October 5, 2021

Mark Zuckerberg’s personal wealth has fallen by more than $6 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline.

A selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.

The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s down from almost $140 billion in a matter of weeks, according to the index. 

On Sept. 13, the Wall Street Journal began publishing a series of stories based on a cache of internal documents, revealing that Facebook knew about a wide range of problems with its products — such as Instagram’s harm to teenage girls’ mental health and misinformation about the Jan. 6 Capitol riots — while downplaying the issues in public. The reports have drawn the attention of government officials, and on Monday, the whistleblower revealed herself.

In response, Facebook has emphasized that the issues facing its products, including political polarization, are complex and not caused by technology alone.

“I think it gives people comfort to assume that there must be a technological or a technical explanation for the issues of political polarization in the United States,” Nick Clegg, Facebook’s vice president of global affairs, told CNN.

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News Network
August 3,2022

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The Aligarh Muslim University (AMU) has decided to drop teachings of two Islamic thinkers from their syllabus of the Department of Islamic Studies with varsity officials saying that the decision was taken after some complaints were received that the teachings of the authors were “objectionable”.

The two scholars whose teachings will be removed are Sayyid Qutb and Sayyid Abul A’la al-Maududi, said officials. The announcement to remove the teachings of the two scholars comes days after an open letter was written to Prime Minister Narendra Modi by 25 pro-Hindutva academics falsely accusing the duo of calling for genocide of non-Muslims. 

The open letter had said that it is a matter of deep concern and worry that the writings of Abul Ala Maududi is part of the course curriculum of the three universities.

Confirming the removal of the two scholars’ teachings from the syllabus, AMU Public Relations Officer Shafey Kidwai said, “The two scholars’ teachings will be removed from the syllabus. The process for it will be followed. It was decided to remove the parts from the syllabus to avoid any controversy at the varsity. The circumstances have changed over the years. What may have been considered worth teaching years ago may not be considered worth teaching now…”

“There were some complaints. I don’t know who complained, but yes, some people raised an issue with these teachings and the department decided to remove it,” added Kidwai.

The open letter written by the 25 academics was titled “Indoctrination of students at state funded institutions like the Aligarh Muslim University, Jamia Milia Islamia & Jamia Hamdard through an anti-Indic/anti-national course curriculum”. It read, “We the undersigned wish to bring to your notice the brazenly Jihadi Islamic course curriculum being followed by certain departments of state funded Islamic universities such as Aligarh Muslim University, Jamia Milia Islamia and Hamdard University.” Among the signatories was Prof. Madhu Kishwar, Senior Fellow, Nehru Memorial Museum and Library (NMML).

A professor at the department, who did not wish to be identified, said, “We were told by the higher authorities of the varsity to remove these two scholars from the syllabus of the Department of Islamic Studies. It was told to us that the decision was taken to avoid a controversy at the varsity.”

“We weren’t told by the varsity authorities which part of what was being taught was objectionable or anti-national. We were simply told to remove the teachings of the two authors,” said the professor.

An official at the varsity said that the teachings of the two authors were being taught for Masters in the Department of Islamic Studies as optional papers. “These two authors were being taught for at least a couple of decades. In the optional papers, the department used to teach the thoughts and teachings of the two authors and ideologues. They ranged from their religious teachings and political thoughts. The optional papers taught about them were titled ‘Maulana Madudi and his thoughts’ and ‘Sayyid Qutb and his thoughts. These were two optional papers for masters’ students of the Department of Islamic Studies at AMU,” said the official.

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News Network
August 3,2022

Taipei, Aug 3: China sent 27 aircraft to Taiwan's air defence identification zone (ADIZ), the island's Defence Ministry said on Wednesday hours after US House Speaker Nancy Pelosi left Taipei following a high-stakes visit that has spiked tensions in the Taiwan Strait.

As many as six J-11 fighter jets, five J-16 multirole fighters and 16 SU-30 multirole fighters entered the air defence zone today.

"27 PLA aircraft (J-11*6, J-16*5 and SU-30*16) entered the surrounding area of R.O.C. on August 3, 2022," Taiwan Defense Ministry tweeted.

This incursion after 21 Chinese military aircraft flew into the southwestern part of Taiwan's air defence zone on Monday night. In response to Chinese aggression, Taiwan sent an air patrol to monitor the situation, and also deployed anti-aircraft missile systems.

Pelosi's trip to Taiwan came to an end today as she departed from the self-ruled island after a short and gripping trip that upped the ante in the Taiwan Strait.

The US House Speaker, who is second in line to the Oval Office after the US vice-president, reaffirmed her country's unwavering commitment to supporting Taiwan's democracy and said this trip in no way contradicts longstanding United States policy on the self-governed island.

China, meanwhile, says Pelosi's Taiwan visit was a serious violation of the one-China principle and the provisions of the joint communique signed between the two countries.

On Tuesday, Chinese People's Liberation Army (PLA) announced missile tests and live firing as part of its military operations near Taiwan.

"The Chinese armed forces will begin military operations around Taiwan, long-range live firing will be held in the Taiwan Strait, and conventional missile tests will be organized in the sea area of the eastern part of the island," Sputnik news agency quoted Eastern Theater Command spokesperson Shi Yi as saying.

"These actions are a fair deterrent to the recent major escalation of US negative actions on the Taiwan issue and a serious warning to the pro-Taiwan independence forces," Shi Yi said.

In the recent past, China has increased its use of gray zone tactics by routinely sending aircraft into Taiwan's ADIZ, with most occurrences taking place in the southwest corner.

In 2021, Chinese military planes entered Taiwan's ADIZ on 961 instances over 239 days.

Gray zone tactics are defined as "an effort or series of efforts beyond steady-state deterrence and assurance that attempts to achieve one's security objectives without resort to direct and sizable use of force."

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News Network
August 6,2022

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New Delhi, Aug 6: National Democratic Alliance (NDA)'s candidate Jagdeep Dhankhar has been elected India's 14th Vice President on Saturday. He secured 528 votes. Opposition pick Margaret Alva who got 182 votes has lost.

Dhankar reached Parliamentary Affairs Minister Pralhad Joshi's residence at 11 Akbar Road before the announcement of the results for the Vice Presidential Election.

Lok Sabha Secretary General Utpal Kumar Singh, who was the presiding officer for the 16th Vice Presidential election, said that of the 780 MPs eligible to cast votes, 725 MPs cast their vote. Fifteen votes were found invalid and 710 votes were valid.

Described as ‘Kisan-Putra (farmer’s son)’ by the BJP, Dhankhar had said that he had never thought that a person like him with a modest background” would get the opportunity to serve as the second highest Constitutional post.

“I was born in a farmer’s family. I had to walk around 6km to my school,” said Dhankhar, who recently quit as West Bengal Governor.

He was appointed as the Governor of West Bengal in 2019.

Around 93 per cent polling was recorded in the vice presidential election on Saturday, with more than 50 MPs not exercising their franchise.

Officials said of the total 780 MPs, as many as 725 MPs voted till 5 pm when the polling concluded.

The Trinamool Congress, which has 39 MPs, including 23 in Lok Sabha, had already announced its decision to abstain from the election.

However, two of its MPs -- Sisir Kumar Adhikari and Dibyendu Adhikari -- broke ranks and cast their ballots.

The next Vice-President of the country will take the oath of office on August 11, a day after the term of the incumbent Vice President M Venkaiah Naidu ends.

Janata Dal (United), YSRCP, BSP, AIADMK had announced support for Dhankhar. The Aam Aadmi Party (AAP), Jharkhand Mukti Morcha (JMM) and Telangana Rashtra Samithi (TRS) extended support to Alva.

Polling to elect the next Vice President of India began at 10 am.

The counting of votes began at 6 pm.

The Vice President of India, which is the second-highest constitutional post in the country, is elected through an electoral college consisting of members of the Rajya Sabha and the Lok Sabha.

All MPs of the Lok Sabha and the Rajya Sabha, including nominated members, are entitled to vote in the vice presidential election.

The two Houses of Parliament together have a sanctioned strength of 788 MPs, of which there are eight vacancies in the Upper House.

The Vice President of India is also the Chairman of the Rajya Sabha.

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