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
January 25,2022

New Delhi, Jan 25: India's daily Covid-19 cases dipped below the 3-lakh mark on Tuesday as the nation logged 2,55,874 new infections, according to the Union Health Ministry data. The country recorded 614 fatalities over the past 24 hours.

The ministry said that active cases have decreased to 22,36,842 and comprise 5.62 per cent of the total infections, while the national Covid-19 recovery rate has decreased to 93.15 per cent.

Meanwhile, the head of the World Health Organization on Monday urged countries to work together to bring the acute phase of the pandemic to an end, saying that they now have all the tools available to do so.

A reduction of 12,493 cases has been recorded in active cases in a span of 24 hours.

The daily positivity rate was recorded at 15.52 per cent while the weekly positivity rate was 17.17 per cent, according to the health ministry.

 The number of people who have recovered from the disease increased to 3,70,71, 898, while the case fatality rate was recorded at 1.23 per cent, it said.

The cumulative Covid-19 vaccine doses administered in the country so far is over 162.92 crore.

India's Covid-19 tally had crossed 20 lakh on August 7, 2020, 30 lakh on August 23, 40 lakh on September 5 and 50 lakh on September 16.

It went past 60 lakh on September 28, 70 lakh on October 11, crossed 80 lakh on October 29, 90 lakh on November 20 and surpassed the one-crore mark on December 19, 2020.

India crossed two crore cases on May 4 and three crore cases on June 23 last year.

The 614 new fatalities include 171 from Kerala, 46 from Tamil Nadu and 45 from Punjab, the data stated.

A total of 4,90,462 deaths have been reported so far in the country, including 1,42,151 from Maharashtra, 51,987 from Kerala, 38,614 from Karnataka, 37,264 from Tamil Nadu, 25,650 from Delhi, 23,073 from Uttar Pradesh and 20,375 from West Bengal.

The health ministry said that more than 70 per cent of the deaths occurred due to comorbidities.

"Our figures are being reconciled with the Indian Council of Medical Research," the ministry said on its website, adding that state-wise distribution of figures is subject to further verification and reconciliation. 

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News Network
January 13,2022

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Lucknow, Jan 13: Uttar Pradesh minister Dharam Singh Saini on Thursday resigned from the BJP, becoming the ninth MLA to break off ties with the saffron party just days ahead of the state assembly polls.

Earlier in the day, Dharam Singh Saini returned the security cover and residence allotted to him by the state government, which set off speculation that he was going to quit the BJP.

Dharam Singh Saini is the Minister of State (Independent Charge), Ayush, Food Security and Drug Administration.

The BJP’s Uttar Pradesh unit has witnessed a string of defections over the last few days, starting with cabinet minister Swami Prasad Maurya. At the time, Maurya had said that many more legislators would follow suit.

He said he was resigning due to "gross neglect" towards Dalits, backwards, farmers, unemployed youth and small traders. Over the following days, several other BJP MLAs Brajesh Prajapati, Roshan Lal Varma, Bhagwati Sagar, Mukesh Verma, Vinay Shakya among others, quit the party.

OBC leader Dara Singh Chauhan resigned on Wednesday from the Yogi Adityanath cabinet and appeared to be headed towards the Samajwadi Party. Chauhan said he had worked with dedication for the past five year but Dalits, the OBCs and the unemployed did not get justice from the BJP government.

Dharam Singh Saini is said to be a close aide of Maurya.

Earlier, Suheldev Bharatiya Samaj Party (SBSP) chief Om Prakash Rajbhar claimed that one to two ministers would quit the Yogi Adityanath Cabinet daily and this figure would go up to 18 by January 20. Rajbhar has struck an alliance with the Samajwadi Party for the 2022 assembly elections.

The Uttar Pradesh Assembly elections will be held in seven phases. Polling will be held from February 10 and the counting of votes will take place on March 10. 

Earlier, Shikohabad MLA and backward caste leader Dr Mukesh Verma has resigned from the party. "Swami Prasad Maurya is our leader. We will support whatever decision he takes. Many other leaders will join us in the coming days," Verma said.

In his letter addressed to the state BJP president, Varma alleged that the Yogi Adityanath government, in the past five years, has failed to address the problems of weaker sections, youth, farmers, Dalits and OBCs.

He said small traders and businessmen had suffered in the regime.

OBC leader Dara Singh Chauhan resigned Wednesday from the Yogi Adityanath cabinet and appeared to be headed towards the Samajwadi Party.

A day earlier, as BJP leaders brainstormed in Delhi on the UP assembly polls, Swami Prasad Maurya, also a prominent Other Backward Class leader, had quit the state cabinet.

Three other BJP MLAs announced their resignation from the party, seemingly in Maurya's support.

Yet another BJP MLA, Avtar Singh Bhadana, quit the party on Wednesday and is joining the Rashtriya Lok Dal, an SP ally.

But two Uttar Pradesh MLAs – Naresh Saini from the Congress and Hari Om Yadav from the SP – joined the BJP on Wednesday, a welcome development for the ruling party as it deals with the sudden defections from its ranks.

Maurya, Dara Singh Chauhan, (both ministers), Roshan Lal Varma, Brijendra Prajapati, Bhagwati Sharan Sagar, Vinay Shakya and Avatar Singh Bhadana resigned in past two days.

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News Network
January 13,2022

Bengaluru, Jan 13: Karnataka may witness 20,000 to 70,000 daily hospitalisations for Covid by the end of January or February 2.

These are the new projections made by researchers at the Indian Statistical Institute and Indian Institute of Science on Tuesday.

Similarly, projections made by the researchers for ICU bed requirement shows that the state will require 1,000 beds to more than 3,000 beds by February 2.

As per projections made by another group INDSCI-SIM (Indian Scientists’ Response to Covid-19), Karnataka, by January 25, will have 35,000 daily cases and 500 to 5,000 severe cases, based on whether individuals are fully vaccinated or unvaccinated.

Prof Gautam Menon, professor of Physics and Biology, Ashoka University, Haryana, who has worked on several Covid models and is a part of INDSCI-SIM, said, “Across the country, we expect six lakh to nine lakh new Covid cases to be reported at the peak between January 21 and February 10. By March, the curve will flatten. Another common thing with projections from other models is that the number of cases will be larger than the second wave.”

Private Hospitals and Nursing Homes Association (PHANA) president Dr H M Prasanna said, “The state’s private sector does not have 1.4 lakh beds as is being reported. When the second wave started, we checked and there were only 66,000 beds. This is as per the Suvarna Arogya Suraksha Trust portal. We don’t know when it increased. Maybe the government is factoring in medical college hospital beds.”

Estimating the number of beds in private hospitals, he said, there are around 6,500 private hospitals in Karnataka, apart from medical colleges.

“In all, there are 70,000 beds in private hospitals and medical colleges. In both the government and private sector, there may not be more than one lakh beds,” he said.

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