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
July 6,2025

Mangaluru, July 6: The Mangaluru City Crime Branch (CCB) has arrested two more key accused in a massive overseas job visa scam that duped nearly 300 job seekers and siphoned off over ₹4.5 crore.

With these latest arrests, the total number of individuals held in the case has now risen to three.

Commissioner of Police Sudheer Kumar Reddy C H identified the two newly arrested as: Dilshad Abdul Sattar Khan (45), a resident of Navi Mumbai, and Sahukari Kishore Kumar, alias Anil Patil (34), from Dombivli, Thane district, Maharashtra.

How the Scam Worked

According to the police, the accused opened an office in Bendoorwell, Mangaluru, under the name: Hireglow Elegant Overseas International (OPC) Pvt Ltd

Using newspaper advertisements and false promises of guaranteed overseas jobs, the suspects allegedly lured hundreds of job seekers. Victims were charged hefty amounts for visa processing and placement services, none of which materialized.

Investigations revealed that at least 289 individuals were defrauded, with the total loss amounting to approximately ₹4.5 crore. No genuine visas were issued to any of the victims.

Legal Action and Previous Arrest

The case is being pursued under sections 316(2), 318(4) read with 3(5) of the Bharatiya Nyaya Sanhita (BNS) and was initially registered at the Mangaluru East Police Station.

Earlier, police had arrested Masiwulla Khan, a Mumbai-based accomplice, who is currently in judicial custody. The latest arrests are believed to be of the prime accused in the case.

More Arrests Likely

Both newly arrested suspects were produced before a magistrate and have been remanded to police custody for further investigation.

Police have not ruled out more arrests, as the investigation continues into the full extent of the racket and whether more victims or agents are involved.

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News Network
July 4,2025

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Moscow, July 4: Russia has officially recognized the Taliban government as Afghanistan's rightful government, the first country to do so nearly four years since the extremists took power. The action is a diplomatic victory for the Taliban and underscores Russia's increasing influence in Central Asia and South Asia, the New York Times reported.

In a statement on X, Afghanistan's Foreign Ministry confirmed that Russian Ambassador Dmitry Zhirnov conveyed the Kremlin's acknowledgement during a meeting in Kabul with Taliban foreign minister Amir Khan Muttaqi. The Russian Foreign Ministry declared the move would provide "impetus to the development of productive bilateral cooperation" in trade, energy, and infrastructure.

A diplomatic win for the Taliban

The formal acknowledgment is a major victory for the Taliban. In spite of repeated attempts at rapprochement, the movement had not managed to gain legitimacy, since Western and most Islamic countries had maintained diplomatic ties at a bare minimum.

However, with time, attitudes have changed globally. With the Taliban firmly in place and with no sign of internal collapse, different countries have begun exploring pragmatic contacts, albeit short of recognition. The Russian step is a continuation of those steps, following China's infrastructure overtures, India's resumption of visa grants, and low-key diplomatic moves by Germany and others.

"Such acknowledgment by Russia provides not only diplomatic legitimacy but also bargaining power for the Taliban to demand more action from unwilling countries," according to Tom Ramage, Brussels-based foreign policy analyst.

The designation is the culmination of heightened ties between Moscow and Kabul over the past few years. In April, Russia's supreme court removed the Taliban from its official list of terrorist organizations, a designation that had been in place more than two decades previously. That move set the stage for more collaboration on security, notably against the Islamic State affiliate ISIS-K, which has become a common threat to both regimes.

ISIS-K launched a vicious attack in March 2024 against a Moscow-region concert hall that killed over 130. The group also targeted the Russian Embassy in Kabul in the past, giving Moscow all the more impetus to assist the Taliban in counterterrorism and intelligence efforts.

Russia's Foreign Ministry emphasized that enhanced cooperation would include energy, agriculture, and transport infrastructure. Moscow is keen on better access to Afghan mineral wealth and trade routes linking Central Asia with South Asia and beyond.

A change in the international landscape

While Russia's move is singular in that it was the only complete recognition, it is one aspect of a broader rebalancing of foreign relations towards Afghanistan. China has pledged to extend its Belt and Road infrastructure projects into the country, and the United Arab Emirates and Iran remain two of Afghanistan's largest trade partners.

Germany, in turn, is considering a deal with the Taliban to deport Afghan nationals residing illegally in Germany. Though not an official recognition, it does acknowledge the de facto rule of the Taliban over the state machinery.

The United States is also firmly opposed to recognition, pointing to the continued oppression of women by the Taliban, such as banning girls from schooling beyond sixth grade and restricting the employment of women. US officials have also rejected any effort to release Afghan central bank funds unless there are concrete human rights guarantees.

A complicated history

Russia's move has a historic significance. The Soviet Union had invaded Afghanistan in 1979 and engaged in a long, harsh conflict with US-supported mujahedeen fighters for a decade, killing almost 15,000 Soviet troops. Now, Moscow is seeking influence in the area through diplomacy, not military might, trying to fill a void left by the United States after it withdrew from the country in 2021.

Foreign Minister Muttaqi welcomed the recognition as "an opportunity for other countries to follow." The Taliban hopes it will lead to greater economic investment and increased legitimacy, though obstacles remain. While Russia welcomed the Taliban, most of the world still denies it legitimacy in its form of government, and aid only comes in under tight controls.

As Moscow makes a comeback as an international player and Kabul looks for partners willing to ignore its human rights abuses, Thursday's statement marks a turning point in the geopolitics of post-US Afghanistan.

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News Network
July 4,2025

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Mangaluru, July 4: The National Investigation Agency (NIA) on Friday arrested a key accused, who had been living abroad for the last two years, in connection with its probe into the sensational murder of BJP leader Praveen Nettaru in Karnataka, officials said.

The accused, Abdul Rahaman, was taken into custody by the NIA team at the Kannur International Airport in Kerala on his arrival from Qatar, they said.

A total of four accused, including Rahaman and two other absconders, were chargesheeted by the NIA in the case in April this year, taking the total chargesheeted in the case to 28.

The NIA had also declared rewards for information relating to six absconders. Rahaman was carrying a reward of Rs 4 lakh for this arrest. He is the 22nd accused to be arrested in the case.

Investigation officers claim that Rahaman, on directions of PFI leadership, harboured the main assailants and others involved in the case, the agency said in a statement, adding that he fled to Qatar after the attackers were arrested.

Nettaru was killed with sharp weapons by assailants on July 26, 2022, in Bellare village of Sullia Taluk in Dakshina Kannada district, Karnataka, the statement said.

According to NIA, the killing was part of a larger conspiracy aimed at striking terror among the people and unleashing communal hatred and unrest in the society.

The NIA, which re-registered the case on August 4, 2022, is trying to track down the remaining absconders.

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