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 13,2022

With Covid-19 cases surging in India, clouds have formed over the likelihood of India being the venue for the 2022 Indian Premier League (IPL).

The Board of Control of Cricket in India (BCCI)  is mulling holding the league outside of India amid the ongoing scenario. However, unlike the past two years where the IPL has been partially or fully held in UAE because of the pandemic, the BCCI is now keen to look at other options for the flagship event.

Cricket board officials are considering South Africa and Sri Lanka as their backup options for IPL 2022, according to a report in The Indian Express.

“We can’t be dependent on UAE all the time so we decided to explore more options, South Africa’s time difference also works out well for the players,” a BCCI official told the publication.

South Africa, so far, has hosted two cricket series and has impressed BCCI officials for the way the country handled the Indian players.

“The place where the team was staying for the second Test is spread over several acres. There were walking tracks and even a pond on the property and that has made things easier for the players who for the last couple of years or so have been confined to their rooms on several overseas tours,” an official said.

A BCCI official, recently said that the board is prioritising holding the tournament in India but the decision will be dependent on what the state governments decide.

BCCI had to postpone the upcoming edition of the Ranji Trophy indefinitely due to the rise in Covid cases in the camps. The domestic U19 Behar Trophy was also halted midway for the same reason.

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News Network
January 21,2022

Bengaluru, Jan 21: Karnataka government, on Friday, decided to revoke the weekend curfew that the state government had imposed due to a surge in Covid-19 cases.

"This is subject to the condition that if the rate of hospitalisation goes up from the current 5%, we will impose weekend curfew again," said Revenue Minister R Ashoka.

However, night curfew will remain across the state. More details to follow. 

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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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