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 5,2022

Bengaluru, July 5: The sleuths of Anti Corruption Bureau (ACB) are conducting raids on the properties belonging to Chamarajpet MLA and Congress leader B Z Zameer Ahmed Khan in a disproportionate assets (DA) case.

According to ACB officials, the case of DA has been registered based on a report of the Enforcement Directorate (ED). The ED had conducted raids on the properties of Khan in August 2021 on the allegations of money laundering after his name surfaced in the IMA ponzi scam. 

A team of 40 officials are conducting raids in five places simultaneously. 

The searches are being conducted in the residence of Khan near Cantonment Railway station, a flat in Silver Oak apartment, a guest house at Sadashivanagar, a building housing GK Associates office at Banashankari and National Travels office in Kalasipalya. The officials are questioning a few persons and verifying the documents. 

The local police have taken the necessary security measures in all the places to avoid Khan's followers gathering at the spot. 

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News Network
July 4,2022

Bengaluru, July 4: Karnataka High Court Justice H.P. Sandesh on Monday lashed out at the authorities saying that he received a transfer threat as a result of his remarks against the Anti-Corruption Bureau (ACB).

While looking into the bail plea of the accused who was caught red-handed accepting a bribe at the Bengaluru Urban District Commissioner's office, Justice Sandesh said that he is ready to be transferred.

"I am ready for it for the good of people. Your ACB ADGP (Seemanth Kumar Singh) seems to be a powerful person. Somebody has told me this to my colleague. I have been informed about it by a judge. The threat of transfer will be recorded in the order," Justice Sandesh stated.

"I don't fear anyone. I am ready to bell the cat. I have not accumulated property after becoming a judge. I don't care if I lose the position. I am the son of a farmer. I am ready to till the land. I don't belong to any political party. I don't adhere to any political ideology," he remarked.

The counsel for the government in the case informed the bench headed by Justice Sandesh that the information regarding 'B-reports' (closure reports) had already been given to the division bench.

Earlier, the bench had directed the authorities to submit all closure reports filed till date. The court had underlined that the ACB had been turned into a collection centre. Closure reports are filed on those who were caught red-handed taking bribes, the bench stated.

"The second accused in the DC office raid case was appointed on a contract basis for the job of collection of money. You have been filing B-reports on those who were caught red-handed. Why are you not furnishing details to me, while the information has already been given to the division bench?" Justice Sandesh questioned the counsel for ACB.

"Are you protecting the public or tainted persons? The black coat is not for the protection of the corrupt. Corruption has become cancer and it should not reach the 4th stage. The officers are being extorted after threatening them with search warrants," Justice Sandesh noted.

"What should be done when the fence eats up the crop? The service records of ACB ADGP have not been produced before the court. You have reached a stage of issuing threats to the judge. The whole state is mired in corruption. If Vitamin M (money) is there, you (ACB) will protect anyone," he said.

The bench directed the DPAR Secretary to present before the court. The ruling BJP had transferred Bengaluru Urban District Commissioner J. Manjunath following the previous observation by the bench. 

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News Network
June 22,2022

Mumbai, June 22: A Maharashtra Shiv Sena minister, who is among the dissidents led by party leader Eknath Shinde, on Wednesday said they do not have any complaints against the Sena leadership, but they have been upset with the style of function of the NCP and Congress, the other two ruling alliance partners in the state.

The Shiv Sena MLAs, who have rebelled against the party, plunging the Maha Vikas Aghadi (MVA) government in Maharashtra into a crisis, arrived in Assam's Guwahati city by a chartered flight on Wednesday.

Speaking to a TV channel over phone, Maharashtra minister Sandipan Bhumare, who is among the dissidents, said, "We do not have any complaints against the Shiv Sena leadership. We have raised our complaints with Chief Minister Uddhav Thackeray, that it was getting difficult to work with the NCP and Congress ministers. It was very difficult for us to get our proposals and work requests approved from their ministers.”

To a query, Bhumare said he was given a cabinet portfolio and was satisfied with it. "What else do I need in life. But, as a people's representative, I need to address the grievances of my people. I could not do it properly because of these two alliance partners,” he added.

Meanwhile, another dissident Sena MLA Sanjay Shirsath told a TV channel that 35 party legislators were in Guwahati. "A couple of more MLAs will join us by today evening. We also have the support of three independent MLAs,” he claimed.

Shirsath also targeted state NCP and Congress ministers and claimed their "hostile behaviour" forced the Sena legislators to revolt. 

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