Tag: Mark Zuckerberg

  • Facebook employees stage walkout after ‘Mark Zuckerberg refuses to take action against Trump’s posts’

    Facebook employees stage walkout after ‘Mark Zuckerberg refuses to take action against Trump’s posts’

    Facebook employees have walked away from their work-from-home desks and taken to Twitter to accuse Chief Executive Officer (CEO) Mark Zuckerberg of not taking a stand against United States (US) President Donald Trump’s hateful posts on social media.

    As per the details, Reuters observed dozens of tweets against Mark in what was a rare case of the social media giant’s staff publicly standing against its CEO. 

    Thousands of people, including seven engineers of teams that maintain the react code library critical for Facebook’s apps, were among those who tweeted.

    Mark is wrong and I will endeavour in the loudest possible way to change his mind,” said Ryan Freitas, director of product design for Facebook’s newsfeed. He added that he mobilised more than 50 like-minded people to lobby for internal change.

    https://twitter.com/ryanchris/status/1267252760182788096?s=20

    Katie Zhu, a product manager at Instagram, tweeted a screenshot showing she had entered “#BLACKLIVESMATTER” to describe her request for time off as part of the walkout.

    https://www.instagram.com/p/CAwHG02JH8P/?utm_source=ig_web_copy_link

    Facebook Inc will allow its employees to take part in the protest and will not draw down their vacation days, said spokesperson Andy Stone. 

    Talkspace CEO Oren Frank tweeted he would “not support a platform that incites violence, racism, and lies”. The online therapy company also announced that it had ended partnership discussions with Facebook. 

    https://twitter.com/orenfrank/status/1267504648275005440?s=20

    It is worth mentioning here that Facebook CEO landed in hot water when he told Fox News that private social media platforms “shouldn’t be the arbiter of truth of everything that people say online”.

    President Trump retweeted the interview that had come after Twitter flagged his tweet about mail-in ballots as misleading.

    https://twitter.com/TwitterSafety/status/1265838823663075341

    It wasn’t later that Twitter responded to another Trump tweet pertaining to countrywide riots, for glorifying violence. Twitter covered up the tweet with a message warning it “violated Twitter rules about glorifying violence”.

    The viewers had to click on the message to see the underlying tweet.

    Trump posted the same message on Facebook, but Mark decided to let it stand unchallenged. “I have been struggling with how to respond to the president’s tweets and post all day,” he wrote in a post Friday. 

    “Personally, I have a visceral negative reaction to this kind of divisive and inflammatory rhetoric,” he said, adding that the company’s position, however, was that it should enable as much expression as possible unless it would cause an imminent risk of specific harms or dangers spelt out in clear policies.

    “I don’t know what to do, but I know doing nothing is not acceptable,” Jason Stirman, a member of Facebook’s research and development team, wrote on Twitter in response to Mark.

    Should Facebook also move towards policing Trump’s posts? Let The Current know in the comments.

  • Facebook, Amazon chiefs’ wealth rose 15pc amid coronavirus pandemic

    Facebook, Amazon chiefs’ wealth rose 15pc amid coronavirus pandemic

    Amid the coronavirus pandemic, wealth of the chief executive officers (CEOs) of Amazon and Facebook increased by 15 per cent.

    According to reports, wealth of Jeff Bezos and Mark Zuckerberg witnessed the increase within the past two months.

    More than 600 billionaires in the United States (US) became even richer as tech stocks rose during virus lockdowns.
    Between March 18 and May 19, their total net worth went up by $434 billion while coronavirus continued to cause unemployment around the world.

    Bezos’s wealth grew over 30 per cent to $174.6 billion while Zuckerberg’s fortune increased by more than 45 per cent to $80b billion.

    As per a study conducted by Americans for Tax Fairness and the Institution for Policy Studies’ Programme for Inequality, Amazon and Facebook stocks have surged following new programmes that pushed their businesses ahead at a time when many consumers are stuck at home.

    Reportedly, job losses in the US have surpassed 36.8 million since business shutdowns began in the middle of March to stop the spread of the deadly new disease.

    Data also shows that housing sale and manufacturing businesses also collapsed during the said time period.

    Coronavirus has killed at least 94,700 people in the US where more than 1.5 million infections have so far been confirmed.

  • Amazon owner likely to become world’s first trillionaire

    Amazon owner likely to become world’s first trillionaire

    While the coronavirus pandemic has racked the global economy with uncertainty, Amazon founder Jeff Bezos is on track to become the world’s first trillionaire by the year 2026.

    The business software comparison site used data collected from the last five years of the Forbes Rich List to calculate the yearly wealth growth rate of the world’s richest billionaires.

    The results concluded that Bezos, whose wealth is over $140bn, could become the world’s first trillionaire in 2026, by then he will be 62 years old.

    The study also says that Mark Zuckerberg, founder of Facebook, could become the youngest trillionaire in the world in 2036 when he will be 51 years old.

    Physical shopping is not a thing at the moment, therefore, Amazon is doing well at the moment because the demand for online is very high.

    Last month Jeff Bezos donated $100 million to US food banks which are struggling to feed a growing number of Americans who have lost their jobs due to the coronavirus crisis.

    According to the Billionaires Index, Bezos is one of the world’s five richest people who hasn’t lost money in 2020 as a result of the coronavirus pandemic. Amazon has reported $75.5 billion in revenue for the first quarter of 2020.