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Tag: social media

  • Sheryl Sandberg to step down from Facebook after 14 years

    Sheryl Sandberg to step down from Facebook after 14 years

    Facebook-parent Meta confirmed that Sheryl Sandberg is stepping down as its chief operating officer (COO) of the social media platform.

    However, Sandberg did not specify the reason for her departure from the company, which will happen in the fall, in a Facebook post. Sandberg revealed that she intends to concentrate on her charity efforts in the future.

    “The debate around social media has changed beyond recognition since those early days. To say it hasn’t always been easy is an understatement,” Sandberg wrote. “But it should be hard. The products we make have a huge impact, so we have the responsibility to build them in a way that protects privacy and keeps people safe”.

    Mark Zuckerberg clarified that Sandberg will remain on the board of directors of Meta, according to Meta CEO Mark Zuckerberg in a separate Facebook post. The company’s Chief Growth Officer, Javier Olivan, will take over as COO, although his work will be “distinct from what Sheryl has done” and “a more traditional COO function”.

    In a recent post, Zuckerberg said: “It’s unusual for a business partnership like ours to last so long. I think ours did because Sheryl is such an amazing person, leader, partner, and friend”.

    Sandberg established herself as a high-profile figure in the IT industry prior to joining Facebook, having previously served as Google’s vice president of global online sales and operations. Prior to joining Google, she worked for President Bill Clinton at the World Bank and the Treasury Department.

    She was often regarded as the adult supervisor for a firm led by a very young entrepreneur during her early years at Facebook.

    Sandberg closely worked with Zuckerberg to increase Facebook’s income from around $150 million in 2007 to over $3.7 billion in 2011, the year before the company went public.  She also rose to fame as one of the most powerful women in technology. Her notoriety was enhanced by her role in founding the Lean In movement, which outlined a strategy for women to succeed and achieve their objectives.

  • Musk sued for stock manipulation during Twitter takeover bid

    Musk sued for stock manipulation during Twitter takeover bid

    The most controversial billionaire Elon Musk has been sued by Twitter Inc shareholders, who claim he manipulated the company’s stock price downward, as the CEO of electric carmaker Tesla Inc mounts a $44 billion buyout offer for the social media platform.

    According to the investors, Musk saved $156 million by failing to disclose that he had acquired more than 5 per cent of Twitter by March 14. They requested class certification and an unknown amount of punitive and compensatory damages.

    They also named Twitter as a defendant, claiming the company owed them an investigation into Musk’s behaviour, though they are not seeking monetary damages from the company.

    As per the lawsuit, filed on Wednesday in San Francisco federal court, the investors claimed Musk continued to buy stock after that and eventually disclosed in early April that he owned 9.2 per cent of the company.

    “By delaying his disclosure of his Twitter stake, Musk engaged in market manipulation and purchased Twitter stock at an artificially low price,” the investors, led by Virginia resident William Heresniak, claimed. Requests for comment were not immediately returned by Musk or his lawyer.

    The recent drop in Tesla’s stock has put Musk’s ability to finance his acquisition of Twitter in “major jeopardy,” according to the investors, because he has pledged his shares as collateral to secure the loans he needs to buy the company.

    Tesla’s stock was trading around $713 per share on Thursday afternoon, down from over $1,000 in early April. According to the Wall Street Journal, the timing of Musk’s disclosure of his stake has already triggered an investigation by the US Securities and Exchange Commission (SEC).

    The SEC demands any investor who purchases more than 5% of a company’s stock to disclose their assets within 10 days of crossing the limit.

    The investors also claimed that Musk’s public criticism of the company, such as a May 13 tweet stating that the buyout was “temporarily on hold” until Twitter proved that spam bots accounted for less than 5% of its users, amounted to an attempt to drive the share price even lower.

    Musk pledged an additional $6.25 billion in equity financing to fund his bid for Twitter on Wednesday, indicating that he is still working to close the deal.

    Earlier this month, the tech mogul was sued in Delaware Chancery Court by a Florida pension fund, which sought to halt the transaction on the grounds that some other large Twitter shareholders were supporting the buyout, which is a violation of Delaware law. The lawsuit filed by Heresniak does not seek to halt the takeover.

  • Most common women harassment platforms are WhatsApp, Facebook: Research

    Most common women harassment platforms are WhatsApp, Facebook: Research

    A Pakistani research-focused NGO, Digital Rights Foundation (DRF) revealed its annual report on the five-year cyber harassment helpline.

    According to the DRF, WhatsApp and Facebook were the most commonly utilised apps in Pakistan to harass women. Its helpline for combating online abuse and harassment will reach a five-year milestone this year.

    In the last five years, the online harassment helpline has received over 11,681 cases. In 2021, there were 4,441 cases received, with an average of 370 instances each month. The months of March and September saw a spike in reports, while the remainder of the year was quite constant.

    About 68 per cent of the calls were from women, 30 per cent were from males, and the remaining 2 per cent were from gender minorities. WhatsApp was the most widely mentioned platform for harassment, followed by Facebook.

    In 2021, 893 complaints were related to blackmail, and 727 incidents on the helpline involved the use of non-consensual photos, according to the research.

    Executive Director of DRF Nighat Dad stated that “the pace at which the cases of cyber harassment are increasing is alarming and must serve as a wake-up call for us to take appropriate action to make the internet a safe and equal space for everyone”.

    Pakistan’s first specialised helpline against cyber violence and harassment, the cyber-harassment helpline, was opened in December 2016. The toll-free number (0800-39393) is available Monday through Sunday, 9 AM to 5 PM, and includes email and social media help.

    Via: Geo

  • Musk says no Twitter deal without clarity on bot accounts

    Musk says no Twitter deal without clarity on bot accounts

    The tech mogul Elon Musk and Twitter CEO Parag Agrawal are arguing about bots, which Musk has made a core issue in his acquisition of the microblogging site.

    On the other hand, Agrawal outlined Twitter’s approach to spam accounts and the obstacles it faces in dealing with them in a series of tweets on May 16.

    Every day, Twitter suspends almost half a million spam accounts, according to Agrawal. He reaffirmed Twitter’s long-held estimate that less than 5 per cent of its daily active users are spam accounts, which Musk mentioned on Friday when declaring that his $44 billion proposal to buy Twitter was temporarily on pause.

    That estimate, according to Agrawal, is based on ‘many human reviews of thousands of users’ picked at random, but it’s impossible to know which accounts are counted on any given day.

    While Twitter feels its estimations are realistic, the measures were not independently validated, and the actual number of bogus or spam accounts could be greater.

    Believe it or not, Musk responded to Agrawal’s first 13 tweets with a ‘faeces emoji’.

    Musk then asked a more thought-provoking inquiry about how can advertisers know what they’re getting for their money as this is essential Twitter’s financial health.

    Tesla’s CEO has been vocal about bots and spam accounts on Twitter, describing bitcoin spam and bots as the most aggravating issue on the network.

    Read more: Musk postpones Twitter acquisition after discovering number of fake accounts

    Anyone who has seen the answers to Musk’s tweets knows that they are full of such con artists, many of whom try to profit from Musk’s fame.

    However, other analysts believe that the world’s richest man is leveraging the bot issue to lower the price at which he would purchase the platform, whether as an unusual bargaining ploy or out of necessity.

  • Musk postpones Twitter acquisition after discovering number of fake accounts

    Musk postpones Twitter acquisition after discovering number of fake accounts

    Elon Musk has put his $44 billion (£35 billion) proposal to buy Twitter on hold, citing concerns over the number of bogus or spam accounts on the platform.

    He stated that he was awaiting facts “to support [the] calculation that spam/fake accounts do indeed comprise less than 5 per cent of users”.

    Mr Musk has been super vocal about the need to eliminate spam accounts. Analysts believed that he may be attempting to reduce the price or perhaps run away from the acquisition.

    In pre-market trade, Twitter’s stock dropped as much as 25 per cent in response to Mr Musk’s remark. Later, he stated that he remains “dedicated to acquisition”.

    If either Twitter or Mr Musk decides to leave, they must pay the other party a $1 billion termination fee.

    Fake accounts accounted for less than 5 per cent of Twitter’s daily active users in the first three months of this year, according to a report released more than two weeks ago.

    However, the corporation admitted that it used significant judgment in calculating the number of spam accounts, thus “our estimation of fraudulent or scam accounts may not precisely represent the real number of such accounts”.

    Read more: Elon Musk may takeover Twitter for $46.5 billion within this week

    “The actual number of false or spam accounts could be higher than we have estimated. We are continually seeking to improve our ability to estimate the total number of spam accounts,” it said.

  • Safe to fill up fuel tanks to the max in this heat?

    Safe to fill up fuel tanks to the max in this heat?

    Considering Pakistan’s scorching summer and rising petroleum prices, a claim has been made regarding how much fuel should be topped inside a vehicle.

    According to a viral image being attributed to Pakistan State Oil (PSO), motorists should not fill gasoline to the full capacity of the tank owing to rising temperatures since it may trigger an explosion in the tank. Drivers can fill half of their tank and leave the rest for air.

    Conversely, there has been no official word from the oil company in this regard; however, a similar image went viral years ago when PSO clarified that filling fuel tanks to their full capacity poses no harm to automobiles or passengers.

    The announcement came after a Whatsapp message went viral on the internet in 2018. In view of rising temperatures, the message falsely claimed that PSO had warned the public against filling gasoline tanks to full capacity.

    According to the statement from PSO, the auto-igniting temperature of gasoline is far higher than the peak summer temperatures in Pakistan. Filling a petrol tank to the maximum capacity poses no danger to the automobile or its occupants, and is considered fully safe and advantageous to the vehicle’s operation.

    Read more: CNG prices pushed to Rs140 per kg for sales tax collection

    Also, the idea that filling the vehicle’s gasoline tank to the full capacity will cause an explosion defies scientific logic.

    This is because the auto-ignition temperature for petrol is 495°F (257°C), which is the lowest temperature required to ignite a gas or vapour in air without the presence of a spark or flame. The highest recorded temperature on earth was 56.7°C (134°F), observed on July 10, 1913, at Greenland Ranch, Death Valley, California, USA.

  • ‘Like a miracle’: How Instagram helped an Islamabad influencer find lost cat after two months

    ‘Like a miracle’: How Instagram helped an Islamabad influencer find lost cat after two months

    Islamabad based influencer Waliya Najib has been reunited with her cat after two months. Waliya lost her cat on March 9 in Islamabad and after that, she kept posting pictures of her cat on Instagram to ask people for help. She also offered a lakh rupees as reward money.

    Waliya got a lead on her cat when an Islamabad based vet posted pictures and videos of her lost cat, “Muffin.” However, there is a twist in the story. The people who brought the cat to the vet did not leave a contact number. “They can’t contact the people that brought him because they didn’t leave a number, and took him back once he was groomed.” The vet helped her Waliya to “track him down.”

    After a few days, she was finally reunited with Muffin. Social media users gave an overwhelming response to her post, helping her find Muffin.

    “KING MUFF IS BACK HOMEEEE! This is nothing short of a miracle Thank you so much @aliyanvets for randomly posting that video and for helping me track him down, if it wasn’t for you guys I wouldn’t have found him! And to all of you guys for praying constantly. I’ve been so stressed today but the wait was worth it! I cant right now! Need to give him all the cuddles for the two whole months he was away,” she wrote while sharing videos and pictures of her cat.

    She also trended on Twitter.

    https://twitter.com/Jiyascircle/status/1523547149232795648
    https://twitter.com/Nida__Faizan/status/1523664106363842560
  • Musk, Twitter sued by Florida pension fund to prevent acquisition

    Musk, Twitter sued by Florida pension fund to prevent acquisition

    Elon Musk and Twitter are back in the spotlight after a Florida pension fund filed a lawsuit on Friday to restrict the Tesla CEO’s $44 billion takeover of the microblogging site.

    The Orlando Police Pension Fund filed a complaint in Delaware Chancery Court, claiming that under Delaware law, Musk cannot entirely take over the company until at least 2025 unless two-thirds of the company’s shares are owned by Musk.

    Musk became an “interesting investor” when he acquired over 9 per cent of the Twitter share, according to the complaint, forcing the delay.

    According to CNN, the whole Twitter board of directors is a defendant in the case, including CEO Parag Agrawal. The current application aims to push the merger’s completion date back to at least 2025.

    The US Federal Trade Commission (FTC) is investigating SpaceX’s creator for antitrust violations, which might postpone the deal’s completion.

    Musk’s initial purchase of the 9 per cent interest is being investigated by the FTC, which is questioning whether he fulfilled an antitrust filing obligation when the stocks were first purchased in April.

    Read more: Elon Musk plans to fire Twitter employees to save money

    The Republican Party strongly supports the Twitter agreement, hoping that conservatives banned from the site, such as former President Donald J Trump, will be allowed to return. Neither Twitter nor Musk has responded to the recent news.

  • Shahid Afridi responds to ‘criticism of Khan’ by PTI supporters

    Shahid Afridi responds to ‘criticism of Khan’ by PTI supporters

    Former Pakistan cricket captain Shahid Afridi responded to social media criticism he has been receiving after he expressed his views about PTI’s government in a recent interview.

    In a video posted on YouTube with the caption, ‘Pakistan’s sovereignty above all’, Afridi said that he wanted to respond to “negative criticism” on social media. He started by saying that he is grateful that he was born in Pakistan and will continue to serve his country in every way that he can.

    Afridi stated he has always admired Imran Khan’s leadership in cricket and politics.

    “Imran Bhai is my ideal. I started cricket only because of him as Khan inspired me. He showed leadership in the 1992 World Cup and that’s why we won the World Cup.” Afridi also lauded Shaukat Khanum Hospital and said it is a huge contribution to our society by the former premier.

    “I have always said that whoever comes to power should complete five years in government. I have always praised Imran Khan as a leader but it’s my right to disagree with his policies and views. Do not convert difference of opinion into hatred. In a civilised society, difference of opinion is tolerated.”

    He also praised PTI government’s Sehat Card.

    “I spoke as a common Pakistani regardless of any political ideology,” he added. “when I congratulated Shehbaz Sharif on becoming Prime Minister, I knew that I would be criticised for it. I didn’t do it due to any vested interest. Whoever becomes a leader of this country should be respected as he/she represents us all over the world.”

    Afridi also thanked and praised overseas Pakistanis.

    https://twitter.com/SAfridiOfficial/status/1522657700575907843?s=20&t=CRGRnGTIHNrGjT5jo24pFQ

    Previously, Afridi in an interview said Imran Khan committed numerous blunders during his time as Pakistan’s premier. He went on to say that Imran should own up to his mistakes and be held accountable for them. Afridi added that he and his family had high expectations for Imran Khan, but that he did not deliver.

    Social media users criticised Afridi for voicing his political opinion and congratulating Prime Minister Shebaz Shairf.

  • Elon Musk plans to fire Twitter employees to save money

    Elon Musk plans to fire Twitter employees to save money

    Tesla and SpaceX CEO Elon Musk is putting his plans into action after acquiring Twitter for $44 billion. In an attempt to obtain money for the takeover, he told banks that he wanted to cut the salaries of board members and executives and also pitched ideas for monetizing tweets.

    Musk presented the pitch to the financiers just days after making his bid on Twitter on April 14. He previously stated that if the offer was accepted, board members’ wages will be cut to zero, saving Twitter $3 million per year. It seems clear that Musk plans to lay off people to save money.

    The tech mogul also remarked that Twitter has a considerably smaller gross margin than similar sites like Facebook and Pinterest. He claimed that this freed up a lot of room for the corporation to run more cost-effectively.

    Musk detailed his ambitions to create features that will help his company generate more money from tweets that contain essential information or become viral.

    Read more: Instagram is testing ‘pin’ feature for posts

    In the near future, a fee could be charged if a third-party website quotes or incorporates a tweet from verified individuals or organisations.