Mark zuckerberg

Online education is among the more profitable businesses among startups, as revenues are real, parents are willing to pay for quality education and costs are mainly hiring teachers and a technology platform. Unlike other sectors, discounts or cash burn is less common. … [Read more...] about Eruditus raises $113 million from Chan Zuckerberg fund, others; valuation doubles

The letter pointed out that Facebook’s failure to curb hate content is impacting the safety of marginalised groups in the country. “In fact, mass riots in India spurred on by content posted on Facebook have been occurring for at least seven years,” the letter said. … [Read more...] about Civil rights organisations write to Facebook CEO Zuckerberg to address hate content

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about World’s 10 richest tech giants shed $44 billion wealth, Jeff Bezos tops list with $9 billion loss

Ironically, it’s the same digital entrepreneurs that benefited from the decline of print, such as Larry Page or Jack Dorsey, who are now well-positioned (and would be well-advised) to play the role of hero. Owning a media property, after all, creates a halo effect. When Salesforce founder Marc Benioff rescued Time magazine, he didn’t just buy an American institution—he threw a lifeline (complete with benefits) to thousands of people who help shape public opinion. The same goes for Laurene Powell Jobs and The Atlantic. As with other forms of philanthropy, media patronage tends to be a win-win proposition. … [Read more...] about Bezos, antitrust, and the power of media patronage

Commenting on the deal, RIL said this is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India. The investment values Jio Platforms amongst the top 5 listed companies in India by market capitalization, within just three and a half years of launch of commercial services, it said in a statement. … [Read more...] about Facebook buys 9.9% stake in Reliance Jio for Rs 43,574 crore in largest tech FDI