MARK ZUCKERBERG

The current bishop of the Roman Catholic Diocese of Sokoto, Matthew Kukah has said restructuring is not the solution to Nigeria’s problems. While stating that there are no solutions to the country’s problems, Kukah said all the nation has are coping mechanisms to deal with the problems. Kukah said: “Anybody pretending that restructuring is the solution to our problems… it isn’t, because there are no solutions. “They are coping mechanisms that you can design. “People focus on power, but the…

Embattled Facebook CEO Mark Zuckerberg said on Tuesday he has no plans to resign, sounding defiant after a rough year for the social platform. “That’s not the plan,” Zuckerberg told CNN Business when asked if he would consider stepping down as chairman. He also defended Facebook chief operating officer Sheryl Sandberg, who has drawn criticism over her handling of the social media giant’s recent crises. “Sheryl is a really important part of this company and is leading a lot of the efforts for a lot of…

Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers. State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, co-filed the proposal. They oversee money including pension funds and joined activist and original filer Trillium Asset Management. A similar shareholder proposal…

Instagram said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, giving scant explanation for the move. The departures at Facebook’s fastest-growing revenue generator come just months after the exit of Jan Koum, co-founder of Facebook-owned messaging app, WhatsApp, media reports on Tuesday. These exits leave the social network without the developers behind two of its biggest services. They also come at a…

Facebook’s definition of what constitutes “terrorism” is “overly broad” and risks leading to censorship and the arbitrary denial of access to its services, a UN rights expert warned Monday. The UN Special Rapporteur on promoting and protecting human rights while countering terrorism has written to Facebook chief Mark Zuckerberg to express concern about the company’s efforts to block “terrorists” from using its platform, according to a statement. “The use of overly broad and imprecise definitions as the basis for…

Facebook Inc. plunged as much as 20 percent Thursday after the social-media company showed signs of slowing growth following months of scandal and criticism that delivered a suckerpunch to earnings. The social-media goliath’s financial performance had previously seemed immune to fierce critiques of its content policies, its failure to safeguard private data, and its changing rules for advertisers. But on Wednesday Facebook reported sales and user growth numbers for the second quarter that fell short of analysts’…

Mark Zuckerberg's fortune tumbled by $16.8 billion in late trading Wednesday as Facebook shares slid 20 percent in post-market trading in New York on disappointing results. According to Bloomberg, if that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index. It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion. Second-quarter revenue and average daily visitors fell short of analysts’ estimates, according to a…

Reality television star and entrepreneur Kylie Jenner is poised to become the youngest self-made billionaire, Forbes reports. The youngest member of the Kardashian family, who is the cover of Forbes "America's Women Billionaires" August 2018 issue, is worth roughly $900 million according to the magazine. The 20-year-old who launched Kylie Cosmetics in 2016, leaves sister Kim Kardashian West behind who is worth $350 million. "I struggled for a minute with finding something to do on my own," Jenner said on launching…

Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index. It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is now…

The French President, Mr Emmanuel Macron, on Wednesday, signed a 1bn Dollars French Development Agency (AFP) investment agreement to support the growth of African Entrepreneurs. Macron made the announcement during a 15-minute interactive session hosted by Tony Elemulu Foundation for 2000 African entrepreneurs at Victoria Island in Lagos. Speaking at the session, the president urged African entrepreneurs to have a change of mindset and quit thinking that it is: "impossible to succeed in my country "but rather try to…