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Zuckerberg loses $6bn in hours, drops to 5 on Billionaires Index

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Mark Zuckerberg

…as WhatsApp, Facebook, Instagram return

Facebook founder and Chief Executive Officer (CEO), Mark Zuckerberg’s personal wealth has fallen reduced by more than $6 billion in a few hours, knocking him down a notch on the list of the world’s richest people.

The drastic reduction in his net worth was largely due to a revelation by a whistleblower and also outages that affected Facebook Inc.’s flagship products.

The flagship products include Facebook, Facebook Messenger, Instagram, and WhatsApp.

According to a report by Yahoo Finance, 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 September 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 an explosive 60 Minutes interview that aired in the United States, Sunday, data scientist Frances Haugen, a former employee in Facebook’s civic integrity unit, revealed that she was the source of the internal documents and research showing the company knew of the harmful effects caused by its platforms.

According to DW, the company’s own findings include knowledge of the harms Instagram caused teen girls’ body image perceptions and a two-tier system of penalties for misuse of its platforms, one for celebrities and the other for the public

“I’ve seen a bunch of social networks and it was substantially worse at Facebook than what I had seen before,” Haugen told “60 Minutes.”

“The version of Facebook that exists today is tearing our societies apart and causing ethnic violence around the world,” she added.

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.

Vanguard News Nigeria

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Tiwa Savage should’ve sold sex tape to porn company – Dencia

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Reprudencia Sonkey aka Dencia

Cameroonian-born singer Reprudencia Sonkey aka Dencia has opened up on Tiwa Savage’s leaked sex tape.

Dencia argued the pop star with her PR team and blackmailer weren’t smart enough in the way they handled the leaked sex tape.

According to the fashion designer, Tiwa savage or her blackmailer should have sold the clip to a porn company which would have earned them a lot of money.

READ ALSO: https://newstrends.ng/2021/10/25/side-chicks-deserve-better-treatment-from-married-men-esther-nwachukwu/

She argued they are at the losing end because the sex tape has gone viral and free for all to watch.

“Tiwa Savage and her blackmailer weren’t smart biz people. Her body her choice, should have sold the tape herself to a Porn company or blackmailer should have sold it too.

“Now they both losing cuz tape is free out there. Her Pr wasn’t smart,” Dencia wrote.

The Nation

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Side chicks deserve better treatment from married men – Esther Nwachukwu

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Actress Nwachukwu Ifeoma Esther has explained why side chicks deserve the best treatment from married men.

In a video on Instagram, Nwachukwu said side chicks put in more work than housewives in terms of satisfying their married partners sexually.

According to her, married men look more to side chicks for sexual satisfaction than their wives because the side chicks give them ‘better vitamins’.

READ ALSO: https://newstrends.ng/2021/10/25/tiwa-savage-shouldve-sold-sex-tape-to-porn-company-dencia/

Esther said: “The work wey side chicks dey do, housewives dem no dey do am? Do you know that na side chicks married f..k pass, trust me. Married men no dey too f..k their wives o. A married man probably f..ks his wife once in a month. But 24/7 na side chicks dey do the work. Na side chicks dem dey f..k pass because na side chicks dey give them better vitamins, do you understand.

“So side chicks deserve all the best. Side chicks deserve all the best treatment from married men.

The actress recently shared her new photos with actor Jnr Pope, weeks after she got an ‘arrangee’ tattoo of his initials on her body, alleging the married actor slept with her.

The photos Esther shared came with a thought-provoking caption: “Me and my #manfriend / junior pope”.

The Nation

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Photos: Davido reunites with Chioma at son’s birthday

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Nigerian singer, songwriter, David Adeleke, popularly called Davido, on Saturday reunited with his estranged baby mama, Chioma Rowland, to celebrate the second birthday of their son, Ifeanyi Adeleke.

This is the first time Davido and Chioma would be seen together since the news of their separation emerged.

 

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