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Facebook and Microsoft to jointly build a TransAtlantic Sub-sea Cable

The construction of the new "MAREA" cable will begin in August of 2016

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(Reuters) – Microsoft Corp and Facebook Inc have agreed to jointly build a sub-sea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services.

The construction of the new “MAREA” cable will begin in August and it is expected to be completed in October 2017, the companies said in a statement on Thursday.

The 6,600 kilometer cable, the first to connect the United States with southern Europe, will be operated and managed by Telefonica SA’s telecoms infrastructure unit Telxius.

The cable is initially designed to carry 160 terabits of data per second, the companies said.

The move comes nearly two years after Google Inc, which is now Alphabet Inc, agreed with five Asian companies to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan. (http://reut.rs/1P0LEvN)

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Kirti Pandey)

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  • Pritam Go Green

    With growing no of users data storage techniques are being renewed day by day . Now with the concept of cloud computing though we are able to store huge amount of data online into the server but again much innovation is required. Efforts of these IT giants should be applauded .

  • Pritam Go Green

    With growing no of users data storage techniques are being renewed day by day . Now with the concept of cloud computing though we are able to store huge amount of data online into the server but again much innovation is required. Efforts of these IT giants should be applauded .

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Facebook might lose $23 billion

This planned change sparked fears people will spend less time on the site, leading to its share stock suddenly dropping.

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Facebook shares fell down by 4% after Mark Zuckerberg announced a change in News Feed feature.
Facebook shares fell down by 4% after Mark Zuckerberg announced a change in News Feed feature.
  • Facebook recently was on the verge of losing $23 billion after they decided to make some changes in the News Feed feature.
  • The change was announced in order to make the time spent on the social networking site more meaningful.
  • However, the change leads to a 4% fall in the share of the Facebook.

Facebook was on course to lose 17 billion pounds ($23 billion) of its value after it announced it was making changes to its News Feed feature that will allow users to see more updates from family and friends than posts from businesses, brands and media.

Facebook share fell 4 percent within hours after Facebook CEO Mark Zuckerberg announced the changes to make the social network more meaningful, The Sun reported.

This change was supposed to make Facebook more meaningful. Pixabay
This change was supposed to make Facebook more meaningful. Pixabay

This could also result in lining them up for its worst financial position in more than three months — and Zuckerberg losing $3.3 billion of his own personal net worth.

“One of our big focus areas for 2018 is making sure the time we all spend on Facebook is time well spent. We built Facebook to help people stay connected and bring us closer together with the people that matter to us,” Zuckerberg posted on Facebook late on Thursday.

The CEO said that Facebook has got a feedback from the community that public content — posts from businesses, brands and media — is crowding out the personal moments that lead us to connect more with each other.

The change will show more posts by family and friends instead of brands and businesses, Pixabay
The change will show more posts by family and friends instead of brands and businesses, Pixabay

“We’re making a major change to how we build Facebook. I’m changing the goal I give our product teams from focusing on helping you find relevant content to help you have more meaningful social interactions,” he said.

“As we roll this out, you will see less public content like posts from businesses, brands, and media. And the public content you see more will be held to the same standard — it should encourage meaningful interactions between people,” Zuckerberg added.

This planned change sparked fears people will spend less time on the site, leading to its share stock suddenly dropping.

Zuckerberg admitted that the new changes might not pay off at first, but believes it is important users have more meaningful social interactions, The Sun said. IANS