Monday December 16, 2019
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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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In India, Facebook has run a small test with users to enter their names as per their Aadhaar, to help them sign up to the social network with their real names and connect with friends and family.
In India, Facebook has run a small test with users to enter their names as per their Aadhaar, to help them sign up to the social network with their real names and connect with friends and family.
  • 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

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Telenor to Continue Work With Huawei for 5G Telecom Network

The company must modernise Norway's entire network in four or five years, including an upgrade to 5G

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Huawei
Telenor has been working with Huawei for 10 years. Currently, the Telenor Group is testing 5G in 10 locations in Norway as well as selected areas in Denmark, Sweden, Finland, Thailand and Malaysia. Wikimedia Commons

Norway’s largest mobile operator Telenor has said it would continue working with Chinese company Huawei for its fifth-generation (5G) telecom network, while adding Sweden’s Ericsson as its new supplier.

Telenor’s top management told a press conference that the company’s network is to modernise in the next four or five years, and Huawei will be involved the entire process.

Sigve Brekke, chairman and CEO of Telenor Group, said during the press conference that “we have been very pleased with the cooperation with Huawei”, Xinhua news agency reported on Saturday.

“In order to ensure that our customers in the transition phase continue to receive a world-class mobile network, Telenor will use equipment from current supplier, Huawei, in the radio network to maintain the 4G network as well as to upgrade 5G coverage in certain locations in Norway,” said Anders Krokan, communications director of Telenor Norway.

Telenor announced Ericsson as its new 5G supplier. The reason for the cooperation with both Huawei and Ericsson is a growing customer appetite for data capacity, according to online newspaper E24.

The company must modernise Norway’s entire network in four or five years, including an upgrade to 5G, said the newspaper.

During the press conference, Telenor management was asked to confirm if they will install Huawei 5G equipment in the Norwegian network.

Huawei
Norway’s largest mobile operator Telenor has said it would continue working with Chinese company Huawei for its fifth-generation (5G) telecom network, while adding Sweden’s Ericsson as its new supplier. Wikimedia Commons

“To meet customer needs, the answer is yes. Given that this process takes four to five years, we need to make sure all our customers have a good experience,” said Petter-Borre Furberg, CEO of Telenor Norway.

“Specifically, we have demanded that suppliers from countries with whom we do not cooperate in security policy cannot account for more than 50 percent of the base stations,” the country’s Digitization Minister Nikolai Astrup told E24.

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“If companies choose suppliers from countries we do not have security policy cooperation with, the requirement was that two or more suppliers had to be selected,” he noted.

Telenor has been working with Huawei for 10 years. Currently, the Telenor Group is testing 5G in 10 locations in Norway as well as selected areas in Denmark, Sweden, Finland, Thailand and Malaysia. (IANS)