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Indian-origin technopreneur ranked 10th on the under 40 rich list

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Arun Pudur, an Indian origin CEO of Malaysia-based Celframe Technology Group of Companies, has been named the 10th richest person under 40 by Wealth-X, a global wealth intelligence and prospecting company.

Pudur, who is currently worth $4 billion, started at the age of 13 fixing bikes, and breeding champion dogs and became a millionaire at an early age of 21.

The list which was topped by Mark Zuckerberg with personal wealth estimated to be around $35.1 billion, also featured two under 40 female billionaires, Yang Huiyan of China and an American biotech entrepreneur Elizabeth Holmes.

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Mark Zuckerberg Wants To Sell Up To 75 Million Facebook Shares

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Source: Wikimedia Common

San Francisco, September 24, 2017: Facebook CEO Mark Zuckerberg has said he wants to sell 35-75 million Facebook shares in the next 18 months to fund the company’s work in education, science, and advocacy.

“Over the past year and a half, Facebook’s business has performed well and the value of our stock has grown to the point that I can fully fund our philanthropy and retain voting control of Facebook for 20 years or more,” Zuckerberg wrote in a post.

He said his wife Priscilla and he feel a responsibility to do their part to address global challenges — like curing all diseases in their children’s lifetime and personalising education for every student.

ALSO READ:Social Media Giant, Facebook Introduces Ad Performance Measurement Solutions

He also asked the company’s board to withdraw the proposal to reclassify the stock that he proposed to create last year.

The idea of the proposal was that it would allow Zuckerberg to keep voting control of Facebook so the company can continue to build for the long term and allow Priscilla and him to fund the work the were doing through the Chan Zuckerberg Initiative. (IANS)

 

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Social Media Giant, Facebook Introduces Ad Performance Measurement Solutions

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Facebook brings the developers of 'tbh' app to share and expand a common goal of making stronger communities. Pixabay

San Francisco, September 24, 2017: In a bid to provide brands way to compare advertisements performances, Facebook has introduced new measurement solutions that will enable advertisers to see the impact of their ad campaigns on the social networking platform and TV.

Facebook, in collaboration with data measurement firm Nielsen, launched “Nielsen Total Brand Effect with Lift” solution through which advertisers can interpret their cross-platform results, the company said in a statement late on Friday.

The solution leverages Nielsen’s expertise in television measurement and its database of television programming to poll for TV ad exposure. The results are delivered independently by the company.

The product is currently available to eligible advertisers via their Facebook representative in the US and the UK and will be available in Australia by the end of the year.

ALSO READ: Facebook to take safety measures against Online Suicide Challenges

The social media giant is also working on a solution “Facebook Cross-Platform Brand Lift”, which will offer polling and results from cross-platform brand lift measurement for ads on Facebook, Instagram and Audience Network.

The tool, which may be available to advertisers in early 2018, will also provide self-serve reporting, including that of Facebook usage during commercial breaks. (IANS)

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Leaked Facebook documents reveal the company walks a fine line between Free Speech and Violent or Hateful content

According to the documents, Facebook does allows certain posts that contain violent language. For example, it’s OK to post “let’s beat up fat kids,” but prohibited to post “someone shoot Trump.”

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The Facebook logo is displayed at a start-up companies gathering at Paris' Station F, in Paris, France, Jan. 17, 2017. Leaked documents reveal how the company determines what content to allow. Source-VOA

Silicon Valley, May 24, 2017: Leaked Facebook documents reveal the company walks a fine line between free speech and violent or hateful content.

The Guardian newspaper says it obtained the “more than 100 internal training manuals, spreadsheets and flowcharts” outlining how the social media giant decides what content can stay and what gets taken down.

According to the documents, Facebook does allows certain posts that contain violent language. For example, it’s OK to post “let’s beat up fat kids,” but prohibited to post “someone shoot Trump.”

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“People commonly express disdain or disagreement by threatening or calling for violence in generally facetious and unserious ways,” reads one of the documents.

Images showing non-sexual physical abuse or bullying of children as long as there is not a “sadistic or celebratory element.” Live streams of people harming themselves is also allowed, the documents say because Facebook doesn’t want to “censor or punish people in distress.”

FILE - Facebook CEO Mark Zuckerberg delivers the keynote address at the F8 Facebook Developer Conference in San Francisco, California, April 12, 2016.
FILE – Facebook CEO Mark Zuckerberg delivers the keynote address at the F8 Facebook Developer Conference in San Francisco, California, April 12, 2016. VOA

A Facebook representative said the company’s top priority is keeping users safe.

“We work hard to make Facebook as safe as possible while enabling free speech,” said Monica Bickert, Facebook’s head of global policy management. “This requires a lot of thought into detailed and often difficult questions, and getting it right is something we take very seriously.”

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Facebook has been under increased pressure to prevent violent content from appearing, as a stream of violent videos have been allowed to stay on the site for hours before being deleted.

One particularly gruesome video showed the brutal murder of Cleveland grandfather Robert Godwin in a crime posted on Facebook Live.

The company recently hired 3,000 more humans to help curb objectionable material, and The Guardian documents reveal the moderators are overwhelmed with requests to review material.

“These reviewers will also help us get better at removing things we don’t allow on Facebook, like hate speech and child exploitation, “ Facebook founder Mark Zuckerberg wrote in a post about the hiring. “And we’ll keep working with local community groups and law enforcement who are in the best position to help someone if they need it – either because they’re about to harm themselves, or because they’re in danger from someone else.”

The company also employs algorithms to mark objectionable content.

Facebook also faces criticism when it does take down material deemed offensive.

Last fall, the company removed an iconic photo showing a naked Vietnamese girl running from a napalm attack during the Vietnam War. Facebook later allowed the image to be posted. (VOA)