Facebook shuffles top management, eyes Blockchain: Report
San Francisco, May 9: Mired in a massive data breach controversy, Facebook has reportedly rolled out biggest-ever shuffle at the senior management level since its inception -- across platforms, including WhatsApp and Messenger.
According to tech news website Recode, Facebook has made long-time executive Chris Cox in-charge of Facebook, Instagram, WhatsApp and Messenger -- now called a "family of apps".
"Facebook is also building a new team dedicated to Blockchain technology. David Marcus, the executive in-charge of Facebook's standalone messaging app, Messenger, is leaving that post to run the Blockchain group," the report said late on Tuesday.
The Blockchain team would come under "New platforms and infra" run by Chief Technology Officer (CTO) Mike Schroepfer, who will also take care of Facebook's AR, VR and Artificial Intelligence initiatives.
Facebook executive Javier Olivan, Vice President of Growth, will oversee the third division titled "Central product services".
This vertical will include shared features that operate across multiple products or apps such as ads, security and growth.
"Adam Mosseri, the Facebook product executive who runs News Feed, is headed over to Instagram to become the company's new VP of product," the report claimed.
Meanwhile, Chief Operating Officer Sheryl Sandberg will keep her duties.
Facebook on Tuesday announced the appointment of Jeff Zients, CEO of Cranemere, to the company's board of directors and audit committee, effective May 31.
In a jolt to Facebook, WhatsApp co-founder and CEO Jan Koum in April decided to move on amid reports that he had a difference of opinion with parent company Facebook over data privacy, encryption and other issues.
After the Cambridge Analytica data scandal, Facebook has warned investors that more users' data scandals in the future may adversely affect the social networking giant's reputation and brand image.
In its quarterly report shared with the US Securities and Exchange Commission (SEC), without mentioning Cambridge Analytica, Facebook said that its ongoing investments in safety, security and content review will identify additional instances of misuse of user data.
"We may also be notified of such incidents or activity via the media or other third parties," Facebook said.
Appearing before the US Congress, Facebook CEO Mark Zuckerberg told the lawmakers that his own personal data was part of 87 million users' that was "improperly shared" with the British political consultancy firm Cambridge Analytica which has not shut down operations.
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Vodafone Idea moves SC seeking Rs 30k crore AGR dues waiver
New Delhi, May 15 (PTI): The Supreme Court on Thursday agreed to hear a fresh plea of Vodafone Idea seeking waiver of around Rs 30,000 crore adjusted gross revenue (AGR) dues.
A bench comprising Chief Justice B R Gavai and Justice Augustine George Masih was urged by senior lawyer Mukul Rohatgi, appearing for the telecom firm, that the plea needed an urgent hearing.
The telecom company has sought a waiver of around Rs 30,000 crore towards interest, penalty, and interest on penalty components of its AGR dues.
Rohatgi said the survival of the petitioner firm was crucial for maintaining competition in the telecom sector.
Now the Centre holds a 49 per cent stake in the company following a recent equity conversion of interest dues, he added.
The bench is likely to hear the plea on November 19.
The top court had previously refused to review its 2021 order rejecting the pleas of telecom majors including Bharti Airtel and Vodafone Idea for rectification of alleged errors in calculation of AGR dues payable by them.
A bench comprising former Chief Justice Sanjiv Khanna and Justices Abhay S Oka and Sanjay Kumar dismissed the pleas seeking review of the 2021 order in-chambers on January 28.
On July 23, 2021, the apex court dismissed their applications seeking rectification of the alleged errors in calculation of AGR dues.
The telecom companies argued that arithmetical errors in the calculation be rectified and there were cases of duplication of entries.
The top court in September 2020 fixed a time frame of 10 years for telecom service providers struggling to pay Rs 93,520 crore of AGR related dues to clear their outstanding amount to the government.
In its September 2020 order, the apex court said that telecom operators should make the payment of 10 percent of the total dues as demanded by the Department of Telecommunications (DoT) by March 31, 2021 and the rest amount would be paid in yearly instalments commencing from April 1, 2021 to March 31, 2031.
The top court, which held the demand raised by the DoT with respect to AGR dues as final, said there should neither be a dispute raised by the telecom companies nor any re-assessment.
The apex court in October 2019 delivered its verdict on the AGR issue.
The DoT moved a plea in the top court asking for a staggered payment of the dues by telcos over 20 years.
