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Mark Zuckerberg and Priscilla Chan welcome their second daughter August

Facebook founder Mark Zuckerberg and his wife, Priscilla Chan has welcomed their second daughter named August. Mark posted a family picture saying that he and his wife are dreamers about your generation and the future.

Mark Zuckerberg posted, “Priscilla and I are so happy to welcome our daughter August! We wrote her a letter about the world we hope she grows up in, and also hoping she doesn’t grow up too fast.” The name August came from the name Augustus which has Latin origins. The name signifies reverence or holding someone in high regard.

In a letter to new born August, Mark said,” Dear August, Welcome to the world! Your mom and I are so excited to see who you will become.” The letter assured baby August that her parents would do the “worrying” while she just focuses on being a kid. Priscilla and Zuckerberg are already parents to 22-month old Maxima and are hoping their daughter “make time to go outside and play” before they are busy growing up.

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Mark also said, Childhood is magical, and you can get to be a child only once. We will do all the worrying; you just focus on being kind. We make sure the world is a better place for you and all children in your generation. And I hope even in your dreams you can feel how much we love you.

When their first child Maxima (Max) was born in 2015, Mark Zuckerberg announced the creation of Chan Zuckerberg Initiative. Mark will be taking two months of paternity leave like he did when his first daughter was born. The couple also shared some of the struggles that come with pregnancy as Priscilla had three miscarriages before giving birth to their first daughter.

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Facebook’s Oculus announced Price Cut on Virtual Reality VR headset to $399

oculus price cut

Oculus Price Cut : Oculus, Facebook-owned virtual reality company is temporarily cutting the price of its hardware. The industry is trying to figure out the technology for immersive games and stories with low prices.

Oculus has announced a price cut on its Rift headset and Touch controllers to $399 for six weeks starting coming Monday. The price of the combined rift head headset and Touch controllers matches PlayStation VR, made by Sony. HTC developed Vive has been listed for sale at $799 on its website and also have announced price cut recently.

Facebook paid about $3 billion back in 2014 to acquire Oculus and retain its employees. Back then, Chief Executive Officer Mark Zuckerberg claimed that Oculus offers a 360-degree panoramic view through headsets. It would “become a part of daily life for billions of people”. It didn’t work out, however it is unclear that if these high prices or something inherent in the technology or any other such reason.

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“Pricing discounts are sometimes a sign of weak product sales. That was not the case with Oculus, we could have cut the price sooner but wanted to wait until there were enough games, movies and other entertainment to keep a broad audience busy,” Says Jason Rubin, Oculus vice president for content.

The pace of game releases has set on the roll much faster, making way for a wider appeal.”We’re now in a space where the mass market can be much happier,” Rubin added.

Before this year, Oculus has to drop its price from $798 to $598 in March. Oculus shut the doors of its Story Studio in May, two years after it launched at the Sundance Film Festival.

A $500 million legal judgment against Oculus in February was another setback. Video game publisher ZeniMax Media Inc accused Facebook and Oculus of copyright infringement. When a jury found in favor of ZeniMax Media Inc, Oculus has asked for a new trial.

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Facebook Investors Seek Mark Zuckerberg to be Removed from Board of Directors

mark zuckerberg pic

Facebook shareholders are proposing to remove CEO Mark Zuckerberg from the board of directors. The shareholders claim that a combination of both roles may weaken a corporation’s governance, which also harms shareholder value. The shareholders are also members of SumOfUs, an online consumer watchdog group.

As per reports, the capital markets advisor of SumOfUs requested Facebook to improve its corporate citizenship has been signed by 3,33,000 people. Of which, 1,500 are Facebook shareholders itself. “The shares held by four individual SumOfUs members enabled us to file this proposal,” says, Lindsley, in a statement.

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Mark Zuckerberg owns a majority of shares have the chance to strike down the proposal along with other board members. Adding to this, it is proved that Facebook has observed a strong growth under the leadership of Zuckerberg. However, Facebook is now well off with the Financial performance with a profit of $3.57 billion quarterly.

The user base has increased 17 per cent up and now makes 1.86 billion regular users as of December 31. CEO Zuckerberg is a member of the Facebook board of directors since 2012. Zuckerberg and his wife Priscilla Chan has pledged to donate 99 percent of their shares to advance human potential and promote equality for children.

The proposal demands to target ad views based up on race, its role in the promoting misleading news, censorship, hate speech, and alleged inconsistencies, collaboration with law enforcement other government agencies.

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Recently, Facebook has started scanning fake news on its platform from August last year. There were allegations against conservative news in its Trending Section back then. Facebook denied the charges and removed human editors for deciding ‘Trending’ topics ever since then.

“There could be a 99 percent vote for it and the board would not be under legal obligation to implement it. However, most competent board members realize that it is unwise to ignore the voice of the shareholders whose interests they are charged with representing.” Said, Lindsely.

Facebook Focus on Shorter Content like YouTube and Netflix through Facebook Video

Facebook video

The social media giant, Facebook has been making a lot of its concentration to bear upon the Facebook Video content. As per the reports, the company working with several professional video makers to get content created for its news feed. Earlier this week, Facebook planned to licence long-form TV quality to develop an app for set-top boxes.

Interestingly, the social media giant is showing more interest in the YouTube manner of collecting quick video clips rather than Netflix. Facebook is more focusing on the short clips than long videos, seasons and web videos. This is similar to the initial interest in Facebook live.

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“We’re focusing more on shorter form content to start, and we repeatedly questioned about Facebook’s video strategy. One thing’s are clear and Facebook will invest heavily. I see the video as a mega trend”, said Facebook CEO, Mark Zuckerberg.

Eventually, Facebook plans to get enough viewers through the advertising in which they can increase the revenue share. The company claims that the new video tab that was recently rolled out in the US has changed the video viewing behaviour on Facebook.

The Facebook CFO, David Wehner said, “our focus was on kick-starting the ecosystem here for the Facebook Videos tab…We’re looking at most of the content. We’re certainly going to be broadcasting content to get the ecosystem going. That’s not about doing big deals.”

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Facebook Video is going to huge points to focus on the company, and they are ready to invest in the ecosystem. The social media giant is looking for a platform where people can watch a lot of short video clips. Facebook already attract its users with a lot of videos which plays for odd 5 to 10 minutes.

Mark Zuckerberg Criticizes Trump Immigration Order

immigration spat trump vs zuckerberg

Newly Elected US President Donald Trump has signed an executive order titled ‘Protecting the Nation from Foreign Terrorist Entry into the United States’. That suspends refugee admissions for 120 days and suspends admissions from Syria which was the main point from many others. For the first since the elections, Mark Zuckerberg CEO of Facebook commented on the President proposed policies.

Mark Zuckerberg posted on his Facebook profile that he was concerned about the impact of recent executive orders signed by the President Donald Trump. And this primarily related to the immigration restriction.

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“Like many of you, I’m concerned about the impact of the recent executive orders signed by President Trump,” Zuckerberg wrote in a Facebook post, which cited his family’s immigrant background and his volunteer work with undocumented schoolchildren.

On Friday, President signed the order calling for ‘extreme vetting‘ following the promises said during the campaign trail. He also signed another order of prioritizing the deportation of criminals. Especially to ban the people from several Muslim-majority countries who are coming to the United States.

“Expanding the focus of law enforcement beyond people who are real threats would make all Americans less safe by diverting resources, while millions of undocumented folks who don’t pose a threat will live in fear of deportation,” Zuckerberg said.

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Just before one day, Facebook COO Sheryl Sandberg also spoke about the order that Trump signed the global gag order. It restricts the government funding from the health organizations from the world on abortion policy.

Zuckerberg spoke out against the President while he was campaigning but remained silent about him after the elections. Some have criticized the timing and narrowness about the Mark Zuckerberg arguments about the immigration. He also mentioned about the H-1B visas for highly skilled workers.