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Facebook hits $1 trillion valuation for first time

Social media giant, Facebook, has hit a $1 trillion valuation, following a dismissal of two antitrust lawsuits against the company. Facebook’s stock closed higher on Monday at $355.64 per share which contributed to the trillion-dollar valuation, Business Insider reported. The rise came after a United States court dismissed complaints by the Federal Trade Commission and a group of state attorneys generals against the social networking company. The FTC has claimed that Facebook is exercising monopoly as the social media giant controls over 60% of the social-networking market. In the ruling of the case, US District Judge James Boasberg in Washington dismissed the claim, as he explained that there was no proof to support their claim. In a separate case, 46 state attorneys general formed a coal...

Minister: Why Twitter, other platforms must register to operate in Nigeria

The Federal Government says its directive that Over the Top (OTT) and social media platforms operating in the country must register and obtain license to operate is in conformity with global trend. The Minister of Information and Culture, Alhaji Lai Mohammed, said this on Friday when he featured on Nigerian Television Authority (NTA) programme “Good Morning Nigeria’’ monitored by newsmen. NAN reports that the Federal Government recently suspended operations of Twitter and directed that all OTT and social media platforms operating in the country must register with Corporate Affairs Commission. The Federal Government said they must also apply for licensing with the National Broadcasting Commission ( NBC). NAN reports that OTT media service is a media service offered directly to viewers via t...

Nigeria orders broadcasters not to use Twitter to gather information

Nigerian television and radio stations should not use Twitter to gather information and have to de-activate their accounts, the broadcast authority said following the move to suspend the US social media giant in Africa’s most populous country. Nigeria’s government on Friday said it had suspended Twitter’s activities, two days after the platform removed a tweet by President Muhammadu Buhari that threatened to punish secessionists. Nigerian telecoms firms have since blocked access to Twitter. International diplomats responded with a joint statement in support of “free expression and access to information as a pillar of democracy in Nigeria”. Buhari, who was Nigeria’s military ruler in the 1980s, has previously been accused of cracking down on freedom of expression, though his government has ...

India warns Twitter of consequences if it fails to follow new rules

India’s government has told Twitter it could face “unintended consequences” if it fails to comply with the country’s new social media rules, Reuters reported. India’s technology minister wrote in a June 5th letter to Twitter that the company’s responses to previous government letters about the new rules did not confirm whether Twitter was in full compliance, according to Reuters. Under India’s Intermediary Guidelines and Digital Media Ethics Code, which took effect in May, social media companies could be subject to legal action if they fail to follow the code’s provisions, which are aimed at regulating the platforms’ content. The new rules call for platforms like Twitter, Facebook, and WhatsApp to remove content within 36 hours of receiving a legal order. The rules also require the compani...

Twitter pushes back on ban by Nigerian government

Micro blogging social platform, Twitter, has pushed back on ban by the Federal Government. It described it as brazen affront on citizens fundamental human rights and advised its users and other social media platforms in the country to download virtual private networks (VPNs) to enable them continue to use the platforms for their economic survival and social and political engagements while the “push back on this draconian order by the Nigerian government.” In a statement, Twitter said: “Today, the 4th of June 2021, the Federal Government of Nigeria announced its suspension of Twitter operations, that the application can be used as a platform for activities capable of undermining Nigeria’s corporate existence. “Many Nigerians read the announcement of the ban on Twitter as a reflection of the...

Nigerian government kicks as Twitter deletes President Buhari’s tweet

The Federal Government has kicked against Twitter that on Wednesday deleted President Muhammadu Buhari’s tweet that spoke of treating people in the “language they understand.” The Presidency questioned the role of Twitter in the secessionist agitation in the South-East following the social media’s deletion of a tweet by President Muhammadu Buhari evoking the memories of the civil war to threaten “those misbehaving” in the region. The president had said in his series of tweets on his handle @mbuhari on Tuesday: “Many of those misbehaving today are too young to be aware of the destruction and loss of lives that occurred during the Nigerian Civil War. Those of us in the fields for 30 months, who went through the war, will treat them in the language they understand.” Twitter has now deleted th...

Facebook report: U.S. a top target for foreign and domestic influence operations

The United States topped a list of the countries most frequently targeted by deceptive foreign influence operations using Facebook between 2017 and 2020, the social media company said in a new report released on Wednesday. It also came second on a list of countries targeted by domestic influence operations in that same time period. Facebook Inc said one of the top sources of coordinated inauthentic behavior networks targeting the United States in the year leading up to the 2020 presidential election was domestic campaigns originating in the United States itself, as well as foreign operations from Russia and Iran. The tallies were based on the number of “coordinated inauthentic behavior” networks removed by Facebook, a term it uses for a type of influence operations that relies on fake acco...

Facebook hit with campaign by pro-Palestinian activists leaving 1-star app store ratings

A social media campaign by pro-Palestine activists has pushed down the ranking for Facebook’s app in Apple and Google’s app stores, NBC News reported. The activists are seeking to protest Facebook’s alleged censorship of Palestinian accounts on its platform, and are instructing people to leave Facebook’s app a one-star review. According to NBC News, Facebook is treating the situation as a high-priority issue internally; one software engineer wrote in a post on an internal Facebook message board that “users are upset with our handling of the situation,” adding that the users “have started protesting by leaving 1-star reviews.” Facebook has reached out to have the reviews removed, but so far, Apple has declined the request to remove the reviews. It’s not clear how or if Google responded to t...

Cross River agency chief calls for legislation to back labour migration

The director-general, Cross River Migration Control Agency, Prince Michael Nku Abuo, has called for enactment of a legislation to back labour migration in order to engender national development. Abuo made the call at the Cross River State Migration Summit held in Calabar, the state capital on Saturday. The DG, who also represented the state governor, Prof. Ben Ayade, at the summit, pointed out that several solutions by both federal and state governments have been given to address the issue of unemployment in order to curb the challenge, but the way forward is to tackle the menace was through labour migration. According to him, Cross River Migration Control Agency was exploring and advancing for opportunities for citizens of the State who are at home and in the Diaspora under a work study p...

PDP wins all seats in Rivers council election

File Photo In line with expectation and trends in other parts of the country, the ruling Peoples Democratic Party, PDP, in Rivers has been declared the winner of all the chairpersons and councillorship seats contested for in the State local government election held on Saturday. The announcement that the PDP won all the seats contested for in the 23 Local Government Areas of Rivers was made by the State Independent Electoral Commission, RSIEC, in Port Harcourt on Sunday. However, one of the parties that participated in the election, the Social Democratic Party, SDP has described the poll as a ‘sham’ while calling for the resignation of Chairman of RSIEC, Justice George Omereji [rtd]. The party also called for cancellation of all the results of the election. The SDP councillorship candidate ...

Clubhouse’s new direct payments let users pay creators

Social audio app Clubhouse will let all users pay other creators starting Monday. It’s the first monetization tool built right into the app. Clubhouse says it won’t take a cut of payments, meaning that creators get the entirety of what somebody sends them. Not everyone will be able to receive payments just yet, though; that will be rolling out in waves, “starting with a small test group,” Clubhouse says. To pay a Clubhouse creator who can receive payments, tap on their profile, then tap on the “Send Money” button, and then choose how much you send them. You’ll also have to pay a “small card processing fee” that goes to Stripe, which is Clubhouse’s payments processing partner. The first time to try to pay someone, Clubhouse will ask you to add a credit or debit card. The news of direct paym...

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