Social Media Giant
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...
Myanmar police fire rubber bullets, wounding three, as hundreds of thousands protest
Supporters of ousted Myanmar leader Aung San Suu Kyi clashed with police on Friday as hundreds of thousands joined nationwide pro-democracy demonstrations in defiance of the military junta’s call to halt mass gatherings. The United Nations human rights office said more than 350 people, including officials, activists and monks, have been arrested in Myanmar since the Feb. 1 coup, including some who face criminal charges on “dubious grounds”. The U.N. rights investigator for Myanmar told a special session of the Human Rights Council in Geneva that there were “growing reports, photographic evidence” that security forces have used live ammunition against protesters, in violation of international law. Special Rapporteur Thomas Andrews urged the U.N. Security Council to consider imposing sanctio...
