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Mark Zuckerberg falls out of top ten rich list after net worth drops by $30bn

Written by 04 February, 2022
Mark Zuckerberg’s Facebook shares suffered a historic selloff in trading on Thursday, February 3, causing him to fall out of the top 10 rich list. The Facebook founder’s personal net worth dropped approximately $29.7 billion on Thursday, according to Forbes’ real-time calculations. By the end of trading, Zuckerberg’s on-paper fortune was estimated to be $84.8 billion. Forbes now has Zuckerberg at No. 12 on the list world’s richest individuals. Meta shares fell by more than 26% on Thursday to close the day at $237.76 each, wiping off about $232 billion in value, which was the largest one-day drop in the market value of any stock in the US history, Dow Jones reported, citing its market data. The social media giant late Wednesday, February 2, reported the first quarterly decline in its user base in the company history. Facebook reported 1.929 billion daily users in the fourth quarter, down from 1.93…

Lai Mohammed set to launch fresh bid to regulate social media

Written by 03 February, 2022
Minister of information and culture, Lai Mohammed is reportedly set to relaunch a fresh bid for the regulation of social media in the country. Recall that the Nigerian government has made several attempts to regulate social media operations in the country. Part of its bid was to ban Twitter operation in Nigeria, a decision that was recently revoked on certain terms with the owners of the microblogging platform. According to reports, it’s been learnt that Mohammed is making moves to reintroduce the National Broadcasting Commission (NBC) Act amendment bill through the executive bill route. The bill according to TheCable seeks to empower the commission with the power to regulate social media, internet broadcasting, fix tariffs for pay television services, among other functions. A source in the know reportedly shared that Mohammed’s first step towards the reintroduction of the amendment as an executive bill was executed on Tuesday, February 1 at…

Are you noticing this emerging B2B ecommerce trend?

Written by 28 January, 2022
Twitter is now back in business in Nigeria. Having taken a hiatus from conversation on the bird app after the suspension by the federal government, I returned sometime last week. As usual, Twitter Nigeria is a no dull moment space. The African Cup of Nations is on and memes were flying regarding the big name casualties of the tournament. African football powerhouse, Ghana was dumped out of the tournament at the group stage after losing to debutants, Comoros Islands. “What is a Comoros?” “Trouble be like Comoros” were some of the trending hashtags on twitter. In the midst of the fun and banter, something caught my attention: a retweet popped up on my timeline of a tweet by @ajalayemi. It was something different from the flow of things in space. The author of the tweet is based in Ibadan. His tweet was about branding by Alerzo Limited, a business-to-business e-commerce…