Facebook Just Invested 5.3 Billion Into An Indian Company–It’s Largest Investment To Date

Yesterday, Facebook made its largest single investment into Jio Platforms of India which was a huge bet on the developing company.

Because Facebook wants to appeal more to the Indian audience, they felt the investment was essential, especially since over the past four years, more than 388 million people in India have been connected to the internet.

Mark Zuckerberg spoke on this in a Facebook post saying,

The country is in the middle of a major digital transformation, and organizations like Jio have played a big part in getting hundreds of millions of Indian people and small businesses online…With communities around the world in lockdown, many of these entrepreneurs need digital tools they can rely on to find and communicate with customers and grow their businesses.

Jio Platforms itself is a subsidiary of Reliance Industries (which is one of India’s biggest multinational companies and a major provider of cellular and internet services in the country,) therefore, the investment proves to be something that will propel the company forward and will ultimately help the Indian people to stay connected through the internet.

Although the Coronavirus pandemic has created a very fragile time for large tech companies when it comes to moving forward with investments, Facebook felt that taking a risk with Jio Platforms was necessary during this time and wants to display perseverance during this difficult period.

With this deal, Facebook will incur a 9.9 percent stake in Jio Platforms, and the respective money from Facebook will help Reliance to reduce some of their debt and invest further into its network (which it needs to do after regulators delayed approval of a high-profile $15 billion deal to sell 25 percent of its energy business to the Saudis.)

Source: https://www.nytimes.com/2020/04/21/technology/facebook-jio-india.html

 

Due To The Coronavirus, We Are In The Midst Of A Global Food Crisis

With the deadly Coronavirus looming over everyone’s heads, many are stuck wondering where their next meal will come from. Although global hunger has been prevalent for as long as we can remember, the Coronavirus has made things increasingly worse for both Americans and those around the world because there has been both a lack of resources as well as a lack of jobs that can provide a steady income to families so that they are able to eat.

According to the New York Times,

The world has never faced a hunger emergency like this, experts say. It could double the number of people facing acute hunger to 265 million by the end of this year.

To put things into perspective, people desperate to eat in the biggest slum in Kenya’s capital set off a stampede during a recent flour and cooking oil giveaway, leaving many injured and two people dead. In India, thousands of workers are lining up twice a day to keep hunger at bay for bread and fried vegetables, and throughout Colombia, poor households hang red clothing and flags from their windows and balconies as a cry for help to show that they are hungry.

Often, the coronavirus has been considered an equalizer because it has sickened the rich and poor alike, but when it comes to food, the commonality ends because people in poverty, including large segments of poorer nations, now are growing increasingly more hungry and face the prospect of starvation. In addition to that, the sudden loss in income for countless people who were already living hand-to-mouth, the collapse in oil prices, widespread shortages of hard currency from tourism drying up, overseas workers not having earnings to send home, and ongoing problems like climate change, violence, population dislocations, and humanitarian disasters have accentuated the issue of widespread hunger around the world.

As many go hungry, there is a concern in a number of countries that food shortages will lead to social discord, and as the Coronavirus continues to loom over us, we have to be mindful of the ways in which food will no longer be readily available to a vast majority of people around the world.

Source: https://www.nytimes.com/2020/04/22/world/africa/coronavirus-hunger-crisis.html?action=click&module=Top%20Stories&pgtype=Homepage

Netflix sees record growth thanks to ‘Tiger King’ and COVID-19

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According to an article by CNN, Netflix gained 16 million subscribers in the first quarter of 2020. Stay at home ordinances have led millions to stay at home, binging popular original docu-series like Tiger King and Love is Blind.  

Netflix now has a total of 183 million subscribers globally. A spokesperson for Netflix said the platform plans to grow by an additional 7.5 million subscribers by the second quarter. The streaming giant’s first-quarter profit in 2020 more than doubled to $709 million from $344 million in the year-end quarter. This suggests that its revenue has increased by 28%, making it an astonishing $5.7 billion. Still, Netflix’s share price remained mostly unchanged in hours after trading. 

Netflix has made clear to its employees that this growth is not unique to their specific platform. Many of Netflix’s competitors have reported higher viewing and increased membership growth. This growth, however, could potentially cause issues in the future. Higher-ups at Netflix are under the realistic impression that viewing and membership growth will likely decline as social distancing efforts decrease over time. 

The company also got candid about potential disruptions to its business amid the pandemic, specifically in the realm of content production. Almost all filming has been temporarily halted worldwide, with the exception of a few countries like Korea and Iceland. Netflix, like other major content producers, has faced significant uncertainty as production and filming has been temporarily paused. With that being said, all scheduled releases for the second quarter will be released as planned. Luckily for Netflix, the company has access to a broad pipeline of content, many of which was either complete or in post-production in time for global travel and social restrictions. Still, amid all this uncertainty, Netflix remains optimistic about its future.

Were the Photos of Jacksonville Beaches Fake?

Source: Getty Images

Snopes, an online fact-checking resource, examined a claim that many Floridians, and others made, that the photos used to show crowded Jacksonville beaches were in fact fake. They argued that photos from the past, before the pandemic were used to paint a false picture of the beaches, and illustrate what would happen to many public areas when reopened after the pandemic.

There is an extreme divide within the U.S. in beliefs of how to begin to reopen the country. One side urges the government to hold off on opening public areas, such as beaches, and allow social distancing to continue to slow the spread of COVID-19. The other side of the argument is that individuals have a right to use outdoor space, for mental health as well as exercise. They argue that individuals are in more close contact in the grocery store, than on a beach, and therefore they should be allowed to use this public land.

Snopes concluded that while old photographs of Jacksonville beaches may have been used in the context of unrelated stories, the photos used to show the crowding of the beaches after reopening this month, are very real. Snopes also conceded to some arguments that the angles and photo choice make the beaches appear far more condensed than they actually are. However, the photos are real and current, and accurately portray the state of the beaches.

As systems like parks and beaches begin to open in the future, there will be inevitable disparity in opinions. In an unprecedented crisis, there is no way to know how the public, or the virus, will react, and therefore it is unfortunately nearly a guessing game at this time.

Presidential To-Do List: Tweet, then solve COVID Pandemic

Source: Poynter

On Tuesday, April 21st, President Donald Trump was up early, before 7 am to be precise. His first action, surprisingly, was to take to Twitter in a series of tweets attacking the media.

At 6:19 AM, Trump tweeted  “Watched the first 5 minutes of poorly rated Morning Psycho on MSDNC just to see if he is as ‘nuts’ as people are saying. He’s worse. Such hatred and contempt!” The next tweet came shortly after at 6:40 AM when he tweeted, “It is amazing that I became President of the United States with such a totally corrupt and dishonest Lamestream Media going after me all day, and all night. Either I’m really good, far better than the Fake News wants to admit, or they don’t have nearly the power as once thought!” The final early morning tweet was at 6:57 AM, and read, “I’ve had great ‘ratings’ my whole life, there’s nothing unusual about that for me. The White House News Conference ratings are ‘through the roof’(Monday Night Football, Bachelor Finale, @nytimes) but I don’t care about that. I care about going around the Fake News to the PEOPLE!”.

While Trump’s preference for Twitter, and his less than eloquent tweets are no surprise, many had something to say about his decision to tweet during this time specifically. While at heart, false media coverage would be a large issue, in the face of a world wide pandemic claiming thousands of lives each day, it seems trivial and even insulting to be tweeting about one’s television ratings.

Trump’s frequent debriefings with the Coronavirus task force often result in clashing with journalists, when any of his statements are confronted or fact-checked. In times of great peril, we need to come together in the face of a common cause, not grab onto our exclusive beliefs and rally against others.

Health care professionals are turning to VR to learn how to treat COVID-19 patients

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As hospitals around the world continue to struggle to cope with healthcare shortages, some have begun enlisting those with little to no experience in treating infectious diseases to help meet the demand.  Doctors and nurses with expertise in other areas, as well as once retired practitioners, have stepped up to combat the spread and flatten the curve. 

When treating patients who have tested positive, healthcare workers must use extreme caution and follow strict guidelines for treating and interacting with patients. This has led some hospitals to employ an unlikely training method: virtual reality simulation. According to an article by CNN, over 300 doctors at Cedars-Sinai hospital in Los Angeles have already undergone training with help from VR technology.  Among the skills being taught by VR are how to assess a patient’s symptoms and how to perform CPR while wearing protective gear. Given the limitations of time and resources, the medical field has turned to innovative, emerging technologies such as VR to help fill the gaps. 

Many hospitals have utilized software from tech startup Virti, which provides detailed feedback and metrics on procedures that medical professionals need more practice within. The company signed up 70,000 new users in the past three weeks in hospitals and universities worldwide.  VR allows doctors and nurses to make mistakes in simulation and learn from them before they treat human patients. It can be extremely beneficial to doctors who are just entering into practice as well as those who have been retired for years. Even those who have been in the field in recent years may not necessarily be trained in how to safely treat infectious disease patients, such as those tested positive for COVID-19. Most importantly, VR instills a sense of confidence in trainees that is invaluable during these uncertain and scary times. 

Early clinical research on VR training has concluded that such technology can be effective in decreasing injury, speeding up processes, and improving overall results. In fact, a 2018 study determined that people trained by VR had “lower performance errors and higher accuracy compared to those trained by conventional approaches.” With that being said, VR training should never replace traditional training methods entirely. Virtual reality is mostly intended to serve as a complementary training tool or for when time and resources are limited. 

 

Shut Down or Shut Out? China closes the window to U.S. Media

President Trump at the daily coronavirus briefing in the Rose Garden of the White House last Tuesday.
Source: The New York Times

On March 2nd, following Trump’s travel ban from China, the State Department announced the expulsion of Chinese media outlets that worked within the U.S. While long-planned, this came in response to the Chinese government’s lack of information shard regarding the spread of the Coronavirus prior to the explosion of cases in the United States.

While the U.S. had waited for this opportunity to expel Chinese media from the U.S. this was reciprocated by the Communist Party in China, and China expelled reporters from The Washington Post, The New York Times, and The Wall Street Journal. These reporters had given the world a look into the mistakes China made in reporting on the outbreak of the coronavirus as well as the reality faced by the Chinese people. While expelling Chinese journalists from the U.S. was meant to reprimand China for their failure to disclose fully on the virus, it backfired greatly, “’Given the fact that it’s vital to have good information out of China right now because of coronavirus, the U.S. decision was pretty disastrous timing,’” said Megha Rajagopalan.

While both the Chinese and U.S. governments are playing the “blame game” and attributing the expulsions to even the playing field, both sides had long awaited the chance to regain their privacy from the other. This issue is particularly tenuous for the U.S. as access into China by U.S. media reporters has been an on again off again game. While there is hope to re-stabilize relations in order to allow a necessary look into how China is coping with the virus, the timing could not have been worse.

Article Link: https://www.nytimes.com/2020/04/19/business/media/coronavirus-us-china-journalists.html

U.S. President Donald Trump suspends funding to the WHO

Donald Trump stops US funding of WHO, saying it failed in its duty

U.S. President Donald Trump has taken out a super-strong stance of suspending funding to the World Health Organization (WHO).

According to the Wall Street Journal (WSJ) on the 14th (local time), President Trump said in a press conference held at the White House that “the WHO has failed to fulfill its basic obligations” and that he will suspend funding while the WHO is investigating the Covid-19 response.

Last year, the U.S. paid the WHO $430 million and is expected to share less than $116 million this year, according to the WSJ.

President Trump cited the fact that the WHO covered up the seriousness of the Corona 19 situation on China’s side, causing the spread of the Pandemic. “If the WHO had worked properly for the dispatch of medical experts to China so that it could objectively assess the situation at the scene, and if it had worked properly in criticizing China’s lack of transparency, it could have reduced the death toll to a very small scale and saved thousands of lives,” he claimed.

However, analysts say that the move is aimed at shifting responsibility to the outside world in the face of criticism that President Trump has failed to prevent the spread of Covid-19.

Source : https://www.businesslive.co.za/bd/world/2020-04-15-donald-trump-stops-us-funding-of-who-saying-it-failed-in-its-duty/

Apple Unveils New iPhone SE

iPhone SE: A powerful new smartphone in a popular design - Apple           Today Apple announced the release of its new second generation iPhone SE. Since the first iPhone SE was received with positive feedback, this new iPhone is meant to build and improve on the accessories that people loved in the original SE. Senior Vice President of Worldwide Marketing, Phil Schiller commented on the features of this new phone saying it includes, “industry-leading performance of A13 Bionic that enables great battery life…along with having a Portrait mode and takes Smart HDR photos.. [and also includes] Touch ID back in the phone (LeBlanc, 2020).” This iPhone will continue to go hand in hand with the platforms applications like the App Store, Apple TV, Apple Watch, etc. and will continue to use the headlight cable as its main adaptor to plug into your car radio.

The iPhone SE will carry its usual storage packages with 64GB, 128GB, and 256GB. In terms of colors it will be available in black, white and (PRODUCT)RED. Not to be confused with the regular color red, (PRODUCT)RED is a part of Apple’s (RED) partnership (LeBlanc, 2020).” This partnership assures at all profit made off of the sales of the (PRODUCT)RED iPhone will be donated toward HIV/AIDS program funding. Now being called the “affordable” iPhone by Apple, the starting price of the iPhone SE starts at $399.

To sum up this iPhone in the words of the people that have it trending on twitter. “Body iPhone 8. Internals iPhone 11. Camera iPhone XR. Only $399. And your dumb*** bought the iPhone 11 for $750 a month ago (@shaneisiconic).”

Misinformation Is at a All Time High

Social Media apps on a phone

 

In this article it explores how much misleading information is put onto the news about the recent pandemic, It states one third of people have read and received misinformation on COVID-19. A survey that is spanning all around the world comes as people try to get a hold on online falsehoods. Google and Facebook are pulling out everything they can to try and take down misinformation. Large news companies are still receiving backlash that they are not doing enough in monitoring the information. Oxford University pulled from 8,500 people across six different countries. It showed that Spain and Argentina where over 40 percent of those polled said they had seen false information. Forty Percent is a very high number to be seeing false information on something so serious. In the US a whopping thirty three percent of people saw a great deal of false information. The U.S showed the greatest levels of polarization among the polled. We need to make sure all of the information we are receiving and publishing is correct. Misinformation especially on a topic like this can set people into a panic or make it seem like its letting up when in reality its not. People showed that the national government was the most credible source of news. With the recent pandemic tensions and anxiety’s are very high so we need to make sure what we are putting out in the world is correct and right. The fact one third of people are seeing false information is far too high, we need to limit it as much as we can.