Zuckerberg’s Wealth Soars as Meta Beats Expectations: Billionaire’s Net Worth Surges by $29 Billion in One Day

Mark Zuckerberg’s financial status is once again making headlines following a significant victory for Meta, the parent company of Facebook, which he co-founded and leads as CEO. The billionaire is poised to see a substantial increase in his wealth as Meta surpassed expectations with its latest quarterly earnings report.

According to Forbes, Zuckerberg’s net worth surged by a staggering $29 billion in just one day due to the remarkable rise in Meta’s stock price. As of the latest update, his total net worth stands at $167.9 billion on Forbes’ continuously updated billionaires list, a notable jump from the estimated $139 billion in January.

Meanwhile, Bloomberg’s real-time list places Zuckerberg’s net worth at $142 billion, although it’s yet to reflect the impact of the recent earnings report. Discrepancies in estimated net worth figures among different outlets are not uncommon, as they factor in Meta’s share values along with evaluations of his other assets like real estate holdings.

Currently, Zuckerberg holds the fourth position among the wealthiest individuals globally according to Forbes, while Bloomberg ranks him as the fifth richest.

Together with his wife Priscilla Chan, Zuckerberg has committed to donating 99% of their wealth throughout their lifetimes via the Chan Zuckerberg Initiative, which has already pledged over $4.9 billion in grants since its establishment in 2015.

This week has been monumental for Zuckerberg. Alongside Meta’s soaring stock, he also faced questioning before the Senate, alongside other prominent tech CEOs, addressing concerns about the proliferation of sexually explicit content involving minors on social media platforms.

Award-Winning Life Of Pi Stars To Make Their Broadway Debuts Reprising The Roles Of “Pi” And “Richard Parker”

Lolita Chakrabarti’s dazzling stage adaption of Yann Martel’s best-selling novel LIFE OF PI will premiere at Broadway’s Gerald Schoenfeld Theatre (236 West 45th Street) with three Olivier Award-winning performers making their Broadway debuts. Recreating their critically acclaimed performances for Broadway will be “Best Actor” winner Hiran Abeysekera in the role of “Pi” and “Best Supporting Actor” winners Fred Davis and Scarlet Wilderink join the “Richard Parker” puppeteering team.

The Broadway production of the five-time Olivier Award-winning London production of LIFE OF PI will feature Brian Thomas Abraham as Cook/Voice of “Richard Parker,” Rajesh Bose as Father, Avery Glymph as Father Martin/Russian Sailor/Rear Admiral Jackson, Mahira Kakkar as Nurse/Amma/Orange Juice, Kirstin Louie as Lulu Chen, Salma Qarnain as Mrs. Biology Kumar/Zaida Khan, Sathya Sridharan as Mamaji/Pandit-Ji, Daisuke Tsuji as Mr. Okamoto/Captain, Sonya Venugopal as Rani, with Nikki Calonge, Fred Davis, Rowan Ian Seamus Magee, Jonathan David Martin, Betsy Rosen, Celia Mei Rubin, Scarlet Wilderink and Andrew Wilson as Royal Bengal tiger “Richard Parker.”  Mahnaz Damania, Jon Hoche, Usman Ali Mughal, Uma Paranjpe and David Shih round out the 24-member cast with Adi Dixit as the “Pi” alternate.

Picture : TheUNN

LIFE OF PI begins performances Thursday, March 9, 2023, and opens Thursday, March 30, 2023.  Prior to the Broadway engagement, LIFE OF PI made its North American Premiere at the American Repertory Theater at Harvard University.

LIFE OF PI is directed by Max Webster, with Set and Costume design by Olivier Award winner Tim Hatley, Puppetry and Movement Direction by Olivier Award winner Finn Caldwell, Puppet Design by Olivier Award winners Nick Barnes and Finn Caldwell, Video Design by Olivier Award winner Andrzej Goulding, Lighting Design by Olivier Award winner Tim Lutkin, Sound Design by Carolyn Downing, Original Music by Andrew T Mackay, Dramaturgy by Jack Bradley, Wig Design by David Brian Brown, and Casting by Stewart/Whitley.

Based on one of the best-loved works of fiction – winner of the Man Booker Prize, selling over fifteen million copies worldwide – LIFE OF PI is a breath-taking new theatrical adaptation of an epic journey of endurance and hope.

After a cargo ship sinks in the middle of the vast Pacific Ocean, a sixteen-year-old boy name Pi is stranded on a lifeboat with four other survivors – a hyena, a zebra, an orangutan, and a 450-pound Royal Bengal tiger. Time is against them, nature is harsh, who will survive?

Tickets for LIFE OF PI on Broadway are available at Telecharge.com (212.239.6200) and at the Gerald Schoenfeld Theatre box office and range from $49 – $199 (including $2 facility fee).  The playing schedule for LIFE OF PI is as follows: Tuesday through Saturday at 8pm, with matinees Wednesday and Saturday at 2pm, and Sunday at 3pm.  Please note there will be no 2pm performance on Wednesday, March 15, and March 22.  Beginning Tuesday, April 4, 2023, the LIFE OF PI performance schedule is as follows: Tuesday and Thursday at 7pm, Wednesday and Friday at 7:30pm, and Saturday at 8pm, with matinees Wednesday and Saturday at 2pm, and Sunday at 3pm.

LIFE OF PI on Broadway is produced by Simon Friend, Daryl Roth, Hal Luftig, Mark Gordon Pictures, Playing Field, Tulchin Bartner Productions, Gavin Kalin, Hunter Arnold, Hall Smalberg Winkler, 42nd.club, Elizabeth Armstrong, Eilene Davidson, deRoy Shea Waxman, Federman Jenen Productions, Susan Gallin, Independent Presenters Network, John Gore Organization, Kuhn Dodani, Harriet Newman Leve, Anastasia Muravyeva, Mary Lu Roffe, Catherine Schreiber, American Repertory Theatre and Sheffield Theatres, with Aaron Lustbader and Hanna Osmolska serving as Executive Producers.

LIFE OF PI played Wyndham’s Theatre in London’s West End where it won five Olivier Awards including Best New Play, Best Scenic Design and Best Lighting Design.  In an historic first for the Olivier Awards, the seven performers who play Royal Bengal tiger “Richard Parker” were collectively awarded “Best Actor in a Supporting Role.” The London production with its cutting-edge visual effects has garnered great critical acclaim and will launch a UK & Ireland tour in the summer of 2023.

Show info: www.LifeOfPiBway.com; Social: @lifeofpibway on Instagram, Twitter, and Facebook

Indian Overseas Congress, USA, seeks dismissal of Ankhi Das, FACEBOOK content Chief in India

Indian Overseas Congress, USA, an advocacy group that promotes democracy, freedom, and equal justice in India, condemns the FACEBOOK management for its election-year interference, content bias, and suppression of free expression by Indian citizens to help the Bharatiya Janata Party (BJP), that is in power.

The Wall Street Journal dated August 14, 2020, wrote a story on how FACEBOOK’s blatant bias and dubious practices in India in favor of the Modi government is having an impact on the social media as regards its citizen’s right to express their opinions in public. These revelations shine a light on how major business houses that include Ambani’s Jio platform and Tech companies in Silicon Valley are heavily invested in India’s current politics and interferes in its communal faultlines.

“It is quite unfortunate that a company founded in a free society undermines the very essence of that philosophy in a sister democracy in the world and that too in favor of a political party that demonstrated its disdain for pluralism, democracy and freedom of religion, “ said George Abraham, Vice-Chairman of the Indian Overseas Congress, USA.

It has been reported that Ms. Ankhi Das, the content manager in charge of FACEBOOK in India, is said to have told her colleagues “punishing violations by politicians from the @narendramodi party would damage the company’s business prospects in the country.” Reuters reported that a handful of employees had written a letter asking FACEBOOK to denounce “anti-Muslim” bigotry” from BJP politicians that Ankit Das said to have protected.      
       “Congress party valiantly fought for freedom and independence and the dignity of every Indian for the last 74 years, and it is regrettable to see that India’s democracy has now been undermined by a profit-making company such as FACEBOOK,” said Mohinder Singh, president of the IOC, USA.

It is a well-known fact that India is the largest market for FACEBOOK and WhatsApp, and these companies have a huge responsibility in managing the content without bias and bigotry. However, they have chosen the side of those that incite violence and encourage instability that has led to destruction of lives and property. Facebook shoulders a heavy responsibility for what has transpired.     

IOC, USA, supports the proposal by the AICC asking Facebook to set up a panel to investigate the blatant bias regarding BJP-RSS and punish those who have engaged in such dubious practices. As a first step, Ankhi Das, who is the content manager for FACEBOOK in India, should be relieved of her duties and be investigated for her connection to a political party since her actions have tainted the company’s reputation as an independent arbiter of opposing viewpoints.

Facebook says will purge hateful posts by public figures in India

Facing intense political heat in India over its alleged role in favouring the Bharatiya Janata Party (BJP) on its platform, social networking giant Facebook on Friday clarified its position, saying it has removed and will continue to remove content posted by public figures in India which violate its community standards.Ajit Mohan, Vice President and Managing Director, Facebook India, said in a statement that Facebook has always been an open, transparent and non-partisan platform where people can express themselves freely.

“Over the last few days, we have been accused of bias in the way we enforce our policies. We take the allegations of bias incredibly seriously, and want to make it clear that we denounce hate and bigotry in any form,” Mohan said.

He was referring to the controversy generated after a Wall Street Journal (WSJ) report claimed that Facebook’s content regulation policies favoured the BJP.

The WSJ report sparked a widespread debate in India, raising serious questions over Facebook’s content regulation practices.

The report claimed that Facebook India’s Public Policy Head Ankhi Das had told staff members that punishing violations by BJP politicians would damage the company’s business prospects.

Mohan said the policies at Facebook are “ever-evolving to take into account the local sensitivities, especially in a multicultural society such as India”.

“An example is the inclusion of caste as a protected characteristic in our global hate speech policy in 2018,” Mohan said.

The Facebook India chief said that the employees represent a varied political spectrum who have either served in many administrations or have political experience and take immense pride in being active contributors to public service.

“Despite hailing from diverse political affiliations and backgrounds, they perform their respective duties and interpret our policies in a fair and non-partisan way. The decisions around content escalations are not made unilaterally by just one person; rather, they are inclusive of views from different teams and disciplines within the company,” he elaborated.

Amid the debate, BJP’s IT cell chief Amit Malviya has claimed that Mohan worked with the Planning Commission during the UPA era.

According to Mohan, there is no place for hate speech on Facebook but they need to do more.

“We know this work is never over, which is why we will continue to invest in our efforts to combat hate speech on our services. We welcome the opportunity to engage with all parties — political or otherwise — who want to understand our content policies and enforcement more,” he said, adding that Facebook’s commitment to India and its people is unwavering.

The Congress has demanded that Facebook should order a high-level inquiry into its leadership team and their operations in a time-bound manner, and publish and make transparent all instances of hate speech since 2014 that were allowed on the platform. “Facebook India should appoint a new team so that the investigation is not influenced,” said Congress leader K.C. Venugopal in a letter to Facebook CEO Mark Zuckerberg.

Anand Chandrasekaran joins Facebook

Facebook hired ex-yahoo, executive Anand Chandrasekaran on a strategic role to boost future anticipations of the Messenger application. The social networking giant appointed Chandrasekaran for a global leadership role to expand its services further in India. The move will build new partnerships and strategies for the Messenger app that has hit over one billion user account. As reported by The Business Insider website, Anand Chandrasekaran will assist social media company in building strategies for Facebook Messenger.

“They say the best journeys bring you home. We embarked on one two-and-a-half years ago, and it has been nothing short of incredible. I am super excited to share that building on the learning and experiences, I am joining Facebook to work on Facebook Messenger platform,” Chandrasekaran wrote in a Facebook post. “Core to every major platform I’ve worked on is a belief that technology should help level the playing field for all-something that is at the heart of Facebook and Messenger,” he added.

Anand worked at Yahoo from 2011 to 2014 as a Senior Director for search products and mobile products. Later he joined Indian telecom giant Bharti Airtel as a Chief Product Officer and helped the company spread its service with music and mobile payment platforms. Later he joined Snapdeal, the Indian e-commerce company as the Chief Product Officer. Anand helped Snapdeal by launching a revamped website and app that introduced the image search feature. Chandrasekaran played a big role in acquiring Freecharge and merging it with Snapdeal at $400 million.

Chandrasekaran completed his undergraduate degree in India and MS from Stanford University. After graduating, he co-founded a mobile application software company, Aeroprise, which was further acquired by BMC software in 2011. Before joining Airtel, he spent about 13 years with various technological firms like Openwave systems, Yodlee and Yahoo in the Silicon Valley. The World Economic Forum awarded Chandrasekaran as the Young Global Leader. Anand notified about joining the Social media giant through a Facebook post. He will join Facebook’s Menlo Park office.

Facebook Messenger has a download count of more than one billion, which makes it second most popular Android and iOS application. The app currently has 10 percent of VoIP market share. Facebook is continuously working to make its app user-friendly and with the launch of bots for Messenger, it will further allow businesses to automate responses.

India has become a critical market for Facebook which is now second only to the US in terms of Facebook users. “Messenger is going to be the next big platform for sharing privately,” Facebook CEO Mark Zuckerberg recently said. “Connecting India is an important goal we won’t give up on, because more than a billion people in India don’t have access to the internet,” Zuckerberg wrote in a Facebook post.

“India is one of those countries which you cannot overlook if you want to connect the world” Mark Zuckerberg

“India is one of those countries which you cannot overlook if you want to connect the world,” Facebook’s founder Mark Zuckerberg said here in India’s capital last week. “It is very important to connect people in India (one of the largest democracies) as it is central to our plans of connecting the next billion people and then the whole world,” Zuckerberg said at the townhall meeting held at the Indian Institute of Technology (IIT) Delhi.

The townhall at IIT Delhi follows the Menlo Park chapter at Facebook headquarters which was held during Prime Minister Narendra Modi’s second US visit. Zuckerberg also reiterated his commitment to India by clarifying his plans of opening schools here.

“We have opened schools in Africa with internet capable infrastructure to give a boost to education quality and we are evaluating plans to open such schools in India in the future,” the chief executive said. Asked about net neutrality and Internet.org, Zuckerberg said the platform via its free basics program aims to solve three problems of connecting to the internet — availability, affordability and awareness.

“We are trying to aid availability by streaming the internet via satellites. In terms of affordability, free basics is free to use and also low on data consumption. Users are not forced to pay for the service,” Zuckerberg said reiterating the need of an open internet platform like its proprietary initiative Internet.org in India while reminding that Facebook always supported net neutrality and adhered to regulations.

“We have always adhered to net neutrality regulations but there are several countries who still do not have norms in place. We will adapt to them as soon as they are in place as we are in the favour of being 100 percent net neutral,” Zuckerberg said.

Further explaining, he said “Free basics program under the Internet.org initiative aims to connect the next billion people. It does not intend to harm anyone — neither the consumers nor the operators,” he said.

“Any developer who can stream low-data consuming content can be a part of the platform,” the chief executive told a gathering of 1,100 people expressing his discontent in some way over the ongoing debate about net neutrality.

“Internet.org is currently live in 24 countries and has 50 million subscribers. India itself has nearly over one million people subscribed to the platform,” Zuckerberg said reiterating his favorite example of quoting a research that claims that every 10 people connected to the internet lifts one life out of poverty.

“India is one of those countries which you cannot overlook if you want to connect the world” Mark Zuckerberg
Mark Zuckerberg

Currently, India has no regulations on net neutrality. Communications and Information Technology Minister Ravi Shankar Prasad in a reply to the Lok Sabha had said “the committee of the department of telecommunications on net neutrality has submitted its report. However, it is not the final report nor the government has taken any final view.”

“Based on the report, comments, suggestions and recommendations of TRAI, the government will take a considered decision on various aspects of net neutrality, in the best interest of the country,” Prasad said.

The chief executive, who is a role model for many techies, when asked about the entrepreneurs in India said that Facebook was doing its best to provide low cost tools to entrepreneurs here. In addition, Zuckerberg also gave a sneak peak of how the future Facebook should look like by divulging several new fundamental features that the company was working on including a fix for users getting ‘irritating’ Candy Crush requests.

Zuckerberg also hinted at improving Facebook for physically-challenged people. “We are working on artificial intelligence in order to improve computer systems to better understand humans. In the next five to ten years, Facebook might be able to read timelines, picture messages and picture captions for the physically-challenged users,” the founder said.

“This will also help Facebook connect more people boosting the network. We are also working on geo-location strategies to identify which users are in which area and in case of a calamity whether they would be likely affected or not,” Zuckerberg said giving the example of the social media platform’s success with the ‘safe’ notification during the Nepal and the Afghanistan quake that sent tremors through Delhi.

Zuckerberg also said that he was working on a project named Amber to help locate missing persons. “Although the program is currently running in the US and Canada, we intend to get it running in every country soon. It is a serious responsibility as we are the platform that connects millions of people together,” Zuckerberg said.

Teens, Social Media & Technology Overview 2015

Aided by the convenience and constant access provided by mobile devices, especially smartphones, 92% of teens report going online daily — including 24% who say they go online “almost constantly,” according to a new study from Pew Research Center. More than half (56%) of teens — defined in this report as those ages 13 to 17 — go online several times a day, and 12% report once-a-day use. Just 6% of teens report going online weekly, and 2% go online less often.

Much of this frenzy of access is facilitated by mobile devices. Nearly three-quarters of teens have or have access1 to a smartphone and 30% have a basic phone, while just 12% of teens 13 to 17 say they have no cell phone of any type. African-American teens are the most likely of any group of teens to have a smartphone, with 85% having access to one, compared with 71% of both white and Hispanic teens. These phones and other mobile devices have become a primary driver of teen internet use: Fully 91% of teens go online from mobile devices at least occasionally. Among these “mobile teens,” 94% go online daily or more often. By comparison, teens who don’t access the internet via mobile devices tend to go online less frequently. Some 68% go online at least daily.

African-American and Hispanic youth report more frequent internet use than white teens. Among African-American teens, 34% report going online “almost constantly” as do 32% of Hispanic teens, while 19% of white teens go online that often.

Facebook is the most popular and frequently used social media platform among teens; half of teens use Instagram, and nearly as many use Snapchat. Facebook remains the most used social media site among American teens ages 13 to 17 with 71% of all teens using the site, even as half of teens use Instagram and four-in-ten use Snapchat.

Teens, Social Media & Technology Overview 201571% of teens use more than one social network site. Teens are diversifying their social network site use. A majority of teens — 71% — report using more than one social network site out of the seven platform options they were asked about. Among the 22% of teens who only use one site, 66% use Facebook, 13% use Google+, 13% use Instagram and 3% use Snapchat.

This study uses a somewhat different method than Pew Research Center’s previous reports on teens. While both are probability-based, nationally representative samples of American teens, the current survey was administered online, while our previous work involved surveying teens by phone. A great deal of previous research has found that the mode of interview — telephone vs. online self-administration — can affect the results. The magnitude and direction of these effects are difficult to predict, though for most kinds of questions, the fundamental conclusions one would draw from the data will be similar regardless of mode. Accordingly, we will not compare specific percentages from previous research with results from the current survey. But we believe that the broad contours and patterns evident in this web-based survey are comparable to those seen in previous telephone surveys.

Facebook remains a dominant force in teens’ social media ecosystems, even as Instagram and Snapchat have risen into a prominent role in teens’ online lives.Asked which platforms they used most often, the overall population of teens in this sample (ages 13 to 17) reported that Facebook was the site they used most frequently (41% said that), followed by Instagram (20%) and Snapchat (11%).

Boys are more likely than girls to report that they visit Facebook most often (45% of boys vs. 36% of girls). Girls are more likely than boys to say they use Instagram (23% of girls vs. 17% of boys) and Tumblr (6% of girls compared with less than 1% of boys). Older teens ages 15 to 17 are more likely than younger teens to cite Facebook (44% vs. 35% of younger teens), Snapchat (13% vs. 8%) and Twitter (8% vs. 3%) as a most often used platform, while younger teens ages 13 to 14 are more likely than their older compatriots to list Instagram (25% vs. 17% of older teens) as a platform they visit most often.

Teens, Social Media & Technology Overview 2015The survey data reveals a distinct pattern in social media use by socio-economic status. Teens from less well-off households (those earning less than $50,000) are more likely than others to say they use Facebook the most: 49% of these teens say they use it most often, compared with 37% of teens from somewhat wealthier families (those earning $50,000 or more).

Teens from more affluent households are somewhat more likely than those from the least affluent homes to say they visit Snapchat most often, with 14% of those from families earning more than $75,000 saying Snapchat is their top site, compared with 7% of those whose families earn less than $30,000 annually. Twitter shows a similar pattern by income, with the wealthiest teens using Twitter more than their least well-to-do peers. It should be noted that some of these differences may be artifacts of differences in use of these sites by these different subgroups of teens.

As American teens adopt smartphones, they have a variety of methods for communication and sharing at their disposal. Texting is an especially important mode of communication for many teens. Some 88% of teens have or have access to cell phones or smartphones and 90% of those teens with phones exchange texts. A typical teen sends and receives 30 texts per day

And teens are not simply sending messages through the texting system that telephone companies offer. Some 73% of teens have access to smartphones and among them messaging apps like Kik or WhatsApp have caught on. Fully 33% of teens with phones have such apps. And Hispanic and African-American youth with phones are substantially more likely to use messaging apps, with 46% of Hispanic and 47% of African-American teens using a messaging app compared with 24% of white teens.

Teenage girls use social media sites and platforms — particularly visually-oriented ones — for sharing more than their male counterparts do. For their part, boys are more likely than girls to own gaming consoles and play video games.

Data for this report was collected for Pew Research Center. The survey was administered online by the GfK Group using its KnowledgePanel, in English and Spanish, to a nationally representative sample of over 1,060 teens ages 13 to 17 and a parent or guardian from September 25 to October 9, 2014 and February 10 to March 16, 2015. In the fall, 1016 parent-teen pairs were interviewed. The survey was re-opened in the spring and 44 pairs were added to the sample. For more on the methods for this study, please visit the Methods section at the end of this report.

-+=