Tag Archives: Lost

Mark Zuckerberg Has Lost This Much Money for Changing Facebook’s Feed
January 15, 2018 6:01 pm|Comments (0)

Facebook stock took a hit after the social network announced massive changes to its news feed. And no one felt that hit more than Mark Zuckerberg.

The founder and CEO of Facebook owns over 400 million shares of the company, meaning stock fluctuations hit him the hardest. The trick is figuring out exactly how hard — and that’s where things get a little difficult.

As of April 14, 2017, the company’s last proxy statement, Zuckerberg owned over 2.6 million shares of Class A stock and nearly 411 million Class B shares. In September, though, he announced plans to sell as many as 75 million shares over the following 18 months “to fund the philanthropic initiatives of [he] and his wife, Priscilla Chan,” according to a filing.

So, for argument’s sake, let’s say he’s halfway through that sales goal (unlikely, but it doesn’t hurt to be conservative) — bringing his total holdings to approximately 377 million shares.

Given the company’s 4.5% drop on Friday, that would mean Zuckerberg lost more than $ 3.1 billion, on paper at least. (If he hasn’t sold any of the 75 million shares he’s planning to, the loss escalates to nearly $ 3.5 billion.)

Of course, Facebook shares will almost certainly rebound. And analysts say they expect the changes will drive higher ad prices and could result in more money for Facebook, something that always cheers investors.

Ultimately, though, Zuckerberg’s likely not concerned. He’s already pledged to give away 99% of his net worth in his lifetime.

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Malaysia's CIMB says backup tapes containing banking customer data lost
November 13, 2017 12:01 pm|Comments (0)

KUALA LUMPUR (Reuters) – Malaysia’s CIMB Group Holdings Bhd on Monday said some magnetic tapes containing backup customer data were lost during routine operations, adding that there has been no evidence so far that any data has been compromised.

The tapes do not contain any authentication data such as pin numbers, passwords or credit card security numbers, the country’s second biggest lender said in a statement.

“Several magnetic tapes containing back-up data were physically lost in transit during routine operations. Some of these tapes contain customer information of CIMB Bank and its subsidiaries,” it said.

“Following a thorough and ongoing assessment, there is currently no evidence that any of this information has been compromised.”

The bank said it was working with relevant authorities and taking steps to protect customers. It did not say when the tapes were lost.

CIMB said it has heightened security measures following the loss of the tapes, including temporarily suspending some services via its call center.

In a separate statement, Malaysia’s central bank said it has been assured by CIMB that “necessary precautionary measures and mitigation actions have been taken to manage any possible negative impact arising from the loss of the tapes.”

Earlier this month, Malaysia said it was investigating an alleged attempt to sell data of more than 46 million mobile phone subscribers online, in what appeared to be one of the largest leaks of customer data in Asia.

Reporting by A. Ananthalakshmi, editing by David Evans

Our Standards:The Thomson Reuters Trust Principles.

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With Half A Billion Customers Lost, McDonald’s Gambles On Mobile Ordering To Get Them Back
March 25, 2017 12:50 pm|Comments (0)

McDonald’s has always boasted about the billions of customers it has served. But now it has a big problem: the 500 million potential visitors it estimates it’s lost in the past five years. It hopes mobile ordering and curbside delivery will lure them back.


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Nazi Sub Portrayed in Raiders of the Lost Ark Discovered in the North Atlantic
February 8, 2017 8:45 pm|Comments (0)

German researchers have discovered the wreck of U-581, a Nazi sub that sunk near the Azores in February 1942. The 220-foot-long VIIC U-boat—the same type of sub featured in the classic films Das Boot and Raiders of the Lost Ark—was found broken in two, and at a depth of nearly 3,000 feet.

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Nazi Sub Portrayed in Raiders of the Lost Ark Discovered in the North Atlantic
February 3, 2017 9:37 pm|Comments (0)

German researchers have discovered the wreck of U-581, a Nazi sub that sunk near the Azores in February 1942. The 220-foot-long VIIC U-boat—the same type of sub featured in the classic films Das Boot and Raiders of the Lost Ark—was found broken in two, and at a depth of nearly 3,000 feet.

Read more…


Uncategorized

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