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Facebook Changes Name To Meta

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JUST IN: Facebook Changes Name To Meta

Facebook has changed its brand name to Meta. This is according to Mark Zuckerberg, the social media giant’s founder.

Making this disclosure at the company’s annual developers’ conference, Zuckerberg explained that the name change is pertinent as it relates to representing a future beyond just its troubled social network.

“We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter,” Zuckerberg said during an annual developers conference.

“Our apps and their brands, they are not changing,” he was quoted as saying.

Facebook has come under fire and has been the subject of negative news coverage after a former employee leaked damaging documents showing the company knew its brands such as Instagram had a negative impact on young people but focused more on profit-making.

The rebrand is expected to position the flagship app (Facebook) as one of several products under a parent company, Meta, following in the footsteps of Google which set up a holding company, Alphabet, in 2015.

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BREAKING: Jack Dorsey Steps Down As Twitter CEO

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Jack Dorsey To Step Down As Twitter CEO

Jack Dorsey, the Chief Executive Officer (CEO) of Twitter, would be stepping down from his role. This is according to CNBC’s David Faber, who cited “a number of different people familiar with the situation.”

Parag Agrawal, the company’s Chief Technology Officer (CTO), would take over the helm, the company said Monday, November 29, 2021.

Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders, the company said.

I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.

Agrawal will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

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Nigeria To Soon Have Self-driving Cars -NCC

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Nigeria To Soon Have Self-driving Cars -NCC

The Nigerian Communications Commission (NCC), has stated that Nigerians should expect gigabytes per second for smart cities, self-driving cars, robust telemedicine, and others with the deployment of the fifth-generation technology in Nigeria.

The Executive Vice Chairman of the commission, Prof. Umar Danbatta, hinted this while responding to questions during a webinar, titled: “Unlocking 5G potential in Africa”, held on StreamYard, on Monday.

This was contained in a press statement titled, ‘We are conducting training, sensitising stakeholders and collaborating to deploy 5G effectively – Danbatta’, which was sent to our correspondent on Wednesday.

Danbatta emphasised Nigeria’s readiness to deploy 5G and highlighted some of the steps taken by the commission towards deploying the technology in the country.

The statement read, “Danbatta indicated that Nigeria continued to receive visitations by countries who wished to benchmark their operations, just as Nigeria has also visited other countries to explore how 5G and associated technologies can be deployed effectively because 5G technologies are not just valuable, they are so significant due to their derivable social and economic benefits.

The EVC discussed the innovations that could be triggered in the country through 5G deployment.

The statement read, “The EVC explicated how to unlock the potential of 5G, using a triangulated framework pivoted on Enhanced Mobile Broadband, Massive Machine Type Communication, and Ultra-Reliable Low Latency Communications.

He told the enlightened audience that the above scenarios will find expressions in gigabytes in a second, robust voice and real-time digital social mediation, massive Internet of Things like smart city and smart homes (connectedness of appliances and home security), pervasive 3D videos, and Ultra High Definition screens, augmented reality, self-driving cars, industry automation, high-speed trains, lifeline and ultra-reliable communications in telemedicine and natural disasters that will deliver successful services using critical applications.

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DataPro Affirms Guaranty Trust Bank Limited “AA+” Rating

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DataPro Affirms Guaranty Trust Bank Limited “AA+” Rating

DataPro, the Technology-Driven Credit Rating Agency (CRA) has in its latest report affirmed Guaranty Trust Bank Limited’s long-term rating of “AA+” with a Positive outlook for the year 2021/2022.

The “AA+” indicates Lower Risk. It shows Excellent Financial Strength, Operating Performance, and Profile when compared to the standards established by DataPro. This Bank, in our opinion, has a very strong ability to meet its ongoing obligation.

READ ALSO: 2021 FY: Dangote Cement, 2 Other Firms Projected To Surpass Their Revenue Targets

The DataPro Rating Committee approved the Rating after assessment of the Company’s Financial Performance, Capital Adequacy, Asset Quality, Liquidity, Profitability, Governance, Risk & Compliance, Risk Factors, and Future Outlook of its current healthy profile in the medium to long-term period.

The Rating of Guaranty Trust Bank Limited is supported by its diversified Revenue Base, Experienced Management, Strong Capitalization, and Brand Presence.

Guaranty Trust Bank Limited had a Short-Term Rating of “A1+” which indicates the Highest Credit Quality and the Strongest Capacity for timely payment of financial commitments.

DataPro notes that the Rating carries a maximum shelf life of 12 calendar months, in line with International Best Practice.

The Rating is therefore not an offer to trade in securities nor a substitute for the user’s judgment.

It is meant for reference purposes.

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