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Fri, Apr

Zuckerberg's Compensation Jumps To $8.9 Million As Security Costs Soar

Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security.

About 83 percent of the compensation represented security-related expenses, while most of the rest were tied to Zuckerberg’s personal usage of private aircraft.

Zuckerberg spent much of last year travelling after he pledged to visit all the U.S. states that he had not previously been to.

His security expenses climbed to $7.3 million in 2017 from $4.9 million a year earlier.

The Taiwanese company known best for manufacturing iPhones, Foxconn, will soon be the company behind some of the best known routers and other computer accessories, the Verge reports. A subsidiary of Foxconn, Foxconn Interconnect Technology, announced today that it would acquire Belkin, which also owns the brands Linksys and Wemo.

Google is launching the Google News Initiative, a journalism-focused program that will help publishers earn revenue and combat fake news. According to the CNBC, the initiative, announced Tuesday, will offer publications another monetization model online called Subscribe with Google, as well as work with established universities and groups to combat misinformation.

In 1973, 18-year-old Steve Jobs applied for a job. That was probably before he realised that he was meant to be the boss and not anyone else’s employee, and eventually co-found Apple Inc with Steve Wozniak. The one-page application form that Jobs filled by hand – with spelling, punctuation errors and all – will be auctioned off next month.

Facebook Inc Chief Executive Mark Zuckerberg’s apology for mishandling user data and some limited proposals for change at the social network drew mixed responses on Thursday, while Wall Street analysts worried about costs and a loss of trust, Reuters reports. Another pair of major brokerages cut price targets for a stock that has shed around $50 billion in value since Monday. Shares in the company fell as much as 2.5 percent in heavy trading.

Twitter has suspended several accounts known for stealing tweets and mass-re-tweeting posts, according to BuzzFeed. Some of the blocked accounts include @dory, @girlposts, and @ginah, some with “with hundreds of thousands or even millions of followers” — violated the company’s new spam policies and have been suspended.

The classic '90s "banana phone" is back with 4G and apps on board. First launched in 1996, the original Nokia 8110 popularised the "slider" phone -- and of course, in 1999, it appeared in the iconic Keanu Reeves sci-fi action movie "The Matrix". This new model is the second revival of a classic Nokia phone, following last year's upgraded Nokia 3310.

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