TikTok was the world’s most downloaded app in 2020 as it took the top spot from Facebook Messenger, according to a new report by digital analytics company App Annie.
The Chinese owned video-sharing platform is the only app not owned by Facebook to make the global top five of downloads of 2020
In China, TikTok’s owner ByteDance also holds the top spot with the Chinese language video app Douyin.
Facebook-owned apps have held the top spot in downloads since the survey started in 2018.
Apps owned by Mark Zuckerberg make up the top five – WhatsApp, Facebook, Instagram and Facebook Messenger .
Last year, former President Donald Trump issued an executive order to ban new downloads of TikTok app in the US claiming that TikTok posed a national security risk as the Chinese government had access to its user data, allegations the company has denied.
Will Twitter’s ‘poison pill’ be too tough for Elon Musk to swallow?
The so-called “poison pill” Twitter has proposed to use against Elon Musk’s potential hostile takeover is a mechanism with a proven track record that could force the outspoken entrepreneur into negotiations.
To halt a takeover, the board plans to activate the pill if the Tesla CEO comes to own more than 15 percent of Twitter.
He already holds 9.2 percent of the company and said Thursday he has ready the $46.5 billion necessary to make an offer for the rest.
Such a “pill” would allow other Twitter shareholders to purchase shares at half price, increasing the amount of shares in circulation and weakening Musk’s influence.
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It would then be nearly impossible for him to take total control of the company without having to spend significantly more than he had originally planned.
“The dilution created by this defence has generally served its intended deterrence effect,” explained Eric Wehrly, associate professor of finance at Western Washington University.
The “poison pill” was invented 40 years ago by business lawyer Martin Lipton to counteract a wave of hostile takeovers on Wall Street.
“It was the age of the corporate raiders,” Lipton explained to the media site The Deal in 2011, from investors such as Carl Icahn to Kirk Kerkorian.
Quickly contested in court, the practice was declared legal for the first time in 1985 by the Delaware Supreme Court — a tax friendly state where Twitter, although officially based in Californian, is incorporated.
“Delaware is the home to roughly half of publicly traded companies in the US and has fairly well established law regarding the implementation of poison pills,” said Jon Karpoff, a finance professor at the University of Washington.
“Unless there’s something unusual about Twitter’s pill, which I would highly doubt… Musk would be unlikely to have a successful legal challenge,” he said.
Boston College associate law professor Brian Quinn doesn’t think the issue will even end up in court.
“Elon Musk has no case,” he said.
Negotiate and rally
An alternative to acquiring the majority of the company would be for Musk to change the makeup of the board, according to Quinn, installing new members more in line with his vision for Twitter.
But the agenda for Twitter’s next general meeting, on May 25, is already set, meaning Musk would have to wait until the next general meeting in 2023 to even bring it up.
And the board of directors can only be removed in batches, anyways.
Some members’ terms are up this year, while others will remain in their position until 2023, 2024 or 2025.
Musk wouldn’t be able to win over a majority of the board until at least 2024.
According to Quinn, “there’s no record of an acquirer overcoming the pill by replacing the board through two successive elections.”
“The only option for an acquirer is to negotiate with the board of directors,” Quinn said, presumably by proposing an even higher offer, but without any guarantee of success.
And in the event of a negotiation, Musk wouldn’t be able to count on the support of former Twitter head and co-founder Jack Dorsey, unless there is a quick resolution.
Dorsey, who has previously expressed affinity for the billionaire, announced after his resignation in November that he would not run for another term as director and would step down after this year’s meeting.
In tandem with the official negotiations, Musk would have to start making his case to shareholders, according to Karpoff, a task which has already begun — mainly by tweeting.
“And I think his personal popularity among a lot of people will help them in that,” Karpoff said.
“I wouldn’t be surprised if we even got a bunch of retail investors involved in struggling to acquire Twitter shares, and joining the attempt to pressure board members to strike a deal with Musk.”
5G Licence: NCC confirms payment of $273.6m each by MTN, Mafab
• ITU adds standard to technology
Nigerian Communications Commission (NCC) has said provisional winners of the 3.5GHz spectrum licence, MTN Communications Nigeria Plc and Mafab Communications Limited, have made full payment of $273.6 million each for the 5G Spectrum licence to the commission.
Executive Vice Chairman of NCC, Prof. Umar Danbatta, officially confirmed the payment yesterday, February 24, 2022, just as the deadline set for the two winners of the spectrum auction elapsed.
As part of the auction process emplaced by the commission in the Information Memorandum (IM), three companies, namely MTN Nigeria, Mafab Communications Ltd and Airtel Networks Ltd, submitted bids with an initial bid deposit (IBD) of $19.74 million, representing 10 per cent of the Reserve Price of the 3.5GHz Spectrum by close of the November 29, 2021 submission.
Following the successful auction on December 13, 2021, and the emergence of MTN and Mafab as winners, they were required to pay the balance of the bid amount of $253.86 million on or before February 24, 2022.
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However, aside from the $273.6 million payment, MTN paid an additional $15.9 million, being the bidding sum is offered at the assignment state of the spectrum auction, making it clinch its preferred Lot 1 (3500-3600 Megahertz-MHz) in the 3.5Ghz spectrum, while Mafab Communications, which bided lower at the assignment stage, consequentially settled with Lot 2 (3700-3800Mhz) at no extra cost.
THIS was as members of the International Telecommunication Union (ITU), yesterday, approved the fourth technology as part of ongoing standards development for 5G mobile services.
Known as “DECT 5G-SRIT”, the new technology supports a range of uses, from wireless telephony and audio streaming to the industrial Internet of Things (IoT) applications, particularly in smart cities.
Top Platforms to make money online.
You must have been thinking of ways to make money online, where to start, which platform to use?
Worry no more, this article is an eye-opener. sit back as I take you through.
There are millions of platforms online to when you google search but you get pissed off, Worry no more like I said earlier.
Below are Platforms to make money online.
Getty Images is a British- American visual media company that help freelance photographers and videographers to submit a portfolio and apply to be a contributors.
The site helps you in the sale of photos, videos and illustrations.
Are you a photographer or want to be? now it’s time to turn your passion to money.
By starting your online business you get more money than connected to a third party platforms. you can start your own website for your business, set your rules, design and lot more.
all you need to start with is get a domain name, pay for hosting ( I recommend namecheap for a start) set the website up using WordPress for easy use. No coding knowledge needed, promote the website to get visitors to know about your business and possibly buy your product.
Fiverr is an online marketplace for freelance service. The platform provides freelancers to offers services to client’s worldwide.
There are lots of categories on Fiverr, all you do is select category that fit your skills.
Update your profile, post your previous and recent jobs, gather reviews for the more reviews, the more clients dive into your profile.
Nexus Notes is another online marketplace for students mostly university students.
on this platform students can learn from other students in which you upload your course note for others to download while you get paid.
It allows users to upload their assignment and questions to get opinions.
This is refers to providing solutions to problems in a text format which is self published online.
To make money from this, you have to create a blog first, design it, get traffic, and apply for monetization using any of the following “GoogleAdsense, Ezoic, adsterra, propeller and so on.
Youtube is one of the biggest platform to start with. YouTube is not restricted to age, it is open to everyone.
All you need is one a Google mail account knows as Gmail, download the youtube app, login, create a channel.
Start creating nice video content them upload and start gathering your audience. you have 365 days to gather one thousand(1,000) subscribers and four thousand (4,000) watch hour. After this step you apply for monetization and get ads to display. if you content are nice, big brands ( companies) might show interest wanting you to advertise their products.
There are tons of ways to make money online, Mind you all this are not a get rich fast scheme but with time, you are a future millionaire/billionaire
Here are other ways to make money online
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