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Mark Zuckerberg Loses $ 15 Billion In Record Facebook Fall

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Facebook shares plunge really bad this time!

On Thursday, Facebook Inc., Chief Executive Officer Mark Zuckerberg’s fortune took a fall of more than $ 15 billion. The social media giant noticed the biggest one day wipeout in the U.S. stock market history. This comes a day after its executives forecasted, years of lower profit margins.

According to sources, a number of 16 brokerages cut their price targets on Facebook. The managers at Facebook said the cost of improving privacy safeguards and the very slow growth of the firm in the advertising markets, would hit the company’s profit margins in the coming years.

The shares went down as much as 19.6 percent to the tune of $ 174.78 in early trading, a decline that would wipe about $ 124 billion off the company’s value. Also, it is nearly four times the entire market capitalization of Twitter Inc.,

The company owned Instagram app, which is not really affected by Facebook’s privacy concerns, would not be enough to repair the damage

According to the second quarter results of Facebook, a string of privacy scandals involving Cambridge Analytica and other app developers are hitting the company’s business. The Chief Financial Officer of Facebook, David Wehner said over the next several years, we would anticipate that our operating margins will trend towards the mid 30s on a percentage basis.

However, a few analysts said Facebook is involved in too many scams and it would took a lot of time to come clean. Unlike Netflix, whose quarterly shortfall we saw as temporary, here we see an evolution of the story, albeit a portion of which we expected, said Daniel Salmon, analyst at BMO Capital Markets. Bears win this quarter … but not the war, said Brent Thill, an analyst with Jefferies.  The shares of Facebook fell to 44 percent in the second quarter from 47 percent a year ago.

As far as Facebook’s market capitalization is concerned, the social media giant was worth  $ 629.6 billion yesterday. The company is now worth $ 506.2.

To be more precise, Facebook lost an enormous $ 123.4 billion in value overnight.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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