TechCapon



The month of July happens to be a very bad month for many tech giants and I’m very sure almost all the affected companies can’t wait for the month to just go away forever. The loss they incurred was huge and massive, running into billions and billions of dollars. From Facebook, to Google, Amazon, etc all suffered one bad fate or the other that had wiped billions of dollars of clean off. As for Facebook, it was the worst month ever as the tech giant was facing attacks from all angles ranging from data leaks, accusations of allowing the spread of fake news, law suits etc but one thing we know for sure is they will bounce back.

1.FACEBOOK $120 billion (Biggest loss in US history)



It was a monstrous disaster, Facebook lost as much as 23 percent of it’s shares in the largest single day loss ever recorded in the history of the United States. As for Mark Zuckerberg who is the highest shareholder, he lost almost $17B of his personal fortune, a loss than would have sent Africa’s richest man Dangote packing straight to his village.

2. GOOGLE $5 billion



I know this is not as bad as that of Facebook but it’s still bad. The European union slammed Google with a record $5 billion fine for abusing it’s Android OS and other unfair practices such as forcing phone makers to install Google Apps like Chrome, YouTube, etc and destroying competition. Google is however appealing the fine but from all indication, they might end up paying up thereby putting a $5 billion hole in their pockets.

3. TWITTER $5 billion



Twitter began a massive clampdown on fake, suspicious and dormant accounts, deleting almost 70 million accounts and causing a drop of 1 million users following its action to delete fake and offensive accounts. This move caused the shares of Twitter to plunge by 20%, as a result $5bn (£3.8bn) has been wiped off the market value of Twitter. Donald Trump himself is not helping matters as he has been using Twitter to threaten other countries.

4. TESLA $2 billion



The Thailand football team stuck inside a flooded cave generated a lot of attention all over the world and most people offered to help in one way or the other. Among them was the CEO of Tesla Elon Musk who offered to build a kid-sized submarine that could go straight into the cave and rescue the team. Little did he know his good gesture would end up so badly as he ended up insulting a British diver who helped rescue the boys a pedophile. That insult caused Tesla share to drop heavily causing the company $2 Billion. Share holders had to force Elon Musk to apologize and delete the insulting Tweets which he did.

5. Amazon $100 million



Amazon organized its biggest sale event of the year The Amazon Prime Day, shortly after the website experienced glitches and downtime to the extent that it could not make a single sale for over 1 hour. Although the company eventually fixed the errors, the downtime caused Amazon to lose over $100 million according to Business Insider .

SOURCE:https://techcapon.com/tech-giants-who-suffered-huge-losses-in-july-2018/

If what happened to Facebook had happened to Dangote na to close shop go do herdsmen

One day!!! A Nigerian brand will become a Tech company will global reach. I believe

Alphafeezay:
One day!!! A Nigerian brand will become a Tech company will global reach. I believe

that's my prayer everyday. Initially I thought Andela could do it, but not really.

Alphafeezay:
One day!!! A Nigerian brand will become a Tech company will global reach. I believe

We don hear

Facebook is loosing a real lot of money

Jimmyonyi:
Facebook is loosing a real lot of money

very seriously. It's beginning to cause serious panic among investors

We Thank Great One of KiVuKLand that our Sacred Ancient HandBook is not affected

Gyarbonka

MrBONE2:
We Thank Great One of KiVuKLand that our Sacred Ancient HandBook is not affected

Gyarbonka

which one is our ancient handbook?

Budgets of many countries

Jimmyonyi:
Facebook is loosing a real lot of money

...losing...

Mark lost heavily bcs of data breaches in cambridge analytical scandal.

Just an action/event can make or mar person/firm

Such is life!!!

TechCapon:
that's my prayer everyday. Initially I thought Andela could do it, but not really.

I think Andela is Just 4 years old.
With what Andela has achieved so far, I believe Andela can and will do it.

TechCapon:
TechCapon



The month of July happens to be a very bad month for many tech giants and I’m very sure almost all the affected companies can’t wait for the month to just go away forever. The loss they incurred was huge and massive, running into billions and billions of dollars. From Facebook, to Google, Amazon, etc all suffered one bad fate or the other that had wiped billions of dollars of clean off. As for Facebook, it was the worst month ever as the tech giant was facing attacks from all angles ranging from data leaks, accusations of allowing the spread of fake news, law suits etc but one thing we know for sure is they will bounce back.

1.FACEBOOK $120 billion (Biggest loss in US history)



It was a monstrous disaster, Facebook lost as much as 23 percent of it’s shares in the largest single day loss ever recorded in the history of the United States. As for Mark Zuckerberg who is the highest shareholder, he lost almost $17B of his personal fortune, a loss than would have sent Africa’s richest man Dangote packing straight to his village.

2. GOOGLE $5 billion



I know this is not as bad as that of Facebook but it’s still bad. The European union slammed Google with a record $5 billion fine for abusing it’s Android OS and other unfair practices such as forcing phone makers to install Google Apps like Chrome, YouTube, etc and destroying competition. Google is however appealing the fine but from all indication, they might end up paying up thereby putting a $5 billion hole in their pockets.

3. TWITTER $5 billion



Twitter began a massive clampdown on fake, suspicious and dormant accounts, deleting almost 70 million accounts and causing a drop of 1 million users following its action to delete fake and offensive accounts. This move caused the shares of Twitter to plunge by 20%, as a result $5bn (£3.8bn) has been wiped off the market value of Twitter. Donald Trump himself is not helping matters as he has been using Twitter to threaten other countries.

4. TESLA $2 billion



The Thailand football team stuck inside a flooded cave generated a lot of attention all over the world and most people offered to help in one way or the other. Among them was the CEO of Tesla Elon Musk who offered to build a kid-sized submarine that could go straight into the cave and rescue the team. Little did he know his good gesture would end up so badly as he ended up insulting a British diver who helped rescue the boys a pedophile. That insult caused Tesla share to drop heavily causing the company $2 Billion. Share holders had to force Elon Musk to apologize and delete the insulting Tweets which he did.

5. Amazon $100 million



Amazon organized its biggest sale event of the year The Amazon Prime Day, shortly after the website experienced glitches and downtime to the extent that it could not make a single sale for over 1 hour. Although the company eventually fixed the errors, the downtime caused Amazon to lose over $100 million according to Business Insider .

SOURCE:https://techcapon.com/tech-giants-who-suffered-huge-losses-in-july-2018/

What has Donald Trump's using Twitter to attack other countries got to do with Twitter's financial loses?

Those monies are 2 much biko! especially facebook.

Wow.. Sharing of fake info.

No wonder drunk scripted it clearly 'every Nairaland is responsible for his/her post'

Chai! If this is true. I will say, Facebook rugged oooo.

Cheap Samsung phones. Check my signature.

Wow.. Sharing of fake info.

No wonder Seun scripted it clearly 'every Nairalander is responsible for his/her post'

GrammarNazi1:
...losing...

it is actually loosing bc many fb addict r being freed

Facebook lost $120b but the owner is not worth up to $90b.
This lie wasn't fabricated well.

Facebook No. 1

PM me to top up your AdSense earnings. NOT free!

Alphafeezay:
One day!!! A Nigerian brand will become a Tech company will global reach. I believe

Those American entrepreneurs didn't just pray and believe, like Nigerians do. They worked at it. They demanded better governance from their leaders. They researched. They developed.

Mankosi:
Facebook lost $120b but the owner is not worth up to $90b.
This lie wasn't fabricated well.

No. It's not a lie. Facebook is much bigger than and worths much more than Mark Zuckerberg personal account. It's not just Mark's money there, but investors invested money in Facebook.

MrBONE2:
We Thank Great One of KiVuKLand that our Sacred Ancient HandBook is not affected

Gyarbonka

Mr bones! this is your prince... thanks the Great one I've found you.

Mankosi:
Facebook lost $120b but the owner is not worth up to $90b.
This lie wasn't fabricated well.

delete this immediately

PrymChois:
Wow.. Sharing of fake info.

No wonder Seun scripted it clearly 'every Nairalander is responsible for his/her post'

what's fake here, all these are mainstream news

Neminc:

What has Donald Trump's using Twitter to attack other countries got to do with Twitter's financial loses?

Trump attacked China, Iran and North Korea on twitter. Those nations could OR had blocked twitter among their citizens.

TechCapon:
which one is our ancient handbook?

Mark's loss was in paper only and he will recover with time. Do not make it sound like it was a business loss by saying it will send Dangote to the village.

zzzzy:
what's fake here, all these are mainstream news

zzzzy:
delete this immediately

lanre316:


No. It's not a lie. Facebook is much bigger than and worths much more than Mark Zuckerberg personal account. It's not just Mark's money there, but investors invested money in Facebook.

Guys don't waste your time replying posts from ignorant folks.

MicheyJ1:
If what happened to Facebook had happened to Dangote na to close shop go do herdsmen

I'm telling u..na to come they sell okrika for kantogowa market..���

Mankosi:
Facebook lost $120b but the owner is not worth up to $90b.
This lie wasn't fabricated well.

Nna u don't just wag yourself in the public like that.
The op even reduced the amount. to $120b.
Financial times reported $123b.

TechCapon:
that's my prayer everyday. Initially I thought Andela could do it, but not really.

I'll like to know why you think Andela may not be able to. I think they are the only ones poised to do so.