The Choice – Tekedia Atlantic University (TAU)

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November 7, 2022

Good People, we’re working at elevating Tekedia Institute to a full university. After the voting in LinkedIn, we are going with Tekedia Atlantic University (TAU). TAU will serve the world with a vision “to discover and make scholars noble, bright and useful”. “Tekedia” represents the new world, anchored on the promises of tomorrow. “Atlantic” connects the nativity of Africa’s deep knowledge wealth – like the oceans, knowledge will abound in this university, to inspire and advance people, communities and nations.

Our aspiration is that TAU will prepare scholars to cushion the RISE Of ALL, and not just a few, with dignity, honour and service, where unconstrained individual excellence will unleash unbounded opportunities and abundance in communities.

It will be a hybrid university in our licensing structure. There will be a physical campus but with a big online component. Our vision is to have a “farm” where startups will make homes just as MIT does in America. When I worked in Analog Devices in the Boston area, I was inspired that the company was situated inside a university (MIT). I was the global lead ASIC designer and engineered a generation-accelerometer used in the iPhone. When I moved to Carnegie Mellon University, I was inspired that Uber, etc literally have offices within the university. TAU will mirror those models; companies will live in our campus.

Our sister company, Tekedia Capital, which invests in startups will provide a vehicle to build those assets; we have invested in more than 60 companies in 4 continents. We will have invested endowments so that school fees will not be the main source of revenue. I want to see our investments in innovations cushion our capacity to be relevant. I am very excited on the promises of the #future. And together, we RISE!

Name Choice

We think TAU is better than Tekedia University (it adds “maturity” to the name) and First Atlantic University (it is more differentiated and retains our Tekedia Institute native brand). Thanks everyone for the inputs.

Original Post

Good People, we are planning Phase 2 of our school. And I want to reach out to our community as we begin the playbook. Between these two names, which one would you prefer to have on your certificate:

#1 Tekedia University
#2 First Atlantic University
# Tekedia Atlantic University

In other words, what sounds great to reflect the nativity of a school that would become a temple for the mastery of Africa’s entrepreneurial capitalism, technical know-how, scientific excellence, etc under a vision: “to discover and make scholars noble, bright, and useful”.

Comment on Feed

Comment: The name is perfect! My question is would there be an online classroom for people who can’t travel down? Really interested in this

My Response: Yes, It will be a hybrid university in our licensing structure. There will be a physical campus but with a big online component. Our vision is to have a “farm” where startups will make home just as MIT does. When I worked in Analog Devices in the Boston area, I was inspired that the company was situated inside MIT. That design inspired me throughout my time in ADI. When I moved to Carnegie Mellon University, I was inspired that Uber, etc literally have offices in the school. TAU will mirror those models.

Our sister company, Tekedia Capital, which invests in startups will ramp up the process. We also want to have invested endowments so that school fees will not be the main source of revenue. I want to see our investments in innovations cushion our capacity to be relevant.

https://www.tekedia.com/forum/topic/can-we-create-a-new-university-together/?part=1#postid-5009

Meta (Facebook) Plans Large-Scale Layoff As Revenue And Share Price Decline

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Ojukwu Emmanuel

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November 7, 2022

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Following the plunge in Meta’s revenue, which saw it fall to the lowest since 2019, the company plans to lay off a large-scale of its employees.

In a report according to insider sources, Meta which witnessed a 24% fall in its shares price in October, disclosed that the massive lay-off of workers was necessary, and a possible retrenchment may begin as soon as possible.

While announcing Meta’s unimpressive third quarter (Q3) result with a revenue of $27.71 billion, the company’s CEO Mark Zuckerberg said that there would not be an increase in Meta’s staff by the end of 2023, which might even decrease slightly.

Facebook joins the likes of Twitter and Stripe which are recently laying off members of their workforce due to the global economic situation that is forcing them to downsize.

Since the start of the year 2022, Meta shares have been down by more than 61% due to fierce competition from rival video-sharing platform TikTok, plus a broad slowdown in online ad spending and challenges from Apple’s iOS privacy update.

The company’s CEO Mark Zuckerberg in July had signaled to employees of tough times ahead as the company was recording a massive decline in revenue and share price. He also told Meta’s employees that they should be prepared to do more work with fewer resources.

“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me. Realistically, there are probably a bunch of people at the company who shouldn’t be here,” he said.

The third quarter of 2022 was another disappointing three-month period for Meta, as the Facebook parent company posted revenue of $27.71 billion, a decline of 4% from $29.01 billion recorded in the third quarter of 2021.

The company’s disappointing quarter and weak outlook further underline the view that advertisers have been cutting back on spending as the overall economy battles with inflation, higher interest rates, and shifting consumer patterns.

The social media platform is also being negatively impacted by worsening macroeconomic headwinds, such as soaring inflation and worries about a possible recession. Meta had warned that the fourth quarter would be more of the same outcome as previous quarters, with a weaker-than-expected outlook.

The company expects the revenue for the fourth quarter to be $30 billion to $32.5 billion, while analysts have predicted sales of $32.2 billion. Meta’s CEO Mark Zuckerberg reiterated his commitment to spending billions of dollars developing the metaverse.

The company’s reality Labs unit, which is responsible for developing the virtual reality and related augmented reality technology that underpins its plans for the metaverse, has lost $9.4 billion so far this year.

“In 2023, we’re going to focus our investments on a small number of high-priority growth areas. So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size or even a slightly smaller organization than we are today” Zuckerberg said on the last earnings call in late October.

He further disclosed that he expects the metaverse investments to take about a decade to bear fruit. In the meantime, he has been forced to freeze hiring, cut the workforce, shutter projects and reorganize teams to trim costs.

The Lions’ Pride: How CEOs Project Strength and Navigate Corporate Politics

By

Tiamiyu Ismail

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November 7, 2022

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The Lion is at the top of its food chain: The Pride is usually its great leverage. A leader who says it is lonely at the top is only suffering from a deficiency in people’s development.

Continue

Dogecoin (DOGE), Chain (XCN) Are On The Downtrend Once Again – Why Experts Suggest Snowfall Protocol (SNW) Instead!

By

TI Partners

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November 7, 2022

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Cryptocurrencies are known for their volatility. Dogecoin (DOGE) and Chain (XCN) are two examples of this.

Recently, both currencies have been on a downtrend, and there is no indication that this will change anytime soon. So why not switch to Snowfall Protocol (SNW)? Learn more here: https://snowfallprotocol.io

SNW is a new cryptocurrency that offers many advantages over Dogecoin (DOGE) and Chain (XCN). Keep reading to find out more!

Why You Should Avoid Dogecoin (DOGE) and Chain (XCN)

Dogecoin (DOGE) and Chain (XCN) are two popular cryptocurrencies. However, they have both been on a downtrend in recent months.

Dogecoin (DOGE) is down significantly since its all-time high and Chain (XCN) is struggling to maintain investors’ interest. This is because Dogecoin (DOGE) is a meme currency and Chain (XCN) is an altcoin that has been heavily overhyped.

Neither one offers anything unique or innovative. Dogecoin (DOGE) is simply a coin with no real purpose other than to be a joke currency. Chain (XCN) was supposed to be a new and improved blockchain but it doesn’t really do anything that other blockchains don’t already do.

What’s more, both Dogecoin (DOGE) and Chain (XCN) are facing serious competition from newer and better cryptocurrencies. Dogecoin (DOGE) is up against the likes of Shiba Inu (SHIB) and while Chain (XCN) is up against the likes of Aptos (APT) and other blockchain solutions.

Why Snowfall Protocol (SNW) Is A Better Choice!

Snowfall Protocol (SNW) is a new cryptocurrency that is quickly gaining popularity. SNW offers a unique cross-chain transfer ecosystem that allows users to swap assets across different chains. This includes both EVM and non-EVM-compatible chains.

This is similar to how the first trade route between China and Europe was established. By connecting different regions of the blockchain industry, SNW can offer a much-needed service in the cryptocurrency space.

What’s more, Snowfall Protocol (SNW) has already experienced significant growth. With its one-of-a-kind interoperability model, Snowfall Protocol (SNW) has seen a growth of over 140% at the start of its presale phase. Stage 1 is already sold out.

However, stage 2 began on November 2nd. Some experts are saying the cryptocurrency Snowfall Protocol (SNW) has the potential to grow by 5000% when it is launched.

Top market analysts predict that Snowfall Protocol (SNW) can be the next 1000x token. So, make sure to check out the links below because you don’t want to lose out on this opportunity!

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Presale: https://presale.snowfallprotocol.io

Twitter Recalling Some Fired Employees As Work Gets Tighter

By

Samuel Nwite

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November 6, 2022

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Elon Musk made a hasty decision to lay off half of Twitter’s employees, days after he completed his $44 billion acquisition of the company that now he is being forced to return some of the workers to their roles.

Bloomberg reports that Twitter is now reaching out to dozens of workers who were among the 3,700 fired late last week, asking them to return to work as they are needed to build new features Musk wants to introduce to the platform.

The report, which cites two people with knowledge of the matter, said some of the employees had been laid off before it was realized how much their experience is needed for Musk’s Twitter vision.

Twitter with roughly 7,500 employees had to cut about 3,700 of its workforce, following a claim by Musk that the platform is losing $4 million daily.

“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted on Friday.

The decision to lay them off has come with fierce criticism and some of the staff have initiated a class action lawsuit against Twitter.

Many of the sacked employees said they became aware of their situation after their access to company-wide systems, such as email and Slack, were suddenly denied when they woke the next day.

Musk has been criticized over how he is handling the social media company since he took over – firing firstly the executives and then others, including the ethical AI team, the communications team and the human rights organization – all deemed essential by advertisers. Ad buyers are concerned about Twitter direction since Musk’s takeover, especially as it relates to content moderation. And 75% of the sacked employees is said to be from the section of Twitter that moderates contents.

Most advertisers, including United Airlines, Pfizer and General Motors, have paused ads on Twitter, causing the company a massive loss in revenue.

Musk had claimed that the massive drop in revenue is as a result of “activists groups pressuring advertisers”, adding that “they’re trying to destroy free speech.”

In response to this, an advertiser, Lou Paskalis, told Musk: “Elon, Great chat yesterday, As you heard overwhelmingly from senior advertisers on the call, the issue concerning us all is content moderation and its impact on BRAND SAFETY/SUITABILITY. You say you’re committed to moderation, but you just laid off 75% of the moderation team!

“Advertisers are not being manipulated by activist groups, they are being compelled by established principles around the types of companies they can do business with. These principles include an assessment of the platforms commitment to brand safety and suitability.”

Musk rolled out a plan to Twitter Blue last week, by monetizing the verification. He put the price at $8 per month, riling up further controversy on the platform. The $8 per month verification check is believed to be an avenue he is trying to use to make up for the lost ad revenue.

The idea has been widely criticized and employees have expressed concern that the verification, which will be available for every user, may be used to, among other things, spread disinformation that will disrupt Tuesday’s midterm elections. The New York Times reported on Sunday that Twitter will delay changes to the check marks until after the elections.

Musk, pushing new products, including half the ads, the ability to post longer videos and get priority ranking in replies, mentions and searches, appears to have understood that the remaining close to 3,700 Twitter employees can’t get the job done. The people who spoke with Bloomberg said the employees have slept at the office in some cases as the push to meet new deadlines becomes tighter.

Musk has justified the monetization of the check marks. Besides his aim to generate revenue from it, he said on Sunday that “widespread verification will democratize journalism & empower the voice of the people.” He then warned that impersonation will no longer be tolerated in a clear attempt to allay concern that the idea will be exploited.

“Going forward, any Twitter handles engaging in impersonation without clearly specifying “parody” will be permanently suspended,” he said.

“Previously, we issued a warning before suspension, but now that we are rolling out widespread verification, there will be no warning. This will be clearly identified as a condition for signing up to Twitter Blue.”