Wednesday, 22 June 2016

Facebook shareholders approve proposal to give company's 'supreme control' to Mark Zuckerberg.

Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company he founded.
The company's plan to issue two "Class C" shares for each Class A and Class B share held by shareholders, in what is effectively a 3-for-1 stock split, was approved by Facebook shareholders at the company's annual general meeting on Monday.

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The Class C shares will be publicly traded under a new symbol.

Zuckerberg said in December that he intended to put 99% of his Facebook shares into a new philanthropy project focusing on human potential and equality.



The creation of the Class C shares would allow Zuckerberg to sell the non-voting stock, but keep the voting Class A and Class B shares that would let him retain control of Facebook.

Zuckerberg plans on running Facebook "for a very long time", the 32 year-old CEO told shareholders at a Q&A session at the AGM.
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Shareholders also approved the continued tenure of all the eight board members, including billionaire investor Peter Thiel, who were up for re-election.
Facebook announced the plan to create the new class of non-voting shares on April 27. The approval of the plan was virtually certain since Zuckerberg controls the company.

Meet Maxwell, Nasa's newest X-plane with 14 electric motors.

Back in February, Nasa announced that it intends to bring back the X-planes, a series of experimental aircraft designed to test out new technologies that dates back to the first plane to break the sound barrier in 1947. Now the newest member of the family, dubbed the X-57, has been revealed. With 14 electric motors driving 14 propellors, the X-57 is designed to test greener propulsion technologies.
Nicknamed "Maxwell", the X-57 is the first X-plane that Nasa has designated in a decade, and it marks the beginning of New Aviation Horizons, a 10-year initiative that aims to kickstart the general aviation industry's adoption of technologies that reduce fuel consumption, emissions and noise pollution.

Each of Maxwell's specially-designed wings will have seven propellors, each powered by their own electric motor. All up that's 14 propellors and 14 electric motors, 12 of which are positioned on the leading edge of the wings and will be used for taking off and landing, while a larger motor at each wing tip will be used at cruising altitude. That's a total of six motors less than the original HEIST wing design it appears to be based on.





The prototype's key mission is to demonstrate the energy efficiency of electric motors, specifically how spreading the power among multiple motors could allow the plane to consume just one-fifth of the energy that a normal private plane would while cruising at 175 mph (282 km/h
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Other benefits of the X-57 include the elimination of carbon emissions thanks to battery power, and as a result, decreasing the demand for the lead-based fuels which are still common in the aviation industry. The increased efficiency is predicted to reduce the operational cost by as much as 40% for small aircraft, and since the fuel consumption associated with flying at higher speeds will be negated, flight times may be shortened. And of course, quieter electric motors means less noise for people on the ground.
Maxwell is named after James Clerk Maxwell, the 19th century Scottish physicist famous for his research into electromagnetism. To build the prototype, Nasa's Scalable Convergent Electric Propulsion Technology Operations Research (Sceptor) project will modify a Tecnam P2006T light aircraft, as part of a four-year flight demonstrator plan.
The X-57 will eventually be joined by up to five larger, transport-scale X-planes, which will also be designed to test greener technologies and speed their introduction into the marketplace.

Apple Macbook Pro is coming, here's the biggest proof.


Apple has not yet confirmed anything regarding its long-rumoured Macbook Pro devices that are supposed to feature an OLED control panel above the keyboard. However, the company has reportedly already started making space for them at its retail stores in the US.

According to multiple online reports, Apple has started clearing its retail stores of the 13-inch non-Retina Macbook Pro laptops. Some online websites add that Apple has been clearing space at several of its US stores since during the past one week, which hints that the company is gearing to bring the rumoured devices soon.





It has also been mentioned that. while the 13-inch non-Retina Macbook Pro laptops are still in stock to buy at majority of the stores, Apple is not keeping it out for users to try in person.