Nepal records 3, 175 new Covid-19 cases, 12 deaths on Thursday

Nepal logged 3, 175 new Covid-19 cases and 14 deaths on Thursday. 

With this, the country's active caseload mounted to 1,095,063. Similarly, the death toll has climbed to 11,778. 

According to the Ministry of Health and Population, 10,026 swab samples were tested in the RT-PCR method, of which 2,742 returned positive. Likewise, 2, 579 people underwent antigen tests, of which 422 tested positive.

The Ministry said that 8,723 infected people recovered from the disease in the last 24 hours.

As of today, there are 63,296 active cases in the country. 

The Ministry said that 887,443 infected people have recovered from the disease so far.

The Ministry said that 61,862 people are staying in home isolation while 1, 434 are in institutionalized isolation.

Meanwhile, the Kathmandu Valley reported 1,509 new cases today.

According to the Ministry, 1,249 cases are reported in Kathmandu, 183 in Lalitpur and 77 in Bhaktapur.

PSC to resume postponed exams from February 18

The exams of the Public Service Commission (PSC), which were postponed in view of the third wave of Covid-19, will resume from February 18.

A meeting of the PSC held on Thursday made the decision to this effect.

The PSC said that the written exams of undersecretary, section officer and 7th, 8th and 9th levels of health service among others will be conducted from February 18.

 

Massive fire breaks out at shoe factory in Jhapa

A massive fire broke out at the SS Shoe factory at Bhurmeli Tole in Kakadbhitta of Mechinagar-6, Jhapa on Thursday. 

The fire that broke out at the factory of Shyam Tamang has not been taken under control yet. 

A team under the command of DSP of the Area Police Office, Kakadbhitta has been deployed to extinguish the fire. 

The fire engines from Birtamod and Bhadrapur Municipality are helping the police personnel to douse the flame. 

DSP Basanta Pathak of the District Police Office, Jhapa said that the reason behind the fire is yet to be established.

Facebook: Daily active users fall for first time in 18-year history

Social media giant Facebook has seen its daily active users (DAUs) drop for the first time in its 18-year history.

Facebook's parent company Meta Networks says DAUs fell to 1.929bn in the three months to the end of December, compared to 1.930bn in the previous quarter.

The firm also warned of slowing revenue growth in the face of competition from rivals like TikTok and YouTube, while advertisers are also cutting spending.

Meta's shares slumped by more than 20% in after-hours trading in New York.

The slide in Meta's share price wiped around $200bn (£147.5bn) off the company's stock market value.

Shares in other social media platforms, including Twitter, Snap and Pinterest, also fell sharply in extended trading.

Chief executive Mark Zuckerberg said the firm's sales growth had been hurt as audiences, especially younger users, had left for rivals. 

Meta, which owns the world's second biggest digital advertising platform after Google, also said it had been hit by privacy changes on Apple's operating system.

The changes have made it harder for brands to target and measure their advertising on Facebook and Instagram and could have an impact "in the order of $10 billion" for this year, according to Meta's chief financial officer Dave Wehner.

Meta's total revenue, the bulk of which comes from advertising sales, rose to $33.67bn in the period, narrowly beating market predictions.

It also forecast revenues of between $27bn to $29bn for the next quarter, which is lower than analysts had expected.

While the company has been making its own investments in video to compete with TikTok -owned by Chinese tech giant ByteDance - it makes less money from those offerings than its traditional Facebook and Instagram feeds.

Mr Zuckerberg said he was confident the investments in video and virtual reality would pay off, as previous bets on mobile advertising and Instagram stories have.

But, he noted, the firm didn't have to contend with a major rival during previous shifts in strategy.

"The teams are executing quite well and the product is growing very quickly," he said. "The thing that is somewhat unique here is that TikTok is so big a competitor already and also continues to grow at quite a fast rate."

Meta on the wane? 

Facebook has always been a platform that grows. 

For every quarter in its existence the global numbers have been in one direction.

Yet in the last few years, growth has stalled in Europe and US. That was masked by rises in users from the rest of the world.

Facebook just isn't as popular with younger people as it was. By its own admission, TikTok is hurting business. 

But there are other reasons too that investors are worried about Meta. 

Meta changed its name because it wanted to focus on the Metaverse. But Meta is nowhere near building a Metaverse yet, it's a pipedream at the moment. 

Instead it is pumping billions of dollars into trying to create one - all because Mark Zuckerberg thinks there's an appetite for it - a huge risk. 

Perhaps the answer to Meta's immediate problems would be to buy TikTok? Well US regulators would never allow that due to anti-competition laws. 

And Facebook is now seen by many in Silicon Valley as a poisonous brand. It's certainly not a cool place to work in the same way it was say ten years ago. 

That makes attracting talent more difficult. 

Meta has some serious problems going forward. This milestone could be just the beginning.