Hashtag Trends Sept. 21 – New York City is offering free broadband to residents of public housing. Mark Zuckerberg and his expensive metaverse.Floppy disks and the airline industry

New York City offers free internet and cable service to residents of public housing, the Metaverse costs Mark Zuckerberg, and the airline industry still uses floppy disks.

Welcome to hashtag trending. Wednesday, September 21st, this is Tom Li, your host.

New York City has partnered with two Internet service providers to provide free Internet and cable TV service to approximately 300,000 public housing residents. Dubbed “Big Apple Connect,” the program aims to bridge the connectivity gap between wealthy residents and low-income residents.According to an article by bloombergAn estimated 30% to 40% of people living in buildings managed by the New York City Housing Authority (NYCHA) do not have broadband access. The city plans to have the service available in over 200 public housing units by the end of 2023. Under his three-year contract with the provider, New York City will cover costs of approximately $30 per household. The city is currently in talks with Verizon Communications to plan to participate in the program.

sauce: bloomberg

Mark Zuckerberg’s investment in the Metaverse has cost a lot of money. His fortune has shrunk by about half, dropping him $71 billion so far this year. At $56 billion, his net worth ranks 20th among billionaires in the world, his lowest position since 2014. Last year, Zuckerbeg was worth $142 billion in September 2021 when the company’s stock hit $382. In October, Zuckerberg rebranded the company by introducing Meta, renaming it from Facebook. In February, the company revealed that monthly Facebook users weren’t growing, triggering a historic collapse in its stock price and slashing Zuckerberg’s fortune by $31 billion. Analysts say the company’s investment in the metaverse could result in more financial losses due to recent problems such as low engagement on Instagram’s Reels feature and a low stock price.

sauce: bloomberg

Tom Persky, founder of floppydisk.com, a website that sells and recycles floppy disks, has revealed that the airline industry is one of his biggest customers. In his new book, he says his biggest customers are industrial users. “These are the people who use floppy disks as a way to get information going in and out of the machine. Imagine it’s 1990 and you’re building some kind of big industrial machine, and you want it to last 50 years.” You want to design and use the best technology available.” He notes that about half the world’s air fleet is now over 20 years old, and some avionics still use floppy disks. I added that there are He also said that even the medical department still uses floppy disks.

sauce: business insider

The Taliban have announced they will soon ban PUBG, video game series, and TikTok. The reason for this ban is because of violent content in these apps. PUBG and TikTok promote violent activity, according to the Taliban. The Taliban’s ban on PUBG and TikTok was carried out by Afghanistan’s Ministry of Telecommunications, which after a joint meeting told the country’s telecommunications and internet service providers that within the next three months, he would approve both PUBG and TikTok. ordered to ban

sauce: India today

That’s all the tech news trending right now. Hashtag Trending is part of the ITWC Podcast network. Add us to your Alexa Flash Briefing or Google Home Daily Briefing. Sign up for the Daily IT Wire newsletter to get all the important news straight to your inbox every day. Also, check out the next episode of Hashtag Tendances, our weekly Hashtag Trending episode in French, which airs every Thursday morning. If you have any suggestions or tips, let us know in the comments or email us. Thanks for listening, I’m Tom Lee.