Why Mark Zuckerberg No Longer Needs Nick Clegg
Financial Express Mumbai|January 04, 2025
DURING THE 2010 UK election campaign, Nick Clegg, the leader of the Liberal Democrats, demonstrated the qualities his future boss, Mark Zuckerberg, would later need desperately.
Why Mark Zuckerberg No Longer Needs Nick Clegg

Participating in a live TV debate, Clegg turned opinion polls on their head by coming across as a mild-mannered but firm leader, a man who could convincingly articulate his policy positions with ease.

Britain would end up with a hung Parliament and a coalition government. Clegg became deputy prime minister under Tory leader David Cameron, an unexpected outcome for the leader of the country's third party, which diametrically opposed many Conservative positions. It was a tense relationship that put Cameron in power for six years but torpedoed the credibility of Clegg and his party. A chance to pick up stakes in 2018 and make for California, and to earn a paycheck the likes of which he had never seen, had obvious appeal.

The coalition between Clegg and Zuckerberg, the founder of Meta Platforms, proved far more successful, though it, too, is coming to an end, Clegg announced on Thursday. Nevertheless, Clegg's role has outlived its purpose as Meta contends with a new political landscape, one in which the company must instead turn to its highest-ranking Republican executive, Joel Kaplan, who joined Meta in 2011 and will succeed Clegg as president of global affairs.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS MUMBAIView all
Financial Express Mumbai

Lanka project not cancelled: Adani

TARIFF REVIEW PART OF STANDARD PROCESS: GROUP

time-read
1 min  |
January 25, 2025
Financial Express Mumbai

Equity indices report losses for third consecutive week

@Investor wealth shrinks by ₹9.2L cr over the week

time-read
1 min  |
January 25, 2025
Financial Express Mumbai

No tax liability on receiving money from NRI relative

@YOUR QUERIES: INCOME TAX

time-read
1 min  |
January 25, 2025
Financial Express Mumbai

ECB repayment turns dearer for India Inc as rupee falls

THE FALL IN the rupee's value is expected to increase the financial burden on Indian companies that have borrowed funds from overseas lenders.

time-read
3 mins  |
January 25, 2025
Financial Express Mumbai

Amul reduces milk prices by ₹1

GUJARAT COOPERATIVE MILK Marketing Federation (GCMMF), which markets dairy products under the Amul brand, has reduced milk prices by ₹1 per litre across India. However, the reduction in prices is only for one-litre packs.

time-read
1 min  |
January 25, 2025
Financial Express Mumbai

Roadster-ready, or scrambling for adventure?

SCRAM 440 vs GUERRILLA 450

time-read
1 min  |
January 25, 2025
Financial Express Mumbai

Flash PMI at 14-month low as services slump

The HSBC FLASH India Composite Output Index, or Flash PMI, fell to a 14-month low of 57.9 in January from 59.2 in December, due to weak expansion in services activity, a release by S&P Global said.

time-read
1 min  |
January 25, 2025
Financial Express Mumbai

Davos meet ends, leaders call for rule-based trading

The World Trade Organisation on Friday pitched for strengthening the rule based multilateral trading system in view of increasing geopolitical tensions, economic fragmentation and threats of unilateral measures.

time-read
1 min  |
January 25, 2025
Financial Express Mumbai

Al videos from China are coming for the world

CHINESE ARTIFICIAL INTELLIGENCE companies are laser-focused on closing the development gap with the US. Despite Washington's efforts to hold the industry back, it's proving it can stay competitive with Silicon Valley.

time-read
3 mins  |
January 25, 2025
Financial Express Mumbai

OpenAI faces another copyright case in India

INDIAN BOOK PUBLISHERS and their international counterparts have filed a copyright lawsuit against OpenAI in New Delhi, a representative said on Friday, the latest in a series of global cases seeking to stop the ChatGPT chatbot accessing proprietary content.

time-read
2 mins  |
January 25, 2025