Swapping Silicon Valley for Kings Cross: Nick Clegg becomes latest Meta boss to head to London August 3, 2022 London appears to be becoming the new Silicon Valley for Meta, as Facebook’s parent firm’s president of global affairs Nick Clegg makes his way back to the capital. The news comes just a day after the Financial Times leaked the fact that head of Instagram Adam Mosseri would be moving across the pond. It is understood [...]
Musk announces X/Twitter’s new AI tool: a sarcastic chatbot named Grok November 6, 2023 Grok will be able to scrape twitter / X, and have a 'rebellious streak,' Elon Musk said over the weekend as the AI race hots up
Meta will be forced to sell Giphy as the CMA falls for the dangerous myth of ‘big is bad’ October 25, 2022 . Regulators around the world are intent on breaking up the largest tech companies, and now they have a model that works — even if it's dangerously detached from reality.
Meta shares plummet as Wall Street tech bubble begins to burst February 3, 2022 Meta, the parent company of social media platforms Facebook and Instagram, said this evening it was expecting current-quarter revenue below Wall Street expectations, as Apple privacy features keeps businesses from opting to advertise on social media sites.
Meta struggles: Facebook, Instagram and WhatsApp owner’s profits halved October 27, 2022 Owner of Facebook, Instagram and WhatsApp, Meta, reported a fall in its revenue for the third quarter driven by plummeting ad revenue. The social media giant’s intake was four per cent down on last year’s third quarter, from £29bn to £27bn, while its costs and expenses were up almost 20 per cent. Income was down [...]
Musk’s one-year X reign: how shocking has it been? October 27, 2023 A year after Elon Musk's Twitter takeover, now 'X', the platform is still alive while rivals Mastodon and Threads are flailing behind.
Let’s be honest, the competition watchdog shouldn’t care about Meta buying Giphy October 20, 2022 On Tuesday, the Competition and Markets Authority (CMA) blocked Meta’s acquisition of Giphy, a gif search engine. This ruling risks undermining London’s status as the digital capital of Europe — threatening innovation, job creation and economic growth. And yet, they did it anyway. The CMA had two justifications for blocking the acquisition. The first was [...]
Child safety campaigners criticise Meta’s end-to-end encryption plans April 7, 2022 Child safety campaigners have criticised Meta’s recent research that makes the case for end-to-end encryption as a positive driver for human rights.
Elon Musk bought Twitter for $44bn – and it’s now worth less than half October 31, 2023 Twitter / X is now worth less than half what Elon Musk paid for it a year ago, the firm admitted in an internal memo yesterday
‘About a third’ of Facebook Marketplace listings could be scams, MPs told February 7, 2024 A director at TSB Bank has warned a group of top MPs that Facebook Marketplace and cryptocurrency investment are major breeding grounds for scams amid calls for Big Tech to take more responsibility for a wave of fraud on social media.