Win for Facebook: Judge orders UK competition watchdog to revisit Meta Giphy sale July 18, 2022 Judges have called on the UK competition watchdog to revisit its ruling on the Competition and Markets Authority's (CMA) ruling that Meta should sell Giphy.
Meta takes on UK watchdog in £249m competition row over Giphy tie-up April 26, 2022 Facebook's parent firm Meta has started the appeal process against the UK's decision to block its tie-up with Giphy for $315m (£249m).
Zuck Bucks coming next month: Facebook’s Meta plotting its own money offering via crypto launch, NFTs and small business loans April 12, 2022 Meta, the owner of social media giant Facebook, is plotting to bring its own digital currency to the market, Zuck Bucks, named after its founder Mark Zuckerberg. In addition, the company is reportedly also looking to launch a number of traditional banking services, such as providing small business loans. Zuck Bucks will not be a [...]
Let’s be honest, we’re going to kill our efforts to tempt in more tech investment September 21, 2023 Rishi Sunak's efforts to make Britain a science superpower thriving with tech investment could all be for nought with new digital markets rules.
Musk’s Twitter takeover and the FTX collapse should end the founder cult November 22, 2022 Few would disagree that entrepreneurs and the companies they create are an essential part of any successful economy. Nevertheless, today’s excessive levels of founder adulation – call it the cult of the founder – are proving damaging in ways that are plain to see, from Elon Musk’s takeover of Twitter and the spectacular collapse of [...]
Instagram teams up with London ID firm Yoti to test age verification feature June 23, 2022 Instagram have teamed up with London-based startup Yoti to test a new age verification feature for 18 and over accounts.
Crypto market volatility plunges amid widespread accumulation phase November 7, 2022 Data from CryptoCompare shows that the price of Bitcoin moved up slightly over the past week.
Explainer: What’s wrong with music streaming? January 31, 2023 Today is another rough day for tech. Streaming giant Spotify suffered significant losses in the last quarter, despite a rise in subscribers. Operating costs soared to 44 per cent after the platform made a mistake common in tech: expanding and hiring during the pandemic without thinking of long-term implications. This is not the first bad [...]
Letters: We need to talk about Elon October 11, 2022 [Re: Musk’s Twitter u-turn is the beginning rather than the end, October 5] So, after 6 months of throwing his toys out the pram, publicly criticising Twitter, and accusing the company of deliberately misleading their shareholders, Elon Musk has… bought Twitter. He appears unphased by public humiliation, and claims the acquisition will be an “accelerant” [...]
FCA urges Big Tech to crack down on fraud amid rise in unauthorised firms February 8, 2024 The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.