Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)
Want to buy an NFT with eToro? Here’s how December 29, 2021 Although thousands of non-fungible tokens (NFTs) are sold every day, buying your first one can be confusing. In this quick guide, we break down how to buy an NFT using eToro, MetaMask, and OpenSea in five simple steps. Overview Buy Ethereum on eToro Download MetaMask Send Ethereum to MetaMask Connect to an NFT marketplace Buy [...]
Ex-Meta staff raise $200m for new crypto venture March 16, 2022 Former Meta staffers have created a $1bn crypto startup from the ashes of Diem, the abortive stablecoin project shut down earlier this year.
Facebook fails to block antitrust lawsuit over WhatsApp and Instagram ownership January 12, 2022 Meta faces another blow as it loses its attempt to dismiss a US Federal Trade Commission (FTC) antitrust lawsuit, which could force it has to sell WhatsApp and Instagram.
Govt boots legal but harmful provision from online safety bill November 28, 2022 The “legal but harmful” provision has been formally scrapped from the online safety bill, in a push to water down moderation and put greater focus on free speech protection. The provision, which would have allowed tech firms to remove content that wasn’t actually illegal, sparked controversy across free speech advocates raising concerns around overcensorship. However, [...]
Paid-for blue ticks and tiny tweaks won’t make Musk’s Twitter profitable January 27, 2023 Tech companies have made massive layoffs as a looming recession dents their bottom lines. At the same time, Elon Musk is trying to prove he can make Twitter profitable, writes Andrew Brown In April last year, Elon Musk created an earthquake by becoming Twitter’s largest shareholder after acquiring a 9.2 per cent stake in the [...]
City A.M. tech and media awards 2023: blunders, board battles and the cage fight that got away December 29, 2023 Welcome to the inaugural City A.M. tech and media awards, where we look back on the best, the worst and the weirdest moments of the year.
From a fad to functional tech – a reappraisal of NFTs April 17, 2023 Chloe Markowicz, editor of Contagious, looks at the scorn attracted by NFTs, but argues the game is from over for non-fungible tokens.
Clegg banks £10m bonus following Meta promotion March 17, 2022 Sir Nick Clegg bags a £10m bonus after taking Meta top spot as the president of global affairs alongside Mark Zuckerberg. According to Bloomberg, the former deputy prime minister raked in a stock package worth $12.3m (£9.4m), which comes on top of his annual salary at Facebook’s parent company. Clegg’s salary is reportedly £2.7m, and this [...]
Snap culls workforce by a fifth as firm scrambles for revenue growth August 31, 2022 Snap confirmed that it would be cutting its 6,500-strong workforce by a fifth as it struggles to ride the advertising slump.