Meta Materials’ stock rockets as Facebook reveals new name October 29, 2021 Facebook may have unveiled its new identity at a glitzy event yesterday, but shares of a lesser-known Canadian industrial materials company surged in an apparent case of mistaken identity.
Miniclip CEO: ‘We’ve always followed where the players go, and the players are going to mobile’ November 1, 2022 Miniclip, the platform behind 8 Ball Pool, has shuttered its website as gamers once knew it, as the company follows consumers off desktops and into pockets. Speaking to City A.M., CEO Saad Choudri explained that the rise of mobile gaming left it a no-brainer for the company to step away from browser-based entertainment despite its [...]
As Meta appeals the CMA’s slap down over the Giphy acquisition, we must steer clear of watchdog intervention December 26, 2021 It seems to have become accepted wisdom that big tech firms are too dominant and need to be broken up and regulated. This a narrative spun by a belief that bias from Silicon Valley creates unbalanced debate; it is also, generally speaking, the view of the elite – amongst many academics and the leadership of [...]
Regulators are playing catch up with digital finance, EU watchdogs warn February 7, 2022 European Union banking watchdogs have warned today that regulation is playing catch up with digital finance as social media platforms and ‘Big tech’ firms increasingly move into the space.
Hello Meta: Zuckerberg announces Facebook’s new name – CityAM : CityAM October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
If the metaverse is the future, what does it hold hold for sport? April 26, 2022 Since Facebook rebranded to Meta last year, barely a day passes without a new capital raise, brand launch or futures fund for the metaverse, but what exactly is it and what does it mean for sport and its biggest stars? Despite the metaverse being a relatively recent term, it’s clear a new virtual reality is [...]
WhatsApp down globally, 40m Brits and hundreds of millions impacted around the world October 25, 2022 Meta-owned messaging app WhatsApp went down for over an hour this morning in dozens of countries around the world, including the UK, Netherlands, Germany, Italy, Malaysia, Kenya, India, France and most of the United States and Canada. City A.M. can confirm that the outage was for both personal chats as well as group chats and hundreds [...]
US climate-tech startup plants dual HQ in London in a bid to woo Europe April 6, 2022 US climate-tech startup Watershed has planted a dual headquarters in London, in a bid to woo Europe. The San Francisco-based firm, backed by former US vice president Al Gore, has already partnered with tech heavyweights such as Klarna, Monzo, Wise and Revolut. Watershed, a software platform that helps companies with their net-zero emissions targets, has [...]
UK competition watchdog directs Facebook to sell Giphy November 30, 2021 The Competition and Markets Authority (CMA) has today concluded that Facebook’s acquisition of Giphy would reduce competition between social media platforms and that the deal has already removed Giphy as a potential challenger in the display advertising market.
Representation in politics and media creates opportunities for a generation October 26, 2022 A few weeks ago, many of us were woken up by a curious occurrence: the presenters of BBC Radio 4 Today discussing their fellow presenter – Amol Rajan’s – challenge to the BBC Director General on accent bias among BBC News presenters. Whilst the conversation was all quite meta – with a small “m”- it [...]