How dual-class shares will help London attract tech IPOs July 1, 2024 The FCA has made plenty of mistakes, but they are right about dual class share structures — these will encourage new listings and tackle the London Stock Exchange’s persistent short-termism, says Daniel Valentine The Financial Conduct Authority is preparing reforms to the listing regime of the London Stock Market which have been described as “the [...]
Post-Brexit rules for big tech give almost boundless power to the competition watchdog August 7, 2023 Post-Brexit rules for big tech were designed to allow more competition, but they effectively hand the reins to the Competition and Markets Authority without enough checks and balances, writes Liza Lovdahl Gormsen.
The CMA’s showdown with Facebook over Giphy foreshadows a crackdown December 3, 2021 You probably don’t think of GIFs and think of showdowns with tech giants. Mostly, these short clips decorate people’s texts and social media profiles. Now, they are at the forefront of regulators’ efforts to rein in big tech. On Tuesday, the UK’s competition regulator – the Competition and Markets Authority (CMA) – told Facebook (now [...]
Davos 2024: Who will (and won’t) be there? What’s on the agenda? And how much does it cost? January 11, 2024 The latest World Economic Forum in Davos is set to kick off this Sunday, with the great-and-the-good paying thousands, by invitation-only, to be there. But why are they all going to Switzerland, what are they looking to achieve, and can anyone go? Fear not, we have all the answers. First and foremost where and what [...]
Whatsapp boss warns govt against changes to encryption in online safety September 28, 2022 The chief of Whatsapp has warned the government against making drastic changes to message encryption in the online safety bill. Speaking with the Financial Times, Will Cathcart said that there were other ways of protecting children on apps rather than threatening encryption and explained that any move to undermine security could endanger the government’s own [...]
Amazon: Tech giant to lay off 17,000 staff but boss Jassy remains confident January 5, 2023 Amazon layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human-resources organizations, he said. The cuts amount [...]
Musk sends remaining Twitter staff back to office November 10, 2022 Elon Musk has ordered all Twitter staff back into the office, ending an era of remote working for the social media firm. The new chief exec told employees in an email late on Wednesday that they would need to prepare for “difficult times ahead”, according to reports from Bloomberg. Musk had already made his views [...]
TikTok rides out wider advertising slowdown December 5, 2022 TikTok is expected to ride out the advertising slowdown, as the Chinese-owned social media titan becomes an outlier to the wider industry slowdown. According to a new report published by GroupM, the media buying agency owned by WPP, TikTok doubled its advertising revenue in 2022. “This has likely been another driver of the advertising deceleration [...]
Google’s Russian bank account seized as Big Tech crack down continues May 18, 2022 Russian authorities have seized Google's Russian bank account, making it impossible for its Russian office to function, the tech giant revealed today.
Facebook warns 50k accounts about cyber hackers December 19, 2021 Facebook has warned around 50,000 users that they may have been targeted by "cyber mercenaries", as the company tries to stop private companies hired by authoritarian countries to spy on people.