Ex lead on Facebook’s failed crypto project resurfaces with Bitcoin start-up May 20, 2022 Facebook's former crypto project chief – David Marcus – has resurfaced to head-up a Bitcoin start-up called Lightspark.
Investors hope for US jobs market slowdown to appease Federal Reserve November 27, 2022 Signs of a further slowdown in the US jobs market convincing the Federal Reserve to slow its interest rate hike cycle will top investors’ wish list this week. London’s FTSE 100 index notched a decent showing last week, climbing 1.37 per cent to close at 7,486.67 points, while the domestically-focused mid-cap FTSE 250 index rose [...]
Lastminute.com: CEO and COO arrested over covid fund misuse claims July 25, 2022 Lastminute.com has appointed an interim CEO following the dramatic arrest of its two directors in Switzerland. The online travel company was rocked on Monday when Fabio Cannavale (CEO) and Andrea Bertoli (COO) were held by Swiss authorities, under investigation for allegedly misusing Covid support funds. In a statement issued on Monday, the company said it [...]
The big beasts of banking, supermarkets and tech are behind our productivity slump July 20, 2023 Big monopolies stifle innovation through their total control of market power and patents. We need to break this vicious cycle if we want our productivity back, writes Paul Ormerod
Advertising cuts continue to sting Snapchat October 21, 2022 Snapchat’s growth continued to plateau this quarter as the advertising slump continues for the social media company. Falling well below most Wall Street estimates, Snap’s said revenue climbed a humble six per cent to $1,13bn, while net losses widened from $72m to $360m. Adjusted earnings before interest, taxes, depreciation, and amortisation was $73m, compared to [...]
Planet Crypto: Half-man half-robot Zuckerberg creating post-AI jobs May 12, 2023 The givers of giggles at Planet Crypto have had their colouring pencils out again - and they're aimed directly at a Mark Zuckerberg bot.
A ‘spy clause’ to break encrypted texts while preserving privacy is still a dream September 11, 2023 After years of wrangling, the Online Safety Bill is still caught on impractical plans to break through end-to-end encrypted messages like WhatsApp, writes Eliot Wilson
WhatsApp forced to revise privacy policy for Europe after record £190m fine November 22, 2021 Whatsapp will change its privacy policy in Europe following a giant fine by the Irish data protection watchdog earlier this year, according to reports.
Australia’s richest man files lawsuit against Facebook over scam ads February 3, 2022 Facebook is in hot water once again after an Australian billionaire launched legal proceedings against parent company Meta. Iron ore magnate Andrew Forrest today confirmed the launch of criminal proceedings against Meta in an Australian court, alleging that it breached anti-money laundering laws and let its platform be used to scam Australians. The Fortescue metals [...]
Explainer: Rishi Sunak’s fight against the fraudsters robbing Britain May 3, 2023 Fraud is now the most common crime in Britain. Whether it’s done via call, text or online, it constitutes 41 per cent of all offences committed. We used to think fraud was a danger purely for older and vulnerable people, until we all started falling for it. Criminals have become so skilled at impersonating banks, [...]