Mark Zuckerberg added $4bn to his fortune thanks to Facebook earnings sending stock soaring April 28, 2016 Facebook founder and chief executive Mark Zuckerberg has increased his wealth by a healthy $4.7bn (£3.2bn), despite taking home just a $1 salary. The social network's latest earnings pleased investors, sending stock soaring nearly 10 per cent and helping Zuckerberg add billions to his wealth. The additional cash in the bank (well, shares) helped the [...]
Want to talk to a random Swede? There’s an app for that April 8, 2016 Sweden has become the first country to launch its own phone number, allowing people from anywhere in the world to pick up the phone and be connected to a random Swede in a matter of seconds. In its latest PR stunt, the country’s tourism board has recruited thousands of Swedish volunteers to answer phones day [...]
Millennials told they should be saving £800 a month if they want a £30,000 a year income when they retire; millennials react with Kanye jokes and cat gifs February 16, 2016 Millennials are having a hard enough time saving up for a deposit on a house: now they're being told they should be putting £800 aside each month for their retirement. That's the amount that Rebecca Taylor, director at the Chartered Institute for Securities and Investments, has said 25-year olds should be averaging every month for the [...]
Tidal: Jay Z, Kanye West and co herald “new world” of music streaming March 30, 2015 The course of music history has been changed forever. At least that's what we were told at the official launch of Jay Z's newly-acquired music streaming service which aims to put artists back in control of how their music sounds and sells. At a New York press conference a self-serious and triumphant gathering of some [...]
SoundCloud founder: Music streaming isn’t “winners take all” market as it launches Go subscription and ad supported free services to take on Apple Music and Spotify May 3, 2016 SoundCloud has said it believes there is plenty of room in the competitive world of music streaming for different platforms as the company launches its paid for subscription service, SoundCloud Go, in the UK and Ireland just weeks after its US debut. Co-founder and technology chief Eric Wahlforss shook off suggestions that it faced stiff [...]
Moaning millennials? Generation Y just want a job they can enjoy February 17, 2016 Moaning millennials? Old geezers down the pub used to tell the younger generation: “You’ve never had it so good”. Nowadays I’d expect most millennials would spit their pint out laughing, assuming they can afford to pay £5 for a pint. So a report today, which suggested generation Y (those born after 1980) are the "whiniest workers", [...]
The year in Facebook: The UK general election, Labour leadership elections, and the Paris attacks December 9, 2015 There's been plenty to discuss on Facebook this year, from the Greek debt crisis to elections galore, and political debates and humanitarian disasters have dominated talk on the social networking site. The most talked about topic in the UK was the General Election in May this year, closely followed by the Labour leadership elections. The terrorist attacks [...]
On National Poetry Day, City A.M. turns its searing newswriting hand to something more artistic October 6, 2016 It's National Poetry Day – you may have seen – so while simultaneously reporting the biggest business stories and breaking news, City A.M. journalists have written a few lines of poetry to cover some of the major talking points in recent days. Vice reporter Francesca Washtell offers 'Sin Haiku': Booze, cigs, sugar, bets, Vice would seem to have it [...]
Spotify make alt-Glasto line-up June 28, 2015 THERE was a lot of controversy around this year’s Glastonbury line-up – and that was even before Kanye West’s defiant Saturday night performance on the main stage. While some were happy to see folkish singer Florence and the Machine replace the Foo Fighters to headline on Friday, others had petitioned against Kanye being there at [...]
Tidal chief executive is out: Peter Tonstad exits as boss of Jay Z’s music streaming service June 23, 2015 The boss of Jay Z's fledgling music streaming service has left after less than three months in charge. The company which was launched by the music superstar in March with backing from fellow musicians such as Kanye West and Daft Punk, said Peter Tonstad was stepping down as interim chief executive in a statement. "Current executives [...]