Facebook braces for $5bn hit after privacy scandals April 25, 2019 An ongoing probe into a slew of data breaches at Facebook has left the social media giant braced for a financial hit of up to $5bn (£3.9bn) in fines and legal costs. The social media giant’s profit for the first three months of this year more than halved year-on-year to just $2.4bn, with earnings per [...]
Nike to move UK headquarters to new King’s Cross building April 23, 2019 Nike will move its UK headquarters from Soho to a new building in a major redevelopment in King’s Cross. The US firm has signed a deal to lease at least 60,000 square feet in an 11-storey block in the upcoming area, the Evening Standard reported. The company is currently headquartered on Wardour Street in Soho, [...]
Digital publishing revenues rise as video and display formats drive growth April 23, 2019 Digital publishing revenues rose almost seven per cent last year as publishers shift their focus towards video formats. Figures from the Association for Online Publishing (AOP) and Deloitte reveal UK revenues rose 6.8 per cent to £511.5m in 2018. Read more: Google hands out €500,000 for local publishers’ project The growth was driven largely by [...]
Tandem Bank scales up to Russell Square HQ April 23, 2019 Fast-growing digital bank Tandem has snapped up a new Bloomsbury HQ as it looks to double in size. Moving from King’s Cross, which has welcomed in the likes of tech giants such as Facebook and Sony over the last 12 months, Tandem is relocating to a 16,000 square foot (sq ft) office in Russell Square. Read [...]
Facebook permanently bans a dozen far-right groups and individuals including BNP, Britain First and English Defence League April 18, 2019 Facebook has permanently banned a dozen far-right groups and individuals, including the British National Party and its former leader Nick Griffin. The social media network imposed the bans today as part of its “dangerous individuals and organisations” policy. Read more: Facebook uploads email contacts of 1.5m new users in latest privacy blunder It comes amid [...]
Facebook admits uploading email contacts of 1.5m new users in latest privacy blunder April 18, 2019 Facebook has admitted it “unintentionally” uploaded the email address contacts of 1.5m new users since 2016 in the latest privacy misstep for the social media giant. The data scraping happened during the verification process for new accounts, when users were asked to supply their email address password and Facebook kept a copy of their address [...]
Microsoft Outlook and Hotmail accounts accessed by hackers April 15, 2019 Microsoft has admitted that hackers had access to some of its Outlook, Hotmail and MSN email accounts for at least three months. The software company would not say how many accounts were compromised in the breach that lasted from 1 January to 28 March. Hackers stole login credentials for a Microsoft customer support agent and [...]
Watchdog plans crackdown over children’s online safety April 15, 2019 Social media giants must limit their collection of personal data from children or face fines of up to £17m, the UK data watchdog has warned. The Information Commissioner’s Office will today open consultation on a code of practice which online platforms such as Facebook and Snap must meet in order to better protect children’s privacy. [...]
Nothing but the truth: Inside Facebook’s UK fact-checking war room April 15, 2019 The war against fake news on social media has been raging since 2016, though it wasn’t until January this year that Facebook decided to take its fight to the British shores. “If this is a war room, I don’t know who the generalissimo would be,” jokes Will Moy, director of the fact-checking charity Full Fact [...]
Facebook, Instagram and Whatsapp down across Europe for more than three hours April 14, 2019 Facebook, Instagram and Whatsapp left users frustrated today after going offline across the UK and Europe for more than three hours. The three social network giants, which are owned by Facebook, went down at about 11am, according to monitoring website Down Detector. Facebook is having issues since 6:36 AM EDT. https://t.co/BLSiYCF9KL RT if it's down [...]