Facebook share price (Nasdaq:FB) slides as the tech giant is left out of a Wall Street recovery March 20, 2018 Tech giant Facebook’s share price sank on Wall Street for a second day amid allegations that the data of millions of users was mined by Britain’s Cambridge Analytica. The news dealt a blow to the tech-heavy Nasdaq index in New York yesterday, with other tech stocks like Google and Amazon feeling the burn, but today [...]
Facebook Inc’s share price drops on reports it is being investigated over Cambridge Analytica breach March 20, 2018 Facebook’s share price is falling again today, after reports it is being investigated by the US Federal Trade Commission after Cambridge Analytica’s alleged “harvesting” of the data belonging to 50 million people. The US privacy watchdog is assessing whether Facebook violated terms of a 2011 consent agreement over how it would handle and notify users [...]
Mark Zuckerberg has been called to appear in front of MPs March 20, 2018 A group of MPs has requested that Facebook boss Mark Zuckerberg give evidence as part of its fake news enquiry, following allegations that 50 million people’s data was “harvested” by Cambridge Analytica. The DCMS Select Committee, headed by Damian Collins, has written to the billionaire tech entrepreneur requesting he give oral evidence in person. The [...]
Brexit latest: City hits back against EU’s “improved equivalence” offer for financial services March 20, 2018 The City has hit back at suggestions that the EU is considering offering the UK “improved equivalence” as the basis of the future financial services relationship after Brexit. Until now the EU has insisted that financial services would not be included in any free trade deal, with both Donald Tusk and Michel Barnier making it [...]
Welcome to the 5g revolution: Mobile technology is transforming data, now brands need to catch up March 20, 2018 Mobile data usage has been rising rapidly over recent years, driven ever upwards by the availability of high-quality content and the widespread adoption of the apps that deliver it. Consumer expectations are rising in parallel, as we all expect to stream music, watch films, and share video content through our phones at all times, without [...]
Jacob Rees-Mogg: Brexit transition deal is “purgatory before heaven” and government should “rethink” March 20, 2018 Arch Brexiter Jacob Rees-Mogg has described the transition deal agreed yesterday as “purgatory before getting into heaven”, saying the government should “rethink” the terms agreed on fisheries. Yesterday’s deal met with widespread anger and disappointment from those in the fishing community after it emerged the UK would not regain control of its waters until after [...]
Cambridge Analytica latest: UK’s Information Commissioner seeks court warrant over Facebook breach claims March 20, 2018 The information commissioner is seeking an urgent warrant to gain access to the London offices of election consultancy Cambridge Analytica, after being accused of using 50 million Facebook users’ personal data to influence the 2016 US elections. An ICO spokesman said the commission had issued a demand to access CA’s records and data earlier this [...]
BHS and Carillion failures prompt government crackdown on “dodging debts” directors March 20, 2018 The government has promised to get tough on company directors in the wake of recent high-profile corporate failures. In plans released today, the actions of firms facing insolvency will be put under the microscope with directors facing tougher sanctions such as fines and disqualification. Workers and small suppliers are to be given more powers to [...]
Instagram is launching a shopping service in the UK today March 20, 2018 Instagram today launches a shopping service on its platform, giving retailers the opportunity to turn their posts on the social media site into solid sales. Mobile sales have become a significant source of growth for retailers, and now businesses will be able to direct customers to their own websites through tagged posts on Instagram. Instagram [...]
Made.com backer Eight Roads Ventures has just raised a new $375m growth fund March 20, 2018 Eight Roads Ventures, the venture capital firm which has backed furniture store Made.com and beauty bookings app Treatwell, has just closed a new $375m (£269) fund. Having built on the previous £150m European fund total, Eight Roads – the venture capital branch of Fidelity International – has said the third fund “reflects the increasing number [...]