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 [...]
DEBATE: Should we be worried about the Cambridge Analytica/Facebook data row? March 20, 2018 Should we be worried about the Cambridge Analytica/Facebook data row? Dr Julia Powles, research fellow in technology law and policy at New York University School of Law and Cornell Tech, says YES. Rogue data science outfit Cambridge Analytica wrongfully acquiring 50m Facebook profiles is a huge deal. This is true whether or not it influenced [...]
Relaxing our misguided drug laws would save lives, money, and London’s nightlife March 20, 2018 The first time I came to London, I was shocked at how the city failed to come alive at night. Sure, it had restaurants, gigs and plays, but those are evening activities. After-hours events, nights out where you didn’t break the bank trying to get home, not so much. We’ve only recently opened up the [...]
Former Deutsche Boerse boss Carsten Kengeter could rake in up to €9m over the next four years March 19, 2018 The former chief executive of Deutsche Boerse could still receive millions of euros over the next four years, the company disclosed today in its annual report. Carsten Kengeter, who stepped down at the end of 2017 after an investigation into allegations of insider trading of shares in London Stock Exchange (LSE), will take home €1.5m [...]
Facebook share price (NASDAQ: FB) is dropping on Cambridge Analytica allegations March 19, 2018 Facebook’s share price has dropped more than seven per cent following allegations that data firm Cambridge Analytica mined Facebook users’ data without their permission. The social media giant’s shares were down 7.28 per cent at $171.62 at the time of writing, slashing billions off of founder Mark Zuckerberg’s fortune. “Facebook is experiencing its worst trading [...]
Donald Trump has banned the trading of the petro, Venezuela’s cryptocurrency March 19, 2018 US President Donald Trump has banned the trading of Venezuela’s oil-backed cryptocurrency in the US through an executive order. Trump today barred US citizens and companies from dealing in the petro, which Venezuela launched last month as a way to circumvent US sanctions, with immediate effect. In his order, Trump noted that Venezuela’s own National [...]
Uber suspends driverless cars after fatal accident in Arizona March 19, 2018 Uber has suspended its self-driving cars after one caused the death of a woman in Arizona. Bloomberg reported that the company had suspended all driverless vehicles in Pittsburgh, San Francisco, Toronto and the greater Phoenix following the incident and pending an investigation. The fatal accident is understood to be the first of its kind and [...]
TfL pays men a fifth more than women March 19, 2018 Male employees at Transport for London (TfL) are paid a fifth more than their female colleagues, according to gender pay gap data released by the the Greater London Authority (GLA) today. Sadiq Khan said there was still a “significant” pay gap between men and women employed at City Hall, Transport for London (TfL) and the [...]
Engineering a big short: Hedgies build £1bn bet against Melrose March 19, 2018 Hedge funds have scrambled to build a £1bn bet against GKN suitor Melrose as Britain’s biggest hostile takeover for almost a decade approaches a critical shareholder vote. Almost a quarter of Melrose’s shares are on loan to short sellers hoping its pursuit of GKN will fail – figures that have risen sharply in the last [...]