Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? November 8, 2022 Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]
Elon Musk fends off daily losses with jobs and ticks November 6, 2022 Musk’s Twitter shake-up continued at pace this weekend, with thousands of employees sacked and paid blue-tick verification firmly on the table for UK users. While Twitter has remained relatively quiet since the Tesla founder completed his $44bn (£39bn) takeover, the social media company confirmed that it would now allow users to buy blue-tick verified status. [...]
Britain’s brightest black entrepreneurs and artistes feted at awards ceremony November 4, 2022 Charlene White and Jay Blades took to the Boisdale of Canary Wharf stage at the back end of last month to host the first annual London Chamber of Commerce Black Excellence Awards 2022, to celebrate the inspirational contribution of the British black community to the cultural and economic development of the United Kingdom. Accompanied by [...]
Musk massacre: Thousands of Twitter staff expect to be sacked via email at 9am today November 4, 2022 Social media giant Twitter is expected to tell staff later today whether they are to be dismissed as part of job cuts in the wake of Elon Musk’s takeover. There have been suggestions that as many as half of the social media giant’s global workforce could be cut. Twitter employs more than 7,500 people around [...]
WhatsApp users in UK get new feature that allows Brits to ‘bundle’ group chats November 3, 2022 A WhatsApp feature that enables users to bundle several group chats together under the umbrella of a single topic and share updates across them all has gone live in the UK. First announced earlier this year and in testing since then, the Communities feature will allow users to organise different group chats together under a [...]
Royal Mail Black Friday strikes could spell mayhem for the whole delivery ecosystem November 3, 2022 ROYAL Mail strikes could cause mayhem for Christmas shopping, with 115,000 posties taking to the picket line at the end of this month. In an announcement late on Tuesday, the Communication Workers Union (CWU) said that it was moving ahead with four further days of strike action, including Black Friday, the largest online shopping day [...]
The New York Times banks 180k new subscribers thanks to bundle approach November 2, 2022 The New York Times ups its full year forecast as the print and digital bundling strategy appears to be paying off. The media group added 180,000 online subscribers in the three months to September, bolstering third quarter estimates. The publication has been bringing together its traditional print and digital offerings, with its newly acquired sports site [...]
Exclusive: ASA chief on how to regulate adland in a world of greenwashing and crypto November 2, 2022 The UK’s advertising body made headlines last month when it banned a series of HSBC green ads for being misleading about their environmental credentials, and said any future campaigns must disclose the bank’s contribution to the climate crisis. Guy Parker, head of the Advertising Standards Authority (ASA), told City A.M. that this decision was “groundbreaking” [...]
BBC’s local radio cuts slammed as ‘unwarranted’ and ‘misguided’ November 1, 2022 Leading journalist trade body has slammed the BBC’s ambitions to invest more into its local digital news. Chief exec of The News Media Association Owen Meredith criticised the broadcaster’s plans to cut back its late-night local radio, which will see 139 audio roles axed. All local shows after 10pm are set to be replaced with [...]
Harry Styles saves the day for Sony’s music arm November 1, 2022 Sony was buoyed by its music division this quarter, with the group’s profitability countervailing the Japanese giant’s reduced gaming success. Music revenues climbed from JPY 217 billion (£1.2bn) to JPY 359 billion (£2.1bn), with higher sales across recorded music and publishing thanks to new music from big hitters like Harry Styles. Although gaming revenue also [...]