Uber chief: Time to show investors the money May 9, 2022 Uber chief Dara Khosrowshahi heralded a change of tack this week when he sent an internal email to staff entitled “the next (best) chapter”, signalling a new era of cost cutting. Discussing the “seismic shift” that has occurred in the ride-hailing space, Khosrowshahi emphasised the centrality of shareholders in the company’s ongoing journey. He wrote: [...]
Musk to meet EU industry chief to discuss online safety and chip shortages May 9, 2022 Elon Musk will meet with EU industry chief Thierry Breton this evening to discuss policing of online content, as well as global chip shortages. Meeting in Texas, the two men come together just weeks after the Tesla founder pushed forward with his $44bn takeover of Twitter. Meanwhile, the EU has pushed forward with its new Digital [...]
Paysafe teams up with Playtech as payments giant looks to arrest share price slide May 9, 2022 Paysafe has unveiled a new partnership with London-listed gaming tech giant Playtech today as bosses at the payments firm grapple with a plummeting share price.
‘Hello from the Big Apple’: Sadiq Khan touches down in New York City as London Mayor starts US tour to boost tourism and tech May 9, 2022 London Mayor Sadiq Khan has arrived in New York City and met with former mayor Michael Bloomberg as the London leader began a US tour aimed at boosting the British capital’s tourism and tech industries. The mayor of London tweeted he had caught up with his “good friend” Mr Bloomberg, who was in charge of [...]
London-listed HydrogenOne injects £20m into fuel cell firm May 9, 2022 Energy investment vehicle HydrogenOne has pumped £20m into a fuel cell firm today as it looks to spur the development of emission-free electricity.
Snapchat’s UK boss Ed Couchman: Snap looks to snap back May 9, 2022 Five years ago, Snapchat’s parent firm Snap floated on the New York Stock Exchange in what was hailed as a milestone for the once-disruptor in the social media landscape. The plucky underdog – at least compared to other messaging and social media apps – listed at $24 a share in an IPO twelve times oversubscribed. [...]
Influencers: MPs call for better protection for TikTok stars May 9, 2022 MPs will today call for greater action to be taken in advertising and employment rules to protect children and online performers, arguing that regulation has failed to keep pace with the growth of online influencer culture.
Elon Musk’s $44bn Twitter takeover bid hit with lawsuit May 7, 2022 Elon Musk and Twitter have been sued by a US pension fund seeking to block the Tesla CEO's $44bn (£35.6bn) takeover of the platform.
Ministers set to unveil data reform bill in Queen’s Speech May 6, 2022 Ministers are preparing to unveil a new data reform bill to allow the UK to split from EU privacy laws, according to reports.
Business of Space: The things you can do with a commercial hand May 6, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: SpaceX deepens commercial ties with NASA Artemis: NASA latest stage in returning to the moon Space regulations race to catch up with technology SpaceX and satellite spin-off Starlink SpaceX brought four astronauts back down to Earth last night, as [...]