Facebook co-founder joins chorus of voices to break up the company May 9, 2019 Facebook co-founder Chris Hughes has echoed calls to break up the social media giant amid a rise in anti-trust and data privacy concerns surrounding big tech. Hughes, a former roommate of chief executive Mark Zuckerberg, called his power "unprecedented and un-American" in an opinion piece for the New York Times. "We are a nation with [...]
Twitter suspends 166,000 accounts in battle against online terrorism May 9, 2019 Twitter suspended more than 166,000 accounts in the last six months of 2018, it revealed today, as it makes progress on battling terrorism on its platform. Read more: Facebook bans Alex Jones and Milo Yiannopoulos The number of users banned from the social network amounted to a 19 per cent drop from the first half of [...]
Softbank gears up for launch of second Vision Fund as full-year profits soar May 9, 2019 Japanese investment giant Softbank will launch its eagerly-awaited second Vision Fund soon, the firm’s founder and chief executive has revealed. Read more: Softbank mulls float for $100bn Vision Fund Masayoshi Son said the new fund will be a similar size to its original $100bn (£77bn) Vision Fund, which has invested in major tech firms including [...]
Stockwatch: When you should buy Amazon and Microsoft May 9, 2019 | City Talk By Edmond Jackson from interactive investor. We've studied the charts, now our companies analyst runs through the fundamentals and gives his view. At a time of questions over durability of growth in US GDP and corporate profits, results in respect of Q1 2019 from Amazon.com Inc (NASDAQ:AMZN)and Microsoft (NASDAQ:MSFT) have beaten expectations. As a result, [...]
When women ruled the coding world: Female programmers have been written out of history – it’s time to turn back the clock May 9, 2019 Coding was once a field dominated by women. From the 1940s to the 1960s, about 90 per cent of computer programmers and systems analysts in the US were female. Hardware was largely run by men, but software was treated as clerical work and offered to women who were good at maths and logical thinking. In [...]
Huawei CFO hopes to avoid US extradition after Trump’s ‘corrosive’ comments May 9, 2019 Lawyers for Huawei’s chief financial officer have said she will seek a stay of extradition, citing a string of civil rights abuses including comments made by US President Donald Trump about the case. Meng Wanzhou, who is the daughter of Huawei founder Reng Zengfei, was arrested in Vancouver in December on allegations relating to the [...]
DEBATE: With Uber drivers striking over pay and conditions, is the gig economy bad news for workers? May 9, 2019 With Uber drivers striking over pay and conditions, is the gig economy bad news for workers? Dalia Gebrial, researcher on the gig economy and workers’ rights at the London School of Economics, says YES. The gig economy is currently rigged against workers. Platforms like Uber hide behind their status as tech firms, rather than employers, to [...]
Ocado chips in to £7m round for UK robotics startup Karakuri May 9, 2019 Ocado has led a £7m seed round for UK robotics firm Karakuri, its first investment in a tech startup. Other backers in the round included Hoxton Ventures, Firstminute Capital and Taylor Brothers. The online supermarket chain will use Karakuri's technology to expand its grocery offering after a fire devastated one of its automated warehouses. It [...]
US secretary of state Mike Pompeo invokes Iron Lady as he slams UK over Huawei decision May 8, 2019 US secretary of state Mike Pompeo has ramped up the rhetoric against Huawei, invoking the legacy of former Prime Minister Margaret Thatcher as he urged the UK to take a tougher line on the Chinese tech firm. In an impassioned speech, Pompeo slammed the UK’s reported decision to allow Huawei to build parts of its [...]
Social media firms to be judged on safety standards ahead of new laws May 8, 2019 Social media firms will be judged on their ability to protect their users before tough new legislation is introduced, the culture secretary has warned. Jeremy Wright today said firms need to take greater action to crack down on harmful material posted to their platforms now or risk a clampdown from a future regulator. Read more: [...]