Facebook’s Mark Zuckerberg invited again to appear before MPs investigating fake news October 31, 2018 Facebook chief Mark Zuckerberg has been summoned to a special meeting of UK and Canadian MPs to give evidence about ‘fake news’. Conservative MP Damian Collins, chair of parliament’s digital, culture, media and sport committee, has joined forces with his Canadian equivalent, Bob Zimmer, to propose a one-off hearing on 27 November. The social media billionaire [...]
This Halloween, businesses must tackle their demons and embrace the AI boogeyman October 31, 2018 Business leaders are an easily spooked bunch. Economic turbulence, new competitors, and workplace skill deficits are just a few of the things that can give us a fright at any time of year, without the added frisson of All Hallows’ Eve. But a new fear has emerged this year: customer data – namely how it’s [...]
Computacenter shares crash 20 per cent as it loses out on IT infrastructure sales October 31, 2018 Computacenter shares plummeted almost 20 per cent in early morning trading after it told investors that revenue has fallen three per cent in the face of “significantly more challenging” conditions. The FTSE 250 IT firm warned that third quarter revenues have fallen to £900m from £931m in the same period in 2017, while UK revenues [...]
Hammond’s digital services tax puts UK competitiveness at risk October 31, 2018 The government has long been scratching its head for ways to address the current tax treatment of global tech platforms. Our tax code – all 10m words of it – has been struggling to keep up and adapt to a new economy that is being driven by technology, innovation, and digitalisation. On Monday, Philip Hammond [...]
Ebay predicts fourth quarter surge in profits October 30, 2018 E-commerce giant Ebay forecasted a rise in fourth quarter profits above analyst estimates tonight, despite its rival Amazon announcing last week that its profits will disappoint across the upcoming holiday period. Shares in Ebay, which also beat estimates on profit for its third quarter, rose six per cent in after-hours trading. Net income for the [...]
Facebook hit by user drop as European growth falls for a second quarter October 30, 2018 Social media giant Facebook failed to live up to estimates for monthly user growth in its third quarter, as growth remained flat in North America but fell across Europe for the second consecutive quarter in the wake of massive data breaches and tightened regulations. Despite this, its profits outperformed expectations, the firm said tonight. Shares [...]
Fintech star Monzo joins unicorn ranks with £85m funding round October 30, 2018 Digital banking startup Monzo will today announce the close of a fresh fundraising round at £85m, led by new US investors General Catalyst and Accel as the fintech firm prepares to leap across the pond. Existing investors Passion Capital, Thrive Capital, Goodwater, Orange Digital Ventures and Stripe also participated in the round. The news takes [...]
UK wireless charging tech firm Aircharge makes its debut on London bus routes October 30, 2018 The UK tech firm behind the wireless charging pads found in Starbucks, McDonalds and Costa is going mobile, with its latest expansion to debut on London bus routes. Partnering up with British bus manufacturer Optare, Aircharge charging points will be initially be available on Green Line routes operating between London and various airports, including Luton and [...]
Apple October event: Updates to the Macbook Air, Mac Mini and iPad ranges October 30, 2018 Today, Apple is launching some updates to some of its most popular hardware lines. Here's our roundup of what made its way across the stage in New York. Macbook Air The updated Macbook Air is now available with a 13.3in retina display, which Apple said is more than four times the resolution of its predecessor. It [...]
‘The Nothing of Tesla’: Elon Musk deletes his Tesla job titles after being stripped of chairmanship October 30, 2018 Tesla founder Elon Musk had deleted his job titles at the car giant just to “see what would happen”. The stunt, announced on Twitter, comes after Musk recently agreed to step down as chairman of the electric car manufacturer to prevent further action from a US regulator. He announced: “Deleted my Tesla titles last week to see what [...]