London legaltech startup Apperio scores $10m from Draper Esprit August 28, 2018 London-based legaltech startup Apperio has secured a $10m (£7.5m) series A funding round led by Revolut-backer Draper Esprit. The round was supported by existing investors Notion Capital, IQ Capital and various individuals. Apperio’s tech provides in-house legal teams with a platform to view their end-to-end legal spend, including factors such as billed hours and legal budgets. It's scored [...]
DEBATE: As UBS factors in Instagram influence, should investors value a brand’s social media presence? August 28, 2018 As UBS factors in Instagram influence, should investors value a brand’s social media presence? YES, says Rashid Ajami, founder of Connectt. Social media engagement has changed dramatically in recent years, moving from a more traditional form of display advertising that is pushed directly into people’s newsfeeds towards a more considered strategy where brands engage in real-time interactions [...]
Trump takes aim at Google for biased ‘leftwing media’ search results August 28, 2018 US President Donald Trump has lashed out at search giant Google in a series of tweets, accusing the site of “rigging” a feed of biased, negative news articles when searching the phrase “Trump news”. The president said most of the stories that appear when searching the site are “bad” news articles, written by the “National Left-Wing Media”. He [...]
Change is coming. Are you ready to reinvent yourself and your business? August 28, 2018 You can't keep good people down. That’s the takeaway from Usain Bolt’s decision to hang up his running shoes and don his football boots with Australian club the Central Coast Mariners. He used his 32nd birthday last week to practice with the club for the first time and, in so doing, reinvents himself from an [...]
Crowdfunding goes stateside: Seedrs strikes deal with Angelist’s Republic August 28, 2018 London-based equity crowdfunding platform Seedrs has landed a strategic partnership with US site Republic, pushing its expansion stateside. The deal means UK startups will be able to run joint crowdfunding campaigns in both countries, targeting investors on either side of the Atlantic. Republic, which is the sister company to well-known individual investor site Angelist, said the relationship [...]
Dismissal secured: Tesla gets Model 3 lawsuit thrown out on shareholder claims August 28, 2018 A lawsuit accusing Tesla of inflating its stock by pitching unattainable production numbers for its Model 3 sedan has been dismissed by a US judge in California. In a decision published late last night, US district judge Charles Breyer said shareholders had not provided enough evidence to suggest Tesla needed to be clearer that Model 3 [...]
Toyota invests $500m in Uber to propel self-driving cars into reality August 28, 2018 Japanese motoring giant Toyota has renewed its dedication to creating a self-driving car network on our streets, to the tune of a $500m (£387.6m) investment in ride-hailing firm Uber. The company said late last night it will expand its partnership with Uber in an effort to bring to market "autonomous ride-sharing as a mobility service at scale", at a time [...]
UK to fund a satellite system to rival EU’s £9bn Galileo project August 26, 2018 The UK government is set to commence building a satellite system of its own, after being shut out of sensitive security information surrounding the European Union's Galileo project. The €10bn (£9bn) satellite program has begun proceedings to remove the UK from involvement in the project ahead of Brexit in seven months time. Experts have said [...]
Chinese ride-hailing firm Didi Chuxing suspends its carpooling service after a passenger was killed August 26, 2018 Chinese ride-hailing firm Didi Chuxing has suspended its Uber Pool-esque service Hitch nationwide, after a woman was raped and killed by a driver in Wenzhou. The company said in a statement that the suspension was the result of "disappointing mistakes", while it takes time to reevaluate Hitch's business model. A 20-year old woman only identified by [...]
Elon Musk: Tesla to remain a public company August 25, 2018 Tesla chief executive Elon Musk said last night that Tesla would remain a public company, despite previously announced plans to take it private. In a blog post on electric car company Tesla’s website Musk wrote: “Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, [...]