More of the same from Apple? September 11, 2018 | City Talk Earlier this year Apple made history in becoming the first US company to achieve a $1trn valuation, a level it maintained when it crossed above $207 a share last month. Since then the share price moved up to as high as $229.67 earlier this month, before embarking on a four-day slide prompted by some profit-taking, [...]
Fraud detection firm Ravelin announces £8m Series B funding September 11, 2018 London-based fraud and risk prediction company Ravelin has announced an £8m Series B financing round to fund expansion in the U.S. European private equity firm Blackfin Capital Partners led the round with existing backers Amadeus Capital Partners, Passion Capital and Playfair Capital retaining their stakes. Read more: Challenger banking app Monese lands $60m funding round Ravelin, which has [...]
British Airways data breach: How hackers stole customers’ data September 11, 2018 British Airways’ breach last week was caused by the same group of hackers that targeted Ticketmaster, according to cyber security researchers. The cyber attack resulted in 380,000 customers’ personal and financial details ending up in the hands of criminals, with the airline warning those affected to contact their banks and promising full compensation. Read [...]
PSG announce first blockchain partnership to increase fan engagement September 11, 2018 Paris Saint-Germain has today announced a new partnership deal with a blockchain platform, the first of its kind in world football. They have agreed a contract with Socios.com, an online voting website that looks to increase supporter engagement in football clubs while offering teams a chance to monetize their fanbase. The deal is part of [...]
Proper corporate governance rules would save the UK from a crisis like Theranos September 11, 2018 The spectacular downfall of Theranos, the US healthtech company, makes a terrific story: a disrupter startup run by a university drop-out, who modelled her persona on Steve Jobs (right down to her black turtleneck sweaters), and became a virtual messiah figure for many in Silicon Valley. For those who aren’t familiar, Theranos promised cheap, accessible, pain-free [...]
Time for UK rules to catch up with electric scooters September 11, 2018 As I ride my bike into work, there are numerous obstacles to watch out for. I treat buses, trucks, and cars as though they are on fire, while I try to give pedestrians and other cyclists a wide berth. In recent weeks, I have noticed a new player competing for space in the weekday rat [...]
Tech chiefs might build robots, but they need to act like humans and come back down to earth September 11, 2018 A decade ago, it would have been highly unlikely that the average Joe could name a single chief executive at any of the world’s largest tech companies. Bill Gates and Steve Jobs aside, this unique set of individuals has historically operated in the shadows. But today, like it or not, technology is deeply ingrained in our [...]
Snap second in command Imran Khan to leave company after three years September 10, 2018 Snap today announced that its chief strategy officer of three years, Imran Khan, is set to leave the company. Khan informed Snap last week that he would be exiting to pursue other opportunities. The filing to the US Securities and Exchange Commission said his departure was not down to any disagreement with the company. His final [...]
UK’s computer games industry grows turnover by a third in a year September 10, 2018 The UK’s computer games industry grew by a third in the last year to hit £697m, according to new research published today. Revenue grew 34 per cent last year to £697m from £522m the previous year, research from online business finance supermarket Funding Options showed. Read more: This exhibition at the V&A is a deep [...]
Bill Gates and Jeff Bezos among backers of £4.5m Wagestream start-up fund September 9, 2018 The founders of Amazon and Microsoft have backed a London start-up that allows workers to access their wages before payday. "Get-paid-as-you-go" platform Wagestream has received £4.5m of funding from supporters including technology billionaires Jeff Bezos and Bill Gates. Read more: Wonga goes under: Controversial payday lender placed into administration Wagestream, which aims to end the "payday poverty cycle", allows [...]