Snap shares plunge as influential analyst cuts its rating to sell in disparaging note September 12, 2018 Tech giant Snap shed nearly 10 per cent of its share price today after an influential analyst released a disparaging note on the firm's fortunes and slapped it with a "sell" rating. BTIG analyst Richard Greenfield urged investors to sell the stock in a note, saying he was "tired of watching Snapchat decline from the [...]
Immigration has been at the heart of Sweden’s tech triumph September 12, 2018 Last Sunday, Swedes headed to the polls. The eyes of the world were on us, with the election result a potential barometer of other populist movements across Europe and further afield. The Sweden Democrats, an emergent nationalist party, grabbed the global headlines with their focus on immigration and contempt for the EU. Other parties, competing for [...]
Renewed your TV licence? Your banking data may not be secure September 11, 2018 If you’ve renewed your TV licence recently it may have cost you more than you budgeted for. TV Licensing has written to 40,000 people to warn them to check for suspicious transactions or amended direct debits after their banking details weren’t protected online properly. People who entered their bank account and sort code details – [...]
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 [...]