Facebook’s share price plunges as markets open, losing more than $120bn off its market value July 26, 2018 Facebook has opened in US markets at a loss of almost 20 per cent, wiping roughly $123bn (£93.8bn) off its market valuation. As a comparison, Facebook's loss is more than seven times the valuation of Snap ($17bn), and almost four times the valuation of Twitter ($33bn). It is roughly equivalent to the total GDP of [...]
Amazon doubles down on profits, but misses estimates on revenue July 26, 2018 Amazon doubled consensus estimates on profits in its second quarter, as results released tonight revealed a staggering 1,157.5 per cent increase year-on-year in earnings per share. The company reported shareholder earnings for the quarter at $5.07 (£3.86), outperforming estimates collated by S&P Global Market Intelligence which predicted $2.54. In the same quarter in 2017, Amazon [...]
AI in tennis may be game, set, and match for humans July 23, 2018 DURING the recent Wimbledon tennis championship, in a room beneath the courts, dozens of data scientists and sport experts sat watching all of the tournament’s matches. This was the IBM tech bunker, where computers were capturing live data about every player for every game of tennis happening above. IBM has been working with Wimbledon for [...]
Elon Musk’s fall should bring our stratospheric expectations down to earth July 20, 2018 Stop what you’re doing, everyone. Elon Musk – serial entrepreneur, space crusader, and cult figure to climate progressives – has given us the one thing we never expected to see from him: an apology. The Tesla founder had little choice. While the world was celebrating the miraculous rescue of the 12 boys and their football [...]
Google’s record $5bn fine: Here’s how the industry reacted July 18, 2018 Tech goliath Google was hit with a record-breaking €4.3bn (£3.8bn) fine by European antitrust regulators today over “serious illegal behaviour” with its Android operating system. Brussels concluded that Google forced smartphone makers to favour its own products such as Search and Chrome if they wanted to run on Android, which is used on 80 per [...]
Google’s record-breaking $11bn fine over Android market dominance set for Tuesday July 15, 2018 Sources have said that technology superpower Google is set to face the music on Tuesday, as European Union antitrust regulators are rumoured to have made a final decision against its Android operating system. A meeting deciding the company’s fate had been scheduled by the European Commission for last Tuesday, however it was moved without warning. [...]
The world will never go plastic-free – and nor should we want to July 12, 2018 The City of London (which I represent as a common councillor for Bishopsgate) has launched a new campaign – “Plastic-Free City” – to reduce waste. Specifically, the aim is reduce the use of single-use plastics in City properties, and more widely, through a public information programme. Reducing waste and encouraging better choices are all good [...]
Sony Xperia XZ Premium review: A premium device that puts Sony back in the game July 12, 2018 The Sony Xperia XZ Premium looks like the futuristic phone your younger self imagined you’d be using in the year 2017. It’s huge and silver (well, at least the silver version is) and resembles something an alien might insert into a glowing slot to power up his or her spaceship. While other phones try to [...]
Huawei P8 Lite (2017) review: The best phone you can buy in this price bracket July 12, 2018 Are you sitting comfortably? Then let’s begin untangling Huawei’s utterly incomprehensible naming conventions. The Huawei P8 Lite (2017) is the updated version of the original P8 Lite, which is the stripped-down budget version of Huawei’s 2015 flagship, the Huawei P8. The P8 and old P8 Lite were followed by the P9 and P9 Lite, themselves [...]
The UK tops the charts for venture capital funding in Europe after a bumper second quarter July 12, 2018 The UK has regained its title as the top spot in Europe for venture capital investment in the second quarter of 2018. A total of £1.55bn of venture capital money was invested into UK businesses in the second quarter, spanning across 244 deals with artificial intelligence, fintech, cybersecurity and biotech as the most popular sectors [...]