Uber has agreed a $20m deal with the US Federal Trade Commission to settle claims of driver deception January 20, 2017 Uber has agreed to pay $20m (£16m) to settle allegations it duped people into driving for its ride-hailing app with false promises regarding how much they'd earn. According to a lawsuit brought by the US Federal Trade Commission (FTC), the company made exaggerated claims about how much drivers could earn and how affordable its vehicle [...]
Would you let your boss track your every move? January 20, 2017 After drinking a tad too much, you flop into bed in the early hours. You rise for work on time, just about. You freshen up, in an inebriated stupor, stumble hastily to work, and mumble your way through the morning, hungover. By lunchtime, you think you’ve got away with it, but your boss thinks not. [...]
How blockchain technology could revolutionise global trade January 20, 2017 Blockchain technology could revolutionise trade – making it cheaper, quicker and simpler for businesses to trade internationally. From “letters of credit” to “bills of lading”, merchandise trade today is heavily reliant on paper documents. In our digital, connected world, there is a growing need to modernise trade’s many paper-based processes. Digitisation would reduce bureaucracy, improve [...]
Bye-bye Obama, hello Donald Trump: But what happens to @POTUS Twitter account after inauguration? January 19, 2017 As Donald Trump prepares for his inauguration as the 45th President of the United States he will also take over the 13.6m followers of the @POTUS Twitter account. The first ever Presidential Twitter account was set up in May 2015, with a typically amusing message: "Hello, Twitter! It's Barack. Really! Six years in, they're finally giving me [...]
Tesla’s fatal autopilot crash investigation has concluded: Here’s what it said January 19, 2017 A US government investigation into Tesla's autopilot system following a fatal crash, has found that the tech company gave drivers enough warning around the system and identified no defects, avoiding a recall of the Model S cars. The report by the US department of Transportation's National Highway Traffic Safety Administration (NHTSA) said: "Although perhaps not as [...]
Fitbug shares are back: Here’s what’s going on January 19, 2017 Fitbug shares have resumed trading after being halted on Wednesday, as the Aim-listed tech company released a trading update. Shares closed down more than 40 per cent to 0.400p on Thursday, after rocketing more than 400 per cent in late afternoon trading on Wednesday which had prompted the company to suspend trading. Read more: Fitbug shares have been [...]
Deliveroo’s testing an Amazon Prime-style delivery subscription January 19, 2017 Deliveroo is testing out a new feature which has echoes of Amazon Prime – hungry users of the food delivery app can pay a subscription fee rather than a charge on each individual order. Deliveroo Plus will be tested out across six UK cities with customers paying an annual fee of £89, or a monthly fee of [...]
The gateway to a new business order: Why crowdfunding is just the start of the next era of organisations January 19, 2017 A new campaign appeared on crowdfunding platform Crowdfunder this week. Scottish energy firm Our Energy is raising £450,000 to set up an alternative gas and electricity provider. Fed up with Big Six high tariffs and just “lining shareholders’ pockets”, founders David Pike and Karen Snode decided to start a competitor, with plans to be operational [...]
Can Nintendo’s latest console turn the company’s fortunes around? January 18, 2017 The Switch is the latest console from Japanese playing card manufacturer Nintendo, who experimented with creating video games about large monkeys in the early 1970s and never looked back. A portable gaming machine that can dock with a television to become a regular console, the new device is the glorious end result of the company [...]
London tech startup SuperAwesome is considering an IPO January 18, 2017 A London tech startup specialising in helping brands such as Lego, Mattel, and Peppa Pig maker eOne comply with rules on advertising to kids online is considering an IPO. SuperAwesome is exploring a potential listing on the London Stock Exchange this year, City A.M. understands, and has engaged with several City institutions at the early stages of exploring going public, but has [...]