Ooof: Twitter just hit a fresh all time low as it unveils Connect Tab, yet another new feature May 3, 2016 Poor old Twitter just can't catch a break these days, even with a new feature for users. The slow car crash that is Twitter just skidded to a new all time low, touching $13.90 as markets opened in New York after tumbling nearly three per cent. Shares last week tumbled under $15 for the first time since [...]
IBM warns of looming skills gap due to big data and analytics May 3, 2016 IBM has warned of a looming skills gap in the future because not enough people are being trained to meet an inevitable rise in companies' demand for big data and analytics. Speaking at the World Manufacturing Forum, Sanjay Brahmawar, global head and managing partner, strategic business development at IBM’s Watson Internet of Things business, said: "One of [...]
Siemens says it’s investing “a lot” in cyber security May 3, 2016 Siemens is investing “a lot” to bolster its defences against potential cyber attackers who may try to infiltrate its systems. Speaking to City A.M. at the World Manufacturing Forum, Norbert Gaus, executive vice president and head of the research and technology centre at Siemens, said: “Cyber security, to us, is mandatory. There's’ no question we’re [...]
Nutmeg chief Nick Hungerford is stepping down May 3, 2016 One of the UK’s best known fintech entrepreneurs Nick Hungerford is stepping down as chief of the Nutmeg, the wealth management startup he co-founded. The firm, which has landed millions of pounds in backing from the likes of Schroders, has named revenue chief Martin Stead his successor and Hungerford will become a non-executive director. Here’s what [...]
Just Eat share price rockets after upgrading full year guidance May 3, 2016 Just Eat has issued new full-year guidance on earnings – and investors are lapping it up. Shares in the takeaway ordering firm rocketed more than seven per cent in early trading after upping its revenue forecasts for the year by £8m and earnings before interest, tax, depreciation and amortisation (Ebitda) by £4m, all thanks to an increase on [...]
SoundCloud founder: Music streaming isn’t “winners take all” market as it launches Go subscription and ad supported free services to take on Apple Music and Spotify May 3, 2016 SoundCloud has said it believes there is plenty of room in the competitive world of music streaming for different platforms as the company launches its paid for subscription service, SoundCloud Go, in the UK and Ireland just weeks after its US debut. Co-founder and technology chief Eric Wahlforss shook off suggestions that it faced stiff [...]
Apple’s share price just suffered an eight-day losing streak – its longest since 1998 May 2, 2016 Apple shares have posted their longest losing streak since 1998, closing lower for the eighth straight session today. The tech giant's stock closed at $93.64, although they have been marginally declining since 20 April, when its closing share price was $107.13. Read more: Apple's share price drops after revenue misses expectations [charts-share-price id="232"] Apple's share price [...]
Tech entrepreneurs aim higher than alternative investment market despite increasing investor demand May 2, 2016 Technology companies are aiming away from the London Stock Exchange's alternative investment market (Aim) despite strong demand from investors, new research suggests. Less than a quarter of UK technology entrepreneurs are planning to use Aim as an exit strategy, according to research from law firm Nabarro out today. Although 82 per cent of tech entrepreneurs [...]
This man has revealed himself as the secret inventor of Bitcoin May 2, 2016 An Australian man named Craig Wright has come forward claiming to be the inventor of Bitcoin, who has before now been known only by the pseudonym Satoshi Nakamoto. The entrepreneur has outed himself as the creator of the cryptocurrency to three news outlets – the BBC, The Economist and GQ. Wright claims to have cryptographic proof that he [...]
The Wizard of OS: Ian McKellen has made a Shakespeare app to bring the bard to a new generation April 29, 2016 "You can imagine what it’s like to kill someone. You have to, otherwise you wouldn’t be convincing as Macbeth," says knight of the realm and thesp extraordinaire Sir Ian McKellen matter-of-factly. He may have been performing The Bard’s work for the best part of 60 years, but this hasn’t dulled either his affection or his appetite. [...]