Google UK employees earned £226,000 on average last year April 3, 2019 Staff at Google’s UK offices earned an average of £226,000 last year after the firm paid out more than £340m through its share scheme. The tech firm paid £829m to its employees in the year to the end of June, up from £657m the previous year. The company, which currently has three main offices in [...]
Amazon tops Linkedin list of top 10 companies to work for April 3, 2019 A list of the top 10 companies that are seen as most attractive for workers released by Linkedin this morning revealed a varied mix of preferences for job hunters in the UK. Amazon, which recently raised wages after coming under criticism for employment practices and warehouse conditions, took the number one spot, with firms such as [...]
Is Uber the new Amazon? April 2, 2019 | City Talk By Edmond Jackson from interactive investor. In a test of narrative power versus whopping financial losses, so-called “ride-hailing” or “ridesharing” giants Uber and Lyft have rivalled each other to list on the New York Stock Exchange – Lyft got there first. Both capture the spirit of the times, connecting taxi drivers to passengers via their [...]
Jeff Bezos investigator accuses Saudi government of hacking Amazon chief’s phone March 31, 2019 An investigator hired by Jeff Bezos has said Saudi Arabia hacked the Amazon chief's phone and gleaned private data from it. Bezos, one of the world's richest men who owns the Washington Post newspaper, hired Gavin de Becker to find out how his private messages regarding an extra-marital affair had been leaked to US tabloid the National [...]
Watch out high street banks – Apple has a credit card and is out to steal your supper March 29, 2019 Every day, new competitors are coming out of the woodwork and vying for a piece of the high street banks’ pie. This has forced the big banks – some kicking and screaming – to evolve, and at a pace that they’ve never before experienced. Change is not a new concept for consumers when it comes [...]
Comcast launches $5 streaming platform for internet-only customers March 22, 2019 US media giant Comcast has launched a new platform for its internet-only customers that will bundle together streaming services such as Netflix and Amazon. The firm has unveiled plans for Xfinity Flex, a streaming box aimed at its non-cable TV customers that ties together a range of apps with its voice remote. Read more: TV advertising revenue [...]
Record label income grows amid rise in streaming subscriptions March 21, 2019 UK recorded music revenues rose more than three per cent last year as the popularity of streaming services shows no signs of slowing. New figures from trade body BPI revealed record label revenues hit £865.5m in 2018, the highest level in almost a decade. Read more: Music streaming revenues overtake ownership for the first time [...]
TV advertising revenue stalls as viewers switch to streaming March 21, 2019 TV advertising revenue growth stalled last year as traditional broadcasters continue to lose ground to streaming services. Overall revenue totalled £5.11bn in 2018, equal to the amount invested during the previous year, according to figures from industry body Thinkbox. Read more: Advertising outlook clouds picture at ITV The stagnating figures highlight the challenge faced by [...]
Disney closes $71bn takeover of 21st Century Fox as it puts Netflix in its sights March 20, 2019 Disney has completed its mammoth $71bn (£54bn) takeover of 21st Century Fox in a deal that transforms the media landscape and puts Netflix’s domination at risk. The deal, which went through shortly after midnight in New York, sees Disney take control of Rupert Murdoch’s film and TV business, as well as National Geographic and a controlling [...]
We don’t need to break up big tech to make a better internet – we just need more competition March 19, 2019 Last week saw the release of the government-commissioned Furman Review into digital competition. The commission, chaired by former Obama administration chief economic adviser Jason Furman, found that Google, Amazon, and Facebook don’t face enough competition. This shouldn’t come as a surprise, given the recent attention on tech giants’ business models by governments across the world. [...]