Mirror publisher Reach posts revenues slip ahead of shareholder showdown May 2, 2019 Mirror publisher Reach has posted a dip in revenue amid reduced demand for its print products, as it gears up for a showdown with investors over executive pay. Like-for-like revenue fell by 6.4 per cent in the first four months of the year, driven by a 7.9 per cent drop in print revenues. Read more: [...]
Facebook ditches blue design as CEO Mark Zuckerberg throws focus on privacy May 1, 2019 Facebook has ditched its trademark blue banner as it re-centres its tools around privacy following a year dogged by data scandals. Chief executive Mark Zuckerberg last night revealed plans to up his social network's focus on private messaging and groups, with a raft of redesigned features to pivot the platform towards a more private experience. [...]
Amazon boss Jeff Bezos tops list of Silicon Valley’s best performing tech CEOs April 30, 2019 Amazon’s share price has risen by 83 per cent year-on-year, making boss Jeff Bezos the US’s best performing tech chief executive. The online shopping platform’s share price has jumped $69.53 on average per year during Bezos’ 22-year reign as Amazon’s chief executive. Read more: Investigator accuses Saudi Arabia of hacking Jeff Bezos's phone In 1997, which [...]
In 50 years, dead users will outnumber the living on Facebook April 29, 2019 At least 1.4bn Facebook users will die before 2100, meaning the number of dead people on the platform could outnumber the living by 2070, according to a new study. If membership of the platform continues growing at the current rate of 13 per cent each year, then there could be as many as 4.9bn dead [...]
Tech giants urged to work with government in online harms battle April 29, 2019 Facebook, Google and Snapchat should use their technology to work with the government on tackling harmful content online, health secretary Matt Hancock will say today. The health secretary will challenge social media giants to make greater progress in protecting vulnerable users at a second UK summit between tech firms and internet providers, held as part [...]
The anti-vax movement is a symptom of our expert malaise April 26, 2019 The anti-vaccination movement is deadly. According to the charity Unicef, more than half a million UK children were not vaccinated against measles, a highly dangerous but preventable disease, between 2010 and 2017 – which is part of a terrifying global trend. When less than 95 per cent of a population are vaccinated, herd immunity is weakened, [...]
Facebook braces for $5bn hit after privacy scandals April 25, 2019 An ongoing probe into a slew of data breaches at Facebook has left the social media giant braced for a financial hit of up to $5bn (£3.9bn) in fines and legal costs. The social media giant’s profit for the first three months of this year more than halved year-on-year to just $2.4bn, with earnings per [...]
Nike to move UK headquarters to new King’s Cross building April 23, 2019 Nike will move its UK headquarters from Soho to a new building in a major redevelopment in King’s Cross. The US firm has signed a deal to lease at least 60,000 square feet in an 11-storey block in the upcoming area, the Evening Standard reported. The company is currently headquartered on Wardour Street in Soho, [...]
Digital publishing revenues rise as video and display formats drive growth April 23, 2019 Digital publishing revenues rose almost seven per cent last year as publishers shift their focus towards video formats. Figures from the Association for Online Publishing (AOP) and Deloitte reveal UK revenues rose 6.8 per cent to £511.5m in 2018. Read more: Google hands out €500,000 for local publishers’ project The growth was driven largely by [...]
Tandem Bank scales up to Russell Square HQ April 23, 2019 Fast-growing digital bank Tandem has snapped up a new Bloomsbury HQ as it looks to double in size. Moving from King’s Cross, which has welcomed in the likes of tech giants such as Facebook and Sony over the last 12 months, Tandem is relocating to a 16,000 square foot (sq ft) office in Russell Square. Read [...]