2025 Predictions for Apple, Microsoft, Tesla, and other tech leaders January 6, 2025 The Magnificent Seven group of leading tech companies: Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta and Tesla, gained a combined 63 per cent in 2024, building on 2023’s strong performance. Deutsche Bank revealed the group generated more profit in 2024 than most national stock markets. However, JP Morgan has projected their contribution to S&P 500 earnings [...]
Nick Clegg replaced at Meta by Republican pick before Trump re-enters White House January 3, 2025 Former UK deputy prime minister Sir Nick Clegg has quit as Meta’s president of global affairs, being replaced by a key Republican voice, Joel Kaplan. The former leader of the Liberal Democrats announced he was leaving on LinkedIn and Facebook, saying that his tenure at the tech giant has been an “adventure of a lifetime”. [...]
Microsoft and Meta stocks slip as investors demand more October 31, 2024 Microsoft and Meta stocks have tumbled in after-hours trading despite both tech giants posting better-than-expected results yesterday. Microsoft reported a 16 per cent revenue increase to $65.6bn (£50.5bn) against a forecasted $64.5bn (£49.7bn), fuelled by its cloud services which grew by 33 per cent. Earnings per share (EPS) came in at $3.30 (£2.54), easily beating [...]
Lloyds boss Charlie Nunn says Meta is not doing enough to tackle scams October 13, 2024 The chief executive of Lloyds Banking Group has joined calls for technology firms like Meta to do more to clamp down on a surge in scams originating from social media.
Revolut slams Meta for falling ‘woefully short’ in tackling scams October 3, 2024 Fintech giant Revolut has thrown its weight behind calls for social media firms to help reimburse scam victims, calling out Meta’s latest anti-fraud push for falling “woefully short”. The London-based banking app said on Thursday that it was “deeply concerned” Meta’s new UK bank data-sharing programme “does not address what’s required to tackle fraud”. Meta, [...]
Meta: Instagram owner to expand UK bank data scheme in anti-fraud push October 2, 2024 Meta is to partner with more UK banks for a data-sharing programme aimed at tackling fraud, as tech giants come under pressure to address a surge in scams on social media.
Mark Zuckerberg-backed Yoto almost doubles sales as loss cut September 23, 2024 Turnover at kids audio platform Yoto, which is backed by Mark Zuckerberg and his wife, almost doubled during its latest financial year as its pre-tax loss was cut, it has been revealed. The business, which is the creator of the Yoto Player and Yoto Mini for children, has posted a turnover of £50.9m for 2023, up from [...]
Telegram boss Pavel Durov charged: What next for social media moguls like Musk and Zuckerberg? August 29, 2024 Like his recent collection of topless Instagram photos, Pavel Durov, the founder of Telegram, is probably feeling slightly exposed right now under the scrutiny of global powers. He has just been charged by French authorities for allegedly allowing criminal activity to flourish on his platform. Durov has avoided jail time for now, out on a [...]
Zuckerberg regrets bowing to White House pressure during Covid-19 August 27, 2024 Meta boss Mark Zuckerberg has said he regrets bowing to the White House over content which it censored during the Covid-19 pandemic.
Meta: Watchdog greenlights changes to advertiser data rules on Facebook August 20, 2024 The UK’s competition watchdog has given the green light to new commitments from Meta to better protect the data of advertisers on Facebook. Since June 2021, the Competition and Markets Authority (CMA) has been looking into whether Meta has unfairly data from its advertising services to give its Facebook Marketplace an edge over competitors. After [...]