Mark Zuckerberg and team consider shutting down Facebook and Instagram in Europe if Meta can not process Europeans’ data on US servers February 10, 2022 If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly warned in its annual report. The key issue for Meta is transatlantic data transfers, regulated via the so-called Privacy Shield [...]
Twitter dodges Wall Street tech tumble despite missing analyst expectations February 10, 2022 Twitter appears to have avoided the wrath of Wall Street despite reporting a weaker-than-expected quarterly ad revenue and user growth this afternoon. The social media giant said it had made “meaningful progress” toward its goal of reaching 315 million users and $7.5bn (£5.5bn) in annual revenue by the end of 2023. Although ad revenue for [...]
Meta’s threat to close down Facebook and Instagram in Europe backfires as EU leaders embrace shutdown: ‘Life would be very good without’ February 9, 2022 European leaders have responded to Meta's indirect warning to shut down its Facebook and Instagram operations across Europe if the social media giant is no longer able to process Europeans' data on US servers.
Rise of ‘Tinder Swindlers’: Romance scams on the up as victims get younger February 8, 2022 The number of people who fell victim to a romance scam increased by more than 16 per cent over the last year, according to new data from Lloyds Bank. The average amount lost per victim is now £8,655, slightly more than the previous year (£8,610). Though victims between the ages of 55 and 64 still [...]
LadBible makes confident maiden update with annual growth hitting 80 per cent February 8, 2022 LadBible Group Media, the digital youth publisher, has issued its maiden trading update this morning, with revenue hitting at least £54m, ahead of expectations and representing annual growth of around 80 per cent. Managing brands including LADbible, SPORTbible and Tyla, direct revenue growth was driven by a significant increase in content marketing and direct display [...]
UK lags behind European rivals as hub for creative agencies February 4, 2022 The UK is trailing behind its rivals in the competition to become Europe’s best place for creative agencies, according to new data from Sortlist. Figures from the advertising industry analysts show that Belgium has the most creative agencies per capita of any country in the world, with 22.9 creative firms per 100,000 people. Meanwhile, the [...]
Big tech may be forced to pay for UK journalism as Dorries pushes new laws January 31, 2022 Tech giants may be forced to pay British newspapers for their stories as Westminster draws up new plans to clamp down on the likes of Google and Meta.
Fraud warning: WhatsApp scams surge more than 2000 per cent January 31, 2022 WhatsApp scams are now the fastest growing form of impersonation fraud, according to new analysis by Lloyds Bank.
London’s Saatchi Gallery named one of the most ‘Instagrammable’ art galleries in the world January 29, 2022 A new study has revealed that London’s Saatchi Gallery is the third most Instagrammable gallery in the world, with Paris' The Louvre taking the top spot.
How to master social media: Five tips for writing well January 25, 2022 | City Talk Following the topic started in a previous article, here on City AM’s CFA Institute Talk, mentioning that whatever you write on social media, it is important to write it well, Eric Sim now shares some critical lessons on how to do that. When I was 14, I failed an important English literature exam at my [...]