Musk dumps Twitter’s Covid disinformation policy November 29, 2022 Elon Musk has abandoned Twitter’s Covid disinformation policy in a grand push for free speech. “Effective November 23, 2022, Twitter is no longer enforcing the Covid-19 misleading information policy,” a notice on its website reads. The new owner of the social media firm axed the former “Covid-19 misleading information policy” page, outlining rules surrounding Covid [...]
Revenue climbs for incoming National Lottery operator Allwyn as it scoops up Camelot November 29, 2022 Incoming National Lottery operator Allwyn said revenue continued to climb steadily in the third quarter as the gambling giant gears up to takeover the lucrative government licence. Allwyn said revenue jumped 11 per cent in the recent quarter to €958.6m, whilst consolidated adjusted EBITDA was up 10 per cent to €319.9m. In September, the Czech based [...]
888 targets revenue of more than £2bn in 2025 November 29, 2022 Gambling giant 888 is aiming high, revealing a targeted revenue of more than £2bn in 2025 – over twice the revenue it reported in 2021. Ahead of its Capital Markets event later today, the firm, which recently acquired rival William Hill, said it expects adjusted core profit for the year to be in the range [...]
Revenue jumps for Wise thanks to customer flurry November 29, 2022 Wise said revenue climbed in the half year as the customer base balloons for the London-based fintech company. The money transferring service moved over £51bn for customers globally in the first half of the year, 49 per cent more than the previous year. As such, Wise said revenue also climbed 55 per cent from 2021 [...]
Music to Spotify’s ears: Watchdog says streaming intervention not needed November 29, 2022 The competition regulator said it will not intervene in the music streaming market, deeming the industry valuable to both artists and consumers. In its final report published this morning, the Competition and Markets Authority (CMA) found that consumers actually benefited from digitisation and competition between music streaming services. Prices for consumers have fallen by more [...]
The man behind the O2 says Brits back ‘good times’ in the face of recession November 29, 2022 The man behind London’s The O2 says that despite cost of living concerns, people are still spending big on events, with the consumer mindset shifting to “having good times”. Paul Samuels, who heads up global partnerships at events giant AEG, told City A.M. that the arena is yet to see a dip in visitors amid [...]
Govt boots legal but harmful provision from online safety bill November 28, 2022 The “legal but harmful” provision has been formally scrapped from the online safety bill, in a push to water down moderation and put greater focus on free speech protection. The provision, which would have allowed tech firms to remove content that wasn’t actually illegal, sparked controversy across free speech advocates raising concerns around overcensorship. However, [...]
Mayhem in Chinese hub could mean 6m iPhones losses for Apple November 28, 2022 Mayhem at Apple’s key iPhone hub could mean that six million Pros models are lost this year, in a major blow to the tech firm in the run up to the all-important Christmas period. Production has been stunted by protests at Foxconn Technology’s Zhengzhou production factory over the past few weeks, as well as impending [...]
BT reaches pay agreement with union after months of strikes November 28, 2022 BT has reached an agreement with the Communication Workers Union (CWU) over pay after months of negotiation. The union confirmed the news this afternoon, stating that the total package includes pay permanently increasing by £3000 from 1 April, with a further review from 1 September 2023 to “allow for further negotiations to resolve pay, grading [...]
Bob Dylan apologises for using machine to ‘hand-sign’ new £495 book November 28, 2022 Bob Dylan has issued a public apology after using a machine to “hand-sign” limited-edition copies of his new book, Philosophy Of Modern Song. In a rare statement, the 81-year-old music legend said it was an “error in judgement” to use a machine, blaming pandemic complications and vertigo for his decision making. “So, during the pandemic, [...]
