Monzo close to deal with Alphabet for up to £500m funding round: report November 19, 2023 Alphabet, the parent company of Google, is reportedly in talks to acquire a major stake in digital bank Monzo in a boost for Britain’s fintech sector.
MultiversX offers up massive million dollar hackathon prize fund September 22, 2023 Web3 ecosystem MultiversX is to hand out a mammoth $1m prize fund at its xDay Hackathon.
Nvidia: Analysts say “more juice for the orange” as share price spikes August 20, 2023 Ahead of its second-quarter results, American chip designer Nvidia is riding high after a successful first half, with shares skyrocketing over 200 per cent since January, and analysts foreseeing more gains. Nvidia, the S&P 500’s star of the year, is anticipated to report a 65 per cent year on year sales surge to $11.1bn (£8.7bn). Earnings [...]
The CMA decision to block Microsoft’s Activision deal could cost us dearly in the UK June 6, 2023 The CMA decision to block Microsoft from acquiring Activision could be detrimental in the long-run: it could scare off other companies who will choose to set up shop elsewhere, writes Jason Chapman
Let’s be honest, China won’t beat the West as it ignores the problems on its home turf May 18, 2023 The absence of free speech and political accountability has an economic impact in China. Beijing will stay important, but it won't surpass the West, getting older before it gets richer, writes Matthew Lesh
Spotify hits record half a billion monthly users and forecasts future revenue to soar April 25, 2023 The number of monthly active users on Spotify passed the half a billion milestone for the first time, the music streaming platform reported today. The number of monthly active users rose 27 per cent to 515 million in the first quarter of this year, 15 million more than the company’s estimates. Premium subscribers also grew [...]
Revolut and the race – or not – to superapp status November 17, 2022 What on earth is a superapp and do we really want one, asks Charlie Conchie
Tencent vows to ‘distribute’ $20.3bn Meituan shares to investors November 16, 2022 Tencent has vowed to give its shareholders $20.3bn (£17.4bn) worth of shares in Chinese food delivery firm Meituan as it seeks to reduce its holdings in China’s tech sector. The Shenzhen conglomerate’s “special dividend” comes as its sales dropped two per cent year-on-year, to £16.6bn, on the back of a five per cent drop in [...]
A little birdwatching: Are tech firms like Musk’s Twitter ready for regulation? November 16, 2022 ELON MUSK’s dramatic takeover of Twitter – complete with firing the entire management team and half the staff – has been the talk of, ahem, Twitter for the past week, as well as much of the rest of the world. It has also divided opinion amongst the most strongly politically engaged. Many on the right [...]
Deep dive with DreamWorks’ former CTO: ‘Forget social media, the Metaverse tracks people much more intimately’ November 12, 2022 The novel Snow Crash has had the privilege of coining a term that would later become one of the most important words of the 21st century: metaverse. Google search trend data for the term shows an explosion from relative obscurity with a search volume score of 4/100 in early October 2021, to an all-time global high by search [...]