Spotify calls out ‘kafkaesque’ App Store regulations in its audiobook push October 26, 2022 The boss of Spotify has criticised Apple for stifling its big break into audiobooks, calling its rules around customer access “kafkaesque”. The music streaming firm first announced that it would be pushing into audiobooks back in September, offering a potential rival to Amazon’s Kindle services in the US market. However, Spotify CEO Daniel Ek told [...]
Halloween in London: the best spooky things to do October 26, 2022 Halloween is this coming Monday which means London’s bars and restaurants have all manner of spooky Halloween events to celebrate. Whether you’re looking to go pumpkin carving, partying with themed cocktails, or just for some decent food, here are the best Halloween events in London this weekend. Pumpkins in Covent Garden It’s not quite the [...]
Apple ups prices for music and TV for first time ever October 25, 2022 Apple has hiked its prices for its music and TV services for the first time ever this week, perhaps signalling things to come for its biggest streaming rivals. The tech giant said it would be increasing the price of Apple Music globally by $1 to $10.99, and breaking away from the standard ‘9.99’ price level [...]
Tech stocks get ready for a rocky road ahead October 24, 2022 BIG TECH braces itself for another testing earnings season, as the biggest names in Silicon Valley post their quarterly figures this week. Kicking off the tumble last Friday, Snapchat posted a rocky quarter, citing squeezed ad spend and ongoing macroeconomic uncertainty as the main driver. Not only has Snapchat’s parent firm lost a quarter of [...]
Former Google boss says regulation must focus on choice rather than tech interference October 24, 2022 Former Google ads boss said the government needs do more to restrict market dominance, but shouldn’t interfere too much with how the tech ecosystem actually works. Speaking with City A.M., former Silicon Valley exec turned search-engine startup founder Sridhar Ramaswamy said that regulators need to find a balance between keeping behemoths like Apple and Google [...]
How to invest in the metaverse October 21, 2022 Crypto AM columnist Jonny Fry digs deep into his wisdom vaults to explain how to invest sensibly in the metaverse.
Advertising cuts continue to sting Snapchat October 21, 2022 Snapchat’s growth continued to plateau this quarter as the advertising slump continues for the social media company. Falling well below most Wall Street estimates, Snap’s said revenue climbed a humble six per cent to $1,13bn, while net losses widened from $72m to $360m. Adjusted earnings before interest, taxes, depreciation, and amortisation was $73m, compared to [...]
The blockchain virtual machine protecting itself from Orwellian CBDCs October 20, 2022 Dr Chris Kacher hails the value of blockchain and the metaverse, but gives both barrels to the notion of CBDCs.
Inside £9bn Battersea Power Station renovation October 20, 2022 It could have become a theme park in the 1990s if developers got their way. But last week the Battersea Power Station building reopened for the first time since the iconic development stopped lighting up London back in 1983. It powered Buckingham Palace and the Houses of Parliament, supplying one fifth of London’s electricity, but [...]
London’s FTSE 100 dragged down by windfall tax rumours hitting UK banks October 19, 2022 London’s FTSE 100 was dragged lower today by investors ditching UK banks on fears they will be hit by a windfall tax by new chancellor Jeremy Hunt. The capital’s premier index fell 0.17 per cent to 6,924.99 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]