Bitcoin’s $1 trillion market cap ‘too important to ignore’ as retail investments grow March 22, 2021 CryptoCompare data shows the price of Bitcoin (BTC) dropped from a $61,800 all-time high to a $54,000 low this week before recovering and retesting the $60,000 mark on numerous occasions.
Valuation of Fortnite creator Epic Games soars to $28bn after lockdown demand March 20, 2021 The owner of two big pandemic winners, Fortnite and Houseparty, has reportedly closed a new fundraising round which brings its valuation to around $28bn. Epic Games is finalising the terms of a $1bn fundraising just seven months after its last round, according to Sky News. Last summer the Houseparty-owner secured a $17.3bn valuation after a [...]
Corona Impact Series: How a Shoreditch expense-tech bounced back during lockdown March 20, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. Today: How an expense-tech scale-up helped businesses keep track of their spending when spending dropped through the floor. Before the pandemic, Jeppe Rindom, co-founder and CEO of Pleo – [...]
Zoom: What’s next for the Covid-19 pandemic’s biggest winner? March 18, 2021 There is a moment all marketers dream of when a product becomes so commonplace that the brand name becomes a verb. This achievement was last year bestowed on Zoom, the previously obscure video conferencing platform that almost overnight became relied upon for both work and socialising. It was a year of eye-watering success for the [...]
The artificial intelligence influencers that you should be following March 18, 2021 Artificial intelligence (AI) is the ultimate manifestation of the promise of technology to improve our lives. Within our lifetimes AI will become omnipresent across every segment of economic activity and within every field of human endeavour. But AI is not a single genus but a constellation of technologies that must work together in harmony. By [...]
Uber: What does the workers’ rights U-turn mean for the ride-hailing giant? March 17, 2021 Uber agreed yesterday to give its 70,000 UK drivers holiday pay and pensions following a landmark ruling in the Supreme Court. The court ruled that all UK drivers are employees of the taxi giant — rather than being self-employed — and are therefore eligible to receive holiday pay on a fortnightly basis. Susannah Streeter, senior [...]
Apple spending from ‘green bonds’ hits $2.8bn March 17, 2021 Apple said this morning the tech giant allotted $2.8bn raised from ‘green bonds” funded 17 projects last year, which will generate 1.2 gigawatts of renewable energy. It said the projects will avoid an average of 921,000 metric tons of carbon emissions each year, which it said is equal to removing nearly 200,000 cars from the [...]
Back to work: Nutrition tricks to prepare you for an office return March 16, 2021 As we prepare for a phased return to something resembling normality, you can’t overstate the importance of nutrition to get you brain ready for the daily grind. Here are some nutrition tips and tricks to help set some positive new habits. The first thing to bear in mind is that there is no one best [...]
China asks Alibaba to sell media assets amid crackdown on Jack Ma March 16, 2021 China is said to have asked Alibaba to sell its assets in the media sector as Beijing continues to pile pressure on the company’s billionaire founder Jack Ma. The two sides have been in discussions over the matter since the beginning of the year, according to multiple media reports, with officials said to be shocked [...]
Diverse Oscar noms drag 90-year-old awards into 21st century March 15, 2021 In recent years, the nominations for the Academy Awards have often drawn anger and frustration. #OscarsSoWhite became a regular trend for past ceremonies as actors of colour were ignored, while there was ongoing criticism at the absence of female behind the scenes nominees, and LGBTQ+ artists. Today, observers held their breath as this year’s nominations [...]