Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
Virgin Media O2 posts improved profitability as prices rise across the board July 28, 2022 Virgin Media O2 has posted a return to revenue growth and improved profitability during the second quarter as the telecom giant turns to price rises.
Advertising spend enjoys temporary comeback as inflationary pressure threatens growth July 28, 2022 A new report has warned that despite advertising spend getting back on its feet in the first quarter of 2022, this momentum will be relatively short-lived.
From music festivals to web 3, It’s all about community for Harry Horsfall July 27, 2022 From music festivals to DeFi conferences, Harry Horsfall is a force of nature. His energy levels are prestigious and much spoken of, his enthusiasm infectious and his clarion call of We are all going to make it or WAGMI – one of the genuine ones. Harry is Web3 personified. His digital Web3 marketing company ZebuDigital [...]
Spotify defies market subscriber slump as users climb for streaming giant July 27, 2022 Spotify appears to have defied the subscriber downturn seen by many tech firms, posting a 14 per cent jump in paying subscribers in its second-quarter results.
Watchdog dismisses concerns that music streaming causes harm to artists and backs consumer choice July 26, 2022 The UK competition watchdog has found that music streaming delivers good outcomes for consumers and dismisses concerns that the concentrated market is causing harm or driving the issues raised by artists.
Sir Craig Reedie interview: Inside London 2012 and why Olympics was value for money July 25, 2022 If you lived through the London 2012 Olympics then you will probably remember where you were for its most spectacular or poignant moments – Super Saturday, Danny Boyle’s vivid opening ceremony, Andy Murray winning tennis gold – and Sir Craig Reedie is no different. But while the former chairman of the British Olympic Association, one [...]
‘Just me then?’ Rishi Sunak agrees to Andrew Neil grilling on Channel 4 but Liz Truss refuses to come July 25, 2022 Channel 4 said this afternoon that former Chancellor and Tory leadership hopeful Rishi Sunak has agreed to be interviewed by veteran political journalist Andrew Neil. However, his main rival – Liz Truss – has declined, the channel confirmed. The former chancellor will be grilled live at 7.30pm on Friday on the network, where Neil hosts [...]
Twitter blames Musk for declining revenue July 22, 2022 Twitter has blamed Elon Musk for its revenue decline in the second quarter as the social media firm feels the strain of failed takeover talks. Revenue dropped one per cent year-over-year to $1.18bn, falling short of the projected $1.32bn. While the social media titan blamed the challenging macroeconomic environment for the revenue dip, it also [...]
Summer getaway: Dover ‘critical incident’ blamed on French border staff being ‘woefully inadequate’ July 22, 2022 Dover authorities have slammed “woefully inadequate” staffing levels at the French border, with queues on UK motorways tailing back for miles. Ferry operators told travellers to leave several hours to account for delays, while motoring group RAC urged drivers to set off early in a bid to beat long queues. There was a perfect storm [...]