Nokia exits Russian market following Ericsson’s lead April 12, 2022 Nokia has announced it will be going one step further than its rival Ericsson and will fully pull out of the Russian market.
Hostile Twitter takeover rumours grow as Elon Musk boasts he can grow stake ‘at any time’ April 12, 2022 The richest man in the world, Elon Musk, has fuelled rumours he will attempt a hostile takeover of Twitter, after saying he can boost his stake in the site “at any time”. The billionaire entrepreneur who runs Tesla and Space X became the social media giant’s main shareholder last week, but rejected an invitation to [...]
Fake friends: Impersonation Instagram scams sky rocket by 155 per cent April 12, 2022 New data published this morning has revealed that Instagram has seen a 155 per cent spike in impersonation fraud in the past year as the scam wars continue to plague social media. According to research from Lloyds Bank, the uplift in tricksters can be contrasted with falling levels across Facebook and Snapchat, which were down [...]
Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)
EU regulators set to whack Apple Music with another antitrust charge April 11, 2022 European regulators are set to whack Apple Music with an additional anti-trust charge following Spotify's complaints about the tech giant distorting competition in the market.
Elon Musk turns down Twitter board after asking 80m followers: ‘Is it dying?’ April 11, 2022 Elon Musk, the man behind Tesla and SpaceX, has turned down a spot on Twitter’s board, after being revealed as the platform’s majority shareholder. New Twitter CEO Parag Agrawal confirmed this morning: “Elon has decided not to join our board. “I believe this is for the best.” Musk was due to step onto the board [...]
Apple under spotlight amid spying claims April 10, 2022 The UK’s information watchdog is investigating Apple following whistleblower claims that the Silicon Valley giant had gained access to employee information via their mobile phones. Former senior Apple engineer Ashley Gjøvik filed a complaint to the UK Data Protection Information Commissioner’s Office (ICO) which suggested the iPhone maker used unlawful data collection processes over “years [...]
Business of Space: ‘We’re taking business off the face of the Earth,’ says NASA administrator ahead of launch April 8, 2022 This week: Type One bets on London A historic commercial collaboration NASA’s moon setbacks Type One US-based venture capital fund Type One has launched a $50m (£38.3m) space and deep tech fund in London, as it steps into UK and European markets. The firm, which has $100m in assets under management, is hoping to catch [...]
Tesla boss Elon Musk builds largest and ‘most advanced car factory’ on Earth April 8, 2022 Tesla boss Elon Musk claims to have built the largest factory in the world by volume, at its grand opening last night. The billionaire tech entrepreneur’s Giga Texas Tesla factory, 338m cubic feet in volume, is also hoped to be the biggest battery cell facility in the world “over time”. Speaking at the Cyber Rodeo [...]
Pfizer bets on British drugmaker with $500m deal April 8, 2022 Pfizer has inked a $525m (£401m) deal with ReViral, after the pandemic paved the way for more acquisitions within pharma and biotech sectors. The famed Covid-19 vaccine maker is looking to improve its pipelines of treatments, with ReViral a specialist in drugs for respiratory viruses. It its Pfizer’s second large acquisition in just six months, [...]