NBCUniversal quietly offloads $500m Snapchat stake March 9, 2020 NBCUniversal has quietly offloaded its $500m (£381m) stake in Snapchat as the US media giant ramps up preparations for its new streaming service. Parent company Comcast acquired the shareholding in March 2017 when Snap completed its initial public offering. The investment was passed to NBCUniversal, which then quietly sold off the stake last year. NBCUniversal [...]
Twitter boss Jack Dorsey keeps jobs after firm strikes deal with activist Elliott March 9, 2020 Twitter boss Jack Dorsey will hold on to his position after the social media firm struck a deal with an activist investor that mounted a dramatic coup attempt. Hedge fund Elliott Management, which is led by billionaire Paul Singer, has built a stake of roughly four per cent in Twitter and pushed for an overhaul [...]
Amazon to sell check-out free store tech to other retailers March 9, 2020 Amazon has launched a new business to sell its check-out free store technology to other retailers. The tech giant launched a website this morning inviting customers to inquire about the service. Amazon, which uses similar technology in its own chain of convenience stores, said it has already signed several deals. The ‘Just Walk Out’ technology [...]
Facebook sued by Australian data watchdog over Cambridge Analytica scandal March 9, 2020 The Australian Information Commissioner (OAIC) is suing Facebook over alleged privacy breaches related to the Cambridge Analytica scandal. In a case filed with the Federal Court today, the watchdog alleged that the personal data of more than 300,000 Australian Facebook users had been exposed to be sold and used for purposes including political profiling. The [...]
New government cyber unit to grill social media firms over coronavirus fake news March 9, 2020 The government has set up a new cyber team to crack down on the spreading of fake news linked to the coronavirus outbreak on social media platforms. Departments across Whitehall have been brought in to form a new unit aimed at assessing the potential extent, scope and impact of fake news. The team will also [...]
How better competition policy can restore public trust in capitalism March 6, 2020 Competition policy is not something most people spend much time thinking about. It’s a dry, legalistic area of policy that even elected officials themselves have largely preferred to delegate to technocratic regulators. Yet competition policy is an integral part of the lifeblood of capitalism. At a time when trust in the market economy is under [...]
Airbnb signs data sharing partnership with European Commission March 5, 2020 Airbnb has signed a data sharing partnership with the statistical office of the European Commission. The agreement with Eurostat will give European public authorities access to independently published data on short-term rentals on Airbnb. “The agreement will for the first time permit access to reliable data about holiday and other short-stay accommodation offered via these [...]
Philips Hue Play HDMI Sync Box review: Transforms your living room into an immersive light show March 5, 2020 The Hue Sync Box synchronises your Hue smart bulbs to your television, changing the colour and intensity of individual lights in the room based on what’s happening on the screen. On paper that might sound like a gimmick, but in practice the effect is unexpectedly mesmerising. The box sits between up to four HDMI-enabled media [...]
Logitech StreamCam review: A smart webcam for content creators and collaborators March 5, 2020 As fears of a global pandemic begin to tighten their grip on the capital, more and more businesses are requesting that their employees work remotely, rather than slither into the office to spread disease with their grubby little paws and miasma-spluttering faces. The outbreak has even prompted Google and Microsoft to temporarily grant free access [...]
Ex-Uber self-driving chief Anthony Levandowski declares bankruptcy March 5, 2020 Uber’s former self-driving unit boss Anthony Levandowski has declared bankruptcy, after being ordered to pay Google $179m. Anthony Levandowski has been engaged in a long-running battle with Google’s parent company, Alphabet, after it was alleged he stole secrets from the company’s autonomous driving unit Waymo. Levandowski had been an engineer for the self-driving project, before [...]