Disney names new chair as home of Mickey Mouse prepares for boardroom battle January 12, 2023 Walt Disney has named Nike veteran Mark Parker as its next chair while snubbing activist investor Nelson Peltz, who the company declined to nominate as a director. This comes after the multimedia giant faced demands from activist investor Peltz for a board seat. Peltz is the head of New York-based Trian Partners, which owns a [...]
Exclusive sitdown: Inflation is forcing advertisers to make some tough choices, warns Ebiquity’s boss January 10, 2023 As inflation hit the highest levels in decades in the UK last year, and across large parts of the world, and the cost of living crisis is eating up the household budgets of millions of Brits, many industries are increasingly suffering. That won’t be any different in 2023 and the advertising space is no exception. [...]
Musk lifts Twitter ban on political ads but may need to do more to lure advertisers back to the social media site January 5, 2023 Twitter is to lift its ban on political ads after losing nearly a million users since it was bought by Elon Musk in October last year. Musk’s controversial policy of reinstating controversial accounts including that of former US President Donald Trump, led to the reported loss of nearly 50 per cent of Twitter’s top advertisers. [...]
Shocking revelations in leaked extract of Prince Harry’s book: ‘William physically attacked me and branded Meghan “abrasive” January 5, 2023 The Duke of Sussex has reportedly claimed he was physically attacked by his brother over the younger prince’s marriage to Meghan Markle. In a leaked extract of his highly anticipated autobiography, Spare, to The Guardian newspaper, Prince Harry alleged the confrontation took place at his London home in 2019 and had left him with a [...]
Influencer Andrew Tate ‘detained in Romania on suspicion of human trafficking and rape’ December 30, 2022 Social media influencer Andrew Tate has reportedly been detained in Romania on suspicion of human trafficking and rape. The former kickboxer was held alongside his brother, Tristan, and two other suspects while his house was raided in the capital, Bucharest. “The four suspects … appear to have created an organised crime group with the purpose [...]
Meta under fire may face £10m fine from EU December 20, 2022 Meta, Facebook’s parent company has been accused of flouting competition rules by an EU commission. If the charges are proven, they may face a penalty of up to £10m. Meta is likely in breach of the European Union’s anti-trust regulations. The EU’s preliminary review has found that Meta has tied access to the social media [...]
Musk should step down, says Twitter poll December 19, 2022 On Sunday, Elon Musk asked Twitter users if he should step down as CEO. The polls closed with per cent users voting yes. 17,502,391 people responded to the poll. Billionaire Elon Musk became the owner of Twitter following a $44b (£36b) deal and a court case forcing him to go forward with the purchase. Since [...]
Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? November 8, 2022 Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]
Twitter lay-offs begin as Elon Musk warns of ‘massive drop’ in revenues November 5, 2022 Elon Musk has begun laying off thousands of Twitter workers after warning the social media company is losing more than $4m a day due to a “massive drop” in advertising revenues. The tech billionaire began pushing forwards with plans to lay off around half of Twitter’s 7,500 staff, just more than a week after completing [...]
Musk massacre: Thousands of Twitter staff expect to be sacked via email at 9am today November 4, 2022 Social media giant Twitter is expected to tell staff later today whether they are to be dismissed as part of job cuts in the wake of Elon Musk’s takeover. There have been suggestions that as many as half of the social media giant’s global workforce could be cut. Twitter employs more than 7,500 people around [...]