Darktrace: Dips and Dives February 24, 2022 For a cyber security firm Darktrace’s reputation has been anything but secure. As Jack Stockdale, CTO and founding partner, told City PM: “One minute you can be the tech darling, the next minute you’re not. Then, suddenly, you are again!”
WPP swings from £2.2bn loss with ‘fastest organic growth for over 20 years’ February 24, 2022 WPP has swung from the eyewatering £2.2bn loss it swallowed in 2020, pulling in £1.2bn in profit last year. In what CEO Mark Read has hailed as WPP’s “fastest organic growth for over 20 years”, the technology, media and communications heavyweight has returned more than £1bn to shareholders, it said in its preliminary results today. [...]
Vice Media unveils metaverse HQ February 23, 2022 Vice Media has created its own office inside the metaverse, as more and more firms take a leap into the virtual world.
Tech giants prefer fines to compliance says EU’s Margrethe Vestager February 23, 2022 Some tech giants may prefer to pay a fine rather than comply, said the European Union's antitrust chief, citing Apple's recent battle with the Dutch courts.
Influx of foreigners: Rapid rise in hiring and relocating overseas talent to the UK due to severe shortage of job candidates February 23, 2022 A severe shortage of job candidates in the UK is fuelling a rapid rise in the number of British employers seeking out international talent to fill their vacancies and offering them more support in their move to a new country and city. Relocation platform PerchPeek told City PM this morning that it has seen a 327 per cent [...]
Ofcom clamps down on fake number fraud February 23, 2022 UK phone companies will make it harder for scammers to use their networks, under a range of measures proposed by media regulator Ofcom today. Almost 45 million people were targeted by scam calls and texts last summer. Criminals are becoming increasingly sophisticated, and nearly a million of these consumers followed the scammers’ instructions, risking financial loss and [...]
Darktrace snaps up Dutch Cybersprint to drive preventative cyber attack approach February 23, 2022 Tech darling Darktrace announced that it has snapped up Cybersprint, an attack surface management company that provides continuous, real-time insights from an outside-in perspective to eliminate blind spots and detect risks, for €47.5m (£39.6m), valuing the transaction 12.5 times Cybersprint’s annual recurring revenue.
Facebook ‘Reels’ goes global as it tries to keep up with TikTok and attract creatives February 22, 2022 Facebook has announced that it will be expanding the availability of its Reels for iOS and Android to more than 150 countries, widening the reach of its copycat TikTok feature. The Reels feature was first introduced at the end of last year and the tech firm’s new strategy hopes to help creators earn money from their Reels [...]
OnlyFans accused of blacklisting performers on rival sites February 22, 2022 OnlyFans has come under fire for accusations that it blacklists social media accounts of adult performers who work for rival platforms.
Trump’s new social media platform tops Apple app store downloads February 21, 2022 Donald Trump's newly launched app Truth Social is proving to be a hit with users and could mark the former president's return to social media.
