Watchdog opens competition probe into Uber’s Autocab takeover January 29, 2021 The competition watchdog has opened an investigation into Uber’s planned takeover of taxi tech firm Autocab. The Competition and Markets Authority (CMA) today said it had launched a probe and was inviting views on how the deal could impact the private hire vehicle market in the UK. Stockport-based Autocab sells booking and dispatch software to [...]
Screenshot: How Reddit shone a light on the madness of markets January 29, 2021 This week **Media Moment of the Week: Das ist Numberwang! **How Redditors beat the market at its own game **Do influencers need a rebrand? Media Moment of the Week: Das ist Numberwang! This week’s media moment is one that journalists the world over would probably rather forget but, being the intrepid media reporter that I [...]
UK tech sector outpaces entire private sector January 29, 2021 The UK’s tech sector expanded at a stronger rate than the entire private sector last quarter and is set to reach a four-and-a-half year high this year. Tech saw another rise in business activity in the fourth quarter, according to IHS Markit and KPMG research, although the pace of expansion slowed amid a wider economic [...]
‘Antibody cocktail’ could cut risk of death from Covid by 70 per cent January 28, 2021 The UK’s medicines regulatory body is reviewing a new “antibody cocktail” that could reduce the risk of death from people most at-risk from coronavirus by 70 per cent. The Medicines and Healthcare Products Regulatory Agency (MHRA) is carrying out advanced tests of bamlanivimab and etesevimab after trials showed “very encouraging” results. If approved they could [...]
Tech training top of the agenda for UK businesses January 28, 2021 UK businesses are prioritising digital transformation amid the pandemic with tech training coming top of the agenda. The pandemic has seen a rapid uptake in digital adoption as consumers are forced to shop online and businesses are being forced to adapt. An overwhelming majority of large firms have said the pandemic has prompted them to [...]
Exclusive: Friendship app Yubo to expand workforce 10-fold this year, says CEO January 28, 2021 In a year that saw UK schools close their doors and social gatherings move to video platforms, Gen Z ‘friendship’ platform Yubo saw live streams increase by 550 per cent, with streamers spending an average of two hours per day on the app. Since its launch in 2015, the platform that connects people based on shared interests has [...]
Competition watchdog opens probe into Facebook’s Giphy takeover January 28, 2021 The UK competition watchdog has launched a formal investigation into Facebook’s takeover of popular gif search engine Giphy. Facebook last year announced it planned to merge the gif-maker with Instagram in a deal worth a reported $400m (£321m). The Competition and Markets Authority (CMA) served an initial enforcement order in June, forcing the social media [...]
Apple earns $100bn in single quarter January 27, 2021 Silicon valley giant Apple has earned more than $100bn in its first quarter of 2021, making it one of just a handful of firms to ever have done so. Apple’s revenue for the quarter ended December 26 rose 21 per cent to $111.44 billion. Earnings per share rose to $1.68 from $1.25. Analysts had expected [...]
Tesla achieves first-ever $10bn quarter January 27, 2021 Tesla has posted its first-ever $10bn quarter following a successful year that saw its founder, eccentric billionaire Elon Musk, become the world’s richest person. Tesla beat Wall Street estimates for fourth-quarter revenue after beating 2020 deliveries earlier this month on a steady rise in electric vehicle demand. The carmaker, led by billionaire entrepreneur Elon Musk, [...]
Facebook revenue beats analyst expectations and rises to £28bn in fourth quarter January 27, 2021 Revenue at Facebook rose to $26.44bn in the fourth quarter of 2020, up some $7bn on the same time last year. Facebook beat analysts’ estimates for quarterly revenue on today, powered by increased ad spending by businesses to capitalise on a holiday shopping season driven online by the pandemic. Total revenue, which comprised primarily of [...]
