Twitter shares rise as revenue beats $1bn for the first time February 6, 2020 Shares in Twitter rose as much as eight per cent in pre-market trading today after the social media firm missed profit estimates but beat $1bn in quarterly revenue for the first time. Twitter reported net income of $119m (£91m), down from $255m on the same quarter last year and behind expectations. However, the social media [...]
Airbnb bans under-25s from booking ‘party houses’ after violence February 6, 2020 Airbnb has launched a crackdown on young people booking entire properties in a bid to prevent house parties from descending into violence. The new rules have been rolled out in Canada as part of a trial programme, though the company did not say whether it will be extended to other countries. It comes after a [...]
Fusion energy can power us to a greener world February 6, 2020 There is an old joke among scientists: fusion power is 30 years away, and always will be. Yet as we enter the decade in which the big questions on the future of energy must be answered, is it time to revisit fusion and its unrivalled potential to change the way the world generates power? The [...]
It’s time for marketers to give the emoji a thumbs up and a smiley face February 6, 2020 There is a clear rule of thumb in the world of marketing: emojis equal engagement. Emails with an emoji in the subject line have better click-throughs, and social media posts with images get more responses. Given this, why do some marketers still feel that these modern-day hieroglyphics are a formality fail, especially in a business setting? [...]
Tech firms needs to earn back public trust in order to innovate February 6, 2020 Innovations in technologies such as biometrics, cyber security, and artificial intelligence stand to perform an unprecedented, positive role in society. But their development means that we’re being asked to entrust more of our lives to technologies that we don’t fully understand, hand over our data to people we can’t see, and form relationships with businesses [...]
Relief for shortsellers as Tesla stock slumps 14 per cent February 5, 2020 Investors betting against electronic carmaker Tesla may breathe a sigh of relief after its stock slumped more than 14 per cent. Tesla is the largest short in the domestic market with short interest of $14.28bn, but short sellers have been dealt a blow in the last week as Tesla’s stock climbed above $900 (£692.7). Tesla’s [...]
Digital sector contributes £149bn to UK economy amid tech boom February 5, 2020 Digital companies contributed £149bn to the economy in 2018 as the UK retained its position as a leading tech superpower. The figure, which equates to £400m per day, means the digital sector accounts for 7.7 per cent of the UK economy as a whole. Growth in the thriving tech sector was also six times larger [...]
Mike Lynch arrest: Autonomy CEO submits himself for arrest in US extradition case February 5, 2020 Autonomy founder Mike Lynch has this morning submitted himself for arrest in what his legal team said is a formality triggered by a US extradition request. Lynch – who is facing charges of securities fraud, wire fraud and conspiracy in the US related to the 2011 sale of Autonomy to Hewlett Packard (HP) – has [...]
US executive to leave Softbank’s $100bn Vision Fund February 5, 2020 A top US executive is leaving Softbank’s $100bn Vision Fund after expressing concerns about “issues” at the Japanese investment giant, which has been hit by a series of setbacks over the past few months. Michael Ronen, a former banker at Goldman Sachs who joined Softbank in 2017, told the Financial Times he was leaving and [...]
Disney beats estimates and boasts 28.6m new subscribers for streaming service February 4, 2020 Walt Disney beat analysts’ estimates for its quarterly revenue and boasted 26.5m for its Disney Plus streaming service in the quarter. In a conference call after the earnings release, chief executive Bob Iger said Disney Plus is now at at 28.6m paid subscribers as free trials turned into paid subscriptions. He said the service has “exceeded [...]
