Watchdog steps up probe into tech giants over digital ad dominance December 15, 2019 The competition watchdog is set to publish its initial findings into the dominance of tech giants in the digital ad market this week, paving the way for a possible in-depth investigation. In July the Competition and Markets Authority (CMA) launched a market study into Google and Facebook, amid concerns the so-called duopoly could be stifling [...]
Delivery Hero takes a bite out of Asian market with $4bn Woowa deal December 13, 2019 Delivery Hero has agreed a $4bn (£3bn) deal to purchase South Korea’s biggest food delivery app and form a joint venture, driving up competition in the rapidly-growing Asian market. The Berlin-based group today signed a deal to take over Woowa Brothers, the startup behind the Baedal Minjok app – more commonly known as Baemin. Read [...]
HP accuses Autonomy boss Mike Lynch of lying in $5bn fraud trial December 12, 2019 Hewlett-Packard (HP) today accused British businessman Mike Lynch of lying to the High Court when he gave evidence in his $5.1bn (£3.9bn) Autonomy fraud trial. HP is suing Lynch, the founder of software firm Autonomy, and his former finance chief Sushovan Hussain, over claims they falsely inflated the company’s revenue for two years before the [...]
Meet Beam, the social enterprise crowdfunding training for homeless people December 12, 2019 Charitable giving is one of the hallmarks of the festive season. And with the weather getting colder at Christmas, it’s important to highlight the desperate situation facing London’s homeless population. Estimates vary, but it’s believed that roughly 170,000 people are homeless in the capital. The vast majority of these are living in homeless shelters, hostels, [...]
Closing the wage gap: Why people of colour get paid less in the tech industry December 11, 2019 The technology industry brands itself as forward-thinking, but salary data tells another story. The gender wage gap — in tech and throughout the job market — has permeated discussions for many years now, and rightfully so, but pay discrimination is affecting other marginal groups without making headlines as often. In fact, racial pay disparity is [...]
Telefonica shuns security fears as it picks Huawei for German 5G network December 11, 2019 Telefonica Deutschland has tapped Huawei to build its 5G network in Germany, despite concerns that the Chinese telecoms firm could pose a threat to national security. Germany’s second-largest mobile company today said it will slash its dividend almost 40 per cent as it prepares to pump money into the new network, which will also use [...]
Mike Lynch $5bn fraud trial enters final stages December 11, 2019 British businessman Mike Lynch will face renewed scrutiny tomorrow as Hewlett-Packard kicks off its closing submissions in a $5.1bn fraud trial centred on its acquisition of software firm Autonomy. Hewlett-Packard is suing Lynch, the founder of software company Autonomy, and the firm’s former finance chief Sushovan Hussain, accusing the company of falsely inflating its revenue [...]
Rugby, Avengers Endgame, and Article 50: What trended on Google in 2019? December 11, 2019 Rugby, cricket and Game of Thrones topped Google searches in both London and the UK, as Google released its 2019 Year in Search lists today. Google also revealed the most popular people, events, and topics searched in London and the UK. England’s run to the final of this year’s Rugby World Cup propelled the event [...]
Netflix shares slide after analyst predicts subscriber losses December 11, 2019 Netflix shares closed down three per cent last night after a broker slashed its rating for the streaming service amid growing competition. Laura Martin, media and internet analyst at Needham, downgraded Netflix from “hold” to “underperform”, predicting that the service will lose 4m US subscribers in 2020 as new rivals enter the market. Read more: [...]
