Uber co-founder Travis Kalanick offloads $550m in shares November 11, 2019 Uber’s ousted co-founder and chief executive Travis Kalanick has sold nearly 21 per cent of his stake in the ride-hailing app since restrictions on trading expired last week. Read more: Uber shares hit record low after IPO lock-up expiry In a series of transactions, Kalanick sold more than 20m shares worth roughly $547m (£425m), according [...]
Mobile shopping platform Rezolve bags tie-up with Korean retail giant Lotte November 11, 2019 Mobile shopping tech firm Rezolve has signed a multi-million-pound deal with South Korean conglomerate Lotte Corporation as it expands its presence in Asia. Lotte will use the London startup’s technology in its supermarket app, allowing customers to make purchases by scanning promotional print leaflets with their smartphone. Read more: Mobile shopping platform Rezolve secures bumper [...]
Floating on Airbnb: We meet the founder who is taking the hassle out of hosting November 11, 2019 When James Jenkins-Yates rented out his London home via Airbnb while he went on holiday to Rome, it was a complete disaster. “Everything went wrong,” he tells me. “I had three back-to-back bookings over the week and guests were everywhere — I received calls at 3am, one guest couldn’t get in through the gate, cleaners [...]
London gym 1Rebel unveils at-home Peloton competitor November 11, 2019 City gym studio 1Rebel has revealed a collaboration with equipment provider Technogym to take its rivalry with US fitness giant Peloton to the next level. 1Rebel is expanding into the at-home gym market, partnering with Technogym to develop an exercise bike and a wealth of both live and pre-recorded spin classes for fitness enthusiasts. Since [...]
Would libra have more success if it wasn’t launched by Facebook? November 11, 2019 At the World Blockchain Forum in September, one of the speakers asked who in the audience thought that libra was likely to succeed in taking cryptocurrencies mainstream. About half the room raised their hands. He then continued: “Who wants it to be Facebook that achieves this?” All hands were hastily lowered. It comes as no [...]
London startup founded by NHS manager secures £9.1m injection November 11, 2019 Visionable, a healthtech startup co-founded by a former NHS manager and independent peer Lord Victor Adebowale, has today revealed its series A funding round at £9.1m. The raise was led by West Hill Capital, which valued the business at £47.6m. Visionable provides doctors, paramedics and others in the NHS with video conferencing software specifically designed [...]
The legacy of the Berlin Wall is the city’s thriving tech scene November 8, 2019 Tomorrow marks the thirtieth anniversary of the fall of the Berlin Wall, arguably the most symbolic political moment of the post-war twentieth century. On 9 November 1989, tens of thousands of people flooded across a barrier that had divided ideologies for 28 years. The German capital was transformed. Anniversaries like this are important because they [...]
Revealed: The 50 fastest growing tech companies in the UK November 8, 2019 Firms based in London dominate a new ranking of the 50 fastest growing tech companies in the UK. Fintech bank Revolut took poll position as the technology firm with the quickest revenue expansion in the index, compiled by audit firm Deloitte. Read more: Gocardless and Transferwise join forces for global recurring payments service Revolut racked [...]
Update UK electoral law on political ads, says Facebook November 7, 2019 Facebook has called for UK politicians to regulate online political adverts, and said Britain’s electoral law “needs to be brought into the 21st century” as they defended the social media giant’s controversial decision to allow political adverts on its platform. Head of UK public policy Rebecca Stimson said Facebook was “better prepared than ever before” [...]
Dirty data deals on the dark web are a risk to business November 7, 2019 Five years ago, you’d be hard-pressed to find anyone who had even heard of the dark web. Now this realm of mystery is the topic of books and films – not to mention daily headlines alongside news on the latest cyber breach. It’s got a reputation as the “go to” place for buying anything illegal, [...]
