Uber lays off 400 marketing staff in drive to trim IPO bloat July 30, 2019 Uber has laid off a third of its global marketing team as it pushes to cut bloat after its stock market debut in May. The decision to cut its marketing team from 1,200 to 800 people represents an overall staff reduction of roughly 1.6 per cent worldwide. Read more: Uber and rival Ola sniff around [...]
Sextortion and bomb threats fuel rise in email scams July 30, 2019 The number of email extortion scams has spiked in recent months as cyber criminals increasingly use fabricated bomb and sex threats to dupe victims into handing over money. In a report published today, cybersecurity firm Symantec said it blocked almost 300m extortion scam emails from the start of the year until the end of May. [...]
Huawei shrugs off US blacklisting with strong first half revenue growth July 30, 2019 Huawei has posted a sharp rise in revenue for the first half, despite the US’s attempts to cripple its global trading. President Donald Trump has added the Chinese firm to a trade blacklist, effectively blocking it from doing business with American companies. Read more: US sanctions blamed for Huawei 5G decision delay But the move [...]
Facebook fact checkers stumped by satire amid crackdown on harmful content July 30, 2019 Third-party fact checkers tasked with flagging misinformation on Facebook have been forced to reconsider how they handle humorous posts due to the number of people misinterpreting satire as fact. Full Fact, which carries out fact checking services on Facebook in the UK, has urged the social media firm to introduce a new rating for humorous [...]
Vodafone rockets 8% amid IPO excitement July 29, 2019 | City Talk It’s been a long time coming, but Vodafone has a market-friendly strategy to underpin a recovery. The spin-off of the “TowerCo” business is by far the most scintillating development within Vodafone (LSE:VOD) first-quarter trading update. Vodafone had previously mentioned that it was planning to monetise this part of the business, and has now added some flesh to [...]
From energy to insurance: How Open Banking could fix the loyalty penalty headache July 29, 2019 You don’t get to be Prime Minister without having a few political gifts. One of Theresa May’s was her ability to spot the issues that people cared about – even if she found it harder to come up with effective ways of improving them. That was why her maiden speech outside Downing Street was so [...]
DEBATE: Has ‘diversity’ become a dirty word in the tech industry? July 29, 2019 Has ‘diversity’ become a dirty word in the tech industry? Philippa Sturt, managing partner at Joelson, says YES. The term “diversity” has become so prevalent in the tech sector that it has lost a lot of its impact, especially when it comes to gender. In the venture capital industry, for example, investors are being encouraged [...]
No-deal Brexit a ‘threat’ to UK’s science sector, says Wellcome Trust July 27, 2019 The chairwoman of the Wellcome Trust, the UK’s biggest charitable funder of scientific research, has written to Boris Johnson claiming that a no-deal Brexit is a “threat” to the science sector. Lady Eliza Manningham-Buller has backed Johnson’s vision for the science industry, but warned against the potential damage leaving the EU without a deal could [...]
Trump rejects Apple’s request for Mac Pro tariff waiver July 26, 2019 The US will not grant tariff relief to Apple on parts for its Mac Pro computers imported from China, President Donald Trump has said. Read more: Apple splashes out $1bn on Intel’s chip business “Apple will not be given Tariff waivers, or relief, for Mac Pro parts that are made in China. Make them in [...]
Twitter shares rise on second quarter revenue boost July 26, 2019 Twitter has posted a strong rise in revenue for the second quarter as its user numbers jumped, pushing shares up more than 10 per cent. The social media firm reported an 18 per cent increase in revenue to $841m (£677m), while monetisable daily active users rose 14 per cent to 139m. Read more: Twitter buys [...]
