Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]
Crowdsourcing platform Limitless secures £5m in series A funding April 10, 2019 Brand ambassador platform Limitless Technology has secured £5m in funding as it looks to develop its machine learning technology. The company, which uses crowdsourcing to help businesses turn their customers into brand ambassadors, said it has bagged the funds in a series A round led by Albion VC. Read more: Grab looks to raise further $2bn [...]
Music rights firm One Media IP sees profits soar as it cashes in on streaming April 9, 2019 Shares in music rights company One Media IP jumped as much as 15 per cent this morning after it reported a huge rise in profits for the full year. One Media posted a 16 per cent rise in revenue to £2.7m in the year to the end of October, while pre-tax profit soared 63 per [...]
Europe must lead the way with digital tax, says EU competition commissioner April 8, 2019 Europe must agree on plans for a new digital tax and should be the trailblazer if there is no global consensus, the EU’s competition commissioner Margrethe Vestager has said. The EU last month scrapped initial plans to roll out a digital tax on tech giants after opposition from several member states. Read more: EU drops [...]
US blocks Amazon’s attempts to ban shareholder vote on facial recognition software April 5, 2019 US authorities have blocked an effort by Amazon to prevent its investors from voting on two proposals about the sale of the company’s facial recognition service. Investors had put forward proposals for a potential audit of its facial recognition software, known as Rekognition, over concerns about breaches of privacy and civil rights. Read more: Millions [...]
Jeff and Mackenzie Bezos in record-breaking divorce settlement work $35bn April 4, 2019 Amazon chief Jeff Bezos and his ex-wife of 25 years Mackenzie Bezos have agreed the most lucrative divorce ever, worth at least $35bn (£27bn). The split of the former richest couple in the world will leave Mackenzie the third most wealthy woman on the planet, despite her giving up 75 per cent of their stake [...]
Facebook hit by major data breach that left millions of user records on Amazon public software April 3, 2019 Millions of Facebook users have been affected in a major data oversight that left a trove of records publicly available on Amazon cloud-computing servers. Researchers at cybersecurity firm Upguard found that in one example, media firm Cultura Colectiva had posted 540m user records in a public database that included information such as account names, Facebook [...]
Google UK employees earned £226,000 on average last year April 3, 2019 Staff at Google’s UK offices earned an average of £226,000 last year after the firm paid out more than £340m through its share scheme. The tech firm paid £829m to its employees in the year to the end of June, up from £657m the previous year. The company, which currently has three main offices in [...]
Amazon tops Linkedin list of top 10 companies to work for April 3, 2019 A list of the top 10 companies that are seen as most attractive for workers released by Linkedin this morning revealed a varied mix of preferences for job hunters in the UK. Amazon, which recently raised wages after coming under criticism for employment practices and warehouse conditions, took the number one spot, with firms such as [...]
Is Uber the new Amazon? April 2, 2019 | City Talk By Edmond Jackson from interactive investor. In a test of narrative power versus whopping financial losses, so-called “ride-hailing” or “ridesharing” giants Uber and Lyft have rivalled each other to list on the New York Stock Exchange – Lyft got there first. Both capture the spirit of the times, connecting taxi drivers to passengers via their [...]
