Clegg banks £10m bonus following Meta promotion March 17, 2022 Sir Nick Clegg bags a £10m bonus after taking Meta top spot as the president of global affairs alongside Mark Zuckerberg. According to Bloomberg, the former deputy prime minister raked in a stock package worth $12.3m (£9.4m), which comes on top of his annual salary at Facebook’s parent company. Clegg’s salary is reportedly £2.7m, and this [...]
Metaverse switch: Young people jump ship from Facebook and embrace virtual reality platform March 15, 2022 The metaverse could become a mainstream way to make friends and even date, with nearly a fifth of young people ready to ditch more conventional social media platforms. With more than a tenth having already made their own metaverse avatar, data from Zen Internet highlighted that 18 per cent of 16-24 year olds are already [...]
Facebook ‘do not permit calls to assassinate a head of state’: Meta narrows hate speech following Russian backlash March 14, 2022 Facebook owner Meta Platforms said it would be narrowing the scope of its content moderation policy for Ukraine after Russian backlash over the weekend.
Big Tech face UK legal duty to prevent fraudulent scams online March 8, 2022 The government are set to introduce new legal duty on big tech to prevent paid-for fraudulent ads appearing on their services. The change will improve protections against fake ads, including where criminals impersonate celebrities or companies to steal people’s personal data, peddle dodgy financial investments or break into bank accounts. As part of the government’s [...]
Tech giants prefer fines to compliance says EU’s Margrethe Vestager February 23, 2022 Some tech giants may prefer to pay a fine rather than comply, said the European Union's antitrust chief, citing Apple's recent battle with the Dutch courts.
Meta creative production: WPP’s Hogarth launches 700 strong metaverse team February 23, 2022 Hogarth, WPP’s specialist global creative content production company, has announced it will be launching The Metaverse Foundry, a global team of over 700 to deliver brand experiences for clients in the metaverse from design to execution. The Foundry will be available to all WPP’s clients and agencies globally, bringing together metaverse production and virtual art. [...]
Cabinet backs plans to clampdown on tech giants with strict new content laws February 19, 2022 Home office plans to roll out world’s most stringent internet safety laws have won the backing of the cabinet as the government looks to shift responsibility for harmful online content on to tech giants.
Nick Clegg gets a Facebook promotion as policy role expands towards the metaverse February 16, 2022 Meta chief Mark Zuckerberg has announced that former deputy Prime Minister Nick Clegg will be getting a promotion at Facebook to “president, global affairs”. In a Facebook post, Zuckerberg revealed that Clegg will be granted a larger policy role than his current one as policy chief at Facebook. “We need a senior leader at the [...]
Big tech rule book could be agreed as soon as April as EU clamps down on Google and Apple February 15, 2022 Landmark EU rules aimed at curbing the power of tech giants could be agreed between lawmakers and EU countries as soon as April. Although the rules have faced some obstacles, lawmaker Andreas Schwab told Reuters that he is optimistic that an agreement could be reached in record time for a key piece of legislation. Known [...]
Meta share price plunge sees investors buy up almost 20 times more shares February 7, 2022 New data has revealed that investors purchased 1,828 per cent more shares day after Meta's fourth quarter announcement last week after the tech giant's stock dived 26 per cent.
