It’s time to take back control – of our data February 14, 2019 Cambridge Analytica. Mark Zuckerberg in front of the US Congress. The first data breach of 2019 occurring less than 24 hours into New Year’s Day. The use and abuse of data is no longer something that we can afford to ignore. Consumers are coming to understand that their data is an economic asset for media companies, [...]
Twitter boss Jack Dorsey admits ‘huge fail’ in not preventing online abuse February 13, 2019 Twitter chief executive Jack Dorsey has said that tech firms such as his own have not done enough to protect victims of online abuse. In a conversation with Recode, Dorsey awarded Twitter a 'C' grade for its past efforts, and labelled the current climate a "huge fail" on the part of Silicon Valley. Myself? C. We’ve made [...]
How data will power the cities of tomorrow February 12, 2019 By 2050, it is estimated that 68 per cent of the global population will live in cities – an influx of over 2.5bn. With that many people living in urban areas, it is clear that making cities work better is key to creating a safer, more sustainable world. Local issues are now global issues, and cities [...]
CMA must investigate the online advertising market, government report states February 11, 2019 The online advertising market must face a probe by the competition watchdog amid concerns tech giants are putting the future of quality journalism at risk, a major government report has found. In its findings published today, the Cairncross Review called on the Competition and Markets Authority (CMA) to investigate the online advertising market to ensure [...]
Twitter shareholders spooked by 2019 outlook despite strong full-year results February 7, 2019 Twitter shares were down eight per cent this afternoon as it announced mixed full year results peppered with strong financials for 2018 but weak forecasts for the year ahead. The social media giant was under pressure to beat analyst expectations after strong report cards from Facebook and Snap. But despite succeeding for the year ending [...]
Fine social media sites that fail to protect children, Labour says February 6, 2019 Social media companies could face hefty fines if they fail to protect children and young people on their platforms under strict new rules proposed by Labour. The party’s deputy leader, Tom Watson, will today give a speech saying the digital market has been “distorted” and outlining plans to ensure sites have a legal duty of [...]
What’s the point of economists? Look to America’s tech giants to find out February 6, 2019 Despite the dire predictions from the economics profession about Brexit, the UK economy is doing well. Growth continues at a steady pace. An all-time record 32.4m people are in work. Unemployment has fallen to levels not seen since the mid-1970s. In contrast, the Eurozone is on the brink of recession – and Italy is already [...]
Sir Nick Clegg summoned in front of MPs over social media abuse February 5, 2019 Sir Nick Clegg has been asked to appear in front of a parliamentary committee to answer questions about the harassment of MPs on social media. The Joint Committee on Human Rights (JCHR) has written to Clegg, who is head of global affairs and communications at Facebook, asking him to give evidence as part of its inquiry [...]
Apple reclaims its title as the world’s most valuable public company February 5, 2019 Apple has taken back its crown at the top of the tech heap, becoming the world's most valuable public company for a second time after losing the title last year. Boosted by a small 1.7 per cent share price rise as markets opened this afternoon, Apple's market capitalisation rose to $820.8bn (£633.1bn), up from hitting [...]
Every day, we vote with our clicks that we value Facebook February 5, 2019 With front-page headlines including “Facebook paid kids and spied on them”, “Generation of web addicts”, “Wild West Web firms facing ban”, and “Stop online giants who help kill our kids”, it’s fair to say that it has not been the best UK press week for social media firms. Poor old Nick Clegg must have thought that [...]