Who the heck is Nick Clegg? Seven facts about Facebook’s new spin chief October 20, 2018 Facebook’s decision to hire the UK’s former deputy prime minister Nick Clegg as its communications chief was one that seemed to come out of left field. Clegg had previously held a prominent role in British public life as head of the UK’s third party the Liberal Democrats between 2007 and 2015 and the UK’s deputy prime minister between [...]
What the Clegg? Facebook taps former Lib Dem leader as its next head of global affairs October 19, 2018 Facebook has hired former Liberal Democrats leader Nick Clegg to be its next head of global affairs and communications, with the ex-politician set to move to Silicon Valley in January. Clegg will take over from the role's former occupant Elliot Schrage, who personally led the search for his replacement after announcing he would be leaving Facebook following [...]
Facebook shareholders call on Zuckerberg to step down as chairman October 17, 2018 Facebook chief executive Mark Zuckerberg is facing pressure to resign his post as chairman following a series of scandals. Several US public funds who own shares in the company have called for Zuckerberg to step down from the role after the social media giant “mishandled” a series of controversies. Facebook was at the centre of [...]
Not everything was awesome at Instagram, co-founder says in first public remarks since stepping down October 16, 2018 Instagram’s Kevin Systrom said people do not leave their jobs “because everything is awesome”, three weeks after stepping down amid rumours of a fallout with Mark Zuckerberg. In his first public remarks since leaving the company, Systrom said there were reasons for his departure, but gave no details. Read more: Facebook loses $11bn after Instagram [...]
Central London commercial market booms as tech giants move in October 16, 2018 An influx of tech and creative giants has bolstered the capital’s buoyant commercial property market in the last three months, with business space under offer rising across central London. Facebook’s arrival in King's Cross significantly boosted office take-up levels, after the tech giant took more than 600,000 square feet (sq ft) as its new London [...]
It’s Google versus Facebook in the fight for video dominance October 15, 2018 There’s a battle brewing online. In search of more views, users, and lucrative ad money, Facebook wants to take on Google and steal YouTube’s crown as the dominant video platform. The social media giant is fighting on two fronts. It launched its first assault last year with Facebook Watch, a platform effectively identical to [...]
Nine Elms project One Embassy Gardens put on the market for £160m October 11, 2018 One Embassy Gardens, a flagship Nine Elms office block located next to the new US embassy, is being put up on the market for £160m today, as developers hope to lure in buyers for one of Europe’s largest regeneration zones. Ballymore's planned sale comes 10 months after the developer secured the tenancy of Penguin Random House, with [...]
FAANGs out: Tech stocks set to continue slide after losing $172bn in a single day October 11, 2018 Yesterday's $172bn (£130bn) tech stocks slide is set to worsen today, as pre-market trading indicates each of the so-called FAANG companies could stand to lose further value. Amazon was the worst hit overnight, losing an additional 2.24 per cent on top of yesterday's 6.15 per cent slide which wiped around $56bn off its market capitalisation. Apple [...]
Facebook triples its UK tax bill to £15.8m October 8, 2018 Facebook paid £15.8m in UK tax last year, tripling the amount it paid in 2016 as tech firms come under increased scrutiny by HMRC. Accounts filed last week on Companies House revealed the social media giant's profits for its UK office, which covers expenses on marketing, sales and engineering support, rose 6.3 per cent to [...]
When the banter stops: Viral publisher Unilad braced to enter administration October 4, 2018 The company behind Unilad, an internet news site known for its viral content, is set to go into administration – putting hundreds of jobs at risk. A judge recommended the move after a court heard that the website’s parent, Bentley Harrington, had debts running up to £6m. Alex Partridge, Unilad’s co-founder, echoed the call. Patridge [...]