Forget the FANGS: investors should follow the A-Team instead
Results this week showed quarterly profits down by 8pc, and the total number of users declining for the first time. All the bad publicity is finally catching…
Facebook feels the cold hand of mortality on its shoulder
The allegations of whistleblower Frances Haugen were especially damaging. She accused it of putting its “astronomical profits before people” and knowingly harming the mental health of young…
Facebook dives on falling profits and weak growth outlook
Facebook has suffered a sharp drop in profits after Mark Zuckerberg’s costly bet on the “metaverse” hit its bottom line, with shares collapsing over 22pc in after…
Dashing of Mark Zuckerberg’s Libra dreams threatens the bigger cryptocurrency bubble
Its botched cryptocurrency plans, however, have demonstrated what happens when central banks feel threatened. “He [Zuckerberg] completely underestimated the backlash that he would get from states,” says…
Facebook owner Meta builds world’s most powerful AI supercomputer
Facebook has built what it says is the world’s most powerful supercomputer devoted to artificial intelligence, which the social media company believes will drive previously-impossible advances in…
Facebook faces £2.3bn legal claim over social media dominance
Facebook is facing legal action in the UK that claims the social network should pay £2.3bn to its 44m British users for exploiting its dominance to hoover…
‘Now Facebook is Meta, I’m thinking about selling’
Which companies could perform well if inflation persists? First, we look at companies with superior pricing power. A good example is Microsoft, one of our top 10…
Miriam González Durántez: ‘Our son was diagnosed with cancer – it plays tricks with your mind’
The last time I interviewed Miriam González Durántez, the international trade lawyer and women’s rights advocate who happens to be married to Sir Nick Clegg, it was…
Six business figures to watch in 2022
When Czech billionaire Daniel Křetínský invested in Sainsbury’s and Royal Mail two years ago, some were baffled by his interest in two British stocks typically scarce of…
Romy, Meta, omicron – it’s a classics comeback
With all this in mind, last week I set up Latin Rules, the first ever Latin and Greek branding agency, with two classicist friends I met at…
Welcome to the virtual worlds where digital land is hot property selling for millions
Hrish Lotlikar, a former real estate banker who founded the company, says it has sold tens of thousands of plots with the average person buying 10 to…
Give Ofcom emergency powers to investigate Facebook encryption plans, says NSPCC chief
However, campaigners warn that Ofcom may not have its powers until 2024, by which time Meta’s encryption plans will likely be in place. Following the NSPCC’s call,…
Meet the Insta therapist who deleted her social media accounts
“In those angst-ridden teenage years, teenagers are programmed to want to belong and they naturally compare themselves with others,” she says. “When they see an image on…