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Elon Musk suffers a new blow as the government withdraws millions of dollars in Twitter advertising
The government has stopped advertising on Twitter, a new blow to Elon Musk’s social network.
In recent months, departments have stopped buying ads on Twitter (now known as X), a social media platform.
The decision was made before the…
MPs urge Barclay Family’s Telegraph deal to be vetted using UK national security laws
Conservative MPs called on the UK government to use its national security laws to investigate attempts by the Barclay Family to regain control of the Telegraph Newspaper Group using Abu Dhabi-funded funding.
Five Tory MPs including…
Elon Musk’s X is valued at $19bn after one year of acquisition
The company informed its employees that the equity of social media platform X (formerly Twitter) was valued at $19bn. This is a year after Elon Musk purchased it for $44bn.
Two people who are familiar with the issue say that the company…
Nokia will cut up to 14,000 positions as 5G interest wanes
Nokia will slash up to 14,000 jobs after waning demand for 5G mobile networks sparked a drop-off in sales.
The Finnish telecoms giant announced the cuts, which amount to as much as one in six staff, as part of a plan to drastically…
Netflix (NFLX) Raises US, UK, France Prices After Beating Subscriber Growth Est.
Netflix Inc. has raised prices for some US, UK, and French customers after achieving its best subscriber growth quarter in years. This is a sign that management believes in the future, even though rival streaming services are losing money.…
Does the end of data collection on Instagram come with ad-free Instagram?
Max Schrems expected a large document when he asked Facebook to give him all of the information the company held on him.
The Austrian student of law was not prepared for the 1,200 page tome that detailed every friend request,…
Tristia Harrison, the former boss of TalkTalk, resigns amid the breakup of the telecoms company
Tristia Harrison, the former boss of TalkTalk, is leaving the company after six years. The troubled telecoms firm is bracing for a split.
Ms Harrison will step down as CEO in early 2019 due to a plan of dividing the company into three.…
FT considers scrapping print publication as sales of weekday newspapers struggle
Financial Times may scrap its print edition in certain countries as the number of readers continues to drop.
The City broadsheet announced that it is considering whether or not to continue its print edition at various locations in…
UK Press Slams Axing Facebook News as an ‘urgent Threat to Democracy’
In a letter that was hard-hitting, British newspaper groups warned about the impact of Meta's decision on democracy and the society.
In a letter to former British Minister Nick Clegg who is the president of Meta global affairs, the group…
Walt Disney and Charter resolve dispute over blacking out of TV programming
Walt Disney and Charter Communications have agreed to resolve a dispute over fees and terms, ending a 10-day stand-off that left millions of customers without premium live sports at the start of the autumn season.
As part of the deal,…
City AM owes thousands of dollars to hotels and restaurants in the upmarket sector ahead of…
City AM owed upmarket hotels more than £200,000 before its £1.5m acquisition by protein shake tycoon Matt Moulding.
The London freesheet , which Mr Moulding’s THG purchased last month, collapsed into bankruptcy owing more than £2.4m.…
Huawei is believed to have built secret microchip factories in order to avoid US sanctions
A trade group has claimed that Huawei is building a secret network of microchip plants which could allow the company to bypass US sanctions.
According to reports, the Chinese technology giant received up to $30bn £23.7bn), from the…
Spotify UK sales surge as it ramps-up presence
Spotify, a global music streaming service that offers songs by Taylor Swift and Ed Sheeran, among thousands of others, saw its UK revenue soar last year, as it expanded its British operation.
The Stockholm-born company, which is one of…
Sky wins court order blocking illegal streaming of football and hit shows
Sky has been awarded a High Court Order that will require internet service providers (ISPs) to prevent piracy services being able illegally stream Sky's best-selling football games and blockbuster television shows.
The UK broadcaster was…
ITV will sell more content in the US if Hollywood’s strike continues
ITV will take advantage of Hollywood's writers strike to fill up empty schedules in the US if the impasse continues through the fall.
The group said that advertising revenue had dropped by more than 10% in the last six months, as…
The Telegraph: Lloyds boss says the bank is not in a hurry to sell The Telegraph
After seizing the control of the Barclay Family over a dispute regarding debts secured against business, the chief executive of Lloyds Banking Group said that he was not in a hurry to sell.
Charlie Nunn is the chief executive of Lloyds.…
Matt Moulding’s THG purchases business newspaper City AM
Matt Moulding’s online retailer THG bought the loss-making London business paper City AM via a prepack administrative.
City AM's owners listed the news group for sale in this month. They were looking to either invest or sell after…
CityAM is on the verge of being dissolved after working from home.
City AM is at the edge of bankruptcy , after its attempts to find a buyer following the pandemic were unsuccessful.
The London Freesheet, which is reeling from repeated locking downs and the legacy of home-working, will be calling in…