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FAANG: Tech giants loses $1 trillion in collective stock value

Tech giants Facebook Amazon, Apple, Netflix and Google (FAANG) have seen their collective values lose over $1 trillion since market highs earlier this year. In August, Apple was worth $1 trillion on its own, while Amazon hit the landmark in September. Here’s how the combined market capitalisation losses break down …

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Dashlane offers advice after Facebook hack

Over the weekend news broke that Facebook had suffered a major security breach. With hackers exploiting a flaw in the social platform’s “view as” feature, a whopping 50 million users may have had their data compromised. In an interview with reporters, CEO Mark Zuckerberg repeatedly called the problem “serious”. But …

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Facebook’s Watch platform gets global launch

Facebook has announced the global rollout of Watch, a new platform for its users to find their favourite shows and video creators. PCR sister title TVBEurope, which was on a European press call with the tech giant, reports that the Watch video service will also let users start conversations with …

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Sadiq Kahn calls for greater regulation of tech firms

London Mayor Sadiq Kahn has called for greater regulation of technology firms and social media channels. Kahn has laid down the gauntlet of responsibility at the feet of tech firms such as Twitter and Facebook and urged them to tighten up on racist, abusive and illegal content. If, however, the …

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Facebook is for old people now

It may have started as an exclusive network for college students, but the transition has been completed: Facebook is for old people. According to a report from eMarketer, 2.2 million 12- to 17-year-olds and 4.5 million 18- to 24-year-olds will use Facebook in the UK this year. That figure is …

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Is the world’s first $1 trillion company cause for concern?

Apple is leading the charge to become the world’s first $1 trillion company. Many industry analysts predict the iPhone maker will break the $1 trillion threshold later this year, with Amazon set to push them all the way in a bid to become the first company to reach the 13 …

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Facebook’s new London office brings more than just jobs to the capital

Facebook has launched a new office in the heart of London, creating 800 new jobs in the capital. With a focus on engineering, the LDN-LAB at Rathbone Place will bring more than just new jobs to the capital. By increasing its UK workforce by more than 50 per cent, Facebook’s …

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Head of Facebook’s hardware lab resigns for ‘purposeful’ next step

The head of Facebook’s hardware lab Building 8 has stepped down to focus on a ‘purposeful’ next step. Regina Dugan exits the company after joining from Google 18 months ago. She will stay on for the remainder of the year before parting ways with Facebook’s hardware division. Rumours have emerged …

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EdTech firms welcome Facebook’s pledge to train UK children as cyber security experts

Facebook has set aside more than £1 million to train British schoolchildren to be cyber security experts. Set up by Childnet International and the Diana Award, the scheme will has been warmly received by those in the educational technology sector. As part of the scheme students will learn about social …

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Is investment in tech giants about to dry up?

The bubble that has lifted tech stocks to lofty new heights looks like it may be about to pop. Share prices in tech giants such as Facebook, Microsoft and Google’s parent company Alphabet all took a sharp tumble yesterday, increasing fears that investors may have placed their last chips in …

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