This article is an on-site version of our #techFT newsletter and is usually available only with a Premium subscription. Are you currently a Standard subscriber? Click here to switch your subscription to Premium. Not yet a subscriber? You can take out a Premium subscription here Three is the magic number for European telecoms operators, and…
Read more
Google is to buy US cyber security company Mandiant for $5.4bn as it looks to bolster its cloud computing business, making it the tech giant’s second-largest ever acquisition. The search company on Tuesday said it would purchase Mandiant for $23.00 per share, in an all-cash deal. It comes as Google looks to boost its cloud…
Read more
During the Cambrian explosion phase, lots of Neobanks were funded. It was a period of high excitement, full of hopes and dreams. Cambrian explosion is usually followed by consolidation when: A. Lots of startups fail. For investors with a portfolio, this is difficult. For entrepreneurs, this is traumatic. B. A few startups make it to the…
Read more
For most of the 25 years since Walt Disney bought ESPN, the cable sports network has been a major profit engine of the company, thanks to robust subscriber growth, high advertising rates and the industry-leading fees it charges cable providers. But like the wider US cable television business, its subscriber numbers have been steadily shrinking…
Read more
This article is an on-site version of our #techFT newsletter and is usually available only with a Premium subscription. Are you currently a Standard subscriber? Click here to switch your subscription to Premium. Not yet a subscriber? You can take out a Premium subscription here Netflix has suspended its streaming service in Russia, Activision Blizzard,…
Read more
The writer is international policy director at Stanford University’s Cyber Policy Center Russia’s invasion of Ukraine marks a turning point in history and has thrown existential questions before the democratic world. Soul-searching is also needed by technology companies. Silicon Valley-based firms played a prominent role in the run-up to the war and during the Russian…
Read more
Earlier this year, Visa revealed during its last earnings call that consumers made $2.5 billion worth of transactions using their crypto-linked cards, during its fiscal first quarter of 2022. Back in July, Visa reported crypto-linked card usage reached $1 billion for the first six months of 2021. The 2022 Q1 numbers represent a 70% increase…
Read more
On Tuesday, a man with the moniker “Ukraine solider” [sic] posted a live video on TikTok shot from a window showing blocks of flats in the blazing sun, sirens wailing in the background. Speaking in English, he thanked tens of thousands of followers for sending virtual gifts that can be converted into cash. But in…
Read more
Didi Global’s abrupt reversal of its decision to shut its ride-hailing unit in Russia reflects pressure in China to publicly stick by Moscow as the government there comes under widespread sanction for its invasion of Ukraine. Didi, which posted a loss of Rmb49.16bn for the first nine months of 2021, has been struggling to stem…
Read more
Somewhere in the ether between their Tokyo headquarters, a fraught debate must now be crackling between two of Japan’s greatest companies. If their planned joint venture succeeds in creating an electric vehicle champion to challenge Tesla, should the new power couple be known as Sonda or Hony? Either way, the announcement last Friday that Sony…
Read more