Deliveroo Dampens IPO Expectations as Investors Raise Workers’ Rights Concerns
By: The Guardian March 29, 2021 Deliveroo has cut the upper valuation of its landmark flotation on Wednesday by £1bn, saying it will price its shares at the bottom of its guided range because of “volatile” market conditions. The London stock market listing will now value the takeaway delivery firm at £7.6bn-£7.85bn, instead of a […]
SolarWinds Hack Got Emails Of Top DHS Officials
By: AP News March 29, 2021 Suspected Russian hackers gained access to email accounts belonging to the Trump administration’s head of the Department of Homeland Security and members of the department’s cybersecurity staff whose jobs included hunting threats from foreign countries, The Associated Press has learned. The intelligence value of the hacking of then-acting […]
US Threatens Tariffs on UK Exports Over Digital Services Tax
By: The Guardian March 29, 2021 The Biden administration has warned it could slap 25% tariffs on British exports to the US after the UK levied a digital services tax on major technology companies. The price of clothing and footwear, ceramics, beauty products and furniture exports to the US could rise by a quarter, according to a […]
Leaked Memo Shows Amazon Knows Delivery Drivers Resort To Urinating In Bottles
By: The Guardian March 26, 2021 Amazon caused an uproar on Thursday when it denied reports that its delivery workers have been forced to urinate in bottles due to lack of access to bathrooms, but a leaked internal memo shows the company has been aware of the problem for at least several months. Documents provided by employees […]
UK’s Biggest Fund Manager Expected To Shun Deliveroo Float
By: The Guardian March 25, 2021 The UK’s biggest fund manager is expected to shun Deliveroo’s upcoming stock market float, along with a growing number of other investors, due to concerns about the food delivery company’s treatment of workers – which one described as a “ticking bomb”. Legal & General said on Thursday it […]
Tech CEOs Grilled Over Role In Capitol Attack As Protesters Mock Them With Giant Cutouts
By: The Guardian March 25, 2021 The CEOs of America’s biggest technology companies faced a grilling on Thursday from Congress about the 6 January insurrection at the Capitol, as protesters outside the hearing denounced the platforms for playing a role in fueling the violence. The marathon, six-hour hearing saw the three most powerful […]
TSMC: How a Taiwanese Chipmaker Became a Linchpin of the Global Economy
By: The Financial Times March 24, 2021 When Li Ta-sen was a little boy, he used to walk to school through fields of sugarcane taller than himself. Some 40 years later, he is making a living by selling off the same fields as a property boom takes hold in his hometown of Shanhua. The […]
What a Gambling App Knows About You
By: New York Times March 24, 2021 LONDON — When Gregg finally stopped gambling in late 2018, he was in a dire financial position. He had lost nearly $15,000 during a nine-month betting binge, on top of two outstanding loans totaling more than $70,000 and a mortgage of more than $150,000 on his small […]
Facebook: The Billion Dollar Bot Problem
By: The Financial Times March 23, 2021 Facebook or Fakebook? In the last quarter of 2020 the US social media giant disabled 1.3bn fake accounts — a tally equal to almost half its real monthly active users. User accounts are the basis for advertising sales that make up almost all of Facebook’s revenues. If […]