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SpaceX valued at $200bn
SpaceX is contemplating another fundraising operation by selling shares in a tender offer that could value the closely held company at roughly $200 billion (€185.7bn), according to Bloomberg. SpaceX is reportedly discussing a tender offer — a transaction that enables employees and insiders like investors to sell shares — that may kick in days, said…
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Virgin Media O2 completes first stage of SRN
Virgin Media O2 has completed its share of the first phase of the Shared Rural Network (SRN) programme and reports that it has built more shared sites than any other operator to improve mobile coverage in 227 partial not-spot areas across the UK. Glencoe Mountain Resort became the 227th site to benefit from improved 4G…
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European VOD Coalition adds infrastructure views
The European VOD Coalition has welcomed the opportunity to provide input to the European Commission’s consultation on the White Paper, How to master Europe’s digital infrastructure needs?. The Coalition brings together video-on-demand and digital entertainment companies that share common values and invest in and distribute audiovisual content in the Europe Union as their core commercial…
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Analysis: Netflix, Prime Video still dominate streaming Originals
In Q1 2024 Netflix and Prime Video returned to dominance in Original commissioning, having been challenged in recent years by the launch of studio-backed SVoD platforms. According to a report by Ampere Analysis, Netflix commissioned its highest number of new titles since Q3 2021, and Prime Video set a new record for its quarterly commissions.…
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‘Arrogant’ tech companies must ‘fess up’ to harm done to children by social media, Albanese says
Meta’s claims that social media doesn’t harm children ‘can’t be taken seriously’, inquiry told Get our morning and afternoon news emails, free app or daily news podcast Tech executives need to “fess up” to the damage their platforms have caused, the prime minister says, while taking aim at the “arrogant” and “out of touch” social…
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S4C double orders Cyfrinachau’r Llyfrgell
Welsh language broadcaster S4C has ordered two seasons of Cyfrinachau’r Llyfgell/Best Kept Secrets, a show where celebrities explore their history and heritage by partnering with an archive or museum to delve into artifacts and documents. Produced by Slam Media the first season (4×60 minutes) will be broadcast in September 2024. The format will be internationally…
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‘Arrogant’ tech companies must ‘fess up’ to harm done to children by social media, Albanese says
Meta’s claims that social media doesn’t harm children ‘can’t be taken seriously’, inquiry told Get our morning and afternoon news emails, free app or daily news podcast Tech executives need to “fess up” to the damage their platforms have caused, the prime minister says, while taking aim at the “arrogant” and “out of touch” social…
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Evolve Bank & Trust confirms data was stolen in cyber attack
Evolve Bank & Trust confirmed it was the victim of a cyber attack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management and get approval before entering into any new partnerships. The Russian-linked hacker group LockBit 3.0 on…
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Banks may add friction to instant payments to combat fraud
The financial services industry has worked for years to create frictionless payments. Now it may be necessary to add friction back into the mix to combat fraud. “Instant payments actually has a lot more fraud connected,” Jenny Winther, head of payment schemes at Sweden-based Handelsbanken, said today during Volante’s “From mandates to modernization: Payment as…
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Movers and shakers: XYB names Joyce as CEO
London-based B2B core banking platform XYB named Derek Joyce as its chief executive on May 30. Joyce previously worked at American Express, Klarna, Bread and Alloy and brings 20 years of experience to XYB, according to a company release. Joyce “actually came in and built a business plan and fundraised in the background” before his…