Tag: Internet

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From Airbnb to city bikes, the ‘sharing economy’ has been bought up by big money

Of all the ideologies spawned by Silicon Valley, that of techno-populism – the making of empty promises on the basis of seismic digital disruption – is the strangest. Promising a world of immediate and painless personal empowerment, techno-populism is ambiguous enough to unite big tech firms, startups, cryptocurrency aficionados and even some political parties.


October 11, 2021 0

CEOs told to ‘think before they tweet’ after Just Eat spat with Uber

Chief executives are being warned to “think twice before they tweet” after the boss of takeaway company Just Eat Takeaway was told his Twitter spat with Uber threatened to undermine the firm’s reputation. Jitse Groen this week became the latest in a growing list of chief executives to be rebuked by customers, investors and even…
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October 10, 2021 0

How past tech floats fared, and upcoming IPOs in London

Amazon listed on the Nasdaq at $18 a share with a market value of $438m in 1997, when it was just an online bookseller, with 256 employees. The share price rose gradually over the years, but started to rocket in 2015 after the firm posted substantial profits. Three years later, it became the world’s second…
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October 5, 2021 0

Floating or falling? Tech companies that made stock market debuts in 2019

Uber Uber’s shares fell on a humiliating first day of trading in May and have closed above the $45 price of the initial public offering (IPO) on only two days since. The ride-hailing firm reported a $5.2bn loss for the three months to the end of June. Its biggest quarterly loss was weighed down by…
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August 29, 2021 0

How gig economy workers are using tech to fight back

Fatima, from Guinea-Bissau, wakes up in the early hours of the morning to be in with a chance of being able to use the bathroom at her small house in Stratford, east London, which she shares with nine strangers – some are Italian, she thinks, and some might be eastern European, but nobody socialises as…
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August 28, 2021 0

How the Amazon-Google-Uber effect sets inflation

Debates about inflation in advanced economies have changed remarkably over the past decades. Setting aside (mis)measurement issues, concerns about debilitatingly high inflation and the excessive power of bond markets are long gone, and the worry now is that excessively low inflation may hinder growth.


August 21, 2021 0

IPO mania: San Francisco braces for ‘earthquake’ of new tech millionaires

Several big-name tech companies are set to enter the public market, and the speculation over the effects of a crush of overnight millionaires overwhelming the region has reached fever pitch.


August 11, 2021 0