TikTok overtakes Instagram and Facebook as UK’s most shopped social channel
TikTok has finally outpaced Instagram and Facebook to become the UK’s most shopped social channel, according to research from the Retail Technology Show (RTS). Original research of over 1,000 UK…
Read MoreMeta to introduce paid-for-verification for Facebook and Instagram
Meta has joined Twitter in launching paid-for subscriptions services for the first time as it battles with falling advertising revenues. Company founder and tech guru Mark Zuckerberg said in an…
Read MoreBig Tech to incur over $10bn charges from job culls and cost cuts
Amazon, Meta, Microsoft an Alphabet will all incur more than $10 billion in charges related to mass redundancies and other cost-saving measures.
The high costs related to the measures have…
Read MoreGoogle parent Alphabet to cut 12,000 jobs
Google’s parent firm, Alphabet, has revealed it is set to slash 12,000 jobs, making it the latest tech firm to cut down its headcount.
The news means that 6% of…
Read MoreMade.com customers owed £12m in deposits, administrators warn
Over 30,000 Made.com shoppers are set to lose almost £12 million in deposits on large items, the most recent report by its administrators shows. The furniture seller collapsed into administration…
Read MoreMeta dominates UK ecommerce advertising space, but influence is slipping
Meta has been named the top advertising platform of choice for UK online retailers, according to a report by financial platform Juni.
The research reveals that 65% of UK ecommerce…
Read MoreTech sector ‘facing a reckoning’ as giants axe over 1,500 jobs
Tech giants have cut over 1,500 UK jobs in a month, as investors claim the industry is “facing a reckoning”.
This comes as of recent, Twitter, Meta and Amazon having…
Read MoreMeta to slash 13% of workforce in “difficult changes”
Meta, the parent firm of Facebook, Instagram and WhatsApp, has announced it will lay off 13% of its workforce in a move that CEO Mark Zuckerberg called “some of the…
Read MoreAnalysis: Can Meta survive long enough to achieve the metaverse dream?
It’s just over a year since social media mogul Mark Zuckerberg rebranded his company from Facebook to Meta. The company share price was around the $334 mark and expectations for…
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