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SpaceX value rises to $140bn

Elon Musk’s SpaceX has again raised cash from its investors. The plan has been on the table since mid-November with SpaceX reported to have offered shares at around $77 (€72.50) per share according to Bloomberg. If correct, then this would value the privately-held business at around $140 billion depending on the value of the secondary […]

December 15, 2022

Forecast: Twitter to lose 32m users by 2024

Twitter will experience an exodus of users next year and beyond, as new owner Elon Musk makes fundamental changes to the platform. In its latest social network usage forecast, eMarketer’s Insider Intelligence expects monthly Twitter users worldwide to drop nearly 4 per cent in 2023 and another 5 per cent in 2024. Our base assumption […]

December 13, 2022

BBC Studios launches Funny Parts digital channel

BBC Studios has launched Funny Parts – a new comedy channel with three new commissions for digital platforms. Focused on new short-form comedy and entertainment content, alongside some of the funniest moments from the BBC’s catalogue of comedy including titles such as This Country, Famalam and The Young Offenders, Funny Parts shares some of the […]

December 1, 2022By Nik Roseveare

Ofcom study raises news ‘gatekeeper’ concerns

In a study of choice in news, UK comms regulator Ofcom has identified concerns around the impact of online news ‘gatekeepers’ – particularly social media, such as Facebook, but also search engines and news apps such as Apple News and Google News. Ofcom’s report, Media plurality and online news, highlights how far these companies – […]

November 16, 2022By Colin Mann

Musk completes Twitter takeover

Elon Musk has completed his $44 billion (€44.3bn) takeover of social media platform Twitter after several months of legal wrangling. The buyout saw the immediate exit of the firm’s top bosses – including its chief executive, chairman and finance chief. Musk, officially the world’s richest man, has acquired 100 per cent of Twitter, turning the […]

October 31, 2022

Musk, Twitter deal back on

Elon Musk has seemingly changed his mind about buying social media platform Twitter, and is now willing to proceed with his $44 billion (€44.7bn) takeover. In a letter to the firm, Musk indicated he has agreed to pay the price he offered earlier this year before trying to back out of the deal. The reversal […]

October 6, 2022

Survey: TikTok top platform for US teens

The landscape of social media is ever-changing, especially among teens who often are on the leading edge of this space. A new Pew Research Center survey of American teenagers ages 13 to 17 finds TikTok has rocketed in popularity since its North American debut several years ago and now is a top social media platform […]

August 15, 2022

Study: 7 in 10 Premier League players face Twitter abuse

As the new season warms up for kick-off, research from comms regulator Ofcom reveals the scale of personal attacks suffered by Premier League footballers every day on Twitter, and sets out what must be done collectively to tackle the issue. Ofcom, which is preparing to regulate tech giants under new online safety laws, teamed up […]

August 3, 2022By Colin Mann

Musk, Twitter set for October court showdown

A US judge has ordered that Twitter’s lawsuit against Elon Musk will go to trial in October, despite Musk’s request for a delay. Musk backed out from his $44 billion (€43.1bn) bid to buy Twitter in early-July, prompting the social media company to sue him. Twitter is hoping that the court will order Musk to […]

July 20, 2022

Musk pulls out of Twitter deal

Elon Musk is backing out of his proposed $44 billion (€43.5bn) acquistion of social media site Twitter, alleging multiple breaches of the agreement. Musk made his movie back in April, sayng he wanted “to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating […]

July 11, 2022