Month: May 2024

Chinese network behind one of world’s ‘largest online scams’

Exclusive: Vast web of fake shops touting designer brands took money and personal details from 800,000 people in Europe and US, data suggests More than 800,000 people in Europe and the US appear to have been duped into sharing card details and other sensitive personal data with a vast network of fake online designer shops …

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Reddit’s first quarterly earnings since going public: revenue and users increase

Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence Reddit shares soared in after-hours trading on Tuesday following its first quarterly earnings since going public in March. The company reported overall losses of $575m, citing expenses from its initial public offering for the decline. But strong …

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Jack Dorsey quits Bluesky board and urges users to stay on Elon Musk’s X

Twitter co-founder’s decision to leave rival social network he helped start was apparently unexpected The Twitter co-founder Jack Dorsey has left the board of Bluesky, the decentralised social network he helped start, and encouraged users to remain on his first site, now owned by Elon Musk and called X. Dorsey confirmed he had cut ties …

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LockBit ransomware group’s leader unmasked and hit with sanctions; UK house prices inch higher– business live

Leader of major cybercrime group has been unmasked and sanctioned by the UK, US and Australia, authorities say ‘They’re everywhere’: Labour’s wooing of City goes into overdrive The small increase in UK house prices in April has left them broadly flat since the turn of the year, says Peter Arnold, EY UK chief economist: The …

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‘A chilling prospect’: should we be scared of AI contestants on reality shows?

Netflix’s hit show The Circle recently introduced an AI chatbot contestant, a potentially worrying sign of where we’re heading According to his profile, Max, a contestant on season six of the Netflix reality show The Circle, is 26 years old, brunette and into his Australian shepherd, Pippa. He is a veterinary intern from Pismo Beach, …

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What is Manor Lords? The medieval city-building game that sold a million copies in a single day

Developer Slavic Magic’s feudal simulator is Steam’s latest early access sensation, but there’s a seven-year story behind its overnight success Launched as if from a trebuchet at the end of April, Manor Lords is the latest in a string of explosively successful video games that have been released this year. Indeed, the rise of this …

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Can Snapchat save itself – and keep up with the Silicon Valley giants?

The messaging service pegs itself as the ‘happiest place’ online, but Snap’s Ronan Harris explain how its post-pandemic struggles has made it focus on being friendlier not just to users but to small businesses, too • Don’t get TechScape delivered to your inbox? Sign up for the full article here Why are some social networks …

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Tories’ plan to scrap national insurance could mean big jump in income tax, warns Reeves – UK politics live

Shadow chancellor also says it would cause a ‘tax bombshell aimed squarely at Britain’s pensioners’ Reeves turns to the Tory long-term proposal to abolish employees’ national insurance. If Labour came out with a plan like this, the media would be constantly challenging the party to explain how it would be funded, she says. Continue reading… …

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