Europe

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Another data-point to flesh out the Facebook data misuse scandal: The company has informed the European Commission that a total of 2.7 million EU citizens had their information improperly shared with the controversial political consultancy, Cambridge Analytica (via Reuters). Facebook had already revealed a breakdown of the top ten markets of affected users. But in
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Privacy watchdogs in Canada and British Columbia are combining existing investigations into Facebook and AggregateIQ. The latter being a Victoria-based ad targeting tech company that has been linked to Cambridge Analytica, the political consultancy at the center of the Facebook data misuse storm. CA whistleblower Chris Wylie — who last month gave public testimony revealing how
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Uber is suspending another international service while it assess whether there’s a business case to continue operations after regulatory changes. In a blog post announcing the impending suspension of its UberX service in Athens, the company writes: “New local regulations were voted on recently with provisions that impact ridesharing services. We have to assess if
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Stefan Glaenzer, the prominent European VC and former chairman of Last.fm and founder of Ricardo.de, has quit his role as Partner at Passion Capital. He co-founded the London-based early-stage firm seven years ago with partners Eileen Burbidge and Robert Dighero. The decision to resign, which the firm’s staff and Limited Partners were informed of last
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UK-based travel search engine Skyscanner has expanding its offering with a train ticket booking feature that lets users of its iOS app book UK train journeys. The feature is slated as coming to UK Android users shortly. The company’s travel booking platform already offers booking for flights, hotels and car hire. The ability to search and book rail
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A blockchain company called Coinfirm has announced a partnership with PKO BP, a major Polish bank, to provide blockchain-based document verification using a tool called Trudatum. The project is a an actual implementation of one of the primary benefits of blockchain-based tools, namely its ability to permanently and immutably store data. This announcement brings blockchain
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Emmanuel Macron and his government are launching a big initiative around artificial intelligence today. They want to turn France into one of the leading countries when it comes to artificial intelligence. “[Artificial intelligence] is a technological, economical, social and obviously ethical revolution,” Macron said in a speech. “This revolution won’t happen in 50 or 60
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Facebook’s response to the clutch of users who are suddenly woke — triggered to delve into their settings by the Facebook data misuse scandal and #DeleteFacebook backlash — to the fact the social behemoth is, quietly and continuously, harvesting sensitive personal data about them and their friends tells you everything you need to know about the rotten state
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Amazon’s business in France is taking a big step forward after announcing a new deal today with retail giant Monoprix to deliver groceries through Prime Now. The service will begin serving Prime Now members in Paris this year and include products carried by Monoprix, including its own branded items and fresh produce. Monoprix’s website already offers services
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The UK’s data watchdog, the ICO, finally obtained a warrant to enter and search the offices of Cambridge Analytica late Friday — carrying out an evidence gathering sweep of the company into the small hours of Saturday morning. Cambridge Analytica is at the centre of a data misuse storm that’s wiped billions off the value
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Tumblr has confirmed that Kremlin trolls were active on its platform during the 2016 US presidential elections. In a blog post today the social platform writes that it is “taking steps to protect against future interference in our political conversation by state-sponsored propaganda campaigns”. The company has also started emailing users who interacted with 84 accounts
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Another usage milestone for messaging platform Telegram: It’s announced passing 200M monthly active users “within the last 30 days”. The platform passed 100M MAUs back in February 2016, when it held a lavish party at the Mobile World Congress tradeshow in Barcelona to celebrate the metric. At the time it said it was adding 350k new
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When Silicon Valley’s Greylock Partners led Entrepreneur First‘s $12.4 million funding round in September, Greylock’s Reid Hoffman said he could see the company builder expanding to “20 or 30 or 40 cities, maybe even 50“. Since then, EF has expanded to Berlin, in addition to existing programmes in London and Singapore, and today the so-called
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Fintech startup Revolut is launching a new type of virtual cards — disposable cards for online purchases. While you could already generate additional virtual cards for a fee, this is a different kind of virtual card as it gets destroyed after each transaction. If you usually shop on Amazon or if you have a Spotify
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French startup Molotov has built the best TV streaming service in its home country. Unfortunately, if you tried using the service in other European countries, Molotov would simply stop working. The startup now lets you stream your content when you’re traveling across the European Union. The European Union has been working hard on creating a
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German startup N26 just raised a $160 million Series C round led by Tencent and Allianz — some of N26’s existing investors are also participating. The company has attracted 850,000 customers and raised $215 million in total. N26 is building a retail bank from scratch. The company plans to double down on everything it’s been