Posts made in February, 2018

on Feb 17, 2018

By Taruka Srivastav The Brussels Court of First Instance, which has jurisdiction in all disputes that are not assigned by law to other courts, has warned Facebook to quit tracking Belgian citizens’ online habits, and to delete all the data it holds on them, or else it will have to pay a €100m fine. The news comes after a German court declared Facebook’s data collection policies in support of advertising to be illegal, dealing a significant blow to the social media powerhouse. It was the Belgian Privacy Commission which first brought the case to the court to check the information that Facebook collects Read full story › Source: The Drum...

on Feb 17, 2018

By Taruka Srivastav After its merger with Didi Chuxing in China, Uber is set to sell its Southeast Asian business to rival Grab in exchange for a majority stake. The move has been hailed as a strategy to help Uber manage its costs in preparation for an IPO as soon as next year. However, the deal hasn’t been finalised yet, as reported by CNBC. The merger will further help Japanese tech giant SoftBank which is building a significant portfolio in ride-sharing companies as it owns stakes in Uber, Didi Chuxing, Grab and Indian ride sharing company Ola. <a target=_blank Read full story › Source: The Drum...

on Feb 17, 2018

By Taruka Srivastav Amazon, YouTube, Verizon and Twitter are in contention to bid for streaming rights for NFL’s Thursday Night Football as reported by Bloomberg. All three social media giants are reportedly bidding hundreds of millions of dollars for the five-year contract. Twitter has already paid $10m for NFL’s digital streaming rights in 2016 while Amazon won them in 2017 for $50m. NFL is seeking help from its TV rights partner, 21st Century Fox, to make a decision. Meanwhile, YouTube’s CEO Susan Wojcicki expressed how she’d “love to stream” the NFL while speaking at Read full story › Source: The Drum...

on Feb 16, 2018

By Bennett Bennett The Winter Olympics were a boon to new national TV ad spending during the week ending February 11th. Expenditures for new ads increased 77%t from the previous week (excluding spend during Super Bowl LII) to reach $256 million. The winter games were responsible for $91 million of these expenditures, or 35%. The last Winter Olympics in 2014 set a record of $977 million for national TV ad spend, easily beating the previous high of $831 million set in 2006. This milestone is likely to be eclipsed by the 2018 competition in PyeongChang, South Korea, and with the event just getting Read full story › Source: The Drum...

on Feb 16, 2018

By Minda Smiley WeWork and J. Crew have partnered for a four-part panel series that will focus on topics such as success, professional fulfillment and what it means to be an entrepreneur today. The series kicked off earlier this week in San Francisco, and will make its way to New York City, Atlanta and Philadelphia over the next month. The panel sessions, which feature WeWork members, are taking place in-store at a J. Crew in each locale. The sessions are being moderated by LinkedIn executives. In addition to the panels, J. Crew is putting up pop-up shops at select WeWorks where Read full story › Source: The Drum...