10.11 - News Briefing

Apple has lost a case brought against then by EPIC games which will force the App to rival forms of payment, although Apple will appeal.

 

 

EV car make Rivian, 22% owned by Amazon,  has price its IPO at $78 / share - significantly above the $52-$62/share it announced earlier this month. Rivian is yet to record any revenue, has incurred losses of $1bn in half 1, but has 150,000 vehicles on pre-order. Investors are comparing them to Tesla.

 

 

Facebook whistle blower Frances Haugen gives us a perspective into how the world of targeted ads work - https://www.ft.com/content/dcc9c9bf-2abe-4167-aaac-efc067d5a359

 

 

Properties in London Boroughs fell during the pandemic despite double digit growth for the rest of the UK. Low interest rates and the desire to move out of the city to more rural locations, (with a garden!) following homeworking resulted in a change in the supply and demand.

 

 

Rishi Sunak has proposed details of Britians financial regualtion after Brexit. Sunak promises 'growth and competitiveness' and the consultation is open to feedback until 9th February. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/927316/141020_Final_Phase_II_Condoc_For_Publication_for_print.pdf