US fines Facebook $5bn over Cambridge Analytica, as Europe steps up data enforcement

The US Federal Trade Commission (FTC) voted last week to issue a $5 billion (€4.46 billion) fine against Facebook over the Cambridge Analytica scandal, in which they claim that Facebook violated a prior agreement to not misuse consumer data. The move comes as European authorities levy increasingly large fines against companies over their handling of […]

Privacy startup OneTrust reaches $1.3 billion valuation, offering tools for GDPR compliance

Privacy startup OneTrust reaches $1.3 billion valuation, offering tools for GDPR compliance

A privacy startup that helps companies navigate the complexities of the EU’s General Data Protection Regulation (GDPR) reached a $1.3 billion (€1.16 billion) valuation in its first round of funding, an achievement rivaled by few other tech startups, according to Forbes.  It’s rare to reach $1 billion in a first round of funding, but after raising $200 […]

France approves new tax on multinational tech giants

France approves new tax on multinational tech giants

French lawmakers have voted to approve a new tax on digital services, aimed primarily at large international tech giants based in the US, according to BBC News. A 3 percent tax on sales by large multinational tech companies was passed by the French senate Thursday, after it was approved by the lower house a week earlier. […]

UK regulators call for ban on financial products linked to cryptocurrency

UK financial regulators are proposing a ban on financial instruments linked to cryptocurrencies like bitcoin, saying they’re “ill-suited” for small investors due to their “extreme volatility” and other risks, The Guardian reported Wednesday. The ban would prohibit trading platforms from selling, marketing, or distributing derivatives and other instruments linked to “unregulated transferable cryptoassets” such as bitcoin.  The ban […]

Automation could eliminate hundreds of thousands of UK jobs by 2030

Robots could eliminate as many as 20 million manufacturing jobs by 2030, according to a new report from analytics firm Oxford Economics. Despite this risk, it notes that automation will ultimately fuel economic growth and create new jobs, and calls on governments to help workers adapt to these economic shifts. The analysis also forecasts that […]

Is Raising Funds More Important than Profitability?

Raising funds, getting new valuations, and Series B financing are an inescapable fact of life any startup. We celebrate those companies that are able to pull in eye-popping investments, as with digital bank Monzo – which got valued at £1 billion last year and is looking at raising more funds in order to expand their […]

10 Misconceptions about French support for startups

There are several schemes to help startups in the complicated launching phase. The Research tax credits (CIR) scheme celebrates its 35th anniversary this year and has proved to be one of the main drivers for innovation in France: over 20,000 companies presently benefit from it. However, many misconceptions still persist about this support facility, as […]

#FrenchTechFriday: Keep your home private with Snips

Personal assistants have made their way into our homes. We have opened our doors to Google, Amazon, Apple, Microsoft, Facebook… We are giving them the key to our most best-kept secret: our family. And we pay for it with private information. French startup Snips wants to take to nosing out of voice assistants with strong […]

Out for a record year in French Tech fund raising in 2018?

On the second term of 2018, funds raised by French startups added up to $995 million, which bring the year’s total to $1.846 billion. The record of 2017 will probably be smashed.   The new quarterly insights by CB Insight, dedicated to investments in startups, is out. It confirms that French Tech startups are soaring […]

How You Can Build A Career In Blockchain

There is a change in trust in the financial world. The name of this change often starts with “crypto” or “blockchain”. Here’s how you can build a career in this profitable field. A change of trust Banks today play the role of a trusted financial intermediary in transactions. Importantly, for any deal to take place, […]