Eutelsat Shares Slip as Investors Pause Rally on Ukraine Prospects

Shares in Franco-British satellite operator Eutelsat pulled back on Friday after soaring nearly 500% this week on the prospect of potentially replacing Starlink in Ukraine. By 0855 GMT, Eutelsat’s shares were down 16.6% at 5.77 euros, after rallying 477% this week as of Thursday’s close. Analysts suggested retail traders were amplifying a short squeeze in…

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UK Asks Social Media Firms to Assess Online Risks by March 31

Britain’s media regulator Ofcom on Monday set social media and other online platforms a March 31 deadline to submit a risk assessment around how likely users are to encounter illegal content on their sites. New laws passed last year require companies like Meta’s Facebook and Instagram and ByteDance’s TikTok to take action against criminal activity…

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UK Launches Investigation Into TikTok, Reddit Over Children’s Personal Data Practices

Britain’s privacy watchdog, the Information Commissioner’s Office, on Monday launched an investigation into how TikTok, Reddit and online image sharing website Imgur safeguard children’s privacy. Social media companies use complex algorithms to prioritise content and keep users engaged. However, the fact that they amplify similar content can lead to children being influenced by increasing amounts…

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Microsoft Shutting Down Skype in May

Microsoft is closing down Skype, the video-calling service it bought for $8.5 billion in 2011 and which had helped spark a transformation in how people communicate online Microsoft is closing down Skype, the video-calling service it bought for $8.5 billion in 2011, which had helped spark a transformation in how people communicate online. The tech…

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FAA OKs SpaceX Starship Flight 8 Launch After Flight 7 Mishap

The Federal Aviation Administration said on Friday it cleared the SpaceX Starship vehicle to return to flight operations while an investigation into the January 16 Starship Flight 7 mishap remains open. The FAA said it issued a license authorizing the SpaceX Starship Flight 8 launch for the combined Starship/Super Heavy vehicle from Boca Chica, Texas…

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