Here are some of the important tech news stories you may have missed this week.
Q4 results aplenty
Google, Facebook and Amazon all announced Q4 performance results. Facebook announced $4.26 billion profit on revenues of $12.97 billion, Amazon announced $1.9 billion profit on revenues of $60.5 billion and Google announced a $3 billion loss on revenues of $32.3 billion.
Zuckerberg also announced his intention to give extra prominence in Facebook’s news feed to source he deemed to be ‘broadly trusted’.
Major investments in start-ups
One of the biggest investments of the week comes from Softbank’s Venture Fund, which invested $300 million in dog walking start up Wag Labs Inc.
The price of Bitcoin plummets
The price of Bitcoin hit a relative low of $8,000 after a number of important announcements in the last week. The first was Facebook’s decision to ban cryptocurrency adverts from showing on its platform; this was followed-up by an announcement from India’s Foreign Minister proclaiming he doesn’t consider cryptocurrency to be legal tender.
eBay announces a new a partner
eBay announced a new partner in the form of Adyen, a Dutch payment processing company. eBay announced the partnership was the first step towards facilitating an integrated shopping and checkout experience. PayPal will still be an option for buyers at least until 2023.
Internet users surpass 4 billion for the first time
A rapid increase in smartphone usage in Africa has resulted in a 7% YoY increase in the number internet users according to a study published by Hootsuite and WeAreSocial.
Fewer than half of UK business aware of GDPR
The UK govt. released a report asserting that fewer than half of UK businesses are aware of impending changes occurring May of this year to data protection legislation.
GDPR will signal a wholescale change to how companies should process data and will apply to any organisation storing data on customers in EU member states (irrespective whether those organisations are based in the EU or not).