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Trial begins in $8 billion lawsuit against Mark Zuckerberg and other Meta leaders over Cambridge Analytica privacy scandal

Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users’ personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump’s successful Republican presidential campaign in 2016. Shareholders say Facebook officials repeatedly and continually violated a 2012 consent order with the Federal Trade Commission under which Facebook agreed … Read more

Key Cambridge, UK VC launches $126M fund to stem later stage flight

It’s often said that the UK and Europe lack the huge level of growth funding for later-stage startups that the US has for its own, and this is correct. According to the European Investment Fund, there are at least seven times more large-size VC funds in the US than in Europe. So the appearance of a … Read more

UK revives plan for rival to Silicon Valley between Oxford and Cambridge

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government will turbocharge a strategic plan to create a British rival to Silicon Valley around Oxford and Cambridge, the latest sign that Labour is focusing on high-productivity areas of the economy in its … Read more

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