+44 (0)1225 471202
May 18, 2012
The Metropolitan Police has implemented a system to extract mobile phone data from suspects held in custody. The data includes call history, texts and contacts, and will be retained regardless of whether any charges are brought. The technology is being used in 16 London boroughs, and could potentially be used by police across the UK. Campaign group Privacy International described the move as a “possible breach of human rights law”. See the full story in The Guardian.
Pinterest has been valued at more than $1bn after raising $100m in funding. The new valuation is at least a fivefold leap in value since October 2011, when a previous financing round put it at $200m. The site is now the 16th most-visited in the US, according to measurement company Alexa. According to ComScore, it had more than 20 million users in April, up from 1 million in July 2011. See the full story in The Guardian.
Facebook has priced its flotation at $38 a share, valuing the company at $104bn (£65.8bn) – more than any other US company has been worth on the day of its market debut. The business raised more than $16bn in the process, marking the second biggest initial public offering there has even been. Only Visa’s was larger. Shares in Facebook are expected to climb even higher when they begin trading on Nasdaq under the FB ticker. See the full story in The Telegraph.
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