Internet

On Monday, the FT began publishing a three-day series about the growing international backlash against US technology companies.

The first part focused on how Silicon Valley has embarked on a charm offensive in the wake of growing concerns about their role in US government surveillance and how they use their customers’ data. Part two highlighted the situation in Germany, which is leading the European regulatory push-back against big US tech groups.

We included a survey with these stories asking readers how they have changed their online habits in the past year due to privacy concerns.

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Rocket Internet, the Berlin-based investor in e-commerce companies, is continuing to expand its roster of stakeholders, as its valuation grows past €4bn ahead of an expected IPO later this year. Read more

Tim Bradshaw

Nest’s smart thermostat costs $250. littleBits wants you to make your own for $59. Read more

For the past year, new internet subscribers in the UK have had to make an “unavoidable choice”.

No, it’s not whether to pay for speeds of 152Mb per second, or whether to subscribe to Premiership football. It’s whether to turn on a “family-friendly network filter”, affectionately known as porn blockers.

And what did Brits decide? Read more

Robert Cookson

Facebook has created a new “missed call” product for advertisers in India, marking the first time that the social network has designed a special ad format for a single country.

When a mobile phone user clicks on one of the ads, it calls the advertiser and immediately hangs up. The advertiser returns the call with pre-recorded entertainment content and a marketing message – enabling the consumer to avoid paying data charges.

Facebook’s creation of a special ad product in India, where the company has more than 100m users, is part of a broader push to develop customised solutions across emerging marketsRead more

Anthony Noto, the ex-Goldman Sachs investment banker, has just been named as Twitter’s new chief financial officer. Here are five key things to know about him, writes Arash MassoudiRead more

Jack Ma, Alibaba’s founder, admitted on Sunday that he had never once used Taobao, the ebay-like flagship website for the ecommerce company he will be taking public later this year, writes Charles Clover and Ma Fangjing.

The odd sounding admission came in the middle of a rambling commencement speech to graduates of Tsinghua University on Sunday, in which he highlighted his humble origins and lack of professional experience. He needs to keep his emotional distance from his products, he said, so that he can make decisions about them objectively. And that apparently means not knowing how they work. Read more

goog3

Smart watches, TVs and cars featured prominently on Wednesday as Google laid out its plans for pushing its Android smartphone software into new fields. At its annual I/O developer event in San Francisco, “wearables” had pride of place, with news that the first smartwatches based on Android Wear are now on sale – before Apple unveils its much-anticipated iWatch. With Android TV and Android Auto, on the other hand, Google was playing catch up with Apple. The event pointed to how the battle for the next big tech markets beyond the smartphone will be fought. Richard Waters and Tim Bradshaw were at the Moscone Center for this round. 

Fashion, just like the tech world, is borne from, reflective of and defined by the cyclical and cultural trends that continually evolve and adapt around it.

Both are businesses that are high-risk and tricky to be in, balancing books around supply and demand. But, more specifically, the real art that defines leaders from the pack is preemptively being able to guess what people want and need before they manage to recognize it for themselves. The best at this are making billions, both in fashion and tech.

But there’s one overlapping sector which both the titans of Silicon Valley and tastemakers of London, New York, Paris and Milan are still struggling to get en vogue.

Wearables.

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