Author: Toby Shapshak

The first time I opened a bank account it was in a grand branch of Barclays Bank in an era when the bank manager was a kind of demigod. I remember the upheaval and drama when Barclays, quite rightly, left our then pariah country. Back then “going to the bank“ was one of the things that you did like going to the post office or going shopping. The bank had an extraordinarily central part in society by virtue of the fact that everybody got money from the bank. If you had a loan or you wanted to deposit or withdraw money, the only…

Another week, another Facebook scandal. Feels just like 2020, and every year before it since The Great Social Media Awakening after the breath-taking manipulation of democracy in the United Kingdom and United States by Cambridge Analytica in 2016. The economic train-wreck-in-slow-motion of Brexit has been playing out for five absurd years, caused by Facebook manipulation that broke innumerable British voting laws, and will continue to devastate the UK’s economy for another decade before the naysayers realise that the European Union was as bad as they thought. Donald Trump took not only social media, but also the last remaining superpower, into…

What is the most galling thing about the latest Facebook data hack of 533m users’ personal data? Is it that Facebook was warned as far back as 2012 about the data scraping vulnerability? Or that Facebook intimated that it was the users own fault? First, the facts, as best we know them. As usual, Facebook wasn’t even aware they had been breached. A dataset of 533m Facebook user details appeared on a hacker forum last week with their phone numbers and other details. Business Insider reported about the data breach on 3 April and since then Facebook hasn’t answered many…

If you recently bought a new bakkie, you might have found its manufacturer keeps telling you they can’t deliver it because of a global shortage of a key component. You’d be surprised to discover that crucial part is actually a microprocessor, not that different from the chips in your smartphone. Technology has reached its tentacles into so much of our lives that the shortage caused by the pandemic has this strange knock-on effect in such vastly different industries as automation and telecoms. Ardent gamers desperate for their new Xbox or PlayStation consoles are similarly affected – and arguably the most…

It has to be the world’s most famous shark picture. Apart from maybe Jaws, no other shark has its own meme. It is in fact a photograph of a real shark sticking its head out of the water. But it was the addition of this priceless caption – “Rare image of a shark stepping on a Lego” – that’s made it an immortal piece of satire. Ask any parent whose child has discovered the joys of Lego, and they will be able to relate a story involving a bare foot, a Lego brick and excruciating pain. You could add day…

At least CEO Jack Dorsey was honest enough to admit that Twitter had played a role in the January 6 US capital riot. The other two tech giant CEOs being grilled by US lawmakers last year – Google’s Sundar Pichai and Facebook’s Mark Zuckerberg – didn’t directly reply to the simple yes or no question put to them. Research has already shown that Facebook played by far the biggest role in armed militia organising to storm the US capital building to stop the final certification of President Joe Biden’s win. Spurred on by former President Donald Trump, this mob ransacked…

Remember those statistics about how rapidly the internet has usurped more traditional business models. It took the telephone 50 years to reach 50 million, while television took 22 years, computers took 14 years, mobile phones 12 years, the internet seven years, Facebook four years and WeChat just one. Pokemon Go did it in 19 days. If that didn’t demonstrate the power of gaming, then nothing does. Another remarkable statistic has just emerged. It took Netflix a decade to reach 100 million streaming video customers. Late comer Disney + took just 16 months to do the same. Netflix remains the streaming…

The United Kingdom’s Supreme Court has made an important judgement this week which upheld an earlier ruling that classifies Uber drivers as workers instead of independent contractors. This key definition means the Uber drivers can get all of the benefits they would if they were employed in the normal way. Uber and the gig economy companies have tried to re-write reality, defining the drivers as “partners” and therefore avoiding what most businesses need to do to thrive, which is to give your workers the right tools for the job. In the case of a transportation company that would be car,…

If you haven’t already heard about them, non-fungible tokens (NFT) are the hottest new thing since, well, Clubhouse. The audio-only app, which eschews recordings for live-only conversations, is perhaps a fitting comparison for NFTs and equally ethereal. A non-fungible token is the closest thing we’ve gotten so far to creating ownership of something digital. A token is named for something on a blockchain, and as the name infers, it represents something. In this case a digital piece of art or music. Fungible means something can be exchanged for something else of the same kind. A non-fungible token therefore is a…

Just when it seemed like South Africa would finally get new spectrum licenced for the first time in 15 years at a month-end auction, a legal spanner has brought it to a halt. As I’ve tried to explain before, the issues are as clear as mud. Telkom, the third largest operator, complained that the auction rules would favour the two biggest players, Vodacom and MTN. So it sued ICASA last year. MTN also sued the regulator earlier this year, concerned that the auction would deny it access to the crucial 3.5Ghz range – of which Telkom already has. On Monday,…