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New media commission must tackle social media firms targeting vulnerable for profit, it's claimed


Updated: 16 Apr 2021, 18:16
IRELAND’s new media commission must be able to come down hard on social media companies that target vulnerable individuals for profit, it has been claimed.
Instagram were recently forced to apologise after their algorithms were offering diet products to people with eating disorders.
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Instagram algorithms targeted people with eating disordersCredit: Alamy
Now Fianna Fáil Senator Malcolm Byrne has insisted that the planned new Media Commission will have the power to monitor and take action on the use of algorithms and by social media companies.
Senator Byrne said: “This is a huge area as more and more decisions are being made by simply using machine learning. ....

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Ireland gains 25% of all firms moving from UK after Brexit as 135 move HQs to Dublin


Ireland gains 25% of all firms moving from UK after Brexit as 135 move HQs to Dublin
Updated: 16 Apr 2021, 15:42
IRELAND has won the highest number of firms departing the UK due to Brexit, a new study shows.
A survey by thinktank New Financial found 135 companies which had moved their HQ from Britain had gone to Dublin, followed by Paris (102 relocations), Luxembourg (95), Frankfurt (63), and Amsterdam (48).
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Blue chip firms which landed here included Goldman Sachs, JP Morgan and Bank of America.
Overall, New Financial found over €1 trillion worth of assets had been moved out of the City of London, 90 per cent of it by international banks. ....

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