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FanDuel co-founder Lesley Eccles among speakers at Scotland's 'premier tech investor conference'

FanDuel co-founder Lesley Eccles among speakers at Scotland's 'premier tech investor conference'
scotsman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scotsman.com Daily Mail and Mail on Sunday newspapers.

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Tech firms to pitch for cash at EIE21

Left to right are Paul Patras of Net AI, Genevieve Patenaude of Earth Blox and Emma Carroll of OnGen. Picture: Stewart Attwood
The EIE21 tech investor conference is set to take place in June with 25 Scottish firms among those pitching for up to £2 million of investment.
A further seven start-ups from further afield have also been chosen to take part in the virtual event on June 10. Among them are Transwap, a Singapore fintech in the process of setting up in Scotland, London-based fintech Bridgeweave and iLoF, a digital health specialist based in Oxford.
EIE is a year-round programme run by the University of Edinburgh’s Bayes Centre in partnership with the Data-Driven Innovation (DDI) initiative. The year-round programme is highlighted by a day of pitching to investors from around the world for seed level funding up to £2m or more. ....

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What does Facebook own?

Sina Weibo – 511 million
Alphabet-owned YouTube is the only serious competitor and its focus on videos puts it in a very different sector to Facebook’s social media platforms and messaging services. With this in mind, there is an argument that Facebook has a monopoly over social media in the West. There are competitors in the market, but they do not boast the user numbers or the power to attract the same level of marketing dollars as Facebook. For example, Snapchat has 498 million users while Twitter has less than 200 million monetizable users.
Notably, many of the businesses Facebook acquired, particularly in its earlier years, were closed with the talent and technology being integrated into Facebook, while some rival social media sites were bought and shut down. ....

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