FT News Briefing Brexit financial services woes, Salesforce eyes Slack, Facebook’s ad troubles
Nov 26, 2020
The podcast dives into the turbulent state of Europe's financial sector as Brexit's deadlines loom. There's a spotlight on Salesforce's potential multi-billion-dollar acquisition of Slack, and how it might reshape the cloud software arena. The conversation also brings to light Facebook's controversy over misleading ads in the UK, revealing the regulatory challenges it faced. Meanwhile, UK Chancellor Rishi Sunak raises alarms about a looming economic emergency, accentuating the nation's fiscal woes and record-high borrowing.
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Brexit and Financial Services Uncertainty
- Brexit's impact on financial services is causing "peak uncertainty," says David Schwimmer.
- The EU's refusal to include financial services in Brexit talks creates market access challenges.
Salesforce and Slack: A Potential Power Couple
- Salesforce's potential acquisition of Slack could boost Slack's growth, hindered by Microsoft Teams.
- Slack's strategic value lies in its potential as a front-end for various cloud applications.
Facebook's UK Ad Troubles
- Facebook deleted over 2,000 UK ads violating regulations after ASA intervention.
- Some ads promoted dubious COVID-19 cures, raising concerns about Facebook's self-policing abilities.