Duncan Riley
Latest from Duncan Riley
Despite smashing earnings forecasts, Cloudflare sees shares plunge on growth concerns
Shares in content delivery network company Cloudflare Inc. plunged in late trading even though it beat all expected metrics in its latest earnings report as investors were reportedly spooked by figures suggesting moderating growth. For its third quarter that ended Sept. 30, Cloudflare reported a profit before costs such as stock compensation of $19.1 million, ...
Block shares surge on strong earnings beat
Shares in Block Inc. surged in late trading after the payments company delivered a strong earnings beat in its latest quarterly report. For its fiscal third quarter, Block reported net income before costs such as stock compensation of 42 cents a share, up from 25 cents a share in the same quarter of last year. ...
Higher-than-expected user numbers elevate Coinbase shares
Shares in Coinbase Global Inc. rose slightly in late trading after the cryptocurrency exchange reported better-than-expected user numbers amid misses on its latest quarterly earnings and revenue. For its fiscal third quarter that ended Sept. 30, Coinbase reported a loss before costs such as stock compensation of $2.43 a share on revenue of $590 million. Analysts ...
Open-source developer platform startup Gitpod raises $25M
Open-source developer platform startup Gitpod GmbH today announced that it has raised $25 million in new funding to create a new category — what it calls cloud development environments. Tom Preston-Werner, founder and former chief executive officer of GitHub, led the Series A round, with General Catalyst, Crane Venture Partners, Vertex Ventures US, Speedinvest, Pebblebed, GTMfund, MongoDB Ventures ...
Google proposes list of five principles for IoT security labeling
Google LLC today released a proposed list of five principles around “internet of things” security labeling with an aim to increase security and transparency for electronic products that connect to the internet. While noting that there has been more focused activity across policymakers, partners, developers and public interest advocates over the last year, Google argues ...
130 Dropbox GitHub repositories compromised in successful phishing attack
Cloud storage provider Dropbox Inc. has disclosed the details of a recent phishing attack that resulted in unauthorized access to 130 of its GitHub software code repositories. While noting that no content, passwords, or payment information were compromised in the attack, Dropbox said Tuesday that it was providing the details of the attack as part ...
Lower operating expenses give Robinhood a surprise earnings beat
Robinhood Markets Inc. bucked market trends and its own recent history today as its share price rose in late trading today on a surprising earnings beat in its fiscal third quarter. For its third quarter that ended Sept. 30, Robinhood reported a net loss of $175 million, or 20 cents per share, down from $295 ...
Cyber slide: Dynatrace, Fortinet and Rapid7 shares drop amid broader market slump
Cybersecurity is no longer a safe haven for investors. Shares in Dyantrace Inc., Fortinet Inc. and Rapid7 Inc. fell despite solid quarterly earnings reports amid a broader market slump that saw the Dow plunge 500 points and the Nasdaq fall 3% amid ongoing inflation concerns and rising interest rates. Dynatrace was the first of the ...
Enterprise data intelligence startup Alation raises $123M to accelerate growth
Enterprise data intelligence startup Alation Inc. today announced that it has raised $123 million in new funding to accelerate its growth and global expansion while driving strategic product innovation as the demand for data intelligence platforms surges. Thoma Bravo, Sanabil Investments and Costanoa Ventures led the Series E round. Databricks Ventures, Dell Technologies Capital, Hewlett Packard ...
Musk lays out Twitter Blue plan: $8/month for priority replies, mentions and search
Nearly a week after Elon Musk acquired Twitter Inc., his reign as “Chief Twit” cannot be described as dull, and today’s wrinkle was his vision for Twitter Blue, the microblogging platform’s paid subscription service. Musk (pictured) said — naturally on Twitter — that “Twitter’s current lords & peasant system for who has or doesn’t have a blue checkmark ...









