A new report from PitchBook Data Inc. finds that median and average late-stage venture capital valuations took a significant hit in the third quarter, a quick fall after the rapid rise seen in 2021. The report, which examined the valuations on VC deals in the third quarter, found that although late-stage valuations had dropped, the ...

Security awareness training company KnowBe4 Inc. today announced a new service designed to provide real-time security coaching to reduce risky behavior. The aptly named “SecurityCoach” offers human detection and response, or HDR, that correlates, identifies and responds to tens of thousands of detected events. Events include risky security behavior among an organization’s users being generated within an ...

The U.S. Department of Justice has seized $3.36 billion in bitcoin and obtained a conviction against a man who stole bitcoin from the infamous dark web marketplace Silk Road before it was shut down in 2013. James Zhong from Gainesville, Georgia was alleged to have stolen about 50,000 bitcoin from Silk Road in September 2012. ...

Shares in Lyft Inc. plunged in late trading after the ride-hailing company missed on earnings, revenue and rider numbers in its fiscal third quarter. For the quarter that ended Sept. 30, Lyft reported an adjusted earnings per share loss of $1.18, down from a loss of 30 cents per share in the same quarter of ...

Apple Inc. today issued a warning that supplies of the iPhone 14 Pro and iPhone 14 Pro Max will be lower than previously anticipated because of COVID-19 restrictions at a factory located in Zhengzhou, China. Apple didn’t say how restrictive the supply of iPhone Pro models would be, but the company did warn that customers would ...

Meta Platforms Inc., the parent company of Facebook, is preparing to lay off thousands of employees in the week starting Monday, according to a report today from The Wall Street Journal. Describing the layoffs as “large-scale,” the report, referencing people familiar with the matter, suggests that Meta’s layoffs could be the largest of any tech ...

Investors hammered Atlassian Corp. stock in after-hours trading after the Australian software company missed earnings forecasts and gave a lower outlook than had been expected by analysts. For its fiscal quarter ended Sept. 30, Atlassian reported net income of $92.5 million, or 36 cents per diluted share, down from $94.4 million, or 37 cents in ...

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, ...

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. ...

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 ...