A rural college in Illinois is closing down partly as a result of a cyberattack that struck the education facility in December. Lincoln College described the attack only as a “cyberattack” that thwarted admissions activities and hindered access to all institution data, creating an unclear picture of the school’s fall 2022 enrollment projections. All systems ...

Uber Technologies Inc. Chief Executive Dara Khosrowshahi has told staff in an email that the company plans to slash costs on marketing and incentives and will treat hiring as a “privilege.” The email, which was sent to staff on Sunday, according to CNBC, has Khosrowshahi saying the business needs to address a “seismic shift” in investor sentiment. ...

The price of bitcoin dropped below $30,000 today, its lowest since July 2021, as investors sold the cryptocurrency amid a broader fall in equity markets. Although it’s easy to pay attention to the drop in bitcoin alone, the Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq dropped 5% — ...

In a follow-up to its latest quarterly venture capital report, PitchBook has done a deep dive into financial technology companies and, like the rest of the market, venture capital funding in the sector dropped last quarter. However, there are emerging opportunities going forward in markets such as cryptocurrency finance. For the first quarter of 2022, ...

U.S. President Joe Biden has signed a National Security Memorandum aimed at maintaining leadership in quantum information science and mitigating the risks of quantum computing to national security. The memorandum released Wednesday details both the benefits and risks of quantum computing, with the risk that quantum computing, specifically cryptoanalytically relevant quantum computers, will be able to ...

Shares in Block Inc. defied market trends and rose in late trading today despite the company, previously known as Square Inc., missing estimates on earnings and revenue in its latest quarter. For the quarter ended March 31, Block reported adjusted earnings per share of 18 cents, down from 41 cents per share a year earlier, ...

Shares in four cybersecurity-related companies — Cloudflare Inc., SailPoint Technologies Holdings Inc., NortonLifeLock Inc. and Netscout Systems Inc. — all dropped in extended trading today despite delivering mostly strong earnings reports. Red ink on share prices was the story of the day, with the Nasdaq dropping by 5% and the Dow down by 1,000 points ...

Google LLC today confirmed it has acquired Raxium, a startup that develops microLED displays used in augmented reality headsets and other devices. It was first reported that Google had acquired the company in March. Although Google confirmed the acquisition, it has not revealed the reported acquisition price of $1 billion. Founded in 2017, Raxium specialized ...

Intercontinental Exchange Inc., the owner of the New York Stock Exchange, today announced an agreement to acquire data technology and mortgage market infrastructure firm Black Knight Inc. for $13.1 billion. The deal is a cash-and-stock transaction and values Black Knight at $85 per share. Founded in 2008, Black Knight provides integrated technology, data and analytics ...

Shares in Fortinet Inc. rose in late trading after the cybersecurity company beat estimates in its latest quarterly earnings report. For the quarter ended March 31, Fortinet reported a profit before costs such as stock compensation of $155.1 million, or 94 cents per share, up from $164.2 million, or 81 cents per share, in the ...