Popular no-commission stock and cryptocurrency trading platform company Robinhood Markets Inc. today announced that it’s cutting 9% of its full-time employees because of “duplicated roles and job functions” following its rapid growth in 2021. Robinhood Chief Executive Officer and co-founder Vlad Tenev announced the news in a blog post, saying that although the decision was ...

Share in network traffic management and security firm F5 Networks Inc. dropped in late trading after it warned of ongoing supply chain constraints for the second quarter. For the quarter ended March 31, F5 reported a profit before costs such as stock compensation of $131 million, or $2.13 per share, down from $155 million, or $2.50 per ...

Client-side security startup Source Defense Ltd. has raised $27 million in new funding to accelerate growth, including the expansion of sales, marketing, alliances, and research and development. Springtide Ventures led the Series B round. Also participating in the round were existing investors Jerusalem Venture Partners, AllegisCyber Capital, Global Brain, Connecticut Innovations, NightDragon and Capital One Ventures. Including the ...

Information services startup Capella Space Corp. revealed today that it has raised $97 million in new funding to meet the growing demand for its high-resolution synthetic-aperture radar imagery, expand its analytics and imaging offerings and launch its next generation of newly designed satellites. NightDragon led the Series C round, with DCVC and Cota Capital also participating. Including the new ...

Self-driving car technology startup Pony.ai Inc. has obtained a new taxi license in Guangzhou, China, the first robotaxi company to do so. Announced Saturday, the permit allows the company to operate 100 autonomous vehicles as traditional taxis in Nansha District of Guangzhou, one of China’s four Tier 1 city that neighbors the tech hub of Shenzen. ...

Apple Inc. analyst Mark Gurman at Bloomberg today made several new predictions for the iPhone 14 ahead of its launch later this year, including the possible long-awaited launch of satellite connectivity. Reflecting similar predictions from Ming-Chi Kuo in March, Gurman predicts that the iPhone 14 will get some changes but will likely maintain a similar overall form ...

The infamous REvil ransomware gang appears to have returned to business months after being taken offline and members getting arrested. Researchers have spotted that the address used for REvil’s leak site has been redirected to a new site on the darknet, a shady part of the internet reachable with special software called a Tor browser. The ...

An affiliate of the Hive ransomware group has been actively targeting vulnerable Microsoft Exchange servers to deploy the malware. Hive, which emerged in 2021, operates on a ransomware-as-a-service basis. RaaS ransomware purveyors provide the code and customer service to affiliates who undertake the attacks themselves. Typically the RaaS model involves the creator of the malicious ...

Cloud-native logging and security analytics company Devo Technology Inc. announced today that it has acquired Kognos Inc., a company that provides threat hunting tools, for an undisclosed price. Founded in 2017, Kognos offers a cloud-based detection and investigation platform that detects, investigates and responds to attack campaigns. The company’s extended detection and response service is designed to ...

Shares in Snap Inc. share went on a rollercoaster ride in late trading today after only slightly missing analysts’ expectations for its latest quarterly earnings. For the quarter ended March 31, Snap reported a loss before costs such as stock compensation of two cents per share, worsening from breakeven in the same quarter of last ...