Duncan Riley
Latest from Duncan Riley
Affirm shares bounce on new Amazon deal and strong guidance
Shares in Affirm Holdings Inc. bounced in after-hours trading today after the payments company announced an expanded deal with Amazon.com Inc. and predicted stronger-than-expected December quarter revenue guidance. For the quarter ended Sept. 30, Affirm reported revenue rose 55% from the previous quarter. Adjusted operating loss came in at $45.1 million or 40 cents per share, compared ...
Bitcoin and Ethereum hit record highs on surging investor interest
Bitcoin and Ethereum hit a new record high in trading overnight as investors surge back into cryptocurrencies. Bitcoin hit a high of $68,525 at 11 p.m. Monday before investors took profits and drove the price down slightly during the day. Bitcoin’s previous high was just below $67,000 on Oct. 20. Ethereum also hit a record ...
Amazon-backed electric vehicle firm Rivian’s shares soar 43% after IPO
Updated: Shares of Amazon.com Inc.-backed electric vehicle firm Rivian Automotive Inc. soared 43% in their debut on the Nasdaq exchange after one of the biggest initial public offerings of the year. Late Tuesday, the company had set a price of $78 per share. Rivian, whose shares trade under the ticker symbol RIVN, had previously said that it ...
Twitter Blue subscription service launches with ad-free articles and undo feature
Twitter Blue, Twitter Inc.’s subscription service, is now available in the U.S. and New Zealand after a soft launch in Australia and Canada earlier this year. First rumored in May, the service costs $2.99 in the U.S. and offers a range of features meant to improve on Twitter’s standard service. The standout feature of the ...
Coinbase shares dive on weaker-than-expected revenue
Shares in Coinbase Global Inc. dived in after-hours trading today after the cryptocurrency exchange reported weaker-than-expected third-quarter revenue. For the quarter ended Sept. 30, Coinbase reported revenue of $1.234 billion, well up from $287 million in the same quarter of 2020 but down from $2.033 billion in the previous quarter. Profit in the quarter came ...
Application security startup Contrast Security raises $150M on $1B+ valuation
Application security startup Contrast Security Inc. has raised $150 million in new funding to meet growing demand, further gain market share with accelerated global expansion plans and provide the company with additional flexibility to execute on strategic opportunities and acquisitions. Liberty Strategic Capital led the Series E round. Also participating were Warburg Pincus, Battery Ventures, General ...
Breach and attack simulation startup SafeBreach raises $53.5M for expansion
Breach and attack simulation startup SafeBreach Inc. had today announced that it has raised $53.5 million in new funding to fuel the company’s plans to expand its market footprint to new geographies and evolve its offerings in response to client needs. Sonae IM and Israel Growth Partners led the Series D round. Also participating in the round ...
REvil ransomware gang members and affiliates arrested in multiple raids
REvil ransomware gang members and affiliates have been arrested across the globe as law enforcement and authorities continue to target ransomware operators. Confirming what had been suspected since REvil announced it was shutting down on Oct. 18, the U.S. Department of Justice said two foreign nationals linked to REvil were arrested last month. The indictment, only ...
Social engineering attack on Robinhood affects 7M customers
Robinhood Markets Inc. has suffered a data breach, with the details of about 7 million customers stolen. The company said in a blog post that the “data security incident” was detected on Nov. 3 and involved an unauthorized third party obtaining access to personal information for a portion of customers. While not providing specific details, ...
$10M reward offered to track down the DarkSide ransomware gang
The U.S. Department of State is offering a reward of up to $10 million for information leading to identifying or locating any individuals who hold key leadership positions in the DarkSide ransomware gang. In addition, the State Department is also offering a reward of up to $5 million for information leading to the arrested or ...









