Online music distribution startup Kid Distro Holdings LLC, best known as Distrokid, today said it has raised an undisclosed amount of new funding to fuel the continued development of its tools. The funding came from Insight Partners and valued the company at $1.3 billion, giving Distrokid unicorn status for the first time. Founded in 2003 ...

T-Mobile USA Inc. today confirmed that reports over the weekend that it was hacked, although it declined to provide specific details. The company launched an investigation after a hacker named “Subvirt” advertised allegedly stolen data on the popular hacking site Raid Forums. While the hacker or hackers did not name T-Mobile, they did so when contacted by ...

T-Mobile USA Inc. has launched an investigation into a hacker advertising allegedly stolen customer records on a popular hacking forum. The hacker, who goes by the name of “Subvirt,” made the post on Raids Forum and is asking for a payment of 6 bitcoin ($286,000) from other hackers who may want some of the stolen ...

The U.K. competition regulator today said it has provisionally ruled that Facebook Inc.’s acquisition of Giphy Inc. lessens competition and will force the social media giant to sell the company should the ruling become final. Facebook acquired Giphy, an animated GIF image sharing platform, for $400 million in May 2020. Giphy is wildly popular and ...

Ahead of its plans to go public via a special-purpose acquisition company, Circle Internet Financial Inc. has announced its intention to become a fully registered bank. Under the proposal, Circle will become a full-reserve commercial bank registered with the U.S. Federal Reserve, U.S. Treasury, the Office of the Comptroller of the Currency and the Federal ...

Shares in Airbnb Inc. dropped in after-hours trading today despite a solid earnings report after the company warned of the impact of the Delta COVID-19 variant on bookings. For its second quarter of 2021, Airbnb reported revenue of $1.3 billion, up 299% over the same quarter in 2020 and up 10% over the second quarter ...

Lidar startup Innovusion Inc. today announced it has raised $66 million in new funding to increase the production capabilities of its automotive-grade lidars, expand its global footprint and broaden its research and development efforts. Guotai Junan International Private Equity Fund led the Series B round. Other investors included Shunwei Capital, Nio Capital, F-Prime Capital, Eight Roads Ventures ...

Information technology consulting giant Accenture PLC has been struck by ransomware that resulted in customer data stolen. The attack is believed to have taken place today. The LockBit 2.0 ransomware gang took responsibility, claiming to have stolen 6 terabytes of data. It demanded a $50 million ransom be paid or the stolen data would be ...

Chinese self-driving car technology startup Pony.ai reportedly has scrapped plans to go public in the U.S. as the Chinese government continues to crack down and regulate various sectors of the country’s economy. Reuters reported today that Pony.ai had planned to go public through a special-purpose acquisition company in the U.S. in a $12 billion deal, but ...

In a strange turn of events, the hacker behind the theft of more than $600 million in cryptocurrency from cross-blockchain decentralized finance platform provider Poly Network has started to return some of the stolen funds. The hacker, who goes by the name of “Etherhood,” started by returning small amounts of the stolen funds, initially $4.8 ...