Uber Technologies Inc. is under investigation by the U.S. Federal Trade Commission for a partnership with food-delivery service Gopuff and its acquisition of alcohol delivery service Drizly, according to a report today by The Information. The investigation, said to have begun at the end of June, is looking at whether the Uber Gopuff partnership, as well ...

Cross-chain decentralized finance platform provider Poly Network has been hacked with more than $600 million in cryptocurrency stolen. The Poly Network provides a service that offers interoperability among multiple blockchains. It allows users to exchange digital assets such as cryptocurrency between various blockchains with support for bitcoin, Ethereum, Neo, Onotology, Elrong, Zilqa and various others. ...

Another busy day on the cybersecurity front: NortonLifeLock Inc. said late today it’s acquiring Avast plc, and McAfee Corp. beat analysts’ expectations in its second-quarter earnings. The acquisition of Avast PLC, formally referred to as a merger, was first reported in July. Under the terms of the agreement, Avast shareholders will be entitled to receive ...

Shares in Coinbase Global Inc. remained somewhat flat in after-hours trading today despite the cryptocurrency exchange strongly beating estimates in its first earnings report after going public in April. For the quarter ended June 30, Coinbase reported revenue of $2.23 billion, up from $186.4 million in the same quarter of 2020. Earnings came in at ...

Enterprise security firm Tessian Ltd. revealed today that it has extended funding from a previous round in May to $74 million to accelerate its mission of mitigating and preventing human risk in the enterprise. The additional funding comes from Okta Ventures, Citi Ventures, Sozo Ventures and executives from CrowdStrike. Previous investors in the round were March Capital, ...

A newly discovered Android Trojan is believed to have more than 10,000 victims through social media hijacking, third-party app stores and sideloaded applications. Detailed today by researchers at Zimperium Inc.’s lab, the malware, dubbed “FlyTrap,” employs social engineering tricks to compromise Facebook accounts. it was found to have come from Vietnam, with malicious actors running the ...

Chinese company ByteDance Ltd., the owner of wildly successful social media app TikTok, is reportedly planning to go public in Hong Kong after shelving plans for an initial public offering in the U.S. earlier this year. The Financial Times, referencing people with knowledge of the plans, reported today that the company is planning to list in ...

The U.S. Securities and Exchange Commission has fined cryptocurrency exchange Poloniex LLC $10 million to settle charges of operating an unregistered online digital asset exchange. The SEC’s order today found that Poloniex, owned by Circle Internet Financial Ltd. since 2018, ran a web-based trading platform that facilitated buying and selling digital assets between July 2017 ...

Application security testing firm Checkmarx Ltd. has acquired open-source supply chain security startup Dustico Ltd. for an undisclosed price. Founded in 2020, Dustico offers a platform for code packages behavioral analysis and detection of open-source software supply chain attacks. The technology is built to go beyond traditional source vulnerability analysis and look at the behavior ...

Shares in content delivery network company Cloudflare Inc. dropped in after-hours trading today after investors were not impressed by the size of the company’s beat. For the quarter ending June 30, Cloudflare reported revenue of $152.4 million, up 53% year-over-year. Net loss in the quarter was $35.5 million or two cents per share compared with ...