Snap Inc. beat expectations across the board in its third-quarter financials today as the chat app maker saw a return to form. For the quarter ended Sept. 30, Snap reported revenue of $446 million, up 50% from a year ago and ahead of analysts’ average prediction of $435.1 million. Snap, infamous as saying that it may never make ...

Microsoft Corp.’s contracts with European Union institutions are in breach of the EU General Data Protection Regulation, according to preliminary findings published Monday by the European Data Protection Supervisor. GDPR, which became EU law in May 2018, regulates processing, movement and use of personal data in the EU with allowances for data transfers outside the union. ...

A database that included customer booking details belonging to Autoclerk, a hotel reservations system owned by Best Western International Inc., has been found exposed online in yet another case of misconfigured cloud storage. Discovered by security researchers at vpnMentor, the 179-gigabyte database included names, date of birth, home address, phone number, dates and costs of ...

Czech cybersecurity firm Avast Software s.r.o., the owner of popular antivirus software provider AVG Technologies N.V., has been hacked, but the company managed to fight off the attack. Those behind the hack managed to gain access by compromising an employee’s virtual private network credentials that were not protected using two-factor authentication. Having gained access, the hacker managed ...

Real estate firm WeWork may soon no longer be an independent company: Lead investor SoftBank Group Corp. reportedly is in talks to take over control of parent company The We Company in an effort to arrest its ongoing losses. CNBC reported today that SoftBank is in very advanced talks to take over WeWork on a valuation of $7.5 billion ...

Bitcoin.com has acquired O3 Labs Inc., a Japanese startup that offers a range of cryptocurrency services for an undisclosed price. Under the deal, O3’s team and its services will be absorbed into Bitcoin.com. O3, based into Tokyo, primarily offers a cryptocurrency wallet with related developer support through a digital application programming interface. In addition, the ...

Huawei Electronics Co. Ltd. is in early-stage talks with U.S. telecommunications companies to license its 5G networking technology, bypassing a ban placed on its exporting its equipment to the U.S. in May just as related bans are starting to affect the company. Confirmation of the talks came via Vincent Pang, Huawei senior vice president and board director who ...

Some 2.8 million customer records have been exposed online by communications firm CenturyLink Inc. in the latest case of a company failing to secure an online database. Discovered and publicized Friday by security researcher Bob Diachenko and researchers at Comparitech Ltd., the MongoDB database included application programming interface logs with customer information. The customer information ...

Facebook Inc.’s Libra could possibly change course in the future and instead launch multiple so-called stablecoins tied to traditional currencies. The surprise announcement came from Libra head Davis Marcus, who told a banking seminar over the weekend that the group’s main goal remained to create a more efficient payment system, including looking at alternative approaches. ...

Artificial intelligence recruitment platform startup Project Crowd AG is taking a somewhat unusual route to raise funds, listing security tokens for sale on the digital investment platform WeOwn. The offering is seeking to raise 1 million Swiss Francs ($1.01 million). Investors can buy into the company with a minimum investment of 200 CHF ($202.50). Unlike ...