Uber Technologies Inc. is reportedly cutting as much as 20% of its workforce amid the coronavirus pandemic as it loses a key executive: Chief Technology Officer Thuan Pham. The Information reported today that the job cuts have been discussed by Uber executives and, though not finalized, may be announced in stages in the coming weeks. The net ...

Data stolen in a ransomware attack in March from ExecuPharm, an outsourcing company servicing the pharmaceutical industry, has been published online. The published stolen employee data is said to include Social Security numbers, taxpayer I.D.s, driver’s license numbers, passport numbers, bank account numbers, credit card numbers, national insurance numbers, national ID numbers, IBAN/SWIFT numbers and ...

Starbucks Corp. has struck up a partnership with Sequoia Capital’s China investment arm to make strategic investments in mainland China. A company best known for its American coffee teaming up with the most famous venture capital firm in Silicon Valley is arguably odd, but there is some logic to the deal announced today. Starbucks is ...

After a tumultuous two months during the COVID-19 pandemic, the price of bitcoin is starting to return to form as the cryptocurrency sees its highest prices since the second week of March. During the pandemic and related financial turmoil, bitcoin has been on a rollercoaster ride, dropping briefly below $4,000 March 12, down from more than ...

Facebook Inc. has alleged that Israeli spyware company NSO Group Technologies Ltd. hacked about 1,400 WhatsApp users using U.S. servers. The claim came in a court filing Friday made in response to an attempt by NSO Group and its affiliate Q Cyber Technologies Ltd. to have the WhatsApp lawsuit dismissed. NSO claims that it has sovereign immunity from ...

Bitcoin mining equipment maker Ebang International Holdings Inc. has filed to go public with the U.S. Securities and Exchange Commission. Founded in 2010, Ebang designs and manufactures application-specific integrated circuit chips and fabless integrated circuits for bitcoin mining machines. A top 10 manufacturer in the market, the company was the leading bitcoin mining machine producer in 2019, ...

Payment technology company Stripe Inc. today added a range of new features to its lineup of services nearly two weeks after announcing it raised $600 million in new venture capital. The three major updates include expanded support for global card networks, an updated revenue optimization engine and a new application programming interface that allows U.S. businesses to issue ...

Fresh off better-than-expected quarterly earnings, Snap Inc. today announced that it plans to raise $750 million in new funding through a debt offering. Snap will issue convertible senior notes that expire May 1, 2025, unless repurchased, redeemed or converted before that date, with an option for buyers to acquire an additional $112.5 million of the ...

Online collaborative whiteboard startup Miro (RealtimeBoard Inc.) today said it has raised $50 million in new funding to expand its platform. The goal is to provide enterprises and developers with application programming interfaces to embed Miro whiteboards into their business applications. The Series B round was led by ICONIQ Capital and included Accel and a number of individual investors. ...

Zoom Video Communications Inc. continues to surge in popularity during the COVID-19 pandemic even as yet another security vulnerability has been revealed. Chief Executive Officer Eric Yuan revealed during a webinar on April 22 that the company now has more than 300 million daily users, up 50% from 200 million users it had at the beginning ...