Duncan Riley, Author at SiliconANGLE

Apps

UK regulator rules against Facebook’s acquisition of Giphy on competition grounds

By Duncan Riley Aug 12, 2021

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…

Blockchain

Circle announces plans to become a fully registered bank

By Duncan Riley Aug 12, 2021

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…

Apps

Airbnb shares fall on warning that COVID Delta variant will hurt bookings

By Duncan Riley Aug 12, 2021

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,…

Emerging Tech

Lidar startup Innovusion raises $66M to boost production and expand market reach

By Duncan Riley Aug 12, 2021

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…

NEWS

$50M payment demanded from Accenture in ransomware attack

By Duncan Riley Aug 11, 2021

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…

Emerging Tech

Self-driving car startup Pony.ai scraps listing plans amid China crackdown

By Duncan Riley Aug 11, 2021

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…

Blockchain

Hacker behind $600M Poly Network cryptocurrency heist starts to return funds

By Duncan Riley Aug 11, 2021

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…

NEWS

FTC reportedly investigating Uber over Gopuff deal and Drizly acquisition

By Duncan Riley Aug 10, 2021

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.…

Blockchain

Hackers steal $600M in cryptocurrency from DeFi provider Poly Network

By Duncan Riley Aug 10, 2021

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…

NEWS

NortonLifeLock acquires Avast as McAfee reports solid earnings

By Duncan Riley Aug 10, 2021

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…

Duncan Riley

UK regulator rules against Facebook’s acquisition of Giphy on competition grounds

Circle announces plans to become a fully registered bank

Airbnb shares fall on warning that COVID Delta variant will hurt bookings

Lidar startup Innovusion raises $66M to boost production and expand market reach

$50M payment demanded from Accenture in ransomware attack

Self-driving car startup Pony.ai scraps listing plans amid China crackdown

Hacker behind $600M Poly Network cryptocurrency heist starts to return funds

FTC reportedly investigating Uber over Gopuff deal and Drizly acquisition

Hackers steal $600M in cryptocurrency from DeFi provider Poly Network

NortonLifeLock acquires Avast as McAfee reports solid earnings

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