Duncan Riley
Latest from Duncan Riley
Business website provider Squarespace files paperwork for an initial public offering
Business website provider Squarespace Inc. today announced that it has submitted a draft registration statement with the U.S. Securities and Exchange Commission for an initial public offering later this year. According to Reuters, Squarespace did not indicate its preferred choice of going public, meaning that it could pursue a traditional IPO or a direct listing. ...
Tesla shares drop on weaker-than-expected earnings
Shares in electric car maker Tesla Inc. dropped in after-hours trading today after the company missed its fourth-quarter earnings estimate. For the quarter ended Dec. 31, Tesla reported a profit of $270 million or 24 cents per share, up from $105 million or 11 cents a share, compared to the same quarter in 2019. Revenue ...
Samsung books solid fourth-quarter earnings amid smartphone sales drop
Samsung Electronics Co. Ltd. reported solid earnings in its fiscal fourth quarter, but the South Korean chaebol’s smartphone division struggled against Apple Inc.’s launch of the iPhone 12. For the quarter ended Dec. 31, Samsung posted KWN 61.55 trillion ($55.27 billion) in revenue and an operating profit of KWN 9.05 trillion ($8.12 billion), the latter ...
Subreddit users cause stocks in GameStop and AMC to skyrocket
The answer to the question, “Can social media influence stock prices?” has been definitely answered. R/wallstreetbets is a subreddit, a forum on the online discussion site Reddit where amateur traders share stock and investment tips. In their own words, they are “like 4chan found a Bloomberg terminal illness.” The premise may be amusing, but the ...
VIP Games exposes user data through unsecured Elasticsearch server
Casual gaming provider VIP Games has suffered a data breach, exposing millions of records relating to users of the service. VIP Games, owned by a game development studio called Casualino JSC, has 20,000 active daily players and includes popular games such as Hearts, Crazy Eights, Euchre, Rummy, Dominoes, Backgammon, Ludo and Yatzy. The Android app for ...
Google warns North Korean hackers are targeting security researchers
Google LLC’s Threat Analysis Group issued a warning Monday that a North Korean advanced persistent threat group has been targeting security researchers working on vulnerability research and development at various companies and organizations. The campaign involves the threat actors establishing a research blog and multiple Twitter accounts in an effort to build credibility and connect with ...
Apple’s iOS 14.4 update addresses security flaws possibly exploited by hackers
Apple Inc. today released updates to its iOS and iPadOS mobile operating systems to address three security flaws that may be actively exploited by hackers in the wild. iOS 14.4 and iPadOS 14.4 fix two vulnerabilities in Apple’s WebKit engine, the open-source web browser engine that is used by Safari, Mail, the App Store and ...
Cloud scheduling startup Calendly raises $350M on $3B valaution
Cloud scheduling startup Calendly LLC today announced it has raised $350 million in new funding to provide liquidity for early shareholders and employees and continue product development. The round was led by OpenView Venture Partners and included Iconiq Capital. The round was raised on a valuation of more than $3 billion, according to the Atlanta Business Journal. ...
Deloitte & Touche acquires Root9B to bolster its cybersecurity services
Deloitte & Touche LLP, a division of Deloitte Touche Tohmatsu Ltd., announced today that it has acquired cybersecurity company Root9B LLC for an undisclosed price. Founded in 2011, Root9B offers a range of cybersecurity products, services and training with what it describes as a “revolutionary human-led, technology-accelerated approach.” The company’s main offering, called “Orkos,” provides ...
Chinese autonomous driving startup Uisee raises $154M
Chinese autonomous driving startup Uisee Technology (Beijing) Co. Ltd. said today it has raised RMB 1 billion ($154 million) to strengthen its research and development into key technologies to realize “full-stack, fully unmanned, all-weather” driving solutions. The round was led by the Chinese government-backed Guokai National Manufacturing Transformation and Upgrade Fund. Founded in 2016, Uisee ...









