A newly discovered vulnerability in Microsoft Azure Functions can allow an attacker to escalate privileges and escape the Azure Functions Docker container to the Docker host. Azure Functions, Microsoft Corp.’s equivalent to Amazon Web Services Inc.’s Lambda service, is a serverless computing service launched in 2016. It allows users to establish automated action triggers in response ...

United States Cellular Corp., the country’s fourth-largest wireless carrier, has been hacked with customer information stolen. The hack came to light through a Jan. 21 disclosure to the Office of the Vermont Attorney General that said a “data security incident” was detected Jan. 6. A letter to customers states that a “few employees in retail stores ...

Cryptocurrency exchange Coinbase Global Inc. today announced that it plans to go public via a direct listing some six weeks after disclosing that it has filed its initial public offering paperwork with the U.S. Securities and Exchange Commission. Direct listings have the advantage of allowing companies to go public by simply listing existing shares for sale ...

Facebook Inc. is preparing to file an antitrust lawsuit against Apple Inc. for alleged anticompetitive behavior, according to a report today by The Information. The report, which cites anonymous sources, said the antitrust lawsuit, should it go ahead, will allege that Apple is forcing developers to follow App Store rules that Apple’s own apps do not have ...

Cloud backup startup OwnBackup Ltd., a firm centered on Salesforce.com Inc.’s platform, today said it has raised $167.5 million in new funding to support ongoing investments in global expansion and extend its platform to help companies secure their software as a service data. The Series D round was co-led by Insight Partners, Salesforce Ventures and Sapphire Ventures, ...

Robinhood Market Inc. is under fire after it blocked trading on Gamestop Corp. and other stocks being traded by Reddit users, in an effort to ease a strain on its own finances, but it wasn’t the only retail brokerage to do so. The online trading app said Thursday that it had to raise more than ...

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. ...

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 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 ...

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 ...