Facebook Inc. Chief Executive Officer Mark Zuckerberg testified before the House Services Committee Wednesday, but though his remarks were released in advance Tuesday, the question-and-answer session delivered some surprises. The committee hearing, titled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors,” was meant to be on Facebook’s proposed Libra cryptocurrency alone. But ...

E-scooter company Scott Rides Inc., acquired by Bird Rides Inc. in June, today entered the custom electric moped market with its new Scoot Moped. Pitched as an alternative to ride-hailing services, the mopeds will initially launch in Los Angeles as part of a pilot program. Scoot plans to roll out the scooters to other territories the company ...

Financial industry software startup PeerNova Inc. today said it has raised $31 million in new funding to build additional services on its blockchain platform. The funding round was led by Mosaik Partners and included Overstock.com Inc.’s Medici Ventures and Intuitive Venture Partners. All three were existing investors, with Overstock.com having invested directly into the company in ...

Facebook Inc. Chief Executive Officer Mark Zuckerberg will tell the House Services Committee Wednesday that the social networking giant is extending American financial leadership and democratic values across the world. The company released Zuckerberg’s set remarks ahead of his scheduled testimony for the hearing titled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” Facebook’s ...

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 ...