Duncan Riley
Latest from Duncan Riley
The U.S. Department of Commerce’s Bureau of Industry and Security today added seven Chinese supercomputing entities to its Entity List for conducting activities that are contrary to national security and foreign policy interests. The entities added to the list, which prevents them …
Facebook, Instagram, Messenger and WhatsApp suffer brief downtime
Facebook Inc. and its services including Messenger, WhatsApp and Instagram suffered a brief downtime around 5:30 p.m. EDT today. According to the downtime site Down Detector, the first reports of Instagram being down started at 5:13 p.m. EDT with a peak at …
Google outlines new compliance and security certifications for Google Cloud
Google LLC today outlined a range of new compliance and security certifications for Google Cloud as part of a commitment to act as a “security transformation partner and to be the most trusted cloud.” The new certifications include the addition of Cloud …
Global venture capital deals pass $100B in the first quarter
Global venture capital investments hit $125 billion in the first quarter, the first time the figure has surpassed $100 billion in a quarter, according to new data published today by Crunchbase. The $125 billion invested in the quarter was up 50% over the …
Twitter reportedly held talks to acquire audio-based social app Clubhouse for $4B
Twitter Inc. held acquisition talks with audio-based social app Clubhouse in a deal that would have valued the company at $4 billion, Bloomberg reported today. The talks are described as having taken place in recent months but are no longer ongoing. Why the …
Australian graphic design tool startup Canva raises $71M on $15B valuation
Australian graphic design tool startup Canva Pty. Ltd. said today it has raised $71 million in new funding on a $15 billion valuation, making it the largest startup to come from the country since Atlassian Corp. plc. The round was led by T. Rowe Price and …
Coinbase reports profit of up to $800M ahead of its direct listing
Ahead of its scheduled public offering April 14, Coinbase Global Inc. today released its quarterly financial data — and the numbers are impressive. For the quarter ended Dec. 31, Coinbase reported a stunning trading volume of $335 billion. Moreover, the company said that …
LinkedIn users targeted by hacking group with fake job offers
A threat group called “Golden Chickens” is targeting professionals on LinkedIn with fake job offers with the intent to infect respondents with malware. As detailed today by cybersecurity firm eSentire Inc., the campaign is “spear-phishing” victims with a sophisticated backdoor Trojan virus that, …
SoftBank pays $2.8B to acquire 40% stake in warehouse automation firm AutoStore
SoftBank Group Corp. said today it has invested $2.8 billion to acquire a 40% stake in Norwegian warehouse automation company AutoStore AS. SoftBank, Japan’s largest telecommunications companies and one of the world’s largest venture capital firms, acquired shares in the company from …
Delivery service startup Enjoy to go public via SPAC in a $1.6B deal
Delivery service startup Enjoy Technology Inc. is the latest company planning to go public via a merger with a special-purpose acquisition company in a $1.6 billion deal. Enjoy, the brainchild of former Apple Inc. executive and Apple Store founder Ron Johnson, is …