Duncan Riley
Latest from Duncan Riley
Uber stock hammered after ride-hailing giant reports record $5.2B loss
Updated: Uber Technologies Inc. shares were hammered in after-hours trading Thursday after the ride-hailing giant reported a loss of $5.2 billion for the quarter ending June 30, the largest loss the company has ever reported. For the second quarter ended June 30, Uber underperformed analysts’ expectations on most fronts. Revenue came in at $3.17 billion versus a ...
Bahrain targeted by Iranian hackers as tensions rise in the Persian Gulf
Suspected Iranian state-sponsored hackers have infiltrated critical infrastructure in Bahrain as tensions continue to rise in the Persian Gulf. The Wall Street Journal, citing people familiar with the hacking, reported Wednesday that the hacks were above the normal level of Iranian activity in the region. Hackers from the country have been linked to multiple attacks in ...
Lyft beats earnings forecasts as both revenue and losses rose
Lyft Inc. beat Wall Street earnings predictions for the second quarter, but increasing losses at the ride-hailing firm also left investors less than enthusiastic about the company’s prospects. In the second quarter, Lyft reported revenue of $867.3 million, up 72% from $504.9 million in the same quarter of last year. Lyft had previously predicted total ...
Shades of Cambridge Analytica: Instagram terminates partner collecting user data
Instagram today terminated a relationship with an advertising partner after it was discovered to be collecting data from user accounts, the latest in a long line of privacy failures involving parent company Facebook Inc. The company in question, San Francisco-based Hyp3r Inc., is alleged to have created tools that allowed it to collect public Instagram ...
Samsung launches new Galaxy Note 10 with added Windows support
Samsung Electronics Co. Ltd. has launched its latest Galaxy Note 10 phones Wednesday with one big surprise: improved integration with Microsoft Corp.’s Windows operating system. The new Galaxy Note comes in two models, the Note 10 and Note 10 Plus. Both phones offer a Snapdragon 855 processor, Android Pie with Samsung’s One UI and a ...
Linux attack protection startup Capsule8 raises $6.5M from Intel Capital
Linux attack protection startup Capsule8 Inc. today said it has raised $6.5 million in new funding from Intel Capital to drive a range of sales, marketing, product development and customer-facing initiatives. Founded in 2016, Capsule8 offers an attack detection platform built for Linux production environments whether they use software containers, virtualized computers or bare-metal servers with ...
Security vulnerabilities found in LeapPad tablets designed for young children
Security researchers from Checkmarx Ltd. revealed today they’ve uncovered disturbing vulnerabilities in tablets sold by education entertainment firm LeapFrog Enterprise Inc. that expose private data from its users: young children. The vulnerabilities were found in the LeapPad Ultimate, a tablet pitched as being “kid-tough and kid-safe right out of the box.” It comes with content including “core ...
Security audit reveals 34 vulnerabilities in Kubernetes code
An audit released today by the Cloud Native Computing Foundation has uncovered no fewer than 34 vulnerabilities in the code for Kubernetes, the highly popular open-source container orchestration system. Of the vulnerabilities discovered, four were ranked as high-severity, 15 medium-severity, eight low-severity and seven of “informational” severity, which means no immediate danger, according to The Register. Containers are software ...
Cryptocurrency lending firm BlockFi raises $18.3M from Peter Thiel’s Valar Ventures
Cryptocurrency lending firm BlockFi Lending LLC has raised $18.3 million to add new products to its existing platform of interest-earning accounts for bitcoin and crypto-backed U.S. dollar loans. Founded in 2017, BlockFi operates as a nonbank lender that offers crypto-backed loans that allow investors to borrow against their cryptocurrency holdings as equity. The money the ...
As China-US trade tensions intensify, bitcoin keeps rising
Bitcoin’s return to form continued on Monday thanks to trade tensions between China and the U.S. along with the possibility of the Middle Kingdom easing its stance against cryptocurrencies. After breaking through $11,000 on Sunday, bitcoin teased $12,000 before dropping to about $11,630 at midnight EDT, up 1% over the last 24 hours. China was ...