Despite being hammered by the COVID-19 pandemic, Airbnb Inc. is planning to file paperwork for an initial public offering later this month, according to a report today in The Wall Street Journal. Airbnb has been one of the heaviest hit startups throughout the pandemic as global travel and tourism has come to a near halt as countries ...

Artificial intelligence drug discovery startup Atomwise Inc. announced today it has raised $123 million in new funding to scale up its AI technology platform. The Series B round was led by B Capital Group and Sanabil Investments and included DCVC, BV, Tencent, Y Combinator, Dolby Ventures, AME Cloud Ventures and two unnamed top 10 global insurance ...

The ongoing joke around smart home devices is that they are spying devices that people opt to put in their homes and offices. Various companies have always denied this, saying that the devices are only triggered using “wake words.” As it turns out, that’s not always true. Google LLC has admitted that its Google Home ...

A judge in California ruled today that Uber Technologies Inc. and Lyft Inc. must classify their California-based drivers as employees to comply with state law. California Assembly Bill 5, signed into law Sept. 18 and in effect since January, forces companies to classify gig-economy and freelance contractors as employees if they work more than a certain ...

Facebook Inc. today said it has formed a new product group to oversee its payments and related financial efforts. It’s called F2 internally, short for Facebook Financial. The group, led by David Marcus (pictured), who also leads Facebook’s cryptocurrency efforts, will oversee all payments projects at the social networking giant, including Facebook Pay, according to Bloomberg. Marcus will ...

Reddit Inc. is the latest company to be hacked, with some 70 groups on the site defaced with pro-Donald Trump messages. The hack occurred on Friday and involved those behind the attack accessing accounts belonging to moderators of popular subreddits with millions of subscribers, including r/space, r/food, r/Japan, r/nfl, r/cfb and r/podcasts. The messages posted by ...

Twitter Inc. is reportedly the latest company interested in acquiring Chinese-owned social video app TikTok, just as app owner ByteDance Ltd. claims it will sue the Trump administration this week over a ban. The saga of TikTok, highly popular among young online users, is colorful to say the least. With its roots in China, where it’s ...

Capital One Financial Corp. today agreed to pay an $80 million fine and enter into a consent order to boost its cybersecurity in a settlement that follows the theft of more than 100 million customer records disclosed in July 2019. The settlement with the Federal Reserve Board and the Office of the Comptroller of the Currency ...

Shares in Uber Technologies Inc. dipped in after-hours trading today after the company delivered mixed second-quarter earnings results as the COVID-19 pandemic continues to hurt its business. For the quarter ended June 30, Uber reported overall gross bookings of $10.2 billion, down 35% year-over-year, while revenue slumped 27%, to $3.166 billion. Adjusted net revenue came ...

Intel Corp. is investigating a data breach that has seen some 20 gigabytes of internal company data released online with a promise of more to come. The data was released by Till Kottman, a Swiss engineer going by the name of @deletescape on Twitter, and is said to have been provided by a hacker. The ...