Microsoft Corp. is rolling out a new feature in Office 365 designed to block so-called “email storms” that include “reply-all” to a large number of people on a distribution list. The Reply All Storm Protection feature is described by the Exchange Team in a blog post last week as mostly benefiting large organizations that have large distribution ...

Cisco Systems Inc. has released more than 30 security patches, including 12 that address previously undisclosed high-severity vulnerabilities. The serious vulnerabilities were found in Cisco’s Adaptive Security Appliance and Firepower 100 Series firewall applications as well as Cisco Firepower Threat Defense software used to protect corporate networks and data centers. Cisco said that it wasn’t ...

Uber Technology Inc. shares rose in after-hours trading today despite the company reporting its biggest loss in three quarters. The upside came after Chief Executive Officer Dara Khosrowshahi (pictured) told investors that riders were starting to return to the service and that its Uber Eats division continues to boom. For the quarter ended March 31, Uber reported ...

Electric scooter company LimeBike Inc. today said it has raised $170 million in new funding led by Uber Technologies Inc. The round also included Alphabet, Bain Capital Ventures, GV and other existing and new investors. The valuation on the round was not officially disclosed but was recently reported to be $510 million, down 79% from its $2.4 billion valuation ...

An issue in the code of Facebook Inc.’s software development kit caused dozens of popular iOS apps to crash Wednesday night. The SDK is used by various apps to allow users to login using their Facebook account as well as providing support for Facebook advertising. When Facebook updated its SDK for iOS Wednesday night, the ...

Fresenius SE & Co. KGaA, Europe’s largest private hospital operator, has been hit by ransomware that has limited the use of some of its systems as it treats COVID-19 patients. The company, which also holds a 40% share of market for kidney dialysis in the U.S. — COVID-19 patients sometimes suffer kidney failure and require ...

Lyft Inc. shares surged in after-hours trading today after the ride-hailing company reported higher-than-expected rider numbers despite the global COVID-19 pandemic. For the first quarter ended March 31, Lyft reported revenue rose 23%, to $955.7 million, from the first quarter of 2019. Analysts had been predicting revenue of $893 million. Net loss for the quarter ...

The Libra Association, the group set up to manage Facebook Inc.’s proposed cryptocurrency, today appointed Stuart Levey as its first chief executive officer. Levey (pictured, left), was under secretary of the Treasury for terrorism and financial intelligence during the Bush and Obama administrations and more recently chief legal officer of HSBC Holdings plc. “Stuart brings to ...

Financial technology giants Square Inc. and PayPal Holdings Inc. delivered mixed results in their quarterly earnings reports today as the global COVID-19 pandemic shifts consumer spending. Square saw its share price drop 4% in after-hours trading as investors were generally not happy with the company’s earnings report. PayPal, by comparison, rose 8.5%. For the quarter ...

Venture capital firm Runa Capital revealed today that it has raised $157 million for its Runa Capital Fund III, oversubscribed by $22 million over its initial goal of $135 million. Founders of current and previous portfolio companies, including Nginx, Brainly, Ecwid, Final and Rocketbank, invested in the fund. Founded in 2010, Runa Capital primarily invests in early-stage companies ...