Duncan Riley
Latest from Duncan Riley
International Business Machines Corp. today denied a report that claims it has greatly scaled back its blockchain unit and laid off the majority of the unit’s staff. The report, from Ian Allison at Coindesk referencing “four people similar with the situation,” said …
Robinhood raises additional $2.4B amid ongoing frenzy around GameStop
Robinhood Market Inc. today said it has raised an additional $2.4 billion on top of the $1 billion it raised last week to give it enough capital to survive the frenzy in retail trading that started with the mass buying of GameStop Corp. …
Google to shut down Stadia game development studio
Google LLC today announced it’s shutting down its Stadia game development studio in a possible sign that all is not well with its cloud gaming service. Stadia, announced in March 2019, allows users to stream games through Google’s data centers, negating the …
Vulnerability in Azure Functions allows an attacker to escape to the Docker host
A newly discovered vulnerability in Microsoft Azure Functions can allow an attacker to escalate privileges and escape the Azure Functions Docker container to the Docker host. Azure Functions, Microsoft Corp.’s equivalent to Amazon Web Services Inc.’s Lambda service, is a serverless computing …
Customer data stolen in hack targeting UScellular
United States Cellular Corp., the country’s fourth-largest wireless carrier, has been hacked with customer information stolen. The hack came to light through a Jan. 21 disclosure to the Office of the Vermont Attorney General that said a “data security incident” was detected Jan. …
Coinbase announces it plans to go public via a direct listing
Cryptocurrency exchange Coinbase Global Inc. today announced that it plans to go public via a direct listing some six weeks after disclosing that it has filed its initial public offering paperwork with the U.S. Securities and Exchange Commission. Direct listings have the advantage …
Salesforce cloud backup startup OwnBackup raises $167.5M on $1.4B valuation
Cloud backup startup OwnBackup Ltd., a firm centered on Salesforce.com Inc.’s platform, today said it has raised $167.5 million in new funding to support ongoing investments in global expansion and extend its platform to help companies secure their software as a service data. …
Under fire for suspending trading on some stocks amid buying frenzy, Robinhood raises $1B+
Robinhood Market Inc. is under fire after it blocked trading on Gamestop Corp. and other stocks being traded by Reddit users, in an effort to ease a strain on its own finances, but it wasn’t the only retail brokerage to do so. …
Business website provider Squarespace files paperwork for an initial public offering
Business website provider Squarespace Inc. today announced that it has submitted a draft registration statement with the U.S. Securities and Exchange Commission for an initial public offering later this year. According to Reuters, Squarespace did not indicate its preferred choice of going …