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 ...

Artificial intelligence robotics startup Covariant revealed today that it has raised $40 million in new funding to allow it to accelerate its partnerships, introduce AI robotics to new industries and hire more people. The Series B round was led by Index Ventures and Radical Ventures and included participation from Amplify Partners. Mike Volpi, a partner ...

GoDaddy Inc. has suffered a data breach affecting the web hosting accounts of 28,000 customers. The data breach involved an unknown person accessing accounts using Secure Shell or SSH cryptographic network protocol in October. It was only discovered late last month when GoDaddy noticed suspicious activity on several servers. Affected customers have had their hosting account ...

Distributed machine learning startup Boosted.ai announced today it has raised $8 million in new funding to develop out its platform. The Series A round was led by Portag3 Ventures with participation by Dunamu & Partners and Polar Equity Partners. Adam Felesky from Portag3 Ventures has joined Boosted.ai’s board. Founded in 2017, Boosted.ai offers Boosted Insights, a machine learning ...

Airbnb Inc. said today it’s laying off about 1,900 staff members, some 25% of its workforce, as the accommodation booking provider struggles to deal with a huge loss of business from the COVID-19 pandemic. The job cuts were announced in a letter to employees written by co-founder and Chief Executive Officer Brian Chesky, who explained ...