Uber Technologies Inc. is reported to be in talks to invest $170 million into electric scooter company LimeBike Inc. with an acquisition option, according to a report in The Information. The investment would value Lime at $510 million, down 79% from its $2.4 billion valuation as of the company’s last venture capital round of $310 million in ...

Free stock-trading app maker Robinhood Market Inc. said today it has raised $280 million in a new late-stage funding on an $8.3 billion valuation to allow it to invest in scaling up its platform. The Series F round was led by Sequoia Capital and included NEA, Ribbit Capital, 9Yards Capital and Unusual Ventures. Reports of the round surfaced ...

Decentralized applications startup Near Inc. today announced a $21 million token raise alongside the launch of its Protocol MainNet. The token funding was led by Andreessen Horowitz’s a16z fund. It’s the fund’s first investment after the firm announced April 30 that it had raised $515 million for its second blockchain and cryptocurrency fund. Other investors included Pantera Capital, ...

The price of bitcoin has continued to rise over the last week and some analysts are now suggesting that the cryptocurrency is entering a strong bull run. Bitcoin was trading at $8,730,11 as of 9:30 p.m. EDT, down over the last 24 hours as some investors took profits but still well up on prices below ...

Indonesia e-commerce giant PT Tokopedia has been hacked with the stolen data being offered for sale on the dark web. Discovered and publicized over the weekend by data breach monitoring firm Under the Breach, the hack is believed to have taken place in March. Some 91 million customer records are being offered for sale with the data stolen including full name, username, ...

Uber Technologies Inc. is set to require drivers and riders to wear a facemask and is designing technology to detect that drivers are doing so. The new policy will be rolled out in the U.S. and certain other countries, according to a report today byCNN Business. The move comes as Uber restarts its ride-hailing business in territories ...

A new form of Android mobile malware has been spotted in the wild that steals user data from financial applications. Dubbed “EventBot” by security researchers at Cybereason Inc. who wrote about it today, the new malware first emerged in March and is described as a mobile banking Trojan and infostealer. The malware abuses Android’s accessibility to ...

COVID-19 has hit smartphone sales hard, causing the largest-ever recorded drop in shipments in the first quarter of 2020. According to a report released by International Data Corp., smartphone shipments dropped 11.7% in the first quarter from the same quarter of 2019. Nearly 276 million smartphones were sold in the quarter. Samsung Electronics Co. Ltd. continues to ...

Silicon Valley venture capital firm Andreessen Horowitz said today it has raised $515 million for a second fund to invest in blockchain and cryptocurrency. The venture capital firm, founded by Marc Andreessen (pictured) and Ben Horowitz in 2009, has been a prolific and highly successful VC firm since it was established in 2009. Andreessen Horowitz’s investments include ...

Education technology company Chegg Inc. has been hacked for the third time since 2018 with employee data stolen. The latest hack involved the theft of some 700 employee records and included names and Social Security numbers, according to a report in TechCrunch. How the hack took place was not shared, but Chegg said it had hired a forensic ...