A U.S. Securities and Exchange Commission member today formally proposed a safe harbor period for cryptocurrency token sales to allow companies to raise money using tokens without running afoul of securities laws. Under the proposal by Hester Peirce (pictured, left), crypto startups would have a three-year grace period from their first token sale to achieve ...

Twitter Inc. share surged in regular trading early today after the microblogging service provider beat analysts’ estimates on revenue and user growth in its fourth quarter. For the quarter ended Dec. 31, Twitter reported revenue of $1.01 billion, up 11% year-over-year and ahead of analysts’ predictions of $996.7 million. It’s the first time Twitter has ...

Updated: Uber Technologies Inc. shares rose more than 6% in after-hours trading Thursday after the ride-hailing company beat analysts’ predictions in its fourth-quarter earnings while also bringing forward its profitability forecast. For the quarter ended Dec. 31, Uber booked revenue of $4.07 billion, up 37% from the same quarter of 2018 and a touch higher ...

Bitbucket, the Atlassian Corp. Plc-owned git code hosting service, has been abused to compromise 500,000 computers globally, according to cybersecurity firm Cybereason Inc. The hacking campaign involves using malware hosted on Bitbucket to deliver what the Cybereason describes as “an arsenal of malware that is able to steal data, mine for cryptocurrency and deliver ransomware to victims ...

Former Yahoo users who live in the U.S. and Israel are able to obtain compensation for the numerous hacks the company experienced between 2012 and 2016 as part of a court settlement. Putting an exact figure on the amount that can be claimed, however, is not simple. In theory, victims can claim up to $358.80 in compensation, ...

Nearly two years after an Uber Technologies Inc. vehicle struck and killed a pedestrian in Arizona, the riding-hailing giant has once again obtained a permit to test autonomous vehicles in California. The 2018 accident, which was first blamed on the pedestrian, revealed that Uber’s technology, at least at the time, was deficient and hadn’t been ...

Serious supply chain issues could be ahead for major technology companies. Hon Hai Precision Industry Co. Ltd., better known as Foxconn, today was forced to halt almost all production in its mainland Chinese factories until Feb. 10, a ban that, if extended, will disrupt supplies for dozens of companies. Foxconn is the world’s largest provider of manufacturing services, ...

Shares in Snap Inc. plunged in after-hours trading today after the company missed analysts’ predictions on revenue in its quarterly earnings report. For the quarter ended Dec. 31, Snap reported revenue of $561 million versus the $563 million expected by analysts. The lower-than-expected figure was also reflected in average revenue per user, which came in ...

Instagram continues to go from strength to strength for parent company Facebook Inc. as a report today said the photo-sharing app brought in $20 billion in advertising revenue in 2019 — more than a quarter of Facebook’s overall revenue for the year. The claim comes via people familiar with the matter reported by Bloomberg, which ...

The Democratic Party primary in Iowa is making headlines for all the wrong reasons after an app designed to tally delegates failed, delaying results for the first primary of the 2020 Presidential primary season by nearly 24 hours. The app in question, called “Iowa Reporting App,” was designed by a company called Shadow Inc., a firm ...