A Special Committee of We Co., the parent company of troubled workplace provider WeWork, today filed a lawsuit against SoftBank Group Corp. after SoftBank terminated its offer to buy $3 billion in WeWork shares April 2. The lawsuit alleges that SoftBank breached its obligations under the agreement to acquire WeWork shares in October. WeWork specifically claims that ...

Twitter Inc. and Square Inc. Chief Executive Officer Jack Dorsey has donated $1 billion in equity from his Square shares to fund COVID-19 relief around the world. Dorsey (pictured) said on Twitter today that the donation will fund coronavirus relief and that when the pandemic is over, remaining funds would be allocated to girls’ health education and universal ...

Enterprise content firewall provider Accellion Inc. said today it has raised $120 million in new round led by Bregal Sagemount. Founded in 1999, Accellion offers an enterprise content firewall that is designed to prevent data breaches and compliance violations. The company’s firewall is designed to protect intellectual property, personally identifiable information, protected health information and other ...

Samsung Electronics Co. Ltd. said Tuesday that it expects to report a first-quarter operating profit of 6.4 trillion won ($5.23 billion) on operating revenue of 6.3 trillion won ($45 billion) despite the COVID-19 pandemic. The profit is up 2.7% over the first quarter of 2019 and ahead of analysts’ predictions of 6.2 trillion won ($5.05 billion), according to CNBC. ...

The U.S. Federal Bureau of Investigation today issued a warning that cybercriminals are taking advantage of the COVID-19 pandemic to expand their business email compromise attacks. The bureau noted that a typical BEC scam involves victims receiving emails they believe are from a company they normally conduct business with, but this email requests funds be sent to a new ...

Digital workplace solutions provider WorkJam Inc. has raised $50 million in new funding to fund product innovation and geographic expansion, make acquisitions and hire more people. The Series C round, announced today, was led by Inovia Capital and included Fonds de Solidarité FTQ and Claridge. WorkJam’s existing investors Lerer Hippeau, Blumberg Capital and Harmony Partners also ...

Airbnb Inc. today said it has raised $1 billion in new funding in a combination of debt and equity to help the accommodation booking provider weather the COVID-19 storm. The funding came from Silver Lake and Sixth Street Partners and will be formally used to support Airbnb’s investment over the long term in its community ...

The U.K. government is calling on social media and video sites, including Facebook Inc., Twitter Inc. and YouTube, to crack down on 5G conspiracy theories after cell towers were set on fire by people believing that they were causing the global coronavirus pandemic. Just how many cellphone towers have been attacked in the U.K. is ...

Apple Inc. is stepping up to the plate in supporting coronavirus medical relief by designing and producing face shields for those working in the medical field. Chief Executive Officer Tim Cook took to Twitter to share the news, noting that along with sourcing over 20 million face masks through Apple’s supply chain, the company’s design, engineering, ...

The coronavirus pandemic of 2020 has seen an unprecedented switch to remote working and online working and video apps have seen a massive boom — most of all for Zoom Video Communications Inc., which has surged to the top of app charts. But over the weekend, even more concerns with security and privacy surfaced for ...