Bitcoin mining equipment maker Canaan Creative went public on the Nasdaq Exchange Wednesday, but its stock fell flat on debut. Coming into the initial public offering, first announced in October, Canaan offered 10 million American depository shares at $9 per share for a total of $90 million. The company had previously been reported to be seeking as ...

Google LLC has thrown more money into the kitty for its Android Security Rewards program, offering payments of up to $1.5 million for anyone who can compromise its Titan M secure element on its Pixel devices. The program, first launched in 2015, operates as a bug bounty program in which “white hat” hackers — who ...

Troubled workplace provider WeWork is laying off 2,400 staff as part of a companywide restructuring after it was taken over by SoftBank Group Corp. in an $8 billion deal in October. The cuts, amounting to 19% of WeWork’s 12,500 employees, were confirmed by the company, which told CNBC that the process began weeks ago in regions ...

So-called “zero-trust” security platform provider Banyan Security said today it has raised $17 million in new funding to allow it to accelerate product development. The Series A round was led by Shasta Ventures and included Unusual Ventures. Nitin Chopra, a partner at Shasta Ventures, is joining Banyan’s board of directors. Founded in 2015, Banyan, formally known as ...

Cloud software-as-a-service application management startup Gravitational Inc. said today it has raised $25 million in new funding to fuel further product development and scale up business operations. Founded in 2015, Gravitational is a cloud-based company that enables businesses to deliver their applications securely into any online environment. Cloud-agnostic would be one way to describe the company given ...

PayPal Inc. today said it has acquired Honey Science Corp., a web browser extension and coupon site, for $4 billion in a mostly cash deal. Founded in 2012, Honey pitches itself as a site that helps people make smarter choices when they shop online. The company primarily offers a browser extension that helps shoppers by ...

A final report by the National Transportation Safety Board into the fatal crash involving an Uber Technologies Inc. self-driving vehicle in Tempe, Arizona, in March 2018 has found that the safety driver was primarily at fault but also criticized other aspects of the company’s self-driving car testing program. Interim findings leaked earlier this month found that ...

Macy’s Inc. is the latest company to be hacked in an apparent “Magecart” attack resulting in customer credit card details stolen from its website. The hack was first detected on Oct. 15, though it’s believed to have taken place Oct. 7 when “unauthorized” code injected in the checkout pages and wallet page of Macys.com. Data ...

Business email compromise cybersecurity startup Abnormal Security Corp. launched its services today with a Series A funding round of $24 million led by Greylock Partners. Founded in 2018 by Evan Reiser and Sanjay Jeyakumar, both previously employees of Twitter Inc., Abnormal Security has built a data science and behavioral analysis platform designed to protect organizations from sophisticated, targeted ...

Microsoft Corp. today announced that its Teams online collaboration service has now passed 20 million daily active users, causing stock in rival Slack Inc. to plunge Tuesday. An increase of just over 50% on the 13 million users Teams had in July, the figure is notable not only because the service continues to grow rapidly ...