Connected fitness technology firm Peloton Interactive Inc. today set a price of $26 to $29 per share ahead of its initial public offering, valuing the company as much as $8 billion and raising a planned $1.2 billion. Founded in 2012, Peloton offers connected in-home exercise gym bikes and treadmills that come with screens. They can be used ...

Uber Technologies Inc. said today it has laid off 435 employees as the money-losing ride-hailing giant attempts to rein in costs following a staggering $5.2 billion loss in the second quarter. The cuts consisted of 170 people from Uber’s product team and 265 people from its engineering team, according to TechCrunch. The layoffs are said to have ...

Open-source security platform provider Snyk Ltd. said today it has raised $70 million in new funding to fuel the company’s next phase of global growth. The Series B follow-on round was led by Accel and include existing investors GV (previously Google Ventures) and Boldstart Ventures. Founded in 2015, Snyk pitches itself as a developer-first security company ...

A Chinese professor is facing wire fraud charges after allegedly stealing trade secrets for Huawei Technologies Co. Ltd., but the troubled Chinese smartphone maker is finding support from a surprising source: Microsoft Corp. The latest drama surrounding Huawei involves the arrest of Bo Mao last month, though the indictment is only now being released. According to a New York ...

The Lone Star State is now the No Ransom Payments state as all 22 Texas local governments targeted by ransomware in August refused to pay the money demanded. The decision to oppose paying ransoms in the attacks came from the top. The Texas Department of Information Resources, which was tasked with coordinating the response, also led the ...

German flying taxi startup Volocopter GmbH said today it has raised €50 million ($55.1 million) in new funding to assist it to bring its aircraft to commercial launch in the next three years. The Series C round was led by Chinese automaker Zhejiang Geely Holding Group Co. Ltd. and included Daimler AG. Geely is best known ...

Microsoft Corp.’s LinkedIn lost an appeal Monday against a company that scrapes its member data in a case that could have implications for privacy laws and fair use across the internet. The case related to an analytics and data science machine learning company called hiQ Labs Inc. that scrapes data from public profiles of LinkedIn users ...

Users of the popular Exim email server software are being urged to update their installations following the discovery a vulnerability that can allow hackers to install malicious code with root privileges. The vulnerability is found in all versions of Exim up to and including 4.92.1 with 4.92.2 released Friday night to address the vulnerability. The vulnerability, ...

Wikipedia was offline across several countries in Europe and the Middle East Friday after the popular online encyclopedia was targeted in a distributed denial-of-service attack. The Wikimedia Foundation Inc., the nonprofit organization that runs Wikipedia did not go into a lot of details about the attack but implied that it may have been a politically ...

Bug bounty startup HackerOne Inc. has raised $36.4 million in new funding to expand globally and scale up enterprise and data-powered offerings. The Series D round was led by Valor Equity Partners and included previous investors Benchmark, New Enterprise Associates, Dragoneer Investment Group and EQT Ventures. As part of the funding round, David Obrand, partner at Valor Equity Partners, is joining ...