Duncan Riley
Latest from Duncan Riley
Shares in Slack Technologies Inc. surged as high as 21% today after a report claimed that International Business Machines Corp. had picked the company to exclusively provide its 350,000 employees with workplace collaboration tools. The problem: IBM isn’t a new Slack customer. The …
Bitcoin breaks $10,000 as coronavirus shuts down cryptominers
Reduced supply and increased demand thanks to the Wuhan coronavirus in China spurred bitcoin to break through $10,000 over the weekend, its highest level since September. Bitcoin started to see price increases thanks to coronavirus concerns in January. Some saw the cryptocurrency …
Facebook reportedly acquires computer vision startup Scape Technologies
Facebook Inc. reportedly has acquired London computer vision startup Scape Technologies Ltd. in an apparent move to build out its augmented reality capabilities. The price of the deal was not disclosed, but TechCrunch reported early Saturday that it could have been about $40 million. Founded …
Coronavirus confusion: Will China’s Foxconn resume production this week?
Tech companies remain on edge Monday morning in mainland China amid conflicting reports about whether suppliers — most notably among them Foxconn — would resume production this week during the Wuhan coronavirus epidemic. Foxconn, the world’s largest provider of manufacturing services, manufactures …
Free copies of Oscar-nominated movies used as bait for malware and phishing
The appeal of obtaining free copies of Oscar-nominated movies is being used to distribute malware and phish user details, security researchers at the cybersecurity firm Kaspersky Lab revealed today. The researchers discovered more than 20 phishing websites and 925 files that were presented as free …
SEC Commissioner Hester Peirce proposes safe harbor period for token sales
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 …
Twitter shares surge on better-than-expected user growth and revenue
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 …
Uber shares rise as ride-hailing firm beats projections and moves up profit forecast
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 …
500,000+ computers compromised by malware hosted on Bitbucket
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 …
Yahoo hack victims in the US and Israel can now file for monetary compensation
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, …