Duncan Riley
Latest from Duncan Riley
Huawei Electronics Co. Ltd. has taken legal action in France against critics who claim it has ties to the Chinese government in what could be an interesting test case with global ramifications. The world’s second-largest smartphone maker and leading 5G technology provider …
HP rejects Xerox $33.5B takeover offer again
HP Inc. has once again pushed back against efforts by Xerox Corp. to acquire it, as its board sent a letter Sunday bluntly telling Xerox it’s not interested. The letter, addressed to John Visentin, vice chairman and chief executive officer of Xerox, a company …
Account records for up to 1.2B people exposed in massive data leak
In possibly the second-largest data exposure of all time, account records for 1.2 billion people were found unprotected online. Wired reported today that the data on an open Elasticsearch server included various databases with a trove of data. Some of the data included IP addresses as …
FBI warns automakers they’re being targeted by hackers
The U.S. Federal Bureau of Investigation has sent a notice to automotive manufacturers warning them that they’re being targeted by hackers. First reported Wednesday by CNN, the notice warned that hackers were known to be attempting to compromise auto industry computer systems using sophisticated …
Bitcoin mining equipment maker Canaan falls flat in Nasdaq stock debut
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 …
Google offers bounty of up to $1.5M for its Android Security Rewards program
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, …
WeWork to lay off 2,400 staff under SoftBank-led restructuring
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 …
Zero-trust security platform provider Banyan Security raises $17M
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, …
SaaS cloud application management startup Gravitational raises $25M
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 …
PayPal buys coupon web browser extension company Honey for $4B
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 …