Duncan Riley
Latest from Duncan Riley
Rival ride-hailing startups Uber Technologies Inc. and Lyft Inc. are both making headlines today with news that they’re each inching closer to initial public offerings in 2019. Leading the news, Uber has received proposals from Wall Street banks that value the company at …
Google to charge phone makers for preinstalling its Android apps in Europe
Google LLC will now charge phone makers in Europe to bundle its apps in response to a European Commision ruling and $5 billion fine in July over its previous practices. The EC ruling, harking back to the famous case of Microsoft Corp. bundling …
Crypto chaos as Tether USDT ‘stablecoin’ breaks its pegged dollar price
The price of the Tether USDT “stablecoin” fell below its pegged dollar price in trading Monday, causing widespread chaos in cryptocurrencies as rumors circulated as to whether it may be in trouble. Tether, founded by cryptocurrency exchange Bitfinex in 2014, is used …
Fidelity launches digital asset custody and trading service for institutional investors
Financial services firm Fidelity Investments Inc. is the latest to enter the cryptocurrency market, launching a new service today that will handle cryptocurrency custody and trade execution for institutional investors. Called Fidelity Digital Asset Services, the new service will offer institutional custody …
Twilio acquires cloud email services provider SendGrid for $2B
Cloud communications firm Twilio Inc. today announced it has agreed to acquire SendGrid Inc., a cloud email services provider, for about $2 billion. Twilio offered 0.485 shares for each share of SendGrid stock, valuing it as $36.92 per share, a 19 percent …
Report: Docker raises $92M as part of a $192M round
Software container pioneer Docker Inc. has apparently raised $92 million in new funding, according to a U.S. Securities and Exchange filing. The round, first spotted by TechCrunch, is the partial fulfillment of a round in which Docker is seeking to raise $192 million, the first …
Google opens real-time translations to outside mobile devices
Google LLC has opened up the real-time translation feature to outside devices, seemingly giving up on trying to get people to buy its high-priced Pixel Bud earphones. The feature, built into Pixel Buds (pictured) and launched alongside the Pixel 2 range last …
Cryptocurrencies plunge as market uncertainty spreads to digital assets
Cryptocurrency prices plunged into Thursday as a plunge in the stock markets Wednesday spread to digital assets. Bitcoin led the red ink, dropping by as much as 7 percent to trade at its lowest price since Aug. 10. As of 8:45 p.m. EDT, …
Apple IDs used to steal funds from Chinese payment services
China’s two largest mobile payment service providers said today that customer funds have been taken by hackers using stolen Apple Inc. account details and that the computing giant so far has failed to act on the matter. The first accusation came from Ant …
Katzenberg and Whitman tip new details about mobile streaming video service Quibi
There’s money to be made in short-form mobile streaming video, at least according to former Walt Disney Co. Chairman Jeffrey Katzenberg and former Hewlett Packard Enterprise Inc. head Meg Whitman (pictured), who today unveiled the name of their new company that aims to do …