How much of Uber Technologies, Inc.’s war chest is the ridesharing unicorn currently burning through in its efforts to dominate the ridesharing market globally? $1.27+ billion in the first six months of 2016, according to multiple reports Thursday. According to Bloomberg, Uber lost $520 million before interest, taxes, depreciation and amortization in the first quarter of ...

Apple wants a slice of the social sharing market and is building a new app that would work in a similar fashion to Snapchat, according to a report published Thursday. Bloomberg claims the new app will offer video sharing and editing on iOS devices, and are part of a new focus by the company to integrate ...

Apple has issued an urgent update to its iOS mobile operating system following the revelation that three security flaws in the system could allow potential hackers to take control of an Apple device using a zero-day exploit. The revelation that iPhone users aren’t as safe as thought came via researchers from Citizen Lab (Munk School ...

In a win for the good guys, a group backed by police and security companies have developed a free decryption tool for victims of the Wildfire variant of ransomware. The tool comes from the No More Ransom initiative, a collaborative project between Europol, the Dutch National Police, Intel Security, and Kaspersky Lab that provides keys ...

A new firm with links to the hero behind Gawker Media’s demise, Peter Thiel, wants to (without irony) make it easier for people and firms to sue others by providing a litigation financing service that uses big data to make decisions. Litigation financing is where a third party provides capital to a plaintiff involved in ...

Google is preparing to turn its video streaming site YouTube into a social network of sorts, to counter growing opposition from video on Facebook and other services, according to a report published Wednesday. VentureBeat claims that YouTube is developing a service currently going by the name of Backstage that will allow YouTube users to share ...

Customers of bitcoin exchange Bitfinex (BTXNA, Inc.) are being offered equity in the company in compensation for the losses imposed on them, following the hacking of the exchange in early August. Under the deal, customers who were issued BFX tokens following the decision by the company to socialize the losses caused by the hack will ...

Your news feed on Facebook may soon become a more noisy experience, with the social network giant now testing auto-playing videos with the sound turned on. First spotted by Mashable, the trial of auto-audio is currently underway in Australia with one version of the test seeing sound playing immediately as the video begins (note the videos ...

Advertising technology platform The Trade Desk Inc. has filed to go public on the Nasdaq under the ticker symbol “TTD.” Serving as underwriters for the initial public offering (IPO) are Citigroup, Jefferies, and RBC who will be assisting the company in raising $86.3 million. Founded in 2009, The Trade Desk offers a self-service platform that ...

Controversial cheating website Ashley Madison has been slapped down by regulators in Canada and Australia for poor security following its now infamous hacking in 2015. A joint investigation by the offices of the Australian and Canadian privacy commissioners found that that the service had inadequate safeguards in place, including poor password management and a fabricated ...