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Emerging Tech

Autonomous driving startup Pony.ai picks up $267M at $5.3B+ valuation

By Maria Deutscher Nov 6, 2020

Pony.ai, a Chinese startup developing autonomous driving technology for cars and trucks, said late Thursday that it has secured $267 million in additional funding. The investment comes less than a year after the startup…

Cloud

IBM targets 5G revenue opportunities with new carrier platform

By Maria Deutscher Nov 6, 2020

IBM Corp. is sharpening its focus on the telecommunications sector with the introduction of IBM Cloud for Telecommunications, a new platform designed to ease carriers’ shift to 5G. IBM Cloud for Telecommunications was announced on…

Policy

Facebook and Twitter scramble to combat election misinformation

By James Farrell Nov 5, 2020

Facebook Inc. and Twitter Inc. have had their hands full over the last 48 hours trying to combat the spread of misinformation about the U.S. election. Today, Facebook removed a group called “Stop the Steal”…

Apps

Report: Airbnb could release details next week for a December IPO

By Duncan Riley Nov 5, 2020

Airbnb Inc. is planning to make its initial public offering registration public as early as next week ahead of a float in December, according to a report today from Reuters. Citing people familiar with the…

Blockchain

Feds seize $1B in bitcoin linked to defunct dark web marketplace Silk Road

By Duncan Riley Nov 5, 2020

The U.S. Department of Justice has seized more than $1 billion in bitcoin and other cryptocurrencies linked to defunct dark web marketplace Silk Road seven years after it shut the site down and arrested…

Apps

Shares in Square surge after it smashes revenue and earnings estimates

By Duncan Riley Nov 5, 2020

Shares in Square Inc. surged in after-hours trading after the financial services provider smashed revenue and earnings in its third fiscal quarter. For the quarter ended Sept. 30, Square’s revenue jumped 140%, to $3.03…

Security

Cloudflare’s stock jumps on solid earnings and revenue beat

By Mike Wheatley Nov 5, 2020

Shares in the network security and internet traffic management firm Cloudflare Inc. jumped more than 10% in after-hours trading today after it posted third-quarter earnings and revenue that easily topped analysts’ forecasts. The company, which…

Apps

New Relic’s stock tumbles on bigger-than-expected loss

By Mike Wheatley Nov 5, 2020

New Relic Inc.‘s stock was taken to the cleaners again today after it posted second-quarter earnings that fell some way short of Wall Street’s expectations. The company reported a loss before certain costs such…

Emerging Tech

Uber shares drop as ride-hailing giant delivers mixed earnings

By Duncan Riley Nov 5, 2020

Uber Technologies Inc. shares dropped slightly in after-hours trading after the ride-hailing giant delivered a mixed bag of third-quarter earnings results. For the quarter ended Sept. 30, Uber reported overall gross bookings of $14.7…

Cloud

Dropbox stock drops despite earnings and revenue beat

By Mike Wheatley Nov 5, 2020

Cloud storage company Dropbox Inc. may be wondering what it did wrong after seeing its stock fall today despite beating Wall Street’s targets with its third-quarter financial results. The company, which sells cloud-based software that’s used…

explore news

Autonomous driving startup Pony.ai picks up $267M at $5.3B+ valuation

IBM targets 5G revenue opportunities with new carrier platform

Facebook and Twitter scramble to combat election misinformation

Report: Airbnb could release details next week for a December IPO

Feds seize $1B in bitcoin linked to defunct dark web marketplace Silk Road

Shares in Square surge after it smashes revenue and earnings estimates

Cloudflare’s stock jumps on solid earnings and revenue beat

New Relic’s stock tumbles on bigger-than-expected loss

Uber shares drop as ride-hailing giant delivers mixed earnings

Dropbox stock drops despite earnings and revenue beat

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