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Security

Facebook patches serious Instagram vulnerability that opened door to data theft

By Duncan Riley Sep 12, 2019

Facebook Inc. has patched a serious vulnerability in its Instagram app that could have allowed a malicious actor to access user data including names, phone numbers and Instagram account numbers. Discovered by an Israeli…

Apps

SmileDirectClub flops in one of the worst-performing IPOs in decades

By Duncan Riley Sep 12, 2019

Proving that investors will not always tolerate money-losing tech companies going public, online “teledentistry” startup SmileDirectClub flopped on its Nasdaq debut on Thursday with shares in the company down 27.5% as of the close of…

Blockchain

French finance minister wants to block Facebook’s Libra in the EU

By Duncan Riley Sep 12, 2019

France will block Facebook Inc.’s Libra cryptocurrency within its own borders and will also attempt to block it within European Union. The announcement came Thursday from France’s Minister of the Economy and Finance, Bruno Le…

Policy

Report: Feds looking into potential misconduct at VC firm with ties to Peter Thiel

By Maria Deutscher Sep 12, 2019

The U.S. government is probing whether a venture capital firm with ties to high-profile tech investor Peter Thiel has engaged in financial misconduct, Recode reported today. Sources who spoke with the publication on condition…

Cloud

Latest moves by Sumo Logic focus on the cloud-based ‘Intelligence Economy’

By Mark Albertson Sep 12, 2019

On Wednesday, Sumo Logic Inc. made a series of announcements designed to showcase what it calls the “Intelligence Economy.” The news included a continuous intelligence solution for Kubernetes, new benchmarking capabilities for AWS GuardDuty,…

Infra

VMware taps pros in the field to write the book on SD-WAN

By R. Danes Sep 12, 2019

Software-defined wide area networking is getting a lot of press. Some claim it’s the skeleton key to a number of vexing information-technology puzzles, like multicloud and internet of things, for example. Is there a way businesses…

Blockchain

Warner Music joins $11M round in CryptoKitties creator for new blockchain tech

By Kyt Dotson Sep 12, 2019

Music and media giant Warner Music Group reportedly joined in an $11.2 million investment in Dapper Labs, the creator behind the virally popular distributed ledger blockchain game CryptoKitties. According to a report from Forbes…

Security

Shape Security picks up $51M at $1B valuation to combat online fraud and bots

By Maria Deutscher Sep 12, 2019

Not all online attacks involve hacking. Cybercriminals also exploit the public-facing features of services such as banking apps to carry out fraudulent transactions and other illicit activities, a threat that Shape Security Inc. is…

Policy

Google will pay $1B+ to French authorities to settle tax evasion probe

By Maria Deutscher Sep 12, 2019

Google LLC will pay a 500 million euro fine and 465 million euros in back dues to settle allegations that it evaded taxes in France. The penalty, which works out to $1.068 billion at…

Emerging Tech

Voyage raises $31M to advance its self-driving car technology

By Duncan Riley Sep 12, 2019

Self-driving car startup Voyage Auto Inc. said today it has raised $31 million in new funding to ready its self-driving technology for commercialization. The Series B round will also be used to hire more staff…

explore news

Facebook patches serious Instagram vulnerability that opened door to data theft

SmileDirectClub flops in one of the worst-performing IPOs in decades

French finance minister wants to block Facebook’s Libra in the EU

Report: Feds looking into potential misconduct at VC firm with ties to Peter Thiel

Warner Music joins $11M round in CryptoKitties creator for new blockchain tech

Shape Security picks up $51M at $1B valuation to combat online fraud and bots

Google will pay $1B+ to French authorities to settle tax evasion probe

Voyage raises $31M to advance its self-driving car technology

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