Chinese ride-hailing titan Didi plunged by more than 11 percent in New York shares on Thursday, following whispers of impending new penalties by Beijing on the company. The ride-hailing giant is once more exposed to further pressure from the Chinese government leading to harmful impact on its revenues after trustbusters ordered it to be removed […]
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Zomato, the Indian food delivery startup has jumped more than 70 percent in their stock market debut on Friday. The jaw-dropping stock market debut reflects investors increasing interest in the multinational restaurant aggregator. The developments in the tech world paved the way for several innovations, with food delivery applications being among them. Zomato’s success story encompasses two main […]
Saudi Arabia’s state oil giant acknowledged Wednesday that leaked data from the company — files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand — likely came from one of its contractors. The Saudi Arabian Oil Co., better known as Saudi Aramco, told The Associated Press that it “recently became […]
Ford Motor Co. and a self-driving vehicle company it partly owns will join with the Lyft ride-hailing service to offer autonomous rides on the Lyft network. The service using Ford vehicles and a driving system developed by Pittsburgh-based Argo AI will begin in Miami later this year and start in Austin, Texas, in 2022. It […]
Cloud computing titan Salesforce announced on Wednesday its completed acquisition of workplace chat platform Slack for $27.7 billion, adding the messaging app to its long list of enterprise software. The deal began surfacing in 2019, commemorating one of the most significant acquisitions in the history of business software industries in recent years, resulting in Salesforce’s […]
Robinhood, the online brokerage that found itself embroiled in this year’s meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion. The company said in a regulatory filing Monday that it hopes to price 55 million shares in its initial public offering in a range of $38 to […]
When Blue Origin launches people into space for the first time, founder Jeff Bezos will be on board. No test pilots or flight engineers for Tuesday’s debut flight from West Texas, just Bezos, his brother, an 82-year-old aviation pioneer and a teenage tourist. The capsule is entirely automated, unlike Richard Branson’s Virgin Galactic rocket plane […]
An investigation by a global media consortium based on leaked targeting data provides further evidence that military-grade malware from Israel-based NSO Group, the world’s most infamous hacker-for-hire outfit, is being used to spy on journalists, human rights activists and political dissidents. From a list of more than 50,000 cellphone numbers obtained by the Paris-based journalism […]
China’s cyber-watchdog on Friday announced an on-site cybersecurity investigation of ride-hailing service Didi, stepping up scrutiny after earlier criticism of its handling of customer information caused the company’s New York-traded shares to tumble. The on-site inspection comes two weeks after the regulator said it would probe the ride-hailing company over concerns about national security and […]
For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive ransomware attack that snarled businesses around the world and escalated U.S.-Russia diplomatic tensions. But it turns out that the recent hack wasn’t the first major cybersecurity problem to hit the Miami-based […]