China’s Didi makes NYSE debut
Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.
Continue ReadingRide-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.
Continue ReadingBy Laura He, CNN Business Just one day after ride-hailing giant Didi was banned from app stores in China, authorities have started investigating three other major technology services, citing concerns about national data security. The companies under investigation recently went public in the US stock market, even though geopolitical tensions between the two countries remain
Continue ReadingBy Sam Fossum and Arlette Saenz, CNN Business The White House on Sunday urged companies who believe their systems were compromised in the ransomware attack that targeted software vendor Kaseya to immediately report it to the Internet Crime Complaint Center. “Since Friday, the United States Government has been working across the interagency to assess the
Continue ReadingBy Sam Fossum and Arlette Saenz, CNN Business The White House on Sunday urged companies who believe their systems were compromised in the ransomware attack that targeted software vendor Kaseya to immediately report it to the Internet Crime Complaint Center. “Since Friday, the United States Government has been working across the interagency to assess the
Continue ReadingBy Alexis Benveniste, CNN Business Didi, China’s largest ride-hailing service, continues to fall into deeper trouble with Chinese regulators. The Cyberspace Administration of China on Sunday banned Didi from app stores after saying it posed a cybersecurity risk for customers. “Didi Chuxing app is found to have severely violated the laws by illegally collecting and
Continue ReadingBy Alexis Benveniste, CNN Business Didi, China’s largest ride-hailing service, continues to fall into deeper trouble with Chinese regulators. The Cyberspace Administration of China on Sunday banned Didi from app stores after saying it posed a cybersecurity risk for customers. “Didi Chuxing app is found to have severely violated the laws by illegally collecting and
Continue ReadingDuring a trip to Michigan, President Joe Biden addressed the latest ransomware attack by the same group that hit meat supplier JBS Foods last spring, this time impacting a key software vendor known as Kaseya whose products are widely used by IT management companies. CNN’s Arlette Saenz has more.
Continue Readingby Brian Fung, CNN Business US cyber officials are tracking a major new ransomware attack by the same group that hit meat supplier JBS Foods this spring. This time, the REvil malware hit a wide range of IT management companies and compromised hundreds of their corporate clients. The cybercriminal gang, which is believed to operate
Continue ReadingFireEye CEO Kevin Mandia talks with CNN’s Julia Chatterley about the acceleration of cybercrime and the risks of paying ransoms.
Continue Readingby Brian Fung, CNN Business US cyber officials are tracking a major new ransomware attack by the same group that hit meat supplier JBS Foods this spring. This time, the REvil malware hit a wide range of IT management companies and compromised hundreds of their corporate clients. The cybercriminal gang, which is believed to operate
Continue ReadingBy Jackie Wattles, CNN Business Richard Branson, the British billionaire and entrepreneur, announced late Thursday that he would attempt to go to space on July 11, just nine days before the world’s richest man, Jeff Bezos, will make his own spaceflight. But even as he effectively cut ahead of Bezos, Branson dismissed the notion of
Continue ReadingBy Jackie Wattles, CNN Business Richard Branson, the British billionaire and entrepreneur, announced late Thursday that he would attempt to go to space on July 11, just nine days before the world’s richest man, Jeff Bezos, will make his own spaceflight. But even as he effectively cut ahead of Bezos, Branson dismissed the notion of
Continue ReadingBy Brian Fung, CNN Business The Federal Trade Commission said Friday it has sued and settled with the technology giant Broadcom over allegations that the company sought to monopolize the supply of semiconductor chips. According to the complaint, Broadcom entered into exclusive anti-competitive deals with its business customers — including television and internet service providers
Continue ReadingBy Brian Fung, CNN Business The Federal Trade Commission said Friday it has sued and settled with the technology giant Broadcom over allegations that the company sought to monopolize the supply of semiconductor chips. According to the complaint, Broadcom entered into exclusive anti-competitive deals with its business customers — including television and internet service providers
Continue ReadingBy Clare Duffy, CNN Business The scourge of obnoxious robocalls has resumed after a brief dip during the early months of the pandemic. But a new prevention program developed by the Federal Communications Commission — which officially went into effect this week — could begin to offer some relief later this year. The program, called
Continue ReadingBy Clare Duffy, CNN Business The scourge of obnoxious robocalls has resumed after a brief dip during the early months of the pandemic. But a new prevention program developed by the Federal Communications Commission — which officially went into effect this week — could begin to offer some relief later this year. The program, called
Continue ReadingBritish billionaire Richard Branson plans to beat fellow billionaire and rival Jeff Bezos to space. Branson’s company, Virgin Galactic, made a surprise announcement that he will attempt to fly in Virgin’s rocket-powered plane on July 11 — nine days before Bezos’s planned July 20th launch.
Continue ReadingBy Jackie Wattles and Rachel Crane, CNN Business British billionaire Richard Branson plans to beat fellow billionaire and rival Jeff Bezos to space. Branson’s company, Virgin Galactic, made a surprise announcement Thursday that he will attempt to fly in Virgin’s rocket-powered plane on July 11 — nine days before Bezos’s planned July 20th launch. The
Continue ReadingSome Facebook users in the United States are being served a prompt that asks if they are worried that someone they know might be becoming an extremist. Others are being notified that they may have been exposed to extremist content.
Continue ReadingBy Oliver Darcy, CNN Business Some Facebook users in the United States are being served a prompt that asks if they are worried that someone they know might be becoming an extremist. Others are being notified that they may have been exposed to extremist content. It is all part of a test the social media
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