Duncan Riley
Latest from Duncan Riley
Yahoo launches new messaging app that channels Slack and ICQ
Yahoo LLC is trying to deal itself back into the messaging market with a new app, which may surprise people who didn’t realize the company still exists in 2018. The new app, called “Yahoo Together,” is being pitched as a replacement to the Yahoo Messenger app that closed in July. But it appears to be ...
As its share price hits record low, Snap aims to get profitable next year
Snap Inc., a company famous for saying in its initial public offering documents that it may never be profitable, is now trying to be profitable, according to a memo to staff from Chief Executive Officer Evan Spiegel. The memo, dated Sept. 26 and first reported Thursday by Cheddar, has Spiegel (pictured) admitting that the company “rushed our redesign, solving ...
Shares of enterprise search firm Elastic nearly double in IPO
Shares of enterprise search engine firm Elasticsearch BV jumped 94 percent today on their first day of trading after the company’s initial public offering. On Thursday, the company had set the price of its shares at $36 ahead of its debut on the New York Stock Exchange, above its previously anticipated range of $26 to ...
Fortnite players targeted by data-stealing malware
Fortnite players are being targeted by malware again, but this time with a new twist: code that seeks to steal data, including bitcoin wallet details. Detected by Malwarebytes researcher Christopher Boyd and publicized Tuesday, the malware is being distributed via links and enticements on YouTube videos offering cheats and other freebies for the wildly popular Battle Royale-style ...
TD Ameritrade invests in new digital asset exchange ErisX
Brokerage firm TD Ameritrade Holding Corp. has become a strategic investor in the newly announced digital assets exchange ErisX. The exchange, unheard of before the announcement, is seeking to establish a regulated derivatives exchange and clearing organization that will include digital asset futures and spot contracts on one platform. “Our retail clients are seeking to access ...
As ICOs fall by the wayside, blockchain venture capital surges
Despite a decline in initial coin offerings and the price of cryptocurrencies, the broader investment market for blockchain and cryptocurrency startups has never been stronger. That’s according to figures published this week by blockchain research group Diar Ltd. The firm said blockchain and cryptocurrency startups have raised nearly $3.9 billion in venture capital for the first three quarters ...
Rise in BitTorrent traffic credited to streaming service exclusive shows
After years of declining use, BitTorrent is growing again thanks to the rise of streaming service exclusive shows. The claim comes from broadband networks provider Sandvine Corp. in its October Global Internet Phenomena Report. It notes that despite years of decline as services such as Netflix Inc. have come to the fore, BitTorrent is growing again as more ...
In apparent acquihire, Google acquires automation platform startup Onward
Google LLC has acquired Onward, a small San Francisco-based startup that was building a customer service automation platform, in what appears to be essentially a talent buy. The price of the acquisition is not known, but VentureBeat reported Tuesday that co-founders Rémi Cossart and Pramod Thammaiah have joined Google along with a small number of other employees ...
Report: Coinbase in talks to raise $500M on $8B valuation
Coinbase Inc., the first cryptocurrency exchange to become a unicorn, is reported to be raising even more money on an $8 billion valuation. Citing people familiar with the matter, Recode claimed Tuesday that the company is in talks with Tiger Global and existing shareholders for a round of up to $500 million. The deal is said to include $250 million in ...
Microsoft gets busy with a new range of Surface computing devices
Microsoft Corp. today debuted a new range of Surface products that are being hailed by even skeptical observers as “great upgrades.” As expected, Microsoft announced the Surface Pro 6, a two-in-one laptop/tablet hybrid with eighth-generation quad-core Intel Core i5 processors, a 12.3-inch display, up to 1 terabyte of solid-state disk storage and 13.5 hours of battery life. ...