The Danish Supreme Court has upheld large fines issued to several Uber drivers for operating without a taxi license, at a time when the ride-hailing giant was still running its non-licensed p2p driver UberPop service in the market. The decision could mean more than a thousand additional Uber drivers who sold rides in Denmark could…
Ant Financial has denied claims that it covertly raided Equifax — the U.S. credit firm that was hit by a hack last year — to grab information, including code, confidential data and documents to help recruit staff for its own credit scoring service. The Alibaba affiliate, which is valued at over $100 billion, launched Sesame…
The rollercoaster-get-rich ICOs of 2017 are over — crypto companies are waking up to the idea that VC investors aren’t so bad after all. Companies used initial coin offerings (ICOs) to raise some $5.5 billion in cryptocurrency-based funding last year. As an emerging investment system with no regulation, nearly anyone was allowed in. The knock-on effect…
Food delivery service Deliveroo is making headway in its Asian expansion strategy. The London-based company announced today that it will launch in Taiwan in the coming weeks, starting with Taipei, the country’s capital, before heading to other cities. This marks Deliveroo’s fourth market in the Asia-Pacific region (the others are Australia, Hong Kong and Singapore)…
Sorry Santa Claus, Jeff Bezos is your Father Christmas now. Amazon, in its ongoing quest to utterly dominate the holiday season, has announced plans to start shipping real, live Christmas trees, come November. That news comes courtesy of The Associated Press, which notes that the seven-foot-tall Douglas firs and Norfolk Island pines will be sent…
PayPal, now with 19.5 million businesses and 250 million customers using its payment rails to sell and buy goods and services, is today taking the wraps off a new feature that it hopes will bring more transactions to its platform. The company is launching Funds Now, instant payouts to businesses using PayPal for their transactions.…
Google’s lawyers are in Europe’s top court today arguing against applying the region’s so-called ‘right to be forgotten’ ruling globally domains, rather only geo-limiting delistings to European sub-domains (as it does now). The original rtbf ruling was also a European Court of Justice (ECJ) decision. Back in 2014 the court ruled search engines must respect Europeans’ privacy…
Mahendra Ramsinghani Contributor Mahendra Ramsinghani is the founder of Secure Octane, a Silicon Valley-based cybersecurity seed fund. More posts by this contributor Lessons from cybersecurity exits Is Symantec getting ready to buy Splunk? As the Gartner Hype Curve goes, from the peak of inflated expectations to the trough of disillusionment, so goes the founder’s emotional…
Everyone could use an executive coach — even executive coaches. Such is the thinking of Christine Tao and Lori Mazan, cofounders of Sounding Board, a two-year-old, San Francisco-based startup focused around leadership coaching that has so far raised $1 million in seed funding led by Bloomberg Beta, with participation from Precursor Ventures and numerous angel…
Intel today is announcing another acquisition as it continues to pick up talent and IP to bolster its next generation of computing chips beyond legacy PCs. The company has acquired NetSpeed Systems, a startup that makes system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). The company will be joining Intel’s Silicon Engineering Group, and…
