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Report: Equifax Suffered Another Major Security Breach in March
Equifax Inc. revealed on Sept. 7 that a major cyberattack compromised sensitive information of about 143 million Americans, but Bloomberg is now reporting that the credit agency actually learned that it had suffered another major security breach back in March - or five months before it was disclosed. Per Bloomberg: In a statement, the company said the March breach was not
This App is Trying to Make Saving as Easy as Spending
FinTech
Imagine if saving was as easy as spending. This is what George Friedman and Erik Akterin had in mind when they co-founded Qapital, a banking app that helps users save money for specific goals using automated steps and commands. The idea behind this platform is to help people reach financial goals, like saving for a trip or a wedding, without them having
How to Negotiate Your Salary When You Have No Obvious Leverage
Lifestyle
If there’s one thing that’s arguably more nerve-wracking than a job interview, it’s negotiating your salary. And if you’re a recent graduate or someone who wants to change careers, the stakes can feel even higher. How are you supposed to convince someone you’re worth more when you have next to no experience? When you’re just starting out you might feel like
Slack Now Valued at More Than $5B After Latest Funding Round
Slack has closed a $250-million funding round that was led by a familiar player: Softbank, which has been aggressively investing in start-ups through its $100-billion Vision Fund. Slack's latest funding rounding places the workplace messaging company's valuation at about $5.1 billion. The company's growing war chest will be crucial in a market that is becoming increasingly competitive, as TechCrunch notes, with
Only in New York? The Big Apple Wants Amazon's New HQ
Amazon recently announced its plans to open a second headquarters in North America, which means that most big (and even some smaller) cities will be lining up to kiss Jeff Bezos' ring in hopes of landing the coveted new HQ. One of those big (really big) cities officially making its pitch to Amazon is New York City, which is essentially selling
7 Takeaways From Apple Investor Meetings Suggest Concern Over Face ID, iPhone X Pricing
Apple Inc. (NASDAQ: AAPL) investors had their biggest week of the year, with the company finally unveiling its highly-anticipated 10-year anniversary iPhone family of products. Following the event, KGI analyst Ming-Chi Kuo discussed Apple’s new devices with customers, and she said the jury is still out on the iPhone X, at least until preorders begin on Oct. 27. In a new note, Kuo outlined seven
Report: Alphabet Could Be Making a Big Investment in Uber's Main Rival
Alphabet has been in talks with Lyft about possibly making a $1-billion investment in Uber's main ride-sharing rival, Axios reports. Axios notes that Google's parent company has several investment arms and it's not clear which group would be involved in the potential deal. However, sources tell Axios that the talks with Lyft are being led by top Alphabet execs, including
The SoFi Sex Scandal Highlights How Hard it is For Women in Fintech
FinTech
Fintech has become a major force over the decade since the financial crisis, with $12.8 billion in venture capital flowing into the sector in 2016 alone. But of the nearly 500 deals that took place in the U.S. last year, less than a dozen went to companies founded by women. That lack of representation at the top set the stage for
Bitcoin Crashes Further After China Halts Trading
FinTech
Bitcoin's value plunged below $3,000 on Friday after BTC China - one of China's biggest exchanges - halted trading of the cryptocurrency, the Guardian reports. The drop in value represents a 40 percent decline from the high of nearly $5,000 that bitcoin reached earlier this month. BTC China indicated that it would stop all trading of bitcoin by Sept. 30.
Familiar Silicon Valley Saga: Women File Class-Action Lawsuit Against Google
Three former employees have filed a class-action discrimination lawsuit against Alphabet Inc (NASDAQ: GOOGL), which is already under an intense federal probe into allegations it pays women less than men and hinders their upward mobility at the company. In another blow against the frat-boy culture that purportedly pervades Silicon Valley, the lawsuit is a direct outgrowth of the ongoing U.S. Department of Labor probe of