McDonald’s hit by data breach

McDonald's hit by data breach

McDonald’s said Friday that a data breach in South Korea and Taiwan has exposed some customer and employee information, making it the latest global company to be targeted by cybercriminals. The attackers accessed emails, phone numbers and delivery addresses, but the breach did not include customer payment information, the company said. The details of the … Read more

Airbnb and Vrbo are cracking down on ‘party houses’

Airbnb and Vrbo are cracking down on 'party houses'

Vacation rental giants Airbnb and Vrbo are cracking down on properties that frequently host raucous parties, the companies said Friday. The companies are co-developing a “community integrity program” to identify problem properties — and share the information with each other, they said in a release. “The information will be available for each company to take … Read more

Payments app Klarna soars to eye-popping $45.6B valuation

Payments app Klarna soars to eye-popping $45.6B valuation

Deferred payments app Klarna soared to a valuation of $45.6 billion in its latest fundraising round — buoyed by an investment from Japan’s SoftBank.  The “buy-now-pay-later” firm, which raised $639 million Thursday, is now Europe’s most valuable privately-held financial technology company. Like competitors Afterpay and Affirm, Stockholm-based Klarna lets consumers take home items then pay … Read more

AMC board members sold nearly $4M worth of stock this week

AMC board members sold nearly $4M worth of stock this week

AMC board members sold close to $4 million in shares this week, cashing in on the company’s latest monster rally fueled by its “meme stock” status.  Three members of AMC’s board of directors each sold-off shares worth more than $800,000, while two more members sold shares worth more than $700,000 per director, according to Securities … Read more

Bidding on space flight with Jeff Bezos to start at $4.8M

Bidding on space flight with Jeff Bezos to start at $4.8M

The bidding battle for a seat on Jeff Bezos’ spacecraft has reached new heights. Pre-auction bidding for a slot on Amazon founder and CEO Jeff Bezos’ July 20 Blue Origin flight closed Thursday at nearly $5 million, according to the space company’s website.   The live auction for the seat launches this Saturday at 12:45 … Read more

Uber rival and Chinese ride-hailing giant Didi files for IPO

Uber rival and Chinese ride-hailing giant Didi files for IPO

Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest technology investment firms, SoftBank, Alibaba and Tencent – did not reveal the size of … Read more

Clover Health CEO Vivek Garipalli made millions allegedly ripping-off CarePoint patients

Clover Health CEO Vivek Garipalli made millions allegedly ripping-off CarePoint patients

The latest “meme stock” doesn’t sell video games or own a movie-theater chain — it’s a health insurance company whose founders have been accused of slapping hospital patients with exorbitant bills. Clover Health appears to have become popular with traders on Reddit this month partly because it had been a target of short seller Hindenburg … Read more