Enterprise
SEC charges Twilio engineers with insider trading during early days of pandemic
The Securities and Exchange Commission on Monday charged three software engineers at cloud software vendor Twilio and several of their friends and family members with involvement in an insider trading scheme. Between March and May 2020, as cloud tools were gaining use due to the surge in remote work, Twilio engineers Lokesh Lagudu, Chotu Pulagam […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei’s annual report released Monday is the first high-profile corporate event CFO Meng Wanzhou has led since returning to China from Canada after a nearly three-year extradition battle with the U.S. David Ramos | Getty Images News | Getty Images Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued […]
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Authentication firm Okta says it has found no evidence of new attack after hackers claim breach
In this photo illustration an Okta logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Identity management firm Okta has said it found no evidence of ongoing malicious activity after a group called Lapsus$ posted pictures claiming to have hacked the company. Lapsus$ posted screenshots on its Telegram […]
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Alibaba increases share buyback to $25 billion from $15 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba Group Holding said on Tuesday it upsized its share buyback program to $25 billion from $15 billion, the second time in the past year. Alibaba said it had already re-purchased about $9.2 billion of […]
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Russia is exploring options for cyberattacks and companies must be ready, says Biden
President Joe Biden speaks during a tour of the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Michael Wayland | CNBC President Joe Biden on Monday advised U.S. corporations to strengthen their cybersecurity practices because of intelligence reports indicating that Russia is looking at possibilities to attack. The guidance came almost […]
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Activist investors take aim at cloud software after market swoon
Steven Birdsall, chief revenue officer of Anaplan Inc., left, and Frank Calderoni, president and chief executive officer of Anaplan Inc., center, talk to a trader during the company’s initial public offering on the floor of the New York Stock Exchange in New York on Oct. 12, 2018. Michael Nagle | Bloomberg | Getty Images Activist […]
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