10 things in tech you need to know today
REUTERS/Stephane Mahe
1. Payments company Square set its IPO price at $9 (£5.89) per share, bringing its market cap to $2.9 billion (£1.89 billion). That's lower than the initial $11 (£7.20) to $13 (£8.51) price range proposed by the company in its IPO filing.
2. Tinder-owner Match Group has also priced its IPO, this time at $12 (£7.86) per share. It had previously said it hoped to price shares between $12 and $14 (£9.17).
3. Leaked financial documents from Uber competitor Lyft show the company is burning money. It lost $127 million (£83.1 million) in the first half of this year.
4. Tinder CEO Sean Rad gave a cringeworthy interview to the Evening Standard that forced Match Group to file an update with the SEC. It had to clarify how many users Tinder has.
5. Salesforce shares hit an all time high following its third quarter earnings. Revenue and EPS beat analyst expectations.
6. Hacking group Anonymous has accused Silicon Valley startup CloudFlare of helping ISIS. The company has been accused of helping sites allegedly affiliated with ISIS stay online, even when hackers are trying to take them down.
7. Some iPad Pro units stop working when people plug them in to charge. Apple's support forums are flooded with complaints.
8. London fintech startup Ebury has raised $83 million (£54.5 million) in new funding. It helps businesses operate abroad by offering them finance solutions that are usually reserved for big companies.
9. Some of SoundCloud's most loyal users are starting to lose faith in the music streaming site. We talked to DJs and record label owners who are frustrated with its copyright system.
10. The CEO of London startup JustPark has left the company days after we reported on job losses there. Alex Stephany is leaving and will be replaced by the company's founder Anthony Eskinazi.
NOW WATCH: Easy ways to make your Mac run faster
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance