Australian Design Platform Canva Reaches $40 Billion Valuation

Australian graphic design business Canva has become one of the world’s biggest privately-owned companies when its valuation hit $40 billion (£29 billion) after raising $200 million in fresh capital. T. Rowe Price Group Inc. led the funding round which included …

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Zoom to Pay $85 Million to Settle Privacy Lawsuit

Zoom Video Communications Inc has agreed to pay $85 million on Saturday to settle a lawsuit filed in San Jose, California claiming it violated users’ privacy rights. The class-action suit by several Zoom users alleged that Zoom has shared personal …

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Akamai Edge Outage Brings Down a Large Number of Websites and Services

Content Delivery Network (CDN) Akamai Edge has experienced service disruption on Thursday causing some of the biggest websites and online services to dropped offline. Akamai reported that the issues appeared to be with the domain name service (DNS). DNS is …

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Tech Giants to Quit Hong Kong if Privacy Law Changes, Industry Group Warns

An Asian industry group has warned that technology companies could leave Hong Kong  if authorities proceed with the proposed changes to privacy laws. The Asia Internet Coalition (AIC), whose members include Facebook, Google, and Apple, expressed concerns over proposed amendments …

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Ransomware Attack Targets Kaseya and Customers Globally

International IT support firm Kaseya, and more than a thousand of the company’s customers, have been the target of a ransomware attack. Kaseya has claimed while only a “small number” of its clients are impacted that it is advising the …

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Russia Fines and Threatens Google with Slowdown for Failure to Remove Alleged Illegal Content

The Russian government has fined Google 6 million rubles ($81,600) and threatened to slow down its services locally for allegedly failing to delete content that contained drugs, violence, and extremism. “On average, from 20% to 30% of links to content …

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Gigabyte Technology Faces Boycott in China

Taipei-based computer hardware maker Gigabyte Technology was boycotted in China after mocking Chinese-made goods. “Unlike other brands that have opted for low-cost and low-quality contract manufacturing in China, Gigabyte Technology is committed to producing excellent and high-performing components and laptops. …

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Moscow Denies Involvement in Colonial Pipeline Cyberattack

Moscow denies involvement in the latest cyber attack by a hacker group known as DarkSide on the US oil company, Colonial Pipeline, in a statement on Tuesday. “We categorically reject the baseless fabrications of individual journalists and reiterate that Russia …

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Crypto Company Dfinity to Launch Blockchain Equivalent of AWS

Crypto company Dfinity will launch their new blockchain project that they dub the “internet computer” as a rival to Amazon Web Services. The new project, launching Monday May 10, is a group of technologies that will support decentralized applications and …

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Starlink Satellite Receives Over 500,000 Pre-Orders

SpaceX Starlink satellite internet CEO, and CTO Elon Musk announced that they have received more than 500,000 pre orders said on Tuesday. Musk said he anticipated no technical problems in meeting the demand for this high number of pre-bookings which …

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