Silicon Valley is pouring more money into Internet security companies than ever before.
The former Credit Suisse banker will report directly to CEO Evan Spiegel and head up the social network's strategic vision.
A Chinese banker allegedly posts Weibo pictures of himself at the wheel with captions such as "Is ten beers too much?" The police decide it is, indeed, all too much.
An employee of a German bank is supposed to make a transfer of 62.40 euros, but somehow he falls asleep on the keyboard and continually presses the number 2.
The social network and its underwriters have asked the court to throw out a lawsuit that claims the company misled investors prior to its IPO, Reuters reports.
A major migration is under way, with technology companies large and small setting up shop in San Francisco and bypassing the historic heart of the tech industry.
The widespread security breach reportedly compromised 40 million credit and debit cards, which are costing banks a pretty penny to reissue.
After the social network and banks that financed its 2012 IPO tried to get a slew of shareholder lawsuits tossed, a judge rules that the unhappy investors' claims are legitimate.
Plaintiff's petition for discovery sought testimony on whether financial data was withheld from the public to determine whether there were grounds for a case.
Here's another one for the Silicon Valley bubble forecasters: The file-hosting startup is looking for another $250 million at a mind-bogglingly high valuation, reports Businessweek.