Every day Crunch: How the federal government shutdown is damaging cybersecurity and future IPOs
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1. How Trump’s government shutdown is harming cyber and national security
The federal government has been shut down for practically three weeks, and there’s no finish in sight. Whereas many of the core authorities departments — State, Treasury, Justice and Protection — are nonetheless operational, others like Homeland Safety, which takes the majority of the federal government’s cybersecurity obligations, are struggling probably the most.
2. With SEC workers offline, the government shutdown could screw IPO-ready companies
The SEC has been shut down since December 27 and solely has 285 of its 4,436 staff on the clock for emergency conditions. Whereas tech’s most buzz-worthy unicorns like Uber and Lyft gained’t endure an excessive amount of from the shutdown, smaller companies, notably these in want of an infusion of capital to proceed working, will bear the brunt of any IPO delays.
In 2018, seed exercise as a share of all offers shrank from 31 % to 25 % — a decade low — whereas the share and dimension of late-stage offers swelled to document highs.
N26 is constructing a retail financial institution from scratch. The corporate prides itself on the pace and ease of organising an account and managing belongings. Up to now yr, N26’s valuation has exploded as its person base has tripled, with practically a 3rd of consumers paying for a premium account.
Chicken is reportedly nearing a deal to increase its Collection C spherical with a $300 million infusion led by Constancy. The funding, nevertheless, comes at a time when scooter corporations are shedding steam and struggling to show that its product is the clear resolution to last-mile transportation.
It’s no secret that AWS has lengthy been accused of taking the very best open-source initiatives and re-using and re-branding them with out at all times giving again to these communities.
Seems like Samsung is giving Cell World Congress the chilly shoulder and has determined to announce its newest flagship cellphone every week earlier in San Francisco.