A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the cryptocurrency has been shut down at the request of the US Federal Trade Commission.
In a complaint filed earlier this month against Butterfly Labs, the FTC alleged that the Missouri-based company charged consumers thousands of dollars for computers that mine Bitcoins but then failed to deliver the machines "until they were practically useless, or in many cases, did not provide the computers at all," the agency said in a statement Tuesday.
Car-sharing service Lyft has acquired Hitch, a startup in the mobile app-enabled car-pooling business, to integrate the service with its own shared rides business that it set up last month.
"Similar to Lyft, Hitch has always believed the shared rides experience is inherently social, and we're excited that they're joining the team to accelerate this movement together," Lyft wrote in a blog post Monday.
In the wake of his failure to make a dent in New Zealand politics, Kim Dotcom has said his name alone spoiled the chances for the alliance of the Internet Party and the Mana Movement.
The result was truly dismal: the Internet Party failed to secure a seat, and Mana's leader Hone Harawira lost his seat, as New Zealand's conservative National Party led by Dotcom's arch-enemy John Key swept back into power with 48.1 per cent of the vote.
Home Depot said Thursday that 56 million payment cards were affected by a malware attack that started in April.
In a statement, Home Depot said that it completed its investigation and added enhanced encryption at point of sale terminals in its U.S. stores. Enhanced encryption will be complete in early 2015. Home Depot's encryption technology was provided by Voltage Security and tested by independent firms.
The fervor and suspense surrounding Alibaba's IPO roadshow has reached such a fever pitch that CNBC even quipped "it's like Alibaba cures cancer or something."
An inevitable result is that some expectations simply won't be met given how high expectations have risen for what is being flaunted as the greatest tech (or just general) initial public offering in history.