Here are the top trending news from the world of technology
1)
GoDaddy Falls prey to Phishing attack:
Webhosting company GoDaddy said on Monday that e-mail address and contact numbers of nearly 1.2 Mn active and inactive Managed WordPress Customers have been exposed to unauthorized third party access. GoDaddy said on that it became aware of the data breach caused in its managed WordPress hosting environment on November 17, 2021. It further added that the data breach was result of the phishing attack (click here).
2)
Netflix acquires Munich based visual effects studio Scanline VFX
To add to its in-house production capabilities, Netflix is all set to acquire German based visual effect studio Scanline VFX. The financial details of the deal has not been disclosed. Scanline has done work on several Netflix originals like ‘Stranger Things’ and ‘CowBoy Bebop.’ The streaming giant is currently basking in the success of its recent hit series ‘Squid Game’ (Click here).
3)
GM picks stake in electric boating startup Pure Water-Craft
Auto giant General Motors (GM) has acquired 25% stake in Pure Watercraft, according to CNBC. Pure Watercraft is a Seattle based startup that manufactures electric outboard motors for boats. The latest acquisition will help GM in achieving its ambitious goal of going aggressive on electrification (Click here).
4)
Walmart to test Twitter’s new livestream shopping platform
Walmart will become the first company to test Twitter’s new livestream shopping platform. Twitter’s e-commerce initiative will be a step forward to help the micro-blogging giant to increase its ad earning revenue. As for Walmart, this is yet another opportunity to increase it sale numbers. On November 18, Walmart will kickstart a cyber deal live event on Twitter. This event will be available only to the U.S. netizens (Click here).
5)
Niantic Inc, creator of Pokemon Go, raises $300 Mn at $9 Bn Valuation
Niantic Inc, the famed AR platform behind hit game Pokemon Go, has raised $300 Mn at a valuation of $9 Bn. The hedge fund Coatue was the sole participant in the funding round. Niantic, which was earlier spun off from Google’s parent company Alphabet Inc, had earlier raised funds in 2019 at a valuation of $4 Bn (Click here)