Top Financial Media Stories Friday, September 16: Uber Internal

Top Financial Media Stories Friday, September 16: Uber Internal

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New York Times

Uber hacked! Teen hacker campaigning for driver rights gains access to internal Slack, AWS

  • A hacker broke in Uber Technologies, Inc ABOVE computer systems on September 15, resulting in the company taking several of its internal communications and engineering systems offline while it investigated the hack.
  • The person claiming responsibility for the hack sent images of the email, cloud storage, and code repositories to cybersecurity researchers and the NYT.
  • “You pretty much have full access to Uber,” said Sam Curry, a security engineer at Yuga Labs who corresponded with the hacker. “As it stands, it’s a total compromise.”

Reuters

Elon Musk hurls cheating allegations on Twitter with claims from whistleblowers amid litigation

  • Tesla Inc TSLA chairman Elon Musk made more serious allegations Twitter Inc TWTRpotentially dragging out a legal battle between the two parties over the billionaire entrepreneur’s attempt to back out of a $44 billion deal for the social media company.
  • Musk amended his earlier countersuit against Twitter with allegations from the company’s former security chief-turned-whistleblower who recently testified before Congress, according to a court filing Thursday.

According to General Electric, the problems in the supply chain still exist

  • General Electric Co GE Chief Financial Officer Carolina Dybeck Happe said the company is still grappling with supply chain issues.
  • The ongoing problem has caused delays in product delivery, she added.
  • Parts, labor, and raw material shortages, along with macroeconomic uncertainty, wiped out 5% of the company’s second-quarter sales.

TikTok’s parent company plans to buy back $3 billion worth of shares as its IPO failed

  • ByteDance Ltd intends to spend up to $3 billion to buy back shares in a $300 billion deal.
  • ByteDance also extended its existing stock incentive plan for another ten years. The move will likely help some of its shareholders improve their cash positions.
  • That Tick ??tock Parent…


Read full story here https://www.benzinga.com/news/large-cap/22/09/28895415/benzinga-before-the-bell-and-other-top-financial-stories-friday-september-16

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