Tag: majority

Scrap dealer finds Apollo-era NASA computers in dead engineer’s basement

NASA A pair of Apollo-era NASA computers and hundreds of mysterious tape reels have been discovered in a deceased engineer’s basement in Pittsburgh, according to a NASA Office of the Inspector General (OIG) report released in response to a Freedom of Information Act (FOIA) request. Most of the tapes are unmarked, but the majority of the rest appear to be instrumentation reels for Pioneer 10 and Pioneer 11 , NASA’s fly-by missions to Jupiter and Saturn. Read 14 remaining paragraphs | Comments

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Scrap dealer finds Apollo-era NASA computers in dead engineer’s basement

SoundCloud borrows $70 million to keep going

When a startup is in the ascendancy, there’s a near-endless line of investors ready to back it in the hope of future returns. When that road to success gets riskier, the investors dry up and the business has to run to the bank because it’s the only place to get more cash. Apropos of nothing, BusinessInsider is reporting that SoundCloud has secured itself a $70 million loan from a group of financial institutions. The “debt funding, ” as it’s called, has been supplied by Kreos Capital, Davidson Technology and Ares Capital and was reportedly secured on March 10th. SoundCloud says that it will use the cash to hire staff, build technology and grow itself to be more than twice its current size by the end of 2017. It’s hoped that the moves will enable the company to become “financially sustainable” for “years to come.” SoundCloud has had a problem with money for a while, admitting in 2015 that it would need to raise cash or risk going under. It managed to score $70 million from Twitter and then spent the bulk of 2016 hinting that it would like to be bought, thank you very much. Spotify spent a while thinking about it before deciding that it was better off steering clear . Unfortunately, SoundCloud doesn’t necessarily look like a great investment at this point, given its numerous issues. For a start, its SoundCloud Go subscription service was reviewed poorly when it launched, with a meager library and poor design. Then there’s the fact that the majority of the tracks it hosts are user-generated content, remixes and other things you may not expect people to pay for. Between that, and the often onerous terms that come with debt financing, and it’s… it’s not looking great . Via: TechCrunch Source: BusinessInsider

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SoundCloud borrows $70 million to keep going

Opera warns that its web sync service was hacked

Data breaches happen all too often , but it’s rare that they target your browser’s sync service… and unfortunately, Opera just became one of those exceptions. The company is warning users that it detected a hack in its sync system that may have given intruders access to login details. While your passwords are likely safe (all synced passwords are encrypted, for example), Opera isn’t risking anything. It’s resetting all sync account passwords, and it recommends that you change any linked third-party passwords to be on the safe side. Opera is quick to note that the majority of its 350 million users won’t be affected, since most don’t use sync. However, this still leaves about 1.7 million active users at risk, and there are likely more inactive users who are storing useful passwords. True, it’s doubtful that the breach will lead to serious damage, but this certainly isn’t the kind of news Opera would want following its sale to a Chinese security giant . [Thanks, Kristy] Source: Opera Security

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Opera warns that its web sync service was hacked