PagerDuty opens up more than 50% on its debut day

This includes investments from Andreessen Horowitz, Bessemer Venture Partners and Accel Partners. Also read: Lyft and six other companies went …

Shares of San Francisco-based tech firm PagerDuty (NYSE: PD) opened at $36.75, up 53% from its IPO price of $24 on its first day of trading on NYSE. PagerDuty increased its IPO price range from $19 to $21 to a range of $21 to $23 on Tuesday. Market watchers expected the $1.8 billion valued company to open up between $30 and $32.

Yesterday, PagerDuty announced that its 9.07 million shares of common stock will be priced at $24 per share. Morgan Stanley and J.P. Morgan Securities acted as lead book-running managers for the offering. RBC Capital Markets and Allen & Company acted as joint bookrunners.

PagerDuty PD stock IPO - Finanacials

According to Crunchbase, the 10-year old software maker had raised over $170 million in six rounds of funding before going public. This includes investments from Andreessen Horowitz, Bessemer Venture Partners and Accel Partners.

Also read: Lyft and six other companies went public in March

For the fiscal year 2019 ended on January 31, 2019, net loss was $40.7 million compared to a net loss of $38.1 million in the previous year. Revenue grew 48% year-over-year to $117.8 million.

PagerDuty’s global customer base at the end of fiscal year 2019 grew to 11,212 from 9,793 at January 31, 2018. One-third of this customer base includes Fortune 500 companies. No single customer represented 5% or more of the company’s revenue for the fiscal year ended January 31, 2019.

PagerDuty’s SaaS-based solution provides insights to customers about their business performance, evaluates their applications and automate them, and increase their productivity.

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CleverTap gets $26m from Sequoia, Tiger Global

CleverTap’s existing investor Accel Partners has also participated in this round. Including the current fund-raise, the company has now raised over $41 …

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Hackers Ask For BTC In Exchange For Shoutout From Footballer Mbappe’s Hacked Twitter Account

Similarly Ethereum co-founder Vitalik Buterin has also seen attempts to capitalize on his name via fake accounts to scam people, leading him to finally …

Apr 10, 2019 18:36&nbspUTC

| Updated:

Apr 10, 2019 at 19:17&nbspUTC

By&nbspRushali Shome

Crypto scammers are evidently back in the game, this time hacking into the Twitter account of star footballer Kylian Mbappe to ask followers to send in Bitcoins in exchange for a shoutout. This international footballer from France, known for his continuing stint with the Paris Saint Germain Club, quickly managed to recover his account and take the post down.

You May Also Read: Can Cryptocurrency Scams Be Stopped?

Suddenly, a section of this star footballer and influencer’s 2.6 million plus followers happened to read a Tweet from his account, asking followers to send in 200 pounds in the form of Bitcoins (the hackers seemed quite determined to accept “BTC only”. Seeing the post, most users seemed to understand that the footballer’s Twitter account had effectively been compromised.

While most of Mbappe’s countless followers who saw the post seemed to understand that hackers had taken over the star’s account, it is still unknown whether anyone actually fell prey to the scam post and sent over Bitcoins to the hackers, hoping for a shoutout from this major sporting celebrity.

This is hardly the first time that hackers have targeted the account of a celebrated and highly followed person. Even though most people now know that these tweets and posts are nothing but scams, there still maybe a few gullible people who may become a victim of such a swindle.

The tweet itself, in fact, managed to attract a great deal of attention, having gotten 800 retweets and nearly 2000 likes during the brief duration it was on the internet.

Earlier also, we have seen such scams affecting accounts of celebrities. Last year itself, the account of Elon Musk was hacked, offering free Ethereum to people who sent in their crypto holdings’ private keys. Similarly Ethereum co-founder Vitalik Buterin has also seen attempts to capitalize on his name via fake accounts to scam people, leading him to finally change his Twitter name to “Vitalik Non-giver of Ether”.

With such scams still rampant, it essential to make users and common crypto enthusiasts aware of the risks, so that they can effectively avoid such scamming attempts.

Rushali Shome

Rushali Shome is a history undergraduate with a keen interest in puns, politics and beyond. When not typing away furiously in the “Notes” section of her phone, she can be found trying to catch the eye of servers at restaurants or weddings for a second helping.

Everyone is now Welcome on Bitfinex

One of the biggest crypto exchanges in the world is Bitfinex and they have recently revealed that they have removed the minimum equity of $10,000 …

One of the biggest crypto exchanges in the world is Bitfinex and they have recently revealed that they have removed the minimum equity of $10,000 that was required to start trading on a new account.

We’ve removed our equity limits so you can set yours. Join Bitfinex today, now with no minimum equity requirement. https://t.co/kQlfRcJBFVpic.twitter.com/mdfPQuUcy9

— Bitfinex (@bitfinex) 9 April 2019

The company is headquartered in Hong-Kong and made the update after being overwhelmed by the surge in demand from traders who were looking to access the platform in the past few months.

The Bitfinex CEO, Jean-Louis van der Velde wrote a Medium post announcing the news and said:

“We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months we have been working hard to ready our platform for a new wave of customer accounts and are now in a position to open Bitfinex to a wider audience” he added. “By dropping our minimum equity requirement, the only limits are now set by the traders themselves.”

With this upgrade, the exchange has just opened its door to anyone who is up for trade cryptocurrencies, as of April 9th.

Bitfinex’s Chief Technical Officer, Paolo Ardonio added that the key reason behind this update was to look for more involvement of the developer’s community.

One of the main reasons of this change is to get more dev community more involved. @bitfinex is quite significantly dev driven at its core and we want to let other devs building/contributing easily on/to our ecosystem. #opensource#decentralizationhttps://t.co/y47FGoL5O8

— Paolo Ardoino (@paoloardoino) 9 April 2019

The exchange also said that they will be upgrading “automated responses to common queries, and quicker issue resolution” from customer support. In addition to this, users will find a new know-your-customers portal.

Last but not least though, the companies operations will move onto more “self-designed, dedicated servers with premium hardware for advanced security and lowest latency.”

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