Equity Monday: Cybersecurity startups see deluge of capital as Microsoft looks to buy RiskIQ
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 12 July 2021
⏱️ 7 minutes
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| 0:00.0 | Good morning and welcome to Equity Monday for July 12th, our weekly primer where we catch up on the news and as always explore the numbers behind the headlines. |
| 0:19.0 | It was a busy last few days with Virgin Galactic Richard Branson undertaking what was either a well-marketed |
| 0:24.5 | Joyride to the upper limits of Earth's atmosphere or a key voyage for the unlocking of space |
| 0:29.5 | for more folks and England losing to Italy in a soccer game that was honestly rather excellent to watch, |
| 0:35.0 | unless of course you're English, in which case all we can say is that hangovers are cured by time, aspirin, hugs, and vodka. |
| 0:42.0 | Asian stocks rose today, European stocks fell and American equities |
| 0:45.5 | are mixed this morning ahead of the start of trading in the last 24 hours. Major |
| 0:49.6 | cryptos are largely flat and that, let's begin. |
| 0:53.0 | All right, so the weekend, well, breaking over the weekend was news that Microsoft |
| 0:59.4 | intends to buy Risk IQ a cybersecurity firm, Bloomberg broke that news. |
| 1:04.8 | The deal should value the smaller company at around 500 million. |
| 1:08.3 | Now this is a small deal for Microsoft in kind of relative terms compared to its market cap, |
| 1:12.6 | but it does mark the company's second recent cybersecurity purchase. |
| 1:16.0 | Now, obviously, if you think about that, |
| 1:18.2 | Microsoft is working to beef up its cybersecurity muscle, |
| 1:21.0 | which is a pretty welcome thing, frankly. |
| 1:23.4 | You know, here's hoping that the deals lead to fewer exploits and a general retrenchment of |
| 1:27.2 | ransomware attacks. |
| 1:28.9 | And this weekend, Techrons reported that Twitter's India operations have, quote, |
| 1:32.1 | appointed a resident grievance officer |
| 1:34.3 | days after the American social media firm was said to have lost the liability |
| 1:38.0 | protection on user-generated content in the South Asian nation |
... |
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