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TechCrunch Daily Crunch

r/WallStreetBets could be a risk to Reddit's IPO

TechCrunch Daily Crunch

SpokenLayer

Tech News, News, Technology

3.849 Ratings

🗓️ 24 February 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

UnitedHealth says Change Healthcare hacked by nation-state, as US pharmacy outages drag on; Google is sunsetting the Google Pay app in the US later this year; Reddit cites r/WallStreetBets as a risk factor in its IPO filing Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:07.0

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0:13.0

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0:41.0

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0:44.0

That's shipstation.com code tech news.

0:47.0

Here's your daily crunch.

0:49.0

Coming up, Reddit is citing

0:51.0

our Wall Street bets as a risk factor in its IPO filing.

0:55.0

But first, US Health Insurance Giant United Health Group said in a filing with government

0:59.3

regulators that its subsidiary Change Healthcare was compromised, likely by government-backed hackers.

1:06.0

In a filing Thursday, UHG blamed the ongoing cybersecurity incident affecting Change Healthcare

1:11.4

on suspected Nation State hackers, but said it had no time frame

1:15.1

for when its systems would be back online.

1:17.6

UHG did not attribute the cyber attack to a specific nation or government or cite what evidence it had to support its claim.

1:25.4

Change Healthcare provides patient billing across the U.S. health care system.

1:29.2

The company processes billions of health care transactions annually and claims it handles around

1:34.0

one in three US patient records

1:36.3

amounting to around 100 million Americans.

...

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