Figma Files For IPO 2025-07-01 17:00:02
Posted by BeauHD from Slashdot
From the what-to-expect department: Figma has filed to go public on the NYSE under the ticker "FIG," marking one of the most anticipated IPOs in recent years following its scrapped $20 billion acquisition by Adobe. CNBC reports: Revenue in the first quarter increased 46% to $228.2 million from $156.2 million in the same period a year ago, according to Figma's prospectus. The company recorded a net income of $44.9 million, compared to $13.5 million a year earlier. As of March 31, Figma had 1,031 customers contributing at least $100,000 a year to annual revenue, up 47% from a year earlier. Clients include Amazon Web Services, Google, Microsoft and Netflix. More than half of revenue comes from outside the U.S. Figma didn't say how many shares it plans to sell in the IPO. The company was valued at $12.5 billion in a tender offer last year, and in April it announced that it had confidentially filed for an IPO with the SEC. [...]
< This article continues on their website >
Posted by msmash from Slashdot
From the issued-in-public-interest department: Tech enthusiast Matt Cole has created a comprehensive MicroSD card testing database, writing over 18 petabytes of data across nearly 200 cards since July 2023. Cole's "Great MicroSD Card Survey" uses eight machines running 70 card readers around the clock, writing 101 terabytes daily to test authenticity, performance, and endurance.
The 15,000-word report covering over 200 different cards reveals significant quality disparities. Name-brand cards purchased from Amazon performed markedly better than identical models from AliExpress, while cards with "fake flash" -- inflated capacity ratings -- performed significantly worse than authentic storage. Sandisk and Kingston cards averaged 4,634 and 3,555 read/write cycles before first error, respectively, while Lenovo cards averaged just 291 cycles. Some off-brand cards failed after only 27 cycles. Cole tested 51 cards to complete destruction during the endurance testing phase.
Posted by msmash from Slashdot
From the moving-forward department: AT&T has launched a new Account Lock feature designed to protect customers from SIM swapping attacks. The security tool, available through the myAT&T app, prevents unauthorized changes to customer accounts including phone number transfers, SIM card changes, billing information updates, device upgrades, and modifications to authorized users.
SIM swapping attacks occur when criminals obtain a victim's phone number through social engineering techniques, then intercept messages and calls to access two-factor authentication codes for sensitive accounts. The attacks have become increasingly common in recent years. AT&T began gradually rolling out Account Lock earlier this year, joining T-Mobile, Verizon, and Google Fi, which already offer similar fraud prevention features.
Posted by msmash from Slashdot
From the office-space-gone-wrong department: An anonymous reader shares a report: A judge has sentenced a disgruntled IT worker to more than seven months in prison after he wreaked havoc on his employer's network following his suspension, according to West Yorkshire Police.
According to the police, Mohammed Umar Taj, 31, from the Yorkshire town of Batley, was suspended from his job in nearby Huddersfield in July 2022. But the company didn't immediately rescind his network credentials, and within hours, he began altering login names and passwords to disrupt operations, the statement says.
The following day, he allegedly changed access credentials and the biz's multi-factor authentication settings that locked out the firm and its clients in Germany and Bahrain, eventually causing an estimated $274,200 in lost business and reputational harm.
Posted by msmash from Slashdot
From the grave-concerns department: An anonymous reader shares a report: Summer started barely a week ago, and already the United States has been smothered in a record-breaking "heat dome." Alaska saw its first-ever heat advisory this month. And all of this comes on the heels of 2024, the hottest calendar year in recorded history. The world is getting hotter, faster. A report published last week found that human-caused global warming is now increasing by 0.27 degrees Celsius per decade. That rate was recorded at 0.2 degrees in the 1970s, and has been growing since.
"Each additional fractional degree of warming brings about a relatively larger increase in atmospheric extremes, like extreme downpours and severe droughts and wildfires," said Daniel Swain, a climate scientist at the University of California. While this aligns with scientific predictions of how climate change can intensify such events, the increase in severity may feel sudden to people who experience them.
"Back when we had lesser levels of warming, that relationship was a little bit less dramatic," Dr. Swain said. "There is growing evidence that the most extreme extremes probably will increase faster and to a greater extent than we used to think was the case," he added. Take rainfall, for example. Generally, extreme rainfall is intensifying at a rate of 7 percent with each degree Celsius of atmospheric warming. But recent studies indicate that so-called record-shattering events are increasing at double that rate, Dr. Swain said.
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From the dial-m-for-money department: The FCC will suspend enforcement of rules that would lower prison phone and video call prices until April 1st, 2027. Trump-appointed FCC Chair Brendan Carr said that prisons won't have to comply with the pricing regulations [PDF], reversing plans to implement the caps this year.
The rules would have dropped the price of a 15-minute phone call to 90 cents in larger prisons. Current fees can reach as high as $11.35 for a 15-minute call, which the FCC described in 2024 as "exorbitant." Four states -- Connecticut, California, Minnesota, and Massachusetts -- have made prison calls free. Former President Joe Biden signed the Martha Wright-Reed law in 2023, allowing the FCC to regulate prison call rates. The agency voted to adopt the new rates last year, with rules set to take effect on a staggered basis starting January 1st, 2025.
Carr said the regulations are "leading to negative, unintended consequences" and would make caps "too low" to cover "required safety measures." FCC Commissioner Anna Gomez criticized the delay, stating the Commission "is now stalling, shielding a broken system that inflates costs and rewards kickbacks to correctional facilities."
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From the moving-forward department: Starting today, researchers funded by the US National Institutes of Health (NIH) will be required to make their scientific papers available to read for free as soon as they are published in a peer-reviewed journal. That's according to the agency's latest public-access policy, aimed at making federally funded research accessible to taxpayers. From a report: Established under former US president Joe Biden, the policy was originally set to take effect on 31 December for all US agencies, but the administration of Biden's successor, Donald Trump, has accelerated its implementation for the NIH, a move that has surprised some scholars. That's because, although the Trump team has declared itself a defender of taxpayer dollars, it has also targeted programmes and research projects focused on equity and inclusion for elimination. And one of the policy's main goals is to ensure equitable access to federally funded research.
The move means that universities will have less time to advise their researchers on how to comply with the policy, says Peter Suber, director of the Harvard Open Access Project in Cambridge, Massachusetts. There is usually "some confusion or even some non-compliance after a new policy takes effect, but I think universities will eventually get on top of that," he says.
