Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report

By Chen Lin

logo: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore

© Reuters/Anshuman Daga
A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore

SINGAPORE (Reuters) – The CEO of Singapore ride-hailer Grab told employees in an internal note on Thursday that the firm is in a position to make acquisitions, following a report it is close to a merger with regional rival Gojek.


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The two firms have made substantial progress in talks to merge Southeast Asia’s two most valuable startups, Bloomberg reported on Wednesday.

Sources familiar with the matter have previously told Reuters that over the last few years, large investors of the two companies have backed a merger of both loss-making firms.

“There is speculation again about a Gojek deal,” Anthony Tan told employees in a note on the company’s internal communication platform, seen by Reuters.

“Our business momentum is good, and as with any market consolidation rumours, we

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Amazon spends $500m on bonuses for Christmas staff

a man standing in front of a computer

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Amazon is spending hundreds of millions of dollars on bonuses for Christmas staff after sales at the online giant soared during the pandemic.

Full-time warehouse workers in the UK and the US will receive £300 or $300, with £150 or $150 for part-time staff.

The money will be given to those employed between 1 and 31 December.

The firm, run by Jeff Bezos, the world’s richest man, praised staff for “serving customers’ essential needs” during the pandemic.

In a blog post, Dave Clark, senior vice president of Amazon Worldwide Operations, wrote: “I’m grateful to our teams who continue to play a vital role serving their communities.

“As we head into the peak of the holiday season, we want to share our appreciation through another special recognition bonus, totalling more than $500 million for our front-line employees.”

The firm has come under intense scrutiny for working practices in

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GoDaddy staff fall prey to social engineering scam in cryptocurrency exchange attack wave

GoDaddy employees were exploited to facilitate attacks on multiple cryptocurrency exchanges through social engineering and phishing. 

Staff at the domain name registrar were subject to a social engineering scam that duped them into changing email and registration records, used to conduct attacks on other organizations. 

As reported by security expert Brian Krebs last week, GoDaddy confirmed that the scam led to a “small number” of customer domain names being ‘modified” earlier this month.

Starting in mid-November, fraudsters ensured that email and web traffic intended for cryptocurrency exchanges was redirected. and the NiceHash cryptocurrency trading posts were impacted, and it is suspected that other exchanges may also have been affected. 

See also: Cryptocurrency platform dangles ‘bug bounty’ carrot to hacker who stole $2 million

According to Liquid CEO Mike Kayamori, a security incident on November 13 was caused by GoDaddy incorrectly transferring control of an account related to the firm’s

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Attackers Dupe GoDaddy Staff Into Helping Them Take Down Cryptocurrency Services

Roughly one year after a data breach at GoDaddy compromised 28,000 customer accounts, the world’s largest internet domain registrar is once again at the center of a security scandal. Hackers brought down several cryptocurrency services using GoDaddy domains in recent weeks, and apparently the company’s own staff unwittingly helped in these attacks.

a close up of a computer keyboard

© Photo: Issouf Sanogo (Getty Images)

Hackers purportedly duped GoDaddy employees into handing over the reins to several cryptocurrency services’ web domains, and then used those permissions to make unauthorized changes and bring down the sites, per a report from the cyber-centric blog Krebs On Security on Saturday. While it remains unclear how many companies fell for this scam, the cryptocurrency trading platform Liquid and mining service NiceHash uncovered attacks within days of each other.


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“On the 13th of November 2020, a domain hosting provider ‘GoDaddy’ that manages one of our core domain names incorrectly

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TikTok to increase Irish staff to 1,100 in rapid expansion

By Padraic Halpin

DUBLIN (Reuters) – TikTok will increase its number of employees in Ireland to 1,100 by early 2021 from just 20 in January, the Chinese-owned video app said on Wednesday, a pace of expansion Ireland’s foreign investment agency said was one of the fastest on record.

TikTok said its senior executive team for Europe, the Middle East and Africa is now based in Dublin, overseeing privacy and data protection for Europe. The 900 people currently employed in Ireland represent almost half of TikTok’s 2,000 European staff.

The move comes as President Donald Trump and other American lawmakers have said TikTok is a national security risk and called for the divestment of the service in the United States, an order ByteDance filed an appeal over late on Tuesday.

The video app, owned by China’s ByteDance, also announced in August that it will set up its first European data centre

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