Tech Brew Ride Home Mon. 07/12 – Is InfoSec The New Fintech?
Jul 12, 2021
Is information security the new hot sector for investors, rivaling fintech? ByteDance faces regulatory hurdles, leading to its IPO delay. Amazon is venturing into sleep technology with innovative tracking gadgets. Meanwhile, the EU postpones its digital tax plans to prioritize global tax agreements. Amid sports controversies, Black Widow’s release shines a light on Disney's streaming strategy, proving that Hollywood is still alive and kicking.
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Microsoft Prioritizes Security
- Microsoft is acquiring RiskIQ, a cybersecurity company, for over $500 million.
- This move, along with other acquisitions, signals Microsoft's focus on security as a key differentiator in the cloud market.
InfoSec as the New Fintech
- InfoSec is gaining traction as a hot investment area, similar to fintech.
- Investors are increasingly interested in security startups amidst rising ransomware attacks.
ByteDance IPO Postponement
- ByteDance, owner of TikTok, postponed its IPO plans after Chinese regulators raised data security concerns.
- This cautious approach contrasts with Didi, which faced regulatory scrutiny after its US IPO.