The Heartbleed bug, a flaw discovered on encryption software used on about two-thirds of all websites, was created unintentionally, the programmer responsible has said.
Robin Seggelmann, a German programmer, described the flaw as the consequence of a “trivial” error in an update to OpenSSL, the software widely used to enable secure connections, writes Jeevan Vasagar. Read more
by Barney Jopson
Frustrated by not being able to dictate your shopping list to Amazon? Well, even if you weren’t, Jeff Bezos’s company has come up with a solution to the problem you never had.
The Seattle-based online retailer on Friday unveiled a new stapler-sized device called Dash that let’s you speak a list of groceries to your Amazon account, to which it is linked via Wi-Fi. Read more
By Adam Palin in London
Education technology company 2U appears to have passed its entry exam, with shares up 7 per cent at noon on its Nasdaq debut.
At a share price of $13.91, the Maryland-based company – which develops cloud-based degrees with universities – is valued at $544m. Not a bad start as a listed company for one that has yet to turn a profit.
Retiring Apple CFO Peter Oppenheimer
There will be a new face in charge of Apple’s balance sheet.
Luca Maestri, currently a corporate controller at the iPhone maker, will be Apple’s next chief financial officer. He succeeds Peter Oppenheimer, who is retiring. Read more
In the battle between old and new media, Time Warner’s premium cable channel HBO still rakes in more money and global subscribers but television streaming service Netflix is quickly gaining ground, writes Emily Steel.
Time Warner released separate financial figures for HBO for the first time on Wednesday, prompting comparisons with Netflix which famously overtook HBO in US subscribers in November. Read more
A British tech entrepreneur has had his vision backed by a further $20.7m of US money, writes Andrew Bounds. Dan Wagner’s Powa group is developing a “revolutionary” ecommerce system that will allow customers to buy and order a product by photographing it with a smartphone.
PowaTag has attracted $96.5m in total, mainly from Boston-based fund Wellington Management, for around a quarter of the business. Read more