![]() ![]() At least one analyst has noted that Square may have left as much as $50 million on the table by pricing the stock lower than the prospectus target range of $11 to $13 per stock. The IPO wasn’t a complete win for Square, however. Some analysts noted how this kind of stock activity following an IPO, where stock valued under company prospectus have ended up trading higher than the prospectus’ target range, hasn’t been seen in Wall Street in 17 years, going back to the early days of the dot-com bubble in the late 1990s. Plenty of naysayers got their comeuppance when shares of Square increased by 50 percent in the day after hitting the market, rising from $9 per share to a high mark of $14.78 Square stock was priced at $12.85 as of this writing. The IPO was valued at $4 billion even though Square’s valuation as a private company had previously been about $6 billion, causing some to question whether the heyday of tech unicorns was coming to an end. Near the end of November, Wall Street got its latest look at the value of tech unicorns, private companies with a valuation exceeding $1 billion, with the initial public offering of shares of mobile payment services provider Square Inc. Square’s IPO Trounces Estimates, But Tech Unicorn Issues Remain ![]() However, cybersecurity experts have said that the activities of Anonymous could actually cause collateral damage in certain counter-terrorism efforts. Within days, Anonymous claimed responsibility for the deletion of thousands of Twitter accounts which it reports were related to ISIL. After the Paris attacks, Anonymous declared war against ISIL in the digital sphere. Related activity is also being seen on behalf of the international hacktivist group known as Anonymous, a non-governmental organization which has targeted diverse organizations like the Recording Industry Association of America and the Church of Scientology. Within a week of the tragedy, Telegram founder Pavel Durov, who was once reported as saying that “ our right for privacy is more important than our fear of bad things happening, like terrorism, ” announced that Telegram had blocked 78 ISIL-related chat channels operating across 12 languages as well as another 164 public channels featuring terrorist propaganda. There has been much discussion in the wake of the attacks on Parisian civilians about whether the government should be given greater control over data surveillance to prevent future attacks. Cryptocat, Telegram, RedPhone, Wickr and ProtonMail are just a few of the encrypted communications technologies which are mentioned in that manual, indicating that they’re likely being used by ISIL and other terrorist groups to coordinate attacks. Much is made about the technologically savvy nature of the terrorist group known as ISIL/ISIS in recent weeks but not many realize that the organization has its own 34-page cybersecurity manual which it gives to recruits, advising them on which encrypted channels to communicate across. The Tech World Steps Up the Fight Against ISIL We also take a little time to explore research at an American university which has led to the world’s first-ever “freeze ray” laser technology. From tech developers trying to take a stand against tech-savvy terrorists to a pair of highly anticipated initial public offerings of stock for tech start-ups, there’s been plenty of news to cover in recent days. Rapid developments in the worlds of technology and science have us returning with our latest Tech Round-Up here on IPWatchdog. ![]()
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