idty® Insights US

Michelle Zatlyn, cofounder of web infrastructure and security firm Cloudflare, is tech’s newest billionaire after the company’s stock reached a new record high on Tuesday. Share prices closed at $108.93 on the New York Stock Exchange, more than double that of a year ago, elevating Zatlyn’s net worth to $1 billion.Zatlyn, who serves as the San Francisco company’s president and chief operating officer, owns about a 5% stake in Cloudflare. She is Cloudflare’s second billionaire, following cofounder and CEO Matthew Prince, whose 13% stake helped him reach the $1 billion mark last May. Prince, CEO & Chair of the Board of Cloudflare Inc sold 157,155 shares of NET on 07/19/2021 at an average price of $103.14 a share. The total sale was $16.2 million.Cloudflare was founded in 2009 by Prince and Zatlyn, who met at Harvard Business School, and a third cofounder, Lee Holloway. The company has more than 1700 employees and is one of the biggest networks operating on the Internet. People use Cloudflare services for the purposes of increasing the security and performance of their web sites and services. Cloudflare also provides security by protecting Internet properties from malicious activity like DDoS attacks, malicious bots, and other nefarious intrusions.Sources: Forbes.com, Yahoo Finances, LinkedIn and BloombergEpisode thanks to: CifraTransfer the best OpenPGP encryt software. Hosted on Acast. See acast.com/privacy for more information.

With new disruptive technologies emerging practically every day, companies must find ways to incorporate and leverage them to stay competitive. One of those emerging technologies is biometric verification.For businesses that fear a loss of customers due to privacy concerns, technology has created ways that companies can easily and securely collect customer information. Biometric verification is one way businesses are staying ahead of the competition in regards to managing customer data.By increasing security and boosting consumer confidence, businesses that adopt biometrics verification technology stand to gain a competitive edge in today's market.Episode thanks to: DoubleCheck, Facial Biometric Platform for Trust Authentication Process. Hosted on Acast. See acast.com/privacy for more information.

Of the 410 listings during the first half of the year, 167 were operating companies, representing a 77%-win rate in the U.S. market.1 Nasdaq also solidified its presence with Special Purpose Acquisition Companies (SPACs), welcoming 68% of all SPAC IPOs, raising $61 billion, and 61% of all SPAC business combinations, including SoFi (SOFI) and 23AndMe (ME). Beyond operating companies and SPACs, 16 companies transferred their corporate listing to Nasdaq, including Honeywell (HON). Furthermore, Nasdaq held the largest direct listing among all exchanges, welcoming Coinbase (COIN) with $65 billion in market cap.Episode thanks to: Intellisign Hosted on Acast. See acast.com/privacy for more information.