Twitter hopes to make its initial public offering [IPO] filing public in the coming days with stocks set to debut on the New York Stock Exchange [NYSE] prior to Thanksgiving. Quartz quotes a source "familiar with the plan" as stating the filing will be revealed later this week and that it will hit the market before 28 November, which is Thanksgiving in the US. The same source adds that it could be delayed for a plethora of different reasons including "changes to the prospectus", "market conditions", or "a US government shut down".Twitter is still yet to confirm whether the IPO will launch with the NYSE despite heavy rumours last week that it will choose NYSE over Nasdaq with the decision down, in part, to the disastrous way the latter handled Facebook's IPO last year.
The UK government is set to create a new cyber security unit staffed by a team of expert reservists who will help defend the UK's national security. The new Joint Cyber Reserve will see hundreds of reservists working alongside regular forces to protect critical computer networks, safeguard vital data and even launch strikes. The defence secretary Philip Hammond has said that the set up will work similar to the TA, but "for computer geniuses." Recruitment will begin in October. In a statement, Hammond called the force "an exciting opportunity for Internet experts in industry to put their skills to good use for the nation." He did concede however, that cash for the unit will be detracted from military funding elsewhere, but argued that "military capability doesn't stand still. You cannot fossilise it."
The partnership between Beats Audio and HTC is officially over. The audio firm has announced that The Carlyle Group will make a minority investment in Beats, which will allow Beats to reacquire the minority stake that HTC currently has in the firm for $265 million (£164 million). "These transactions represent the evolution of the financial strength and significant growth prospects of Beats," Beats co-founder and CEO Jimmy Iovine said in a statement. "Carlyle is a fantastic investment partner and we look forward to building the next chapter of Beats." In its own statement, HTC said it will also receive the repayment of a $150 million (£92.9 million) promissory note plus accrued interests. The deal is expected to close in the fourth quarter of 2013.
Over two thirds of IT professionals believe that hiring ex-hackers to fill cyber security roles could be the answer to filling the vacuum of available talent. 40 per cent of those surveyed said there was a lack of skilled candidates available to fill roles, and protect companies from growing threats. Meanwhile, more than half said they believed their company did not take cyber security serious enough, the research by recruitment firm CWJobs found. Out of the 352 IT professionals questioned, 70 per cent said that demand for security experts was on the increase whilst the vast majority - 95 per cent - said they believe large businesses are in the most need. Famous hackers turn security experts include the current Chief Technology Officer at BeyondTrust, Marc Maiffret, and world-renowned security consultant Kevin Mitnick.