Fundings and Exits

Equifax stock tumbles 14% after credit score hack

Credit history score enterprise Equifax revealed Thursday that 143 million people today ended up compromised in a cyber attack. Social safety quantities and other personally identifying data ended up accessed.

And guess what, the inventory market place didn’t like it! The company misplaced about $2 billion in market place cap Friday immediately after tumbling practically 14%. 

Seemingly, the company has recognized about the hack considering the fact that July 29, still the community was just notified yesterday. I’m absolutely sure its inventory buyers will have a lot of queries about the absence of disclosure.

We talked about all this and additional on TechCrunch’s most current “Equity” podcast, joined by Ilya Fushman, common spouse at Index Ventures.

Click on the participant over or check out us out on iTunes. 

Showcased Graphic: Adam Gault/Getty Visuals

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