A Twitter hack strikes the platforms most famous users, Netflix gets a co-CEO and Revels mopeds are concerning San Francisco. Heres your Daily Crunch for July 16, 2020.
The big story: High-profile Twitter accounts hacked in crypto scam
Suggestions and analysis from Extra Crunch.
Start-ups, financing and venture capital.
Not surprisingly, Twitters stock took a hit, and the business will probably be dealing with the fallout for weeks or months to come. (One of the initial actions involved locking accounts that just recently changed their passwords.).
This was an insane one: The Twitter accounts of Apple, Elon Musk, Joe Biden and numerous, numerous others were compromised yesterday, publishing messages with the address of a bitcoin wallet, assuring that any payments would be doubled and sent back.
Activ Surgical raises $15 million to advance collective and self-governing robotic surgery– The startup gears up surgical equipment with sensing units, with the information used to assist surgeons and surgical systems.
Ted Sarandos called co-CEO at Netflix– The announcement comes as the company included more than 10 million new customers in its newest quarter.
Revel lands permit to bring hundreds of electric mopeds to San Francisco– Ive been seeing Revels mopeds all over New York City, and now theyve got approval to introduce in SF.
Why specific VC investors make terrific Founder NPS scores– Danny Crichton learnt more than 1,200 founder recommendations for VCs while preparing The TechCrunch List. In this post, he shares a few of the common themes.
Apparently a hacker used an internal Twitter administrative tool to acquire access to all of these accounts. The business explained this as “a collaborated social engineering attack by individuals who successfully targeted a few of our staff members with access to internal systems and tools.”
Monzo releases brand-new Monzo Plus with software features it hopes users will wish to spend for– The brand-new functions include third-party bank account aggregation, virtual debit cards, custom-made deal classifications, spreadsheet export and credit report updates.
Uber acquires Routematch as it drives much deeper into public transit in hunt for SaaS income– Routematch, which supplies software to transit firms, will continue operations with CEO Pepper Harward at the helm.
The tech giants.
Instagram releases its redesigned Shop, now powered by Facebook Pay– Instagram Shop is a method to purchase items from creators and brands, along with curated collections from the businesss @shop account, all within the Explore section.
8 edtech investors talk re-skilling, digital universities, ISAs and other post-pandemic patterns– Weve spoken with financiers about how COVID-19 has reshaped edtech and education, however what happens after the pandemic?
Video game designer poll recommends longer hours and less efficiency as the market adapts to remote work– Among developers surveyed by GDC, 32% discovered themselves being less productive, in spite of working longer hours.
VC Josh Stein talks power characteristics: I do not think this has been a mustache-twisting moment for investors– Hot start-up creators might not have rather as much leverage as they did before the pandemic– but Threshold Ventures Stein said he isnt trying to rub it in.
Europes leading court overrules flagship EU-US data transfer system– The decision has implications for U.S. agencies interested in digital monitoring, as well as web business like Facebook.
VPN service providers reconsider Hong Kong servers after Chinas security law– Hong Kong may lose its status as a sanctuary for information.
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