Fallout continues from this week’s huge Twitter hack, podcaster Harry Stebbings launches a small VC fund and robots assist with sorting the mail. Here’s your Daily Crunch for July 17, 2020.
The huge story: More particulars emerge in Twitter hack
As we recapped in yesterday’s e-newsletter, quite a lot of high-profile Twitter accounts had been hacked earlier this week as a part of what seemed to be a cryptocurrency rip-off. So how dangerous was it?
“We don’t have any proof that attackers accessed passwords,” the corporate mentioned. “Currently, we don’t imagine resetting your password is important.”
However, Twitter didn’t touch upon whether or not hackers had been capable of entry customers’ direct messages. Senator Ron Wyden criticized the corporate for failing to end-to-end encrypt DMs: “While it nonetheless isn’t clear if the hackers behind yesterday’s incident gained entry to Twitter direct messages, this can be a vulnerability that has lasted for a lot too lengthy, and one that isn’t current in different, competing platforms.”
The tech giants
Apple opens one other megastore in China amid William Barr criticism — Apple opened a brand new retailer in Beijing’s upscale buying district Sanlitun, doubling the scale of the earlier retailer in that location.
Federal court docket guidelines WhatsApp and Facebook’s malware exploit case in opposition to NSO Group can proceed — Last October, WhatsApp and its dad or mum firm Facebook filed a criticism alleging that NSO Group exploited an audio-calling vulnerability within the messaging app to ship malware to about 1,400 cellular gadgets.
Startups, funding and enterprise capital
Give us your seed spherical and we are going to ship again double — The newest episode of Equity discusses funding rounds for Macro, The Browser Company and LiteBoxer.
From Twenty Minute VC to 20VC, Harry Stebbings launches a micro VC off the again of his widespread podcast — The plan for Stebbings’ new $eight million fund is to put money into U.S. startups throughout numerous phases alongside “tier 1” co-investors.
Marketing, PR and model constructing, oh my! TechCrunch Early Stage goes down July 21 and 22 — At subsequent week’s digital occasion, we’ll hear from among the world’s prime minds within the fields of selling and model constructing.
Advice and evaluation from Extra Crunch
Extension rounds assist some startups play offense throughout COVID-19 — A latest flurry of extension rounds for warm startups like Stripe and Robinhood means that this funding sort has out of the blue develop into cool.
Former Spotify advertising exec-turned-VC Sophia Bendz on her love of early-stage investing — Bendz lately joined Berlin’s Cherry Ventures to concentrate on startups within the Nordic area.
Assessing the potential for a gig economic system in schooling — Entrepreneur and investor Rish Joshi appears at platforms that would assist lecturers ship extra personalised studying.
(Reminder: Extra Crunch is our subscription membership program, which goals to democratize details about startups. You can enroll right here.)
SpaceX and NASA concentrating on August 1 for Crew Dragon return journey with astronauts on board — SpaceX’s Crew Dragon capsule has been docked on the International Space Station since its first crewed launch in May. Now it’s on the point of make its return journey.
FedEx is using robotic arms to kind packages at a Memphis facility — In March, FedEx put in a quartet of robotic arms from Yaskawa America and Plus One, with the purpose of serving to to kind the huge numbers of parcels that cross by way of its Memphis facility.
Play the prologue of ‘Linda & Joan,’ a online game in regards to the worst yr of its creator’s life — The full sport isn’t due till 2022, however you may get a peek at what a online game about grief may appear like.
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