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Twitter says some business users had their private data exposed

Daily Crunch: Twitter hacked in crypto scam

A Twitter hack hits the platform’s most well-known customers, Netflix will get a co-CEO and Revel’s mopeds are coming to San Francisco. Here’s your Daily Crunch for July 16, 2020.

The massive story: High-profile Twitter accounts hacked in crypto rip-off

This was a loopy one: The Twitter accounts of Apple, Elon Musk, Joe Biden and plenty of, many others have been compromised yesterday, posting messages with the handle of a bitcoin pockets, promising that any funds can be doubled and despatched again.

Apparently a hacker used an inner Twitter administrative software to realize entry to all of those accounts. The firm described this as “a coordinated social engineering assault by individuals who efficiently focused a few of our staff with entry to inner methods and instruments.”

Not surprisingly, Twitter’s inventory took successful, and the corporate will most likely be coping with the fallout for weeks or months to return. (One of the preliminary responses concerned locking accounts that lately modified their passwords.)

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The tech giants

Ted Sarandos named co-CEO at Netflix — The announcement comes as the corporate added greater than 10 million new subscribers in its most up-to-date quarter.

Instagram launches its redesigned Shop, now powered by Facebook Pay — Instagram Shop is a manner to purchase merchandise from manufacturers and creators, in addition to curated collections from the corporate’s @store account, all throughout the Explore part.

Uber acquires Routematch because it drives deeper into public transit in hunt for SaaS income — Routematch, which gives software program to transit businesses, will proceed operations with CEO Pepper Harward on the helm.

Startups, funding and enterprise capital

Revel lands allow to deliver tons of of electrical mopeds to San Francisco — I’ve been seeing Revel’s mopeds throughout New York City, and now they’ve obtained approval to launch in SF.

Activ Surgical raises $15 million to advance autonomous and collaborative robotic surgical procedure — The startup equips surgical gear with sensors, with the info used to information surgeons and surgical methods.

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Monzo launches new Monzo Plus with software program options it hopes customers will wish to pay for — The new options embrace third-party checking account aggregation, digital debit playing cards, customized transaction classes, spreadsheet export and credit score rating updates.

Advice and evaluation from Extra Crunch

Why sure VC buyers earn nice ‘Founder NPS’ scores — Danny Crichton learn greater than 1,200 founder suggestions for VCs whereas getting ready The TechCrunch List. In this publish, he shares among the frequent themes.

eight edtech buyers speak re-skilling, digital universities, ISAs and different post-pandemic tendencies — We’ve talked to buyers about how COVID-19 has reshaped edtech and schooling, however what occurs after the pandemic?

VC Josh Stein talks energy dynamics: ‘I don’t suppose this has been a mustache-twisting second for buyers’ — Hot startup founders could not have fairly as a lot leverage as they did earlier than the pandemic — however Threshold Ventures’ Stein mentioned he isn’t attempting to rub it in.

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(Reminder: Extra Crunch is our subscription membership program, which goals to democratize details about startups. You can join right here.)

Everything else

Game developer ballot suggests longer hours and fewer productiveness because the trade adapts to distant work — Among builders surveyed by GDC, 32% discovered themselves being much less productive, despite working longer hours.

VPN suppliers rethink Hong Kong servers after China’s safety regulation — Hong Kong could lose its standing as a haven for knowledge facilities.

Europe’s high court docket strikes down flagship EU-US knowledge switch mechanism — The choice has implications for U.S. businesses focused on digital surveillance, in addition to web corporations like Facebook.

The Daily Crunch is TechCrunch’s roundup of our greatest and most vital tales. If you’d wish to get this delivered to your inbox each day at round 3pm Pacific, you’ll be able to subscribe right here.

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