Apple The share reaches a major milestone, the Facebook portal is becoming more work-friendly, and Twitter is reporting progress against hate speech. This is your daily crisis for August 19, 2020.
The big story: Apple reaches a market cap of $ 2 trillion
Apple's share price is up roughly 59% since the start of the year, despite the latest earnings report in its latest earnings report showing relatively modest revenue growth of 11% year over year.
Alex Wilhelm argues that Apple's strong market performance and the similar strength of other tech giants are a good thing for startups:
Public rallies can help drive IPOs and acquisitions. Today's news that Apple is now rich enough to shame Croesus means your friendly, local startup can potentially complete the next round at a price it likes.
The technology giants
Facebook Portal takes remote work with BlueJeans, GoToMeeting, Webex and Zoom apps seriously – all apps will arrive sometime in September for Portal Mini, Standard Portal and Portal +.
Twitter claims to have stepped up enforcement of hate speech and abuse policies in the last half of 2019 – The company claims its ability to "proactively" conduct surface violations for human review has helped improve enforcement.
Top Facebook executive in India files criminal complaint against a journalist for passing on news – A review of journalist Awesh Tiwari's Hindi post found it merely summarized a recent Wall Street Journal report.
Startups, Financing and Venture Capital
JD.com's 1-Year Health Unicorn Receives $ 830 Million From Hillhouse – When Alibaba's rival JD.com saw an opportunity in the prescription drug market, it spun off its health unit into a subsidiary called JD Health.
Hangar raises $ 15 million for its venture studio for state technology startups – founded by former Bloomberg consultant Josh Mendelsohn, Hangar has already founded four companies.
India's first satellite startup with earth imaging brings in $ 5 million. First launch scheduled for later this year – Once all of the company's small satellites are in orbit, the Pixxel network will be able to provide global imaging capabilities on a daily basis.
Advice and analysis of extra crunch
Max Levchin Looking Forward to Fintech's Next Big Opportunity – We recently sat down with Levchin for an Extra Crunch Live session where he talked in depth about some of Fintech's big opportunities.
Dear Sophie, how can I transfer my H-1B to my startup? – An employee with H-1B status in a technology company asks about the effects of starting (and working) their own start-up.
Visit Jeff Lawson of Twilio for a live Q&A on Aug 25 at 2:30 p.m. EDT / 11:30 a.m. PDT – Twilio has grown to be a giant, valued at more than £ 10 today after going public in 2016 Has $ 37 billion.
(Reminder: Extra Crunch is our subscription membership program designed to democratize information about startups. You can sign up here.)
For fear of the coronavirus, a college in Michigan is tracking its students with a buggy app. At least two vulnerabilities were discovered in the Aura app, which were only discovered after its introduction.
The Scottish spaceport receives full approval and can perform up to 12 launches per year. This is the future launch site for Orbex, a startup looking to develop the UK's first reusable launch vehicle.
Democrats play it safe at the very first virtual DNC – the first all-virtual democratic national convention is in full swing, but don't expect fireworks.
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