Fallout continues this week's big Twitter Hack, podcaster Harry Stebbings launches a small VC fund and robots help sort the mail. Here is your daily crisis for July 17, 2020.
The big story: Further details appear in the Twitter hack
As we summarized in yesterday's newsletter, some high profile Twitter accounts were hacked earlier this week as part of an apparent cryptocurrency scam. How bad was it
"We have no evidence that attackers have accessed passwords," the company said. "We don't currently believe that you need to reset your password."
However, Twitter did not comment on whether hackers could access users' direct messages. Senator Ron Wyden criticized the company for not consistently encrypting DMs: “While it is still not clear whether the hackers behind yesterday's incident got access to Twitter direct messages, this is a security vulnerability that lasts far too long . and one that doesn't exist on other competing platforms. "
The technology giants
Apple opens another megastore in China under the criticism of William Barr – Apple opened a new store in Beijing's upscale Sanlitun shopping district, doubling the size of the previous store at that location.
The federal court ruled that the WhatsApp and Facebook malware exploit against the NSO Group could continue. Last October, WhatsApp and its parent company Facebook filed a complaint alleging that the NSO Group exploited an audio call vulnerability in the messaging app to send malware to approximately 1,400 mobile devices.
Startups, funding and venture capital
Give us your starting lap and we will send you back double. The latest episode of Equity discusses funding rounds for Macro, The Browser Company, and LiteBoxer.
From Twenty Minute VC to 20VC, Harry Stebbings starts a micro-VC on the back of his popular podcast. The plan for Stebbings' new $ 8 million fund is to invest in US startups in various phases together with tier 1 co-investors.
Marketing, PR and brand building, oh my god! theinformationsuperhighway Early Stage ends July 21st and 22nd – At next week's virtual event, we'll hear from some of the world's best minds in marketing and branding.
Advice and analysis of extra crunch
Extension rounds help some startups take offense during COVID-19 – A series of extension rounds for hot startups like Stripe and Robinhood suggests that this type of investment has suddenly become cool.
Former Spotify Marketing Director, VC-Sophia Bendz, on her penchant for early-stage investments – Bendz recently joined Cherry Ventures in Berlin to focus on startups in the Nordic region.
Assessing the Potential for a Gig Economy in Education – Entrepreneur and investor Rish Joshi is exploring platforms that could help teachers make more personal learning possible.
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SpaceX and NASA are planning August 1st for the return of the Crew Dragon with astronauts on board – the SpaceX Crew Dragon capsule has been docked with the crew since the first launch in May at the International Space Station. Now it is getting ready for the return journey.
FedEx uses robotic arms to sort packages in a facility in Memphis. In March, FedEx installed a quartet of robotic weapons from Yaskawa America and Plus One to sort the large number of packages that go through the Memphis facility.
Play the prologue of "Linda & Joan", a video game about the worst year in its creator's life – the full game is not due until 2022, but you can take a look at what a video game about grief might look like.
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