Published On: Sat, Aug 1st, 2020

Daily Crunch: Florida teen arrested in Twitter hack

Three arrests are done following this month’s luminary Twitter hack, Microsoft competence be operative to acquire TikTok’s U.S. business and Facebook launches protected song videos. Here’s your Daily Crunch for Jul 31, 2020.

The large story: Florida teen arrested in Twitter hack

In a penetrate progressing this month, high-profile Twitter accounts like Apple, Elon Musk, Barack Obama and Joe Biden were compromised and posted messages compelling a cryptocurrency scheme. Now an review by a FBI and Department of Justice has resulted in 3 arrests: Mason Sheppard of a United Kingdom, Nima Fazeli of Orlando and a 17-year-old Tampa resident.

The Tampa teen was described by a state attorney’s bureau as a hack’s “mastermind” and is confronting 30 transgression charges. He allegedly done some-more than $100,000 in a singular day interjection to a hack.

“These crimes were perpetrated regulating a names of famous people and celebrities, though they’re not a primary victims here,” pronounced Hillsborough State Attorney Andrew Warren in a statement.

The tech giants

Report: Microsoft in talks to buy TikTok’s US business from China’s ByteDance — President Trump has skeleton to sequence China’s ByteDance, a owners of strike amicable video app TikTok, to deprive from a company, according to Bloomberg.

Secret papers from US antitrust examine exhibit large tech’s tract to control or vanquish a foe — We’ve collected a scarcely 500 pages of justification done open during a House Judiciary’s marathon hearing, with combined context, in a searchable version.

Facebook will launch strictly protected song videos in a US starting this weekend — The U.S. launch is enabled by Facebook’s stretched partnerships with tip labels, including Sony Music, Universal Music Group, Warner Music Group, Merlin, BMG, Kobalt and other independents.

Startups, appropriation and try capital

Genomics startup Helix receives $33 million in NIH appropriation to scale COVID-19 contrast — The appropriation will be used to support Helix’s efforts to scale a COVID-19 contrast efforts, with a aim of achieving a rate of 100,000 tests per day by this fall.

Self-driving startup Argo AI hits $7.5 billion gratefulness — The gratefulness was reliable Thursday, scarcely dual months after VW Group finalized a $2.6 billion investment in Argo AI.

The iron order of owner remuneration is passed — The latest part of Equity discusses Y Combinator Demo Day going both practical and live.

Advice and research from Extra Crunch

Working to know Affirm’s reported IPO pricing hopes — News pennyless final night that Affirm, a obvious fintech unicorn, could proceed a open markets during a gratefulness of $5 to $10 billion.

Opportunities (and challenges) in church tech — Investor Will Robbins argues that this competence be a ideal time for church tech companies to thrive.

(Reminder: Extra Crunch is a subscription membership program, that aims to democratize information about startups. You can pointer adult here.)

Everything else

Ford Bronco reservations transcend 150,000 — The accepting to Bronco 2021 — Ford’s flagship array of 4×4 vehicles that was suggested progressing this month — surpassed a company’s many confident initial projections, Ford’s CEO pronounced in an gain call.

What does burden demeanour like in 2020? — Rae Witte discusses what happens after a association gets called out.

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