Three arrests are made following this month’s celeb Twitter hack, Microsoft could also be working to accumulate TikTok’s U.S. enterprise and Facebook launches licensed music movies. Here’s your Daily Crunch for July 31, 2020.
The large story: Florida teen arrested in Twitter hack
In a hack earlier this month, high-profile Twitter accounts like Apple, Elon Musk, Barack Obama and Joe Biden had been compromised and posted messages selling a cryptocurrency scheme. Now an investigation by the FBI and Department of Justice has resulted in three arrests: Mason Sheppard of the United Kingdom, Nima Fazeli of Orlando and a 17-year-old Tampa resident.
The Tampa teen was described by the state lawyer’s workplace because the hack’s “mastermind” and is going through 30 felony prices. He allegedly made greater than $100,000 in a single day due to the hack.
“These crimes were perpetrated using the names of famous people and celebrities, but they’re not the primary victims here,” mentioned Hillsborough State Attorney Andrew Warren in a press release.
The tech giants
Report: Microsoft in talks to buy TikTok’s US business from China’s ByteDance — President Trump has plans to order China’s ByteDance, the proprietor of hit social video app TikTok, to divest from the corporate, in response to Bloomberg.
Secret documents from US antitrust probe reveal big tech’s plot to control or crush the competition — We’ve collected the practically 500 pages of proof made public in the course of the House Judiciary’s marathon listening to, with added context, in a searchable model.
Facebook will launch officially licensed music videos in the US starting this weekend — The U.S. launch is enabled by Facebook’s expanded partnerships with prime labels, together with Sony Music, Universal Music Group, Warner Music Group, Merlin, BMG, Kobalt and different independents.
Startups, funding and enterprise capital
Genomics startup Helix receives $33 million in NIH funding to scale COVID-19 testing — The funding will likely be used to help Helix’s efforts to scale its COVID-19 testing efforts, with the goal of reaching a charge of 100,000 assessments per day by this fall.
Self-driving startup Argo AI hits $7.5 billion valuation — The valuation was confirmed Thursday, practically two months after VW Group finalized its $2.6 billion funding in Argo AI.
The iron rule of founder compensation is dead — The newest episode of Equity discusses Y Combinator Demo Day going each digital and reside.
Advice and evaluation from Extra Crunch
Working to understand Affirm’s reported IPO pricing hopes — News broke final night time that Affirm, a widely known fintech unicorn, might strategy the general public markets at a valuation of $5 to $10 billion.
Opportunities (and challenges) in church tech — Investor Will Robbins argues that this may be the right time for church tech firms to thrive.
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Ford Bronco reservations surpass 150,000 — The reception to Bronco 2021 — Ford’s flagship sequence of 4×Four automobiles that was revealed earlier this month — surpassed the corporate’s most optimistic preliminary projections, Ford’s CEO mentioned in an earnings name.
What does accountability look like in 2020? — Rae Witte discusses what occurs after an organization will get known as out.
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