Apple actions reach an important milestone, the Facebook portal becomes more suitable for work and Twitter reports progress against hate speech. This is your Daily Crunch for August 19th, 2020.
The big story: Apple reaches $ 2 trillion market capApple's stock price has risen about 59% since the start of the year, despite seeing relatively modest revenue growth of 11% year-over-year in its most recent earnings report.
Alex Wilhelm argues that Apple's strong market performance, and the similar strength of other tech giants, is a good thing for startups:
The tech giantsPublic gatherings can help advance IPOs and acquisitions. So today's news that Apple is rich enough to put Croesus to shame means your friendly local startup might be able to close the next round at a price it likes.
The Facebook Portal takes remote working with the BlueJeans, GoToMeeting, Webex, and Zoom apps seriously - all apps will arrive at some point in September for Portal Mini, Portal Standard, and Portal +.
Twitter advocates greater enforcement of hate speech and abuse policies in the latter half of 2019 - The company says its ability to "proactively" detect content violations for human review has helped it to increase the application.
Facebook's top executive in India files criminal complaint against reporter for sharing news report - A review of journalist Awesh Tiwari's post, written in Hindi, notes that it was simply summarizing a recent Wall Street Journal report.
Startups, financing and venture capitalJD.com's 1-Year Health Unicorn Will Receive $ 830 Million From Hillhouse - When Alibaba rival JD.com saw an opportunity in the prescription drug market, it turned its healthcare unit into a subsidiary called JD Health.
Hangar raises $ 15 million for its venture capital firm for government tech startups - Founded by former Bloomberg adviser Josh Mendelsohn, Hangar has already created four activities.
India's First Earth Imaging Satellite Startup Raises $ 5 Million; first launch expected later this year - Once all of the company's small satellites are in orbit, the Pixxel network will be able to provide worldwide imaging capabilities on a daily basis.
Tips and analysis from Extra CrunchMax Levchin looks forward to the next big fintech opportunities - We sat down with Levchin for a recent session of Extra Crunch Live, where he talked at length about what he sees as some of the great opportunities in fintech.
Dear Sophie: How can I transfer my H-1B to my startup? - An employee with H-1B status at a technology company inquires about the implications of founding (and working for) their startup.
Join Twilio's Jeff Lawson for a live Q&A session on Aug 25 at 2:30 pm EDT / 11:30 am PDT - Twilio has grown into a giant, worth over $ 37 billion today after going public in 2016 .
(Reminder: Extra Crunch is our membership subscription program, which aims to democratize information about startups. You can sign up here.)
All the restFearing the coronavirus, a Michigan college tracks its students with a flawed app - the Aura app had at least two security vulnerabilities only discovered after it was launched.
The Scottish spaceport gets full approval, will be able to host up to 12 launches per year - This will be the future launch site for Orbex, a startup looking to develop the UK's first reusable orbital launch vehicle.
At the first ever virtual DNC, Democrats play it safe: the first all-virtual Democratic National Convention is in full swing, but don't expect fireworks.
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