Tic knock fights US ban, Twitter takes action against another Trump tweet, and Unity files go public. This is your Daily Crunch for August 24, 2020.
The big story: TikTok sues the US governmentTikTok is battling the Trump administration's decision to ban the popular video app in the US market (unless it is sold to a US buyer). The company filed a lawsuit today claiming the president's executive order was signed without evidence or due process.
In its lawsuit, the company argued:
The tech giantsThe executive order seeks to ban TikTok allegedly due to the speculative possibility that the application could be manipulated by the Chinese government. But, as the U.S. government is well aware, plaintiffs have taken extraordinary measures to protect the privacy and data security of U.S. TikTok users, including by having TikTok store such data outside of China (in the U.S. and Singapore) and erecting software barriers that help ensure that TikTok stores its user data in the United States separately from the user data of other ByteDance products.
Twitter hides Trump's tweet behind a warning to dissuade people from voting - In the tweet, released on Monday, Trump said the mailboxes are a "disaster for voter safety" and also claimed that "they are not disinfected. from COVID ".
Zoom on meetings affected by disruption - Don't worry, the disruption has been resolved.
Facebook has to pay $ 125 million in back taxes in France - French tax authorities raided Facebook's offices in Paris in 2012 and subsequently opened an investigation into the unpaid taxes that covered business between 2009 and 2018.
Startups, financing and venture capitalSequoia Strikes Gold With Unity IPO Unveiling - After much anticipation, video game engine Unity submitted its S-1 form to the SEC as it prepares a roadshow to go public in the coming weeks.
SugarCRM Acquires Node to Gain Predictive Customer Intelligence - The acquisition will add a customer prediction element to Sugar's platform.
With $ 11 million in fresh capital, Bolt Bikes changes the brand to Zoomo - the new name is meant to reflect a customer base that has expanded beyond gig economy workers to include corporate customers and everyday consumers.
Tips and analysis from Extra CrunchFive VCs discuss how no-code is going horizontally across sectors of the world - Few topics garner cheers and groans as quickly as the no-code software explosion.
Red Antler's Emily Heyward explains how to get people obsessed with your brand: Heyward's branding company has worked with some of the most iconic startups of the last decade, such as Casper, Allbirds, Brandless and Prose.
Unpacking Sumo Logic S-1 File - The company is showing strong growth for a business now comfortably in the nine-figure annual revenue bracket.
(Reminder: Extra Crunch is our membership subscription program, which aims to democratize information about startups. You can sign up here.)
All the restConan is coming to Disrupt 2020 - Conan O'Brien will discuss his shift to podcasting and more.
Original Content Podcasts: In Netflix's "Selling Sunset," Everyone Is Bad - Speaking of podcasts, we have a review of Netflix's evil but compelling reality show "Selling Sunset".
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