Twitter hack hits the platform's most famous users, Netflix gets a co-CEO and Revel's mopeds arrive in San Francisco. Here is your daily crisis of July 16, 2020.
The big story: high-level Twitter accounts hacked into a crypto scamIt was crazy: Twitter accounts from Apple, Elon Musk, Joe Biden and many, many others were compromised yesterday, posting messages with the address of a Bitcoin wallet, promising that all payments would be doubled and returned.
Apparently, a hacker used an internal Twitter administration tool to access all of these accounts. The company described this as "a social engineering attack coordinated by people who have successfully targeted some of our employees with access to internal systems and tools."
Unsurprisingly, Twitter's action has taken a hit, and the company will likely face fallout in the weeks or months to come. (One of the first responses was to lock out accounts that recently changed their passwords.)
The tech giantsTed Sarandos named co-CEO of Netflix - The announcement comes as the company added more than 10 million new subscribers in its last quarter.
Instagram launches its redesigned store, now powered by Facebook Pay - The Instagram store is a way to buy products from brands and designers, as well as collections organized from the company's @shop account, all in the Explore section.
Uber acquires Routematch as it deepens transit for SaaS revenue - Routematch, which provides software to transportation agencies, will continue with CEO Pepper Harward at the helm.
Startups, financing and venture capitalRevel lands bring hundreds of electric mopeds to San Francisco - I've seen Revel mopeds all over New York City, and now they have permission to launch at SF.
Activ Surgical raises $ 15 million to advance autonomous and collaborative robotic surgery - The startup equips surgical equipment with sensors, with the data used to guide surgeons and surgical systems.
Monzo launches new Monzo Plus with software features it hopes users will want to pay - New features include aggregation of third-party bank accounts, virtual debit cards, custom transaction categories, export of sheets calculation and updates of credit scores.
Extra Crunch tips and analysisWhy Some Venture Capital Investors Get Excellent "NPS Founder" Scores - Danny Crichton read over 1,200 founder recommendations for venture capitalists while preparing the TipsClear list. In this post, he shares some of the common themes.
8 edtech investors talk about recycling, digital universities, ISA and other post-pandemic trends - We talked to investors about how COVID-19 has reshaped edtech and education, but what's going on after the pandemic?
VC Josh Stein talks about power dynamics: " I don't think it was a mustache twist for investors " - Founders of hot startups may not have as much of an effect leverage that before the pandemic - but Stein from Threshold Ventures said he wasn't trying to rub it.
(Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can register here.)
Everything elseGame developer survey suggests longer hours and lower productivity as industry adapts to remote work - 32% of developers surveyed by GDC were less productive, despite longer hours long.
VPN providers are rethinking Hong Kong's servers after Chinese security law - Hong Kong could lose its paradise for data centers.
Europe's highest court cancels flagship EU-US data transfer mechanism - The decision has implications for US agencies interested in digital surveillance, as well as for Internet companies like Facebook.
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