| | Friday, October 04, 2019 • By Anthony Ha | |
Happy Friday Facebook faces government pressure to pull back its end-to-end encryption plans, scooter startup Bird is now valued at $2.5 billion and Instagram launches an app for close friends. Here’s your Daily Crunch for October 4, 2019. | | | |
U.S. Attorney General William Barr, acting U.S. Homeland Security Secretary Kevin McAleenan, U.K. Home Secretary Priti Patel and Australia's minister for home affairs, Peter Dutton, have co-signed an open letter to Facebook calling on the company to halt its plan to roll out end-to-end encryption across its suite of messaging products. Facebook isn’t the only messaging company using end-to-end encryption, but it's in governments' crosshairs on account of a plan to expand its use of e2e crypto. Read more | | | | |
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The scooter startup’s new round comes a few months after TechCrunch reported Bird was looking to raise a Series D round at a $2.5 billion valuation. Read more | | | |
What if Instagram could automatically tell your Close Friends you're home, working, on-the-move or chilling and might want to hang out? That's the idea behind its new companion app Threads. Read more | | | | |
"What public markets do is indeed the great reckoning,” Benioff said while onstage at Disrupt SF. “But it cleanses [a] company of all of the bad stuff that they have." Read more | | | |
HVSD (named after renowned physicist and electrical engineer Oliver Heaviside) is an electric aircraft designed to go anywhere and land anywhere fast and quietly. Sebastian Thrun’s aviation startup has been working on the aircraft for two years. Read more | | Image Credits: Kitty Hawk/Photo www.krischeng.com | | |
This isn’t really a new ban, but rather a reiteration of an existing one. The company says it won’t allow ads supporting a candidate, political party or issue, because they don’t fit with the “light-hearted and irreverent feeling” that the app is aiming for. Read more | | | |
An Indian startup that is increasingly posing a threat to established food and grocery delivery businesses, as well as to e-commerce giants, just closed a new financing round. Read more | | | |
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