August 9, 2020
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Daily Crunch: Florida teen arrested in Twitter hack – TechCrunch

Daily Crunch: Florida teen arrested in Twitter hack – TechCrunch

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Three celebrities were arrested this month twitter Microsoft may be working on acquiring the TikTok business in the US, and Facebook is releasing licensed music videos. Here is your daily crisis on July 31, 2020.

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Big story: Florida teen arrested on Twitter hack

Earlier this month, hacked Twitter accounts such as Apple, Elon Musk, Barack Obama and Joe Biden were hacked and posted messages promoting the cryptocurrency scheme. Now the FBI and Justice Department investigation has led to three arrestsMason Sheppard from the UK, Nima Faseli from Orlando and a 17-year-old Tampa resident.

The Tampa teen has been described by the state attorney as the “mastermind” of the burglary and has been charged with 30 criminal charges. He allegedly made over $ 100,000 in one day thanks to the hack.

“These crimes were committed using the names of famous people and celebrities, but they are not the main victims here,” Hillsborough State Prosecutor Andrew Warren said in a statement.

Tech giants

Report: Microsoft Negotiates US TikTok Business From Chinese ByteDance – President Trump plans to order Chinese company ByteDance, owner of the popular social networking app TikTok, to abandon the company. Bloomberg,

Secret US Antitrust Investigation Documents Reveal Major Technology Plans To Control Or Suppress Competition – We collected nearly 500 pages of evidence released during the marathon at the House of Justice, with additional context, in the search version.

Facebook To Launch Officially Licensed Music Videos In The US Starting This Weekend – Launch in the US is possible thanks to the expansion of Facebook partnerships with leading labels, including Sony Music, Universal Music Group, Warner Music Group, Merlin, BMG, Kobalt and other independent companies.

Startups, funding and venture capital

Genomics Helix Launch Receives $ 33 Million In NIH Funding To Scale Up COVID-19 Testing – Funding will be used to support Helix’s efforts to scale up COVID-19 testing efforts to reach 100,000 tests per day by the fall.

Independent startup Argo AI is valued at $ 7.5 billion The valuation was confirmed on Thursday, nearly two months after VW Group completed its $ 2.6 billion investment in Argo AI.

The iron rule of founder compensation is dead – The latest episode of Equity discusses the Y Combinator demo day, which will be both virtual and live.

Extra Crunch tips and analysis

Working to understand the stated IPO pricing hopes – News came out last night that Affirm, the famous fintech unicorn, could enter the public markets with a valuation of $ 5 billion to $ 10 billion.

Opportunities (and Challenges) in Church Engineering – Investor Will Robbins argues that this could be the perfect time for church tech companies to flourish.

(Reminder: Extra Crunch is our subscription program that aims to democratize startup information. You can register here.)

All the rest

Ford Bronco bookings exceed 150,000 Admission to Bronco 2021 – Ford’s flagship 4×4 series that was unveiled earlier this month – has surpassed the company’s most optimistic initial forecasts, the Ford CEO said in a profit statement.

What does accountability look like in 2020? – Ray Witte discusses what happens after the company is called.

Daily Crunch is a round-up of TechCrunch’s biggest and most important stories. If you would like this to be delivered to your inbox every day around 3:00 pm PT, you can subscribe here,

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