A Twitter hack hits the platform’s most famous users, Netflix gets a co-CEO and Revel’s mopeds are coming to San Francisco. Here’s your Daily Crunch for July 16, 2020. The big story: High-profile Twitter accounts hacked in crypto scam This was a crazy one: The Twitter accounts of Apple, Elon Musk, Joe Biden and many,
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Tiffany Ou is the General Manager, Americas at a href=”https://www.nativex.com/”>Nativex, where she leads go-to-market strategies for leading game and app developers. TikTok is a rising star in the social media category. Since its launch three years ago, the company has secured 800 million active users worldwide. That makes TikTok ninth in terms of social network
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Instagram confirmed it’s preparing to soon launch its TikTok competitor, known as Reels, in the U.S. The company expects to bring the new video feature — which is designed specifically for short-form, creative content — to its platform in early August, according to a spokesperson. The U.S. launch comes shortly after Reels’ arrival in India
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Nextdoor is launching a new feature called Sell for Good, allowing users to sell items on the neighborhood-focused social network and donate the proceeds to local nonprofits. CEO Sarah Friar said that since the pandemic started, conversations about donations have increased 7x on Nextdoor . “Communities are hurting,” Friar said. “People are looking to go
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Australian-based hardware startup Espresso Displays has taken a category with a lot of relatively unremarkable, but functional entrants, and added features, as well as design and quality improvements to set itself apart from the crowd. The Espresso Display offers a portable form factor for easy packing, magnetic mounting, single cable operation via USB-C with a
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Qumulo, a Seattle storage startup helping companies store vast amounts of data, announced a $125 million Series E investment today on a $1.2 billion valuation. BlackRock led the round with help from Highland Capital Partners, Madrona Venture Group, Kleiner Perkins and new investor Amity Ventures. The company reports it has now raised $351 million. CEO
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“Helping navigate the elusiveness of product market fit” is how Sanjiv Sanghavi, the co-founder of ClassPass and itinerant startup executive, describes his roles at different companies.  From ClassPass through Knotel, Sanghavi has shepherded several businesses to growth and over a billion dollars in valuations; now he’s looking to bring that branding and marketing savvy to
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Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg, with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies, including Tesla. Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014.
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Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion acquisition of the residential solar installation company Vivint Solar, Sunrun looks to solidify its place
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