Friday, February 10, 2023

Sources say Times Internet plans to sell Indian streaming platform MX Player to Amazon 

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Friday, February 10, 2023

It's Friday, and we're slumping back in our office chairs with a hot cup of coffee after a week that's been as slow as mid-winter molasses.

For Black History Month, we are in awe of the story of Sojourner Truth, who was an American abolitionist and women's rights activist. Born into slavery, she escaped with her infant daughter and became the first Black woman to successfully sue for a family member's freedom in 1828. To learn more about her, this Ted-Ed mini documentary is a great place to start, and if you want to go deeper, don't miss the stirring biography by Patricia and Frederick McKissack.

Christine and Haje

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Image Credits: Oleksiy Mark / Shutterstock

The TechCrunch Top 3

  • Game on: Amazon is in talks to acquire Indian video streaming giant MX Player from Times Internet, Manish reports. He writes that the video app is "popular for supporting a wide range of video formats and reliability on low-cost Android smartphones, has expanded to original content in recent years and has amassed more than 300 million users globally."
  • Gone phishing: Reddit confirmed that hackers accessed its internal data in what it is calling "a sophisticated phishing attack" that targeted its employees, Carly writes. The company said the attack gave hackers access to documents and source code.
  • And, just as quickly as it came, it left: Five days ago, India banned over 90 apps, some associated with China, related to lending. Today, Manish writes that this ban on apps, like PayU's LazyPay, Kissht, KreditBee and Indiabulls' Home Loans, was lifted.

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Startups and VC

It's been a pretty slow day on the news front today — I think everyone has a case of the Fridays today. Here's a few of the stories worth taking a closer look at, though:

How to manage third-party cybersecurity risks that are too costly to ignore

Every early-stage startup relies on third-party vendors to handle some aspect of their operations: No one wants to build a shopping cart, credit card processing or ID verification app from scratch.

But now that third-party data breaches are a regular occurrence, teams need to make managing that risk a part of their day-to-day operations, writes Jon Siegler, co-founder and chief product officer of LogicGate.

"No matter how well you clean things up, the reputational hit to your organization will continue to cost you in lost business down the road," he writes.

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

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How to manage third-party cybersecurity risks that are too costly to ignore image

Image Credits: Aleksandr Zubkov / Getty Images

Big Tech Inc.

Connected automotive company Otonomo is being acquired by Urgently in a reverse merger, Ingrid reports. Otonomo went public in a 2021 SPAC, at the time valued at $1.4 billion, but that has since dipped to $70 million. Ingrid writes, "It's been a bumpy road for smart mobility technology — with macroeconomic pressures, the slower development and rollouts of next-generation technology like autonomous systems and the cooling tech investing market all making it harder for younger businesses to sustain and grow their businesses. Otonomo is perhaps the latest casualty in that pile-up, but it may not be the last."

If you're into classic games, one of our popular stories from late yesterday was Sarah's about a remastered, free-to-try version of Myst arriving on iOS.

And we have five more for you:

Read more stories on TechCrunch.com

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Thursday, February 9, 2023

Atlassian offers Jira Product Discovery in open beta release

TechCrunch Newsletter
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The Daily Crunch logo

By Christine Hall and Haje Jan Kamps

Thursday, February 09, 2023

Bonjour, crunchy folks!

It was a bit of a tense morning at TechCrunch HQ this morning: The news broke that the company that owns TechCrunch, Yahoo, announced it is laying off 20% of its staff, as Amanda reported. It seems the layoffs are mostly on the advertising tech side of the business, so hopefully the TechCrunch team's jobs are safe — but this is tech layoffs hitting really close to home, with 1,600 coworkers shuffling on to new pastures. May you all find new employment opportunities soon, colleagues!

Our featured Black History Month read today is bell hooks' Yearning: Race, Gender, and Cultural Politics, a collection of her early cultural criticism pieces from the 1980s. It's an amazing collection of essays about the oppressive structures of domination. It's also really bloody depressing to realize how much of this is still relevant today, 30 to 40 years after the essays were first penned.

Christine and Haje

 image

Image Credits: Karen Dias/Bloomberg / Getty Images

The TechCrunch Top 3

  • Safe and sound: DoorDash unveiled some new safety features for its delivery drivers that include reduced notifications and a way to let customers know that the driver is in the middle of a trip. Ivan has more.
  • Look what's in open beta: Atlassian's Jira Product Discovery, a tool for helping engineering and business teams prioritize and collaborate on new product ideas, is expected to be open to a general audience in the next three months, Frederic writes.
  • Flying high: Haje explains the features of the new DJI Mini 2 SE ultraportable drone and why he's confused about the naming of this particular product.

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Startups and VC

Over 90% of cybercrime activities that lead to financial fraud or identity theft start with an email impersonation, commonly known as phishing and spoofing, Tage reports. Sendmarc just raised $7 million in Series A funding to offer individuals and businesses email protection from such attacks and general email impersonation.

Remember the piece we published about how a feature doesn't make a business? Twitter said that the basic API tier will cost $100 per month, killing off hopes of hobbyist Twitter bots and a bunch of small business use cases, Ivan reports.

Today was a hell of a day of news on the site, so instead of our usual five, we've got seven stories for you, ranging from fintech to NFTs to mushroomy meat (or meaty mushrooms).

4 video content tips for your startup's growth marketing

If your marketing plan doesn’t include TikTok, YouTube Shorts, or Instagram Reels, well, can you really call it a marketing plan?

Video content is vital for driving early engagement, which is why growth expert Jonathan Martinez (formerly of Postmates, Uber and Chime) shares four tactics for getting started:

  • Leverage creator marketplaces
  • Produce short-form videos
  • Build lasting creator relationships
  • Cross-pollinate your videos

“If you're entering 2023 without a video content plan for your startup, you will be missing out on a significant resource for creating brand awareness and reaching more consumers,” writes Martinez.

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

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Image Credits: ronstik / Getty Images

Big Tech Inc.

Well, as you read from our introduction, we are reeling from Yahoo's announcement that it is laying off 20% of staffAmanda has more on that. But that was not the only bad news hitting the tech scene today: Frederic reports that GitHub, owned by Microsoft, is laying off 10% of its workers through the end of its fiscal year and going fully remote. Meanwhile, Paul writes that developer operations giant GitLab is cutting its employee base by 7%.

And we have four more for you:

Read more stories on TechCrunch.com

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