Monday, December 18, 2023

Hackers steal Mr. Cooper customer info

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By Kyle Wiggers

Monday, December 18, 2023

Hackers don’t take holiday vacations. In today’s top story, Zack writes about how criminals stole the sensitive personal information of over 14.6 million customers of Mr. Cooper, the mortgage and loan giant. In a filing with Maine's attorney general's office, Mr. Cooper said the hackers stole customer names, addresses, dates of birth and phone numbers, as well as customer Social Security numbers and bank account numbers. Yikes.

In equally dramatic news during what this writer foolishly assumed would be a relatively quiet morning leading up to the holidays, Apple preemptively halted sales of the Apple Watch Series 9 owing to a patent dispute with California-based med tech firm Masimo. Masimo alleges that Apple violated its IP around blood sensor monitors; Brian has the full story.

And on TechCrunch+, Rebecca covers the Adobe-Figma breakup (Adobe, if you hadn’t heard, earlier today called off its deal to acquire Figma for $20 billion) and explores how it might impact startup exits elsewhere. Read more.

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Image Credits: Michael Nagle / Bloomberg / Getty Images

More top reads

Adobe and Figma part ways: Adobe has ended its plan to acquire Figma in light of intensifying regulatory headwinds in Europe. The tech giant will be on the hook for a $1 billion termination fee. Read more.

IBM makes two big buys: IBM is doling out €2.13 billion ($2.3 billion) to acquire two data integration assets from Germany-based enterprise software company Software AG: StreamSets and webMethods. Learn more.

New SEC disclosure rules: Starting today, publicly owned companies operating in the U.S. must comply with a new set of rules requiring them to disclose “material” cyber incidents within 96 hours. See the details here.

EV founder found guilty: Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. Learn more.

Lawmakers eye iMessage: Apple's move to cut off Beeper, the app that brought iMessage to Android users, has caught the attention of a bipartisan group of U.S. lawmakers, who are asking the U.S. Department of Justice to investigate. Read more.

X faces probe: X, formerly known as Twitter, is now the subject of an investigation under the European Union’s Digital Services Act over illegal content risks, moderation, transparency and deceptive UX design. Read more.

Flipboard embraces ActivityPub: Social magazine app Flipboard is announcing that it’s integrated with the open networking protocol ActivityPub, following on the heels of Instagram Threads. Read about what that means.

Apple pilots new subscription pricing: Apple has started experimenting with a feature on the App Store that allows developers to bundle subscriptions for two apps at a discounted price. Learn more.

BNPL star: Tamara, a buy now, pay later platform for consumers in Saudi Arabia and the wider Gulf Cooperation Council region, has raised $340 million in a financing round that values the fintech at $1 billion. Read more.

MongoDB security incident: In other hack-related news, database management giant MongoDB says it's investigating a security incident that’s resulted in the exposure of some information about customers. Learn more.

Vans, Supreme, North Face orders impacted: VF Corporation, the U.S.-based owner of apparel brands, including Vans, Supreme and The North Face, has confirmed that a cyberattack impacted the company's ability to fulfill orders ahead of Christmas — one of the biggest retail events of the year. Read more.

Six more stories you should read: 

Jumia quit food delivery because of deep-pocketed 'aggressive' rivals, CEO says

Meltwater, the media monitoring startup, gets a $65M investment from Verdane

May Mobility's driverless microtransit service might beat robotaxis to profitability

Snowflake goes all in on data clean rooms with Samooha acquisition

OpenAI buffs safety team and gives board veto power on risky AI

Why extortion is the new ransomware threat

More top reads image

Image Credits: Rafael Henrique/SOPA Images/LightRocket / Getty Images

On the pods

Today on Equity, the crew covered the past year in tech, startups and VC. They dove into VC numbers, fintech's hot start and then cooldown on the M&A front, the creator economy in 2023, and more. Also on the agenda was OpenAI’s upheaval — and the return of key-person syndrome, broadly speaking. Listen here.

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Friday, December 15, 2023

Opendoor co-founder makes his exit

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By Christine Hall

Friday, December 15, 2023

Sometimes you know when it's time to go. In today's top story, Mary Ann writes that this time it's Opendoor co-founder Eric Wu, who is stepping away from the real estate tech company. In a statement, Wu said he wants to "get back to my startup roots and create and build again." The move isn't too much of a shock — Wu had been gradually decreasing his role in the company for the past year, Mary Ann reports. Get the scoop.

Meanwhile, in the pursuit of grabbing market share from the likes of Facebook and basically any other social network, Jagat, a location-based social platform, surpasses 10 million users, Aisha reports. Learn what makes it so popular.

And over on TechCrunch+, Jacquelyn covers the CoinFund Founder Forecast survey and why 30 web3 founders are optimistic about 2024. Read more.

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Image Credits: David Paul Morris/Bloomberg / Getty Images

More top reads

What's that smell?: In the fight against methane, a key greenhouse gas, Valley investors have hit upon an unusual target: Cow burps.

Collaborative social media: A new Instagram feature called "Add Yours" lets users create customized templates, essentially like your own meme. Friends can even add to it. See how it works.

Headed into space: In Orbit Aerospace wants to be the third-party logistics provider for science and industry. Read more.

Extra, extra: A news publisher in Arkansas filed a class action antitrust lawsuit against Google and its parent, accusing the search engine giant of being anticompetitive when it comes to sharing content. Learn more.

Pitch Deck Teardown: Haje really lets loose on Metafuels' $8 million climate tech seed deck. See what he says. (TC+)

Cloud stocks are back!: Alex writes that the cloud stock rally could help inch open the IPO window in 2024. Do you agree? (TC+)

It's not always all-in with AI: When it comes to generative AI in the enterprise, CIOs are taking it slow. Learn why.

The scoop on scooters: Scooter startup Superpedestrian, which raised $125 million 18 months ago, is shutting down its U.S. operations as it explores the sale of its Europe business. Read more.

No crack: After allowing artistic nudity in certain cases, Twitch is now cracking down on boobs again. Find out why.

What was once public is private again: Ubiquiti, a video surveillance company, fixes a glitch that exposed private video streams to other customers. Learn what happened.

Crypto bull’s-eye: Robinhood is on a quest to dive deeper into crypto, targeting anyone interested in digital asset investing, regardless of their experience. Here's the plan. (TC+)

Six more stories you should read:

MrBeast's analytics platform ViewStats is out in beta

Waymo launches curbside robotaxi pickup at Phoenix airport

What is happening with all these new venture funds?

Credit Karma co-founder Nichole Mustard stepping down after more than 16 years

Seed-stage investors react to higher hurdles for Series A funding

7 stellar photography gifts that won't break the bank in 2023

More top reads image

Image Credits: Getty Images under a license.

On the pods

Today on Equity, we kicked off our episode with a breaking story from Cruise, which announced it will be cutting 24% of its staff. And steering away from layoffs, we turned to Prevu’s $6 million Series A and we look at why Verve Motion just raised $20 million for supportive lifting suits, what’s bubbling up in the French venture ecosystem, and how a few mega-deals are changing the numbers for AI. Listen here.

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