The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook admits it stored ‘hundreds of millions’ of account passwords in plaintext Prompted by a report by cybersecurity reporter Brian Krebs, […]
Six months ago, Roman, the cloud pharmacy for erectile dysfunction, dropped the “man” to become “Ro.” At the same time, the company raised a monstrous Series A funding round of $88 million and unveiled Zero, a product meant to help people quit smoking, a root cause of ED. Now, Ro is addressing a different demographic. […]
Patreon couldn’t survive charging all creators just a 5 percent rake on the monthly subscriptions they earn from fans while building commerce tools like CRMs and merchandise to try to stay ahead of Twitch, YouTube and Google. But it also didn’t want to screw all its loyal early creators. So today, Patreon is overhauling its […]
Instagram is opening a whole new revenue stream. Now the 130 million people who tap Instagram’s product tags on shopping posts will be able to buy those items without leaving the app thanks to stored payment info. “Checkout with Instagram” launches today in the US with more than 20 top brands including Adidas, Kylie Cosmetics, […]
Thirteen-year Facebook veteran, chief product officer and the spirit animal of the social network Chris Cox is departing the company after two years of seeking to do something new. Cox’s exit is part of a big executive reshuffle as Facebook embarks on prioritizing privacy through messaging, groups, Stories and back-end unification of its chat features. […]
Facebook on Friday announced a new artificial intelligence-powered tool that it says will help the social network detect revenge porn — the nonconsensually shared intimate images that, when posted online, can have devastating consequences for those who appear in the photos. The technology will leverage both AI and machine learning techniques to proactively detect near-nude […]
In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curriculum often lags behind the fast-changing workplace. CareerTu, a New York-based startup launched by a former marketing manager at Amazon, aims to close […]
Pi Day is apparently New Job day for tech execs and VCs these days. Leaving: Lee Fixel It’s not every day that one of the top VC investors heads out from their shop. TechCrunch’s @cookie aka Connie Loizos has the story: Lee Fixel, the low-flying head of Tiger Global’s private equity business, is leaving at […]
Keith Wright is a Villanova School of Business instructor of Accounting and Information Systems, founder of Simplicity On-Demand LLC and former Senior Vice President for Global Sales Operations for SAP. There is no question that the arrival of a fragmented and divided internet is now upon us. The “splinternet,” where cyberspace is controlled and regulated […]
CXA Group, a Singapore-based startup that helps make insurance more accessible and affordable, has raised $25 million for expansion in Asia and later into Europe and North America. The startup takes a unique route to insurance. Rather than going to consumers directly, it taps corporations to offer their employees health flexible options. That’s to say […]