Tinder's founders sue Match Group and IAC. It's The Daily Crunch.

THE DAILY CRUNCH WEDNESDAY, AUGUST 15 2018 By Anthony Ha Tinder's founders (along with a few current executives) sue Match Group and IAC, Y Combinator announces a startup accelerator in China and Tencent's profit falls. Here's your Daily Crunch for August 15, 2018. 1. Tinder founders sue parent companies Match and IAC for at least $2B The suit alleges that IAC and Match Group manipulated financial data in order to create "a fake lowball valuation," then stripped Tinder's founders and others of their stock options. It also alleges that Greg Blatt, the Match CEO who became CEO of Tinder, groped and sexually harassed an executive at the company's 2016 holiday party. In response, IAC and Match Group called the suit "meritless," adding that "sour grapes alone do not a lawsuit make." 2. Y Combinator is launching a startup program in China The Silicon Valley-based accelerator announced the hiring of former Microsoft and Baidu executive Qi Lu, who will develop a standalone startup program that runs on Chinese soil. Sponsored By: Disrupt SF 2018 Final days to get your Disrupt SF Pass We are just weeks away from Disrupt SF on September 5-7. Get your passes today to see Disrupt's $100K Startup Battlefield, hear from hundreds of thought leaders, and network with some of tech's most passionate people. Pass prices go up at the door. Get yours today. Learn More… 3. Chinese internet giant Tencent suffers a rare profit drop This breaks a growth streak that stretches back more than a decade and, more crucially, comes at a time of relative crisis for Tencent. 4. The Alexa-Cortana integration is now available in a public preview The integration between the two voice computing platforms was previously announced and demoed on-stage in May. But at the time, the companies didn't reveal a timeline as to when the integrations between the two assistants would become available to the public. 5. Twistlock snares $33M Series C investment to secure cloud native environments According to CEO and Ben Bernstein, his company is building a security product designed to protect a cloud-native environment, with the understanding that while containers and serverless computing may be ephemeral, they are still exploitable. 6. Twitter puts Infowars' Alex Jones in the 'read-only' sin bin for 7 days Twitter is punishing Jones for a tweet that violates its community standards, but it isn't locking him out forever. 7. Uber is on a hiring spree in Singapore despite 'exiting' Southeast Asia The original plan following Uber's deal with Grab was for Uber to relocate its regional headquarters to either Japan or Hong Kong. In recent months, that strategy has shifted. Get more stories at techcrunch.com  Newest Jobs From CrunchBoard: Application Developer at United Allergy Services (San Antonio, TX, USA) Sr. Interactive Designer at Public Broadcasting Service (Arlington, VA, USA) Full-stack Developer at Translo (Cambridge, MA, USA) Product Development Manager - Quantum Signal at Quantum Signal (Saline, MI, USA) Retail Store Manager Computer Parts at Goodwill Industries of Dallas (Plano, TX, USA) SEE MORE JOBS ON CRUNCHBOARD Post your tech jobs and reach millions of TechCrunch readers for only $200 per month View this email online in your browser If you do not want to receive this email or you would like to update your preferences click here. 410 Townsend Street, San Francisco, CA 94107 © 2018 Oath Tech Network. All rights reserved.   TechCrunch is now a part of Oath and a part of Verizon. On May 25th 2018 we will be introducing a new unified Oath Terms of Service and Privacy Policy which will explain how your data is used and shared. Learn More.