Daily Crunch - IBM names new CEO

TechCrunch Newsletter

Friday, January 31, 2020 • By Anthony Ha

Happy Friday IBM faces a big leadership change, Apple’s new Maps app rolls out across the U.S. and a social media service exposes thousands of Instagram passwords. Here’s your Daily Crunch for January 31, 2020.

Arvind Krishna will replace Ginni Rometty as IBM CEO in April Krishna, IBM’s senior vice president for cloud and cognitive software, will take over on April 6 after a couple months of transition. Rometty will remain with the company as chairman of the board. Krishna reportedly drove the massive $34 billion acquisition of Red Hat at the end of 2018, and there was some speculation at the time that Red Hat CEO Jim Whitehurst was the heir apparent. Instead, the board went with a more seasoned IBM insider for the job, while naming Whitehurst as president. Read more Image Credits: Chesnot / Getty Images

Apple's redesigned Maps app is available across the US, adds real-time transit for Miami The redesigned app will include more accurate information overall as well as comprehensive views of roads, buildings, parks, airports, malls and other public places. It will also bring Look Around to more cities and real-time transit to Miami. Read more

Social media boosting service exposed thousands of Instagram passwords The company, Social Captain, says it helps thousands of users to grow their Instagram follower counts by connecting their accounts to its platform. But TechCrunch learned this week Social Captain was storing the passwords of linked Instagram accounts in unencrypted plaintext. Read more Image Credits: Bryce Durbin/TechCrunch

Elon Musk just dropped an EDM track on SoundCloud That is a real headline and I probably don’t need to say much else. Listen to the track, or don’t. Read more

Being a child actress prepared me for a career in venture capital Crystal McKellar played Becky Slater on “The Wonder Years,” and she writes about how that experience prepared her to be a managing partner at Anathem Ventures. (Extra Crunch membership required.) Read more Image Credits: Bryce Durbin /

Moda Operandi, an online marketplace for high-end fashion, raises $100M led by NEA and Apax High-end fashion might not be the first thing that comes to mind when you think about online shopping, but it has actually been a ripe market for the e-commerce industry. Read more

Why Sony's PlayStation Vue failed Vue launched in March 2015, offering live and on-demand content from more than 85 channels, including many local broadcast stations. But it failed to catch on with a broader audience, despite — or perhaps, because of — its integration with Sony's PS3 and PS4 devices, and it shut down this week. (Extra Crunch membership required.) Read more

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Newest Jobs from Crunchboard Senior Data Center Infrastructure Engineer at Pennsylvania Turnpike Commission (Middletown, PA, United States) Senior Sales Engineer, Team Leader at Globalscape (San Antonio, TX, USA) Senior SAP Developer at Edward Don & Company (Woodridge, IL, USA) Senior Associate, HRIS at The Pew Charitable Trusts (Washington D.C., DC, USA) Web Product Manager at The Art Institute of Chicago (Chicago) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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Daily Crunch - Facebook's profits disappoint

TechCrunch Newsletter

Thursday, January 30, 2020 • By Anthony Ha

Facebook hits 2.5B users in Q4 but shares sink from slow profits In its latest quarterly earnings report, Facebook said it now reaches 2.5 billion monthly users, up 2% from Q3 2019. And it brought in $21.08 billion in revenue, up 25% year-over-year. But profits aren’t growing as quickly as Wall Street would like. One big source of those expenses? Headcount grew 26% year-over-year to 44,942, and Facebook now has over 1,000 engineers working on privacy. Read more

Avast shuts down marketing analytics subsidiary Jumpshot amid controversy over selling user data It was recently revealed that the Czech-based cybersecurity specialist was cultivating another controversial revenue stream: harvesting and selling user data, some of it amassed by way of its security tools. Read more

Bring the 4th LVMH Innovation Award home Sponsored by LVMH The world's #1 Luxury Group is looking for the most disruptive startups dedicated to "Crafting the Customer Experience of Tomorrow". The 30 finalists will get to showcase their solutions at the VivaTech event in Paris, France, June 11-13, 2020. Apply now. Read more

Study of YouTube comments finds evidence of radicalization effect The study, carried out by researchers at Switzerland's Ecole polytechnique fédérale de Lausanne and the Federal University of Minas Gerais in Brazil, found evidence that users who engaged with “Alt-lite”/”Intellectual Dark Web” right-wing content migrated to commenting on the most fringe far-right content. Read more

Microsoft shares rise after it beats revenue, profit expectations, Azure posts 62% growth Microsoft reported its fiscal 2020 second quarter (calendar Q4 2019) results yesterday, including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%) and diluted earnings per share of $1.51. Read more

Snapchat launches Bitmoji TV: zany 4-min cartoons of your avatar Snapchat is betting that narcissism will drive viewership for its new weekly videos that put you and your friends' customizable Bitmoji avatars into a flurry of silly animated situations. Bitmoji TV will premiere on Saturday morning. Read more

Practice Fusion, once backed by top VCs, pushed doctors to prescribe opioids in kickback scheme According to the U.S. Department of Justice, Practice Fusion solicited and received pay from an (unnamed for now) major opioid company in exchange for using its EHR software to influence doctors in the act of prescribing opioid pain medications. Read more

Where top VCs are investing in travel, tourism and hospitality tech To get a temperature check on the state of the travel market, the outlook for fundraising and which sub-sectors might present the most attractive opportunities for startups today, we asked five leading VCs at firms spanning early to growth stages to share what's exciting them most and where they see opportunity in travel, tourism and hospitality tech. (Extra Crunch membership required.) Read more

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Newest Jobs from Crunchboard Senior SAP Developer at Edward Don & Company (Woodridge, IL, USA) Senior Associate, HRIS at The Pew Charitable Trusts (Washington D.C., DC, USA) Web Product Manager at The Art Institute of Chicago (Chicago) Principal Associate, Systems Engineering at The Pew Charitable Trusts (Washington D.C., DC, USA) Test Analyst at Globalscape (San Antonio, TX, USA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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Daily Crunch - Apple revenue keeps rising

TechCrunch Newsletter

Wednesday, January 29, 2020 • By Anthony Ha

Happy Wednesday Apple reports better-than-expected earnings, SpaceX launches another batch of satellites and a mobile messaging startup raises $70 million. Here’s your Daily Crunch for January 29, 2020.

Apple shares rise after company reports better-than-expected revenue of $91.8B Apple has worked in recent years to lessen its dependence on the iPhone, in part through services and smaller electronics. This is doubly true as the company posted a year-over-year decline in Mac revenue. In its latest earnings report, the company highlighted its smaller-device and home category, with CEO Tim Cook saying his company posted "all-time records for Services and Wearables." Read more Image Credits: Getty Images

Onboarding, customer service, engagement and retention: Infobip does it all Sponsored by Infobip In the age of digital connectedness, consumers expect efficient and personalized interactions with brands. First impressions matter. Infobip has an in-house cloud communications platform designed for companies with consumer-facing needs. Read more

SpaceX successfully launches 60 more satellites for its Starlink satellite internet constellation SpaceX has launched yet another batch of 60 Starlink satellites — its third production batch of the orbital communication spacecraft, and its second batch this year alone. After the last batch went up in early January, SpaceX became the largest private satellite operator in the world, and now it's just extending its lead. Read more

Mobile messaging startup Attentive raises another $70M It’s been less than six months since Attentive raised a $40 million Series B. CEO Brian Long told me that he wasn't planning to raise money again so soon, but things were going even better than expected, with a client list that has grown to more than 750 businesses. Read more Image Credits: Attentive

For alternative meat manufacturer Beyond Meat, fast food chains giveth and taketh away On the same day that the Tim Horton's restaurant chain is dropping Beyond Meat products from its menus, Beyond Meat and KFC announced the expansion of a pilot run at new stores in Nashville, Tenn., Charlotte, N.C. and across Kentucky. Read more

A conversation with 'the most ambitious female VC in Europe' We talk to Ophelia Brown, whose Blossom Capital just raised a new $185 million fund. The interview covers topics like her investment thesis, why Europe is at an "inflection point," diversity in the investor community and the increasing money coming into Europe from American VCs. (Extra Crunch membership required.) Read more

No pan-EU Huawei ban as Commission endorses 5G risk mitigation plan The move is another blow for the Trump administration’s efforts to demolish trust in Chinese-made technology, with the U.K. government also announcing yesterday that it would not be banning so-called "high risk" providers from supplying 5G networks. Read more

Kenshō Healthcare publicly launches its 'antithesis of Goop' While Gwyneth Paltrow's lifestyle brand startup serves up a heady mix of unverified pseudo-scientific claims alongside long-standing holistic practices, the founders of Kenshō Healthcare say they’re focused on the verified and verifiable claims coming out of the medical community. Read more

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Newest Jobs from Crunchboard Test Analyst at Globalscape (San Antonio, TX, USA) Senior Software Engineer at Proton AI (Cambridge, MA, USA) Senior Full Stack Developer (PHP) at University of Maryland (College Park, MD, USA) Marketing Specialist at Globalscape (San Antonio, TX, USA) Associate Director, Growth Marketing at Axios (New York, NY, USA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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