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Author: TechBrunch
Over the past few years, TechCrunch has looked back with anticipation at some of the worst, mishandled data breaches and security incidents. — Other giant companies will take note and avoid the same disasters. To no one's surprise, this year we're listing many of the same bad acts by a whole new class of companies. 23andMe blames users for massive data breach Last year, genetic testing giant 23andMe lost the genetic and ancestry data of nearly 7 million customers thanks to a data breach in which hackers brute-forced access to thousands of accounts and collected data on millions more. I…
Indian online pharmacy PharmEasy is now valued at about $456 million after investor Janus Henderson said in a filing that he valued his 12.9 million shares in the company at $766,043. Asset manager Global Research Fund originally spent $9.4 million to acquire these shares. This valuation is 92% lower than PharmEasy's all-time high of $5.6 billion. It's no wonder that valuation remains low, even though PharmEasy secured more than $200 million in new capital earlier this year and is preparing to file for an initial public offering (IPO) next year. PharmEasy had started a capital increase in 2023 amid a…
Social network Bluesky announced over Christmas that it is testing a trending topic view. Trending topics are visible to users around the world on both the social network's desktop and mobile apps. On desktop, you'll see trending topics in the right sidebar, and on mobile apps, you can tap the search button to explore topics. Bluesky said Trending Topics is currently only available in English. The user is[設定]>[コンテンツとメディア]Move to[トレンド トピックを有効にする]You can disable trending topics by unchecking the option. What will the Trending Topics feature look like on Bluesky Mobile? Image credit: Bluesky Bluesky makes sure that content you don't want…
Updated on December 25th at 12:21pm Pacific: Added details on xAI evaluation and Kingdom Holdings' contribution. Elon Musk's AI company xAI has raised $6 billion in a Series C funding round. The company announced this week that Andreessen Horowitz, Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD and others have joined. Saudi conglomerate holding company Kingdom Holdings invested about $400 million in the round, according to public documents. The filing also revealed that xAI's current valuation is $45 billion, nearly double its previous valuation. The new cash brings xAI's total funding…
When a startup raises a seed round, the eternal question arises: how much should the founders pay themselves and their first few employees? Kruze Consulting, a CPA firm specializing in venture-backed startups, recently analyzed the average salary range of over 450 seed-stage startups and shared the data with TechCrunch. The averages below are based on actual payroll records, not survey responses, Kruse said. Perhaps unsurprisingly, salaries for technical engineering/product roles tend to be higher than for CEOs. What's surprising is that salaries for people with COO/Operations titles tend to be even higher on average. This is frowned upon. That's because…
David Crane is in an enviable position. As CEO of GV, a venture company funded entirely by Google at $1 billion a year, his team of about 100 people makes big bets, despite some notable limitations. That's it. At the TechCrunch StrictlyVC event in San Francisco earlier this month, Krane said GV has invested in an astonishing 800 companies over the past five years, and over $10 billion over its 15-year history. No company has made more money at once than Uber, which was funded exclusively by GV in a $258 million Series C round in 2013. Still, GV still…
AMD is going all out for that at CES 2025. While chipmaker Nvidia remains at the forefront of the AI boom, its competitor is sucking the oxygen out of every room it graces. So how will AMD counter Nvidia's reported RTX 5000 announcement? The company will need to show off its own next-gen GPUs. As part of the ongoing rebranding, the RDNA 4 cards may arrive as the RX 8000 or RX 9000 series. No matter the company's name or numbers, AMD is going for it at this year's show. The presser will begin early on January 6th at 11am…
For millions of people at home with friends and family over the Christmas season, it's a time when many are busy fixing patchy Wi-Fi in their homes or facing a barrage of technology questions. It's also a time to do things. Instead, give them the gift of sound security advice this holiday season. This is the perfect time to actually make meaningful changes that will strengthen your loved one's cybersecurity. That's not to say it's not worth your time to fix your family's printer, but sharing a little security advice can go a long way in protecting your loved ones…
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether. By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses…
A year after Onyx Motorcycles owner James Khatiblou passed away suddenly, leaving customers with unfulfilled orders and millions of dollars in unpaid debt, the brand has been revived by its original founder. “I'm excited to announce that I'm bringing back my original brand Onyx with incredible support!” founder Tim Seward wrote in a LinkedIn post on Monday. “Onyx is literally back in the future!” Initially, the company will only sell about 100 RCR electric dirt bikes. It's unclear whether these are newly produced units or part of a fleet of e-bikes manufactured by Onyx's Chinese supplier earlier this year that…