TC

Daily Crunch: Zoom and Pinterest go public

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. Zoom pops 81 percent in Nasdaq debut

Thursday was a gigantic day for tech IPOs, with Zoom opening trading at $65 a share. The company’s initial public benefaction gave it a fully diluted mart cap of roughly $16 billion.

Meanwhile, Pinterest debuted on the brand-new York Stock Exchange at $23.75 per share.

2. Facebook now says its password leak affected ‘millions’ of Instagram users

“We discovered additional logs of Instagram passwords being stored in a readable format,” the company said. “We now estimate that this issue impacted millions of Instagram users. We will be notifying these users as we did the others.”

3. Mueller report sheds brand-new light on how the Russians hacked the DNC and the Clinton crusade

At one point, the Russians used servers located in the U.S. to carry out the massive data exfiltration effort, the report says.

The Instagram app is seen on an iphone on 16 March, 2017. (Photo by Jaap Arriens/NurPhoto via Getty Images)

4. Instagram hides Like counts in leaked design prototype

Hiding Like counts could reduce the herd mentality, where people just Like what’s already got tons of Likes. It could also reduce the sense of tournament.

5. The consumer model of BBM is shutting down on May 31

While the consumer model of BlackBerry Messenger is shutting down, the service will still exist. In fact, BlackBerry announced a plan to open its enterprise model to general consumers.

6. Amazon launches ad-supported sound service to Echo owners

Until this week, Echo owners who wanted to stream sound from Amazon could either pay for an annual Prime membership in order to access Prime sound, or they could pay $3.99 per month to stream from Amazon sound Unlimited.

7. The dissimilar playbooks of D2C brands

escapade capital firms have invested over $4 billion in D2C brands since 2012, with 2018 alone accounting for over $1 billion. How are these D2C brands going to evolve and how could they sustain as businesses? (additional Crunch membership required.)

Source
TechCrunch
Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close