Daily Crunch: Facebook faces new privacy investigations

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1. Facebook knocked
with three privacy investigations in a solo day

First came a probe by the Irish data protection dominance looking into the breach of “hundreds of millions” of Facebook and Instagram user passwords that were stored in plaintext on its servers. Then, Canadian authorities confirmed that the beleaguered social networking giant broke its strict privacy laws.

Lastly, and slightly closer to home, Facebook was knocked
by its third investigation — this moment by brand-new York attorney general Letitia James.

2. film subscription service Sinemia is ending US operations

Over the past few months, Sinemia has gone from promising MoviePass opponent to the source of frustration for moviegoers across the country.

3. Slack files to go public, reports $138.9M in losses on revenue of $400.6M

The company attributes these losses to its preference “to invest in growing our business to capitalize on our marketplace opportunity,” and notes that they’re shrinking as a percentage of revenue.

CHICAGO, IL – JANUARY 11: a sign hangs outside Walmart store on January 11, 2018 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)

4. Walmart unveils an ai-powered store of the future, now open to the public

Walmart unveiled a brand-new try-out grounds for emerging technologies, including AI-enabled cameras and interactive displays. This “store of the future” operates out of a walmart Neighborhood marketplace in Levittown, brand-new York.

5. Grocery delivery startup Honestbee is running out of cash and trying to trade

The company has held early conversations with a number of suitors in Asia, including ride-hailing giants Grab and Go-Jek, over the potential acquisition of part, or all, of its business.

6. Amazon is prepping a high-fidelity TIDAL opponent

That’s according to song Business Worldwide, which also accurately reported the recent launch of a free, ad-supported Amazon song service for Echo gagdet owners.

7. Zwift CEO Eric Min on fitness-gaming and bringing esports into the Olympics

The five-year-old startup has raised more than $170 million as a pioneer of fitness-gaming ― physical sport carried out in a virtual world. (more Crunch membership required.)


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