Florida teen arrested in Twitter hack – ProWellTech

Florida teen arrested in Twitter hack – ProWellTech

Three arrests were made after this month’s celebrity on Twitter hack, Microsoft could work to acquire TikTok’s U.S. business and Facebook launches licensed music videos. Here is your Daily Crunch for July 31, 2020.

The big story: Florida teenager arrested in the Twitter hack

Earlier this month, high-profile Twitter accounts such as Apple, Elon Musk, Barack Obama and Joe Biden were hacked and posted messages promoting a cryptocurrency scheme. Now an investigation by the FBI and the Justice Department has led to three arrests: Mason Sheppard of the United Kingdom, Nima Fazeli of Orlando and a seventeen year old residing in Tampa.

The Tampa teenager has been described by the prosecutor’s office as the “mind” of the hack and is facing 30 criminal charges. Presumably he made over $ 100,000 in one day thanks to hacking.

“These crimes were perpetrated using the names of famous people and celebrities, but they are not the main victims here,” said Prosecutor Andrew Hillsren, of Hillsborough state.

The giants of technology

Report: Microsoft is discussing buying US TikTok assets from China’s ByteDance – President Trump plans to order China ByteDance, the owner of the successful social video app TikTok, to divest from the company, according to Bloomberg.

Secret documents from the United States Antitrust Probe reveal the plot of great technology to control or crush competition – We collected the nearly 500 pages of evidence made public during the hearing of the Judicial Chamber marathon, with the addition of a context, in a searchable version.

Facebook will launch officially licensed music videos in the U.S. starting this weekend – U.S. launch is made possible by Facebook’s expanded partnerships with the best labels, including Sony Music, Universal Music Group, Warner Music Group, Merlin, BMG, Kobalt and other independents.

Startups, financing and venture capital

Genomics startup Helix receives $ 33 million in NIH funding to scale back COVID-19 tests – The funding will be used to support Helix’s efforts to scale back its COVID-19 testing efforts, with the aim of achieving a rate of 100,000 tests per day later this fall.

Self-driving startup Argo AI reaches $ 7.5 billion in valuation – The valuation was confirmed Thursday, almost two months after the VW Group finalized its $ 2.6 billion investment in Argo AI.

The founder’s compensation rule is dead – The latest episode of Equity is about the Y Combinator Demo Day, both virtual and live.

Extra Crunch tips and analysis

Working to understand the IPO hopes reported by Affirm – Last night news surfaced that Affirm, a well-known fintech unicorn, could approach public markets with a valuation of $ 5 to $ 10 billion.

Opportunities (and challenges) in church technology – Investor Will Robbins argues that this could be the perfect time for church technology companies to thrive.

(Reminder: Extra Crunch is our subscription program, which aims to democratize startup information. You can sign up here.)

All the rest

Ford Bronco reservations exceed 150,000 units – Reception at Bronco 2021 – Ford’s flagship 4×4 vehicle series that was revealed earlier this month – surpassed the company’s most optimistic initial projections, he said Ford’s CEO in a profit appeal.

What does liability look like in 2020? – Rae Witte discusses what happens after a company is called.

The Daily Crunch is ProWellTech’s collection of our biggest and most important stories. If you would like this to be delivered to your inbox every day around 3pm Pacific, you can sign up here.

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