Daily Crunch - WeWork CEO steps down

TechCrunch Newsletter

Wednesday, September 25, 2019 • By Anthony Ha

Happy Wednesday After several reports suggesting that WeWork’s Adam Neumann is stepping down as CEO, the news is now official. Meanwhile, Facebook clarifies some of its policies around content from politicians and my favorite video game franchise launches on iOS. Here’s your Daily Crunch for September 25, 2019.

CEO ouster, looming layoffs and devaluation turn WeWork into cautionary tale Adam Neumann succumbed to pressure yesterday to step down as CEO, taking the role of non-executive chairman at the company he co-founded nine years ago. Layoffs are likely to follow — in fact, sources tell TechCrunch that the scope of these layoffs will be massive, with newer business units scaled back so the company can focus on its core business. (Extra Crunch membership required.) Read more

Calling All Fintechs: Visa Partner Portal is Live Sponsored by Visa Inc. Visa Partner (Partner.Visa.com) provides Fintechs unprecedented access to Visa's technologies, and network. It is Visa's latest way to connect with companies leading the charge on the future of payments, providing benefits like faster licensing, partner matching, and "how-to" content. Read more

Facebook promises not to stop politicians' lies & hate Facebook says it won't fact check politicians' speech or block their content if it's newsworthy — even if that content violates the site's hate-speech rules or other policies. Read more

Nintendo's 'Mario Kart Tour' is out now for iPhone, iPad and Android Like Nintendo's other mobile releases, Mario Kart Tour is free to play, with in-app purchases (in-game currency called “rubies”) that you use for upgrades and unlocks. Read more

Media metrics giant Comscore pays SEC $5 million in fraud settlement The company's share price has been in free-fall since some of its actions came to light earlier this year. It was trading above $20 back in April; the company's stock now sits just above $2 per share. Read more

Devin Wenig steps down as eBay CEO Earlier this year, investors Elliott Management suggested key structural changes to help reinvigorate a floundering company. Layoffs and restructuring followed the letter. Read more

Apple says a bug may grant 'full access' to third-party keyboards by mistake "Full access" allows keyboard makers to capture keystroke data or anything you type — like emails, messages or passwords. This bug may allow third-party keyboards to gain full access permissions without user approval. Read more

Fidel raises $18M to let developers build on top of payment data from Visa, Mastercard and Amex Working in partnership with Mastercard, Visa and American Express, Fidel has developed a suite of APIs that make it easy to link a user's payment card to an app. This means that developers are able to build card-linked applications "in a matter of minutes.” Read more

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Newest Jobs from Crunchboard System Administrator / Level 3+ Support at Cartwheel (New York, NY, USA) Senior Writer at NFX (San Francisco) Senior IT Security/Privacy, CCPA Tools at Genentech, Inc. (South San Francisco, CA, USA) Vice President and Chief Information Officer (13064) at American University (Washington D.C., DC, USA) Senior Corporate Counsel, Privacy & Product at Okta (San Francisco, CA, 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 - Facebook acquires a neural monitoring startup

TechCrunch Newsletter

Tuesday, September 24, 2019 • By laura.safran

Welcome to the new Daily Crunch You may have noticed that we’re using a new format for our newsletters. Hopefully, it will be a little easier for you to read, while also allowing us to make more tweaks and improvements in the future. Anyway, enough housekeeping! Here’s your Daily Crunch for September 24, 2019.

Facebook buys startup building neural monitoring armband Facebook has talked a lot about working on a non-invasive brain input device that can make things like text entry possible just by thinking. So far, most of the company's progress on that project appears to be taking the form of university research, but with this acquisition (which we’ve confirmed was worth between $500 million and $1 billion), Facebook appears to be moving closer to turning this idea into a commercial product. Read more

Would you take a pay cut to work remotely? 25% of workers say YES Sponsored by Owl Labs 66% of U.S. workers say they work remotely some of the time. New data from Owl Labs reveals that remote work isn't the future; it's already here. Read the full report to learn how the Work From Anywhere Movement is catching fire. Read more

Messaging app Kik shuts down as company focuses on Kin, its cryptocurrency The company's team will be reduced to 19 people, a reduction that will affect over 100 employees, as it focuses on converting more Kin users into buyers. Kin still faces a lawsuit from the SEC, claiming the company’s ICO was illegal. Read more

Europe's top court rules that 'right to be forgotten' only applies in Europe Google and other search engines started implementing the right to be forgotten in 2014, allowing European citizens to ask search engines to delist results with sensitive personal information. Now the Court of Justice of the European Union has ruled that Google doesn't have to de-reference those results on a global scale. Read more

Samsung Galaxy Fold, take two This week, the Fold finally debuts on North American store shelves, about five months later than initially planned. Read more

ClimateTech is the new hot space for investors in a warming planet Whereas CleanTech has traditionally been known in the field of energy generation, such as solar, battery and hydro, ClimateTech could perhaps be defined as data-driven products aimed at addressing the risk and exposure to the effects of climate change. (Extra Crunch membership required.) Read more

Honestbee owes almost $1 million in unpaid salary to employees, according to affidavit filed by its CEO Honestbee, the Singapore-based grocery delivery startup that has been struggling with financial issues, owes 217 employees a total of almost USD $1 million in unpaid salary. Read more

Hear about investing in African tech at Disrupt SF with Marième Diop, Wale Ayeni and Sheel Mohnot We’ll be hosting a Q&A session with Orange Digital Ventures' Marième Diop, International Finance Organization's Wale Ayeni and 500 Startups' Sheel Mohnot, three Africa-based investors who bring plenty of experience screening startups across its top tech hubs. Read more

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Newest Jobs from Crunchboard Senior Writer at NFX (San Francisco) Senior IT Security/Privacy, CCPA Tools at Genentech, Inc. (South San Francisco, CA, USA) Vice President and Chief Information Officer (13064) at American University (Washington D.C., DC, USA) Senior Corporate Counsel, Privacy & Product at Okta (San Francisco, CA, USA) Sales & Marketing Manager at Lineup (Washington, D.C., 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 - WeWork CEO faces investor pressure

TechCrunch Newsletter

Monday, September 23, 2019 • By Anthony Ha

As Adam Neumann reportedly faces pressure to step down; it's looking like a fight for life between WeWork and SoftBank Members of WeWork’s board of directors are pressuring controversial CEO Adam Neumann to step down and become non-executive chairman, according to The Wall Street Journal. Apparently the pressure originates with investor SoftBank, which needs The We Company’s IPO to go well. The idea is to keep Neumann involved, while also making room for new leadership that could make Wall Street more comfortable with a WeWork IPO. Read more

How Peloton made sweat addictive enough to IPO Speaking of IPOs, Josh Constine breaks down 13 reasons why this fitness company — which is about to go public — has built up such a devoted cult. Ultimately, he says he’s bullish about Peloton because people will always be busy, lazy and competitive. Read more

Free event: Zendesk Showcase lands in SF, Oct. 3 Sponsored by Zendesk It's not too late to join us at the Zendesk Showcase San Francisco on October 3rd. This free, one-day event features inspiring sessions with brands like Logitech, Netflix, and Pinterest. Learn More...

Amazon's 'Fleabag' wins four Emmys, including best comedy series Netflix didn’t go home empty-handed either, with wins for “Ozark,” “When They See Us” and “Black Mirror.” Read more

100 Thieves' Nadeshot and Scooter Braun are coming to Disrupt The esports organization, founded by Matthew "Nadeshot" Haag, has grown over the past couple of years into a household name for those who follow gaming. Haag will be joined on the Disrupt stage by 100 Thieves co-owner Scooter Braun, who also manages megastars like Justin Bieber and Arianna Grande. Read more

Kabbage founders drum up $11M for Drum, an SMB marketplace for sourcing salespeople, goods and services Drum bills itself as a marketplace for businesses to source sales people and sell their goods and services. Co-founder Rob Frohwein said the startup is “democratizing access to a physical salesforce.” Read more

How Kobalt is betting on music's middle class and DIY stars This is the latest installment in our in-depth EC-1 profile on Kobalt Music Group. The company’s CEO Willard Ahdritz predicted years ago that streaming and social media would increasingly undercut the gatekeeping power of the major label groups, realigning the market to center on a vast landscape of niche musicians. (Extra Crunch membership required.) Read more

This week's TechCrunch podcasts The Equity team debates one of the most cherished beliefs in Silicon Valley, the “cult of the founder.” Meanwhile, Original Content catches up on the soothing Netflix reality show “Terrace House.” Read more

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Newest Jobs from Crunchboard Senior Writer at NFX (San Francisco) Senior IT Security/Privacy, CCPA Tools at Genentech, Inc. (South San Francisco, CA, USA) Vice President and Chief Information Officer (13064) at American University (Washington D.C., DC, USA) Senior Corporate Counsel, Privacy & Product at Okta (San Francisco, CA, USA) Sales & Marketing Manager at Lineup (Washington, D.C., USA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

View this email online in your browser Privacy Policy | Terms of Service | Unsubscribe © 2019 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103