Thursday, December 20, 2018

Facebook faces new data concerns

THE DAILY CRUNCH
WEDNESDAY, DECEMBER 19 2018 By Anthony Ha

Facebook faces more privacy concerns, a controversial entrepreneur unveils his latest autonomous vehicle company and a high-profile augmented reality startup collapses. Here's your Daily Crunch for December 19, 2018.

1. With trust destroyed, Facebook is haunted by old data deals

As Facebook colonized the rest of the web with its functionality in hopes of fueling user growth, it built aggressive integrations with partners that are coming under newfound scrutiny through a New York Times investigation.

Some of what Facebook did was sloppy or unsettling, including forgetting to shut down APIs when it cancelled its Instant Personalization feature for other sites in 2014. The most glaring allegation that the company hasn't adequately responded to yet is that it used data from Amazon, Yahoo, and Huawei to improve friend suggestions through People You May Know — perhaps its creepiest feature.

2. Levandowski's Pronto.ai plans to ship automated driving systems for trucks in 2019

Anthony Levandowski, the former Google engineer and serial entrepreneur who was at the center of a trade secrets lawsuit between Uber and Waymo, has taken his newest autonomous vehicle technology company out of stealth mode with a product aimed at the commercial trucking industry.

3. After $130M+ in funding, AR startup Blippar collapses

Blippar announced yesterday that it is "entering into administration" and will be laying off all its employees, as administrators appointed by a U.K. court decide what to do with its assets.

4. SoftBank Corp shares drop 14% on their first day of trading, but it's still one of the largest IPOs ever

SoftBank Corp.'s initial public offering today started with a bang before trailing off into a whimper. The company is the mobile unit of SoftBank Group, whose holdings also include Sprint and the $100 billion Vision Fund.

5. Amnesty International used machine-learning to quantify the scale of abuse against women on Twitter

A new study by Amnesty International and Element AI attempts to put numbers to a problem many women already know about: that Twitter is a cesspool of harassment and abuse. It analyzed tweets sent to a sample of 778 women politicians and journalists during 2017, finding that 7.1 percent (1.1 million) of those tweets were either "problematic" or "abusive."

6. Zwift, which turns indoor cycling workouts into multiplayer games, raises $120M

The startup now has over 1 million registered accounts (it doesn't disclose active users), up from a mere 200,000 two years ago, with users ranging from amateur cycling enthusiasts, people who cycle as part of fitness regimes and professional athletes who use it to supplement IRL global training schedules.

7. Tinder fires comms head and other employees who sued company

In an email sent to Match Group's current CEO Mandy Ginsberg, former VP of marketing and communications Rosette Pambakian said that after being placed on leave when the lawsuit was filed, she was subjected to "ongoing intimidation and retaliation clearly designed to pressure me into resigning."

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