Daily Crunch: Tesla is closing retail stores

THE DAILY CRUNCH FRIDAY, MARCH 1 2019 By Anthony Ha Tesla is taking its sales online-only, Twitter is working on a way to hide tweets from conversations and Revolut's CFO resigns. Here's your Daily Crunch for March 1, 2019. 1. Tesla closing retail stores in shift to online-only sales strategy Tesla is moving all its sales online, a dramatic shift in its sales strategy that will result in the closure of stores and some layoffs as the automaker looks for ways to reduce costs in order to bring a cheaper Model 3 to market. CEO Elon Musk noted that some stores would remain and turn into information centers and showrooms. The company didn't say how many stores or employees would be affected. 2. Twitter confirms it's working on a 'Hide Tweet' feature Like it sounds, "Hide Tweet" functions as an alternative to muting or blocking a user, while still offering some control over a conversation. At the same time, an option to "View Hidden Tweets" was also found to be in the works. Sponsored By: TechCrunch Join Extra Crunch free for 30 days Extra Crunch offers exclusive access to analysis of successful startups, resources on company building, lists of verified experts, enhanced reader tools, conference calls, event discounts, and more. Learn More… 3. Revolut CFO resigns following money laundering controversy The startup and CFO Peter O'Higgins have been under pressure after a Daily Telegraph report revealed that Revolut switched off an anti-money laundering system that flags suspect transactions because it was prone to throwing out false positives. 4. Samsung Galaxy S10+ review The 10th anniversary Galaxy arrives at a transitional time for Samsung — and the industry at large. 5. Amazon stops selling stick-on Dash buttons Amazon has confirmed it has retired physical stick-on Dash buttons from sale, in favor of virtual alternatives that let Prime Members tap a digital button to reorder a staple product. 6. TiVo prepares to split its business into two as it pursues sale DVR maker TiVo is preparing to split its company into two businesses: one focused on its products like its Bolt family of DVRs, and the other on its licensing and intellectual property businesses. 7. It's a new era for fertility tech Although the investment numbers are still relatively small (compared to, say, scooters), the trend is up. Kate Clark rounds up the latest from founders and investors in the space. (Extra Crunch subscription required.) Get more stories at techcrunch.com  Newest Jobs From CrunchBoard: Tech Lead, Web Engineering at W.W. Norton (New York, NY, United States) Lead UI/Front End Engineer at W.W. Norton (New York, NY, United States) Standards Coordinator at TAPPI (Peachtree Corners, GA, USA) Backend (Architect) Lead at AJ Madison (Brooklyn, NY, USA) Data Engineer at Perpay Inc (Philadelphia, PA, 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 Oath Tech Network. All rights reserved. 410 Townsend Street, San Francisco, CA 94107

                                                           

TikTok faces children's privacy fine

THE DAILY CRUNCH THURSDAY, FEBRUARY 28 2019 By Anthony Ha The FTC fines the company behind TikTok for violating a children's privacy law, we go behind the scenes of Disney's new Star Wars attraction and Amazon adds a weekly delivery option. Here's your Daily Crunch for February 28, 2019. 1. FTC ruling sees Musical.ly (TikTok) fined $5.7M for violating children's privacy law, app updated with age gate In an app update released yesterday, all users will need to verify their age, and the under 13-year-olds will then be directed to a separate, more restricted in-app experience that protects their personal information and prevents them from publishing videos to TikTok. And if you're confused about Musical.ly versus TikTok: The Federal Trade Commission had begun looking into TikTok back when it was known as Musical.ly, and the ruling itself is a settlement with Musical.ly. 2. How Disney built Star Wars, in real life Over the course of the past five years, Walt Disney Imagineering has been hard at work making the world of Star Wars a reality on Earth. Matthew Panzarino has all the details, with plenty of tantalizing images. 3. Amazon Prime members can choose a weekly delivery date with launch of 'Amazon Day' The option lets shoppers pick a day of the week to take delivery of their recent orders. The boxes will then arrive together on the selected Amazon Day, in fewer boxes. 4. Zūm, a ridesharing service for kids, raises $40M Zūm is a mobile app that enables parents to schedule rides for their kids from fully vetted drivers. It also partners with school districts to support their transportation needs. 5. Dow Jones' watchlist of 2.4 million high-risk individuals has leaked The data, since secured, is the financial giant's Watchlist database, which companies use as part of their risk and compliance efforts. 6. SoftBank's Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo The Beijing-based company operates two main sites — peer-to-peer online marketplace Guazi for used vehicles, and Maodou, which retails new sedans through direct sales and financial leasing. 7. Netflix may be losing $192M per month from piracy, cord cutting study claims As many as one in five people today are mooching off of someone else's account when streaming video from Netflix, Hulu or Amazon Video, according to a new study from CordCutting.com. Of these, Netflix tends to be pirated for the longest period. Get more stories at techcrunch.com  Newest Jobs From CrunchBoard: Lead Developer at VinAudit.com at VinAudit.com, Inc. (Kirkland, WA, USA) Senior Backend Engineer at Game Closure (Tokyo, Japan) Sr. Software Engineer (Java) at adMarketplace (New York, NY, USA) Demand Generation Leader at Bespoke Collection (Napa, CA, USA) Dev Ops Engineer at RBS (London, UK) 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 Oath Tech Network. All rights reserved. 410 Townsend Street, San Francisco, CA 94107