Daily Crunch: Facebook faces questions over data breach

Daily Crunch: Facebook faces questions over data breach

European regulators have questions about a Facebook data breach, Clubhouse adds payments and a robotics company has SPAC plans. This is your Daily Crunch for April 6, 2021. The big story: Facebook faces questions over data breach A data breach involving personal data...
Signal tests payments in the UK using MobileCoin

Signal tests payments in the UK using MobileCoin

Encrypted chat app Signal is adding payments to the services it provides, a long-expected move and one the company is taking its time on. A U.K.-only beta program will allow users to trade the cryptocurrency MobileCoin quickly, easily, and most importantly, privately....
Lawmakers press Instagram for details on its plans for kids

Lawmakers press Instagram for details on its plans for kids

A group of Democratic lawmakers wrote to Mark Zuckerberg this week to press the CEO on his plans to curate a version of Instagram for children. In a hearing last month, Zuckerberg confirmed reporting by BuzzFeed that the company was exploring an age-gated version of...
Coinbase’s monster Q1 in context

Coinbase’s monster Q1 in context

In the first quarter of 2021, American consumer cryptocurrency trading giant Coinbase grew sharply, generating strong profits at the same time. For Coinbase, the disclosure of its preliminary Q1 2021 results comes a week ahead of its direct listing, an event that will...
Rapid raises $12M for its manufacturing robotics

Rapid raises $12M for its manufacturing robotics

Bay Area-based Rapid Robotics today announced a $12 million Series A. The new round, led by NEA, brings the company’s total funding up to $17.5 million. It joins a recently closed seed round, announced way back in November of last year. Existing investors Greycroft,...