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Daily Crunch: Twitter hacked in crypto scam

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daily crunch twitter hacked in crypto scam

A Twitter hack hits the platform’s most famous users, Netflix gets a co-CEO and Revel’s mopeds are coming to San Francisco. Here’s your Daily Crunch for July 16, 2020.

The big story: High-profile Twitter accounts hacked in crypto scam

This was a crazy one: The Twitter accounts of Apple, Elon Musk, Joe Biden and many, many others were compromised yesterday, posting messages with the address of a bitcoin wallet, promising that any payments would be doubled and sent back.

Apparently a hacker used an internal Twitter administrative tool to gain access to all of these accounts. The company described this as “a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.”

Not surprisingly, Twitter’s stock took a hit, and the company will probably be dealing with the fallout for weeks or months to come. (One of the initial responses involved locking accounts that recently changed their passwords.)

The tech giants

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Ted Sarandos named co-CEO at Netflix — The announcement comes as the company added more than 10 million new subscribers in its most recent quarter.

Instagram launches its redesigned Shop, now powered by Facebook Pay — Instagram Shop is a way to buy products from brands and creators, as well as curated collections from the company’s @shop account, all within the Explore section.

Uber acquires Routematch as it drives deeper into public transit in hunt for SaaS revenue — Routematch, which provides software to transit agencies, will continue operations with CEO Pepper Harward at the helm.

Startups, funding and venture capital

Revel lands permit to bring hundreds of electric mopeds to San Francisco — I’ve been seeing Revel’s mopeds all over New York City, and now they’ve got approval to launch in SF.

Activ Surgical raises $15 million to advance autonomous and collaborative robotic surgery — The startup equips surgical equipment with sensors, with the data used to guide surgeons and surgical systems.

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Monzo launches new Monzo Plus with software features it hopes users will want to pay for — The new features include third-party bank account aggregation, virtual debit cards, custom transaction categories, spreadsheet export and credit score updates.

Advice and analysis from Extra Crunch

Why certain VC investors earn great ‘Founder NPS’ scores — Danny Crichton read more than 1,200 founder recommendations for VCs while preparing The TechCrunch List. In this post, he shares some of the common themes.

8 edtech investors talk re-skilling, digital universities, ISAs and other post-pandemic trends — We’ve talked to investors about how COVID-19 has reshaped edtech and education, but what happens after the pandemic?

VC Josh Stein talks power dynamics: ‘I don’t think this has been a mustache-twisting moment for investors’ — Hot startup founders may not have quite as much leverage as they did before the pandemic — but Threshold Ventures’ Stein said he isn’t trying to rub it in.

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

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Everything else

Game developer poll suggests longer hours and less productivity as the industry adapts to remote work — Among developers surveyed by GDC, 32% found themselves being less productive, in spite of working longer hours.

VPN providers rethink Hong Kong servers after China’s security law — Hong Kong may lose its status as a haven for data centers.

Europe’s top court strikes down flagship EU-US data transfer mechanism — The decision has implications for U.S. agencies interested in digital surveillance, as well as internet companies like Facebook.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

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FACEBOOK

Facebook Faces Yet Another Outage: Platform Encounters Technical Issues Again

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Facebook Problem Again

Uppdated: It seems that today’s issues with Facebook haven’t affected as many users as the last time. A smaller group of people appears to be impacted this time around, which is a relief compared to the larger incident before. Nevertheless, it’s still frustrating for those affected, and hopefully, the issues will be resolved soon by the Facebook team.

Facebook had another problem today (March 20, 2024). According to Downdetector, a website that shows when other websites are not working, many people had trouble using Facebook.

This isn’t the first time Facebook has had issues. Just a little while ago, there was another problem that stopped people from using the site. Today, when people tried to use Facebook, it didn’t work like it should. People couldn’t see their friends’ posts, and sometimes the website wouldn’t even load.

Downdetector, which watches out for problems on websites, showed that lots of people were having trouble with Facebook. People from all over the world said they couldn’t use the site, and they were not happy about it.

When websites like Facebook have problems, it affects a lot of people. It’s not just about not being able to see posts or chat with friends. It can also impact businesses that use Facebook to reach customers.

Since Facebook owns Messenger and Instagram, the problems with Facebook also meant that people had trouble using these apps. It made the situation even more frustrating for many users, who rely on these apps to stay connected with others.

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During this recent problem, one thing is obvious: the internet is always changing, and even big websites like Facebook can have problems. While people wait for Facebook to fix the issue, it shows us how easily things online can go wrong. It’s a good reminder that we should have backup plans for staying connected online, just in case something like this happens again.

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We asked ChatGPT what will be Google (GOOG) stock price for 2030

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We asked ChatGPT what will be Google (GOOG) stock price for 2030

Investors who have invested in Alphabet Inc. (NASDAQ: GOOG) stock have reaped significant benefits from the company’s robust financial performance over the last five years. Google’s dominance in the online advertising market has been a key driver of the company’s consistent revenue growth and impressive profit margins.

In addition, Google has expanded its operations into related fields such as cloud computing and artificial intelligence. These areas show great promise as future growth drivers, making them increasingly attractive to investors. Notably, Alphabet’s stock price has been rising due to investor interest in the company’s recent initiatives in the fast-developing field of artificial intelligence (AI), adding generative AI features to Gmail and Google Docs.

However, when it comes to predicting the future pricing of a corporation like Google, there are many factors to consider. With this in mind, Finbold turned to the artificial intelligence tool ChatGPT to suggest a likely pricing range for GOOG stock by 2030. Although the tool was unable to give a definitive price range, it did note the following:

“Over the long term, Google has a track record of strong financial performance and has shown an ability to adapt to changing market conditions. As such, it’s reasonable to expect that Google’s stock price may continue to appreciate over time.”

GOOG stock price prediction

While attempting to estimate the price range of future transactions, it is essential to consider a variety of measures in addition to the AI chat tool, which includes deep learning algorithms and stock market experts.

Finbold collected forecasts provided by CoinPriceForecast, a finance prediction tool that utilizes machine self-learning technology, to anticipate Google stock price by the end of 2030 to compare with ChatGPT’s projection.

According to the most recent long-term estimate, which Finbold obtained on March 20, the price of Google will rise beyond $200 in 2030 and touch $247 by the end of the year, which would indicate a 141% gain from today to the end of the year.

2030 GOOG price prediction: Source: CoinPriceForecast

Google has been assigned a recommendation of ‘strong buy’ by the majority of analysts working on Wall Street for a more near-term time frame. Significantly, 36 analysts of the 48 have recommended a “strong buy,” while seven people have advocated a “buy.” The remaining five analysts had given a ‘hold’ rating.

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1679313229 737 We asked ChatGPT what will be Google GOOG stock price
Wall Street GOOG 12-month price prediction: Source: TradingView

The average price projection for Alphabet stock over the last three months has been $125.32; this objective represents a 22.31% upside from its current price. It’s interesting to note that the maximum price forecast for the next year is $160, representing a gain of 56.16% from the stock’s current price of $102.46.

While the outlook for Google stock may be positive, it’s important to keep in mind that some potential challenges and risks could impact its performance, including competition from ChatGPT itself, which could affect Google’s price.


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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This Apple Watch app brings ChatGPT to your wrist — here’s why you want it

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Apple Watch Series 8

ChatGPT feels like it is everywhere at the moment; the AI-powered tool is rapidly starting to feel like internet connected home devices where you are left wondering if your flower pot really needed Bluetooth. However, after hearing about a new Apple Watch app that brings ChatGPT to your favorite wrist computer, I’m actually convinced this one is worth checking out.

The new app is called watchGPT and as I tipped off already, it gives you access to ChatGPT from your Apple Watch. Now the $10,000 question (or more accurately the $3.99 question, as that is the one-time cost of the app) is why having ChatGPT on your wrist is remotely necessary, so let’s dive into what exactly the app can do.

What can watchGPT do?

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