Apple stock reaches a astronomical milestone, Facebook Portal will get more work-good and Twitter experiences development against abominate speech. Right here’s your On a popular foundation Crunch for August 19, 2020.
The astronomical story: Apple hits $2 trillion market cap
Apple’s portion impress is up spherical 59% since the muse of the twelve months, despite seeing pretty modest, 11% twelve months-over-twelve months revenue boost in its most modern earnings account.
Alex Wilhelm argues that Apple’s sturdy market efficiency, and identical strength from other tech giants, is a just thing for startups:
Public rallies can reduction advance IPOs, and acquisitions. So this day’s recordsdata that Apple is now sufficiently rich sufficient to shame Croesus blueprint that your good, local startup shall be in a diagram to shut that next spherical at a impress that it likes.
The tech giants
Facebook Portal will get brooding about a ways away work with BlueJeans, GoToMeeting, Webex and Zoom apps — All of the apps shall be arriving at some level in September for the Portal Mini, long-established Portal and Portal+.
Twitter claims elevated enforcement of abominate speech and abuse policies in last half of 2019 — The corporate claims that its potential to “proactively” ground lisp material violations for human evaluate has helped it extend enforcement.
Prime Facebook executive in India recordsdata prison criticism against a journalist for sharing recordsdata account — A evaluate of the journalist Awesh Tiwari’s post, written in Hindi, finds that it modified into merely summarizing a recent Wall Avenue Journal account.
Startups, funding and venture capital
JD.com’s 1-twelve months-passe effectively being unicorn to procure $830M from Hillhouse — When Alibaba’s rival JD.com saw a chance in the prescription drug market, it spun out its healthcare unit staunch into a subsidiary known as JD Nicely being.
Hangar raises $15 million for its venture studio for presidency know-how startups — Essentially based by prone Bloomberg consultant Josh Mendelsohn, Hangar has already created four businesses.
India’s first Earth-imaging satellite tv for pc startup raises $5 million; first launch deliberate for later this twelve months — Once the overall company’s little satellites are on orbit, the Pixxel community shall be in a diagram to provide globe-spanning imaging capabilities every day.
Advice and prognosis from Additional Crunch
Max Levchin is taking a recognize ahead to fintech’s next astronomical opportunities — We sat down with Levchin for a recent session of Additional Crunch Are residing, where he spoke at dimension about what he sees as a number of the astronomical opportunities in fintech.
Dear Sophie: How can I switch my H-1B to my startup? — An H-1B feature employee at a tech company asks concerning the implications of founding (and working for) their bear startup.
Join Twilio’s Jeff Lawson for a are residing Q&A August 25 at 2: 30 pm EDT/11: 30 am PDT — Twilio has develop staunch into a immense, worth better than $37 billion this day after going public in 2016.
(Reminder: Additional Crunch is our subscription membership program, which objectives to democratize details about startups. That you just would be able to perchance test in here.)
The entirety else
Fearing coronavirus, a Michigan college tracks its students with a unsuitable app — The Charisma app had no less than two security vulnerabilities most inspiring chanced on after it modified into rolled out.
Scotland spaceport will get burly approval, shall be in a diagram to host up to 12 launches per twelve months — This could perchance be the long term launch diagram for Orbex, a startup taking a recognize to construct the U.Ample.’s first reusable orbital launch vehicle.
On the main-ever digital DNC, Democrats play it stable — The first all-digital Democratic Nationwide Convention is in burly swing, but don’t quiz fireworks.
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