Welcome everyone to Week in Review (WiR). This is TechCrunch’s regular newsletter that recaps the top tech and tech-related stories from the past few days. With the holidays approaching, reporters expected a quiet week. But the opposite happened. I have no shortage of stories to write.
In this WiR, we learn that Comcast and Mr. Cooper’s customer data was stolen, electric scooter company Bird files for bankruptcy, Adobe ends its plan to acquire Figma, and Apple The report deals with the fact that the company is being forced to suspend sales by the International Trade Commission (ITC). apple watch. Also: Nikola founder Trevor Milton’s securities fraud conviction, Microsoft’s chatbot CoPilot now adding music-generating capabilities, and Consumer Reports’ impressions of Tesla’s Autopilot recall fix (spoiler: good news) We also highlight the
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Hackers target Comcast: Comcast has confirmed that hackers who exploited a security vulnerability rated critical gained access to sensitive information of approximately 36 million Xfinity customers. The vulnerability, known as “CitrixBleed,” was discovered in Citrix networking devices commonly used by large enterprises and has been heavily exploited by malicious actors since August, Carly reports.
Mr. Cooper under fire: In related news, hackers stole sensitive personal information of more than 14.6 million of Cooper’s customers, Zack wrote. The mortgage and loan giant admitted that criminals stole customers’ names, addresses, dates of birth, and phone numbers, as well as social security numbers and bank account numbers.
Adobe gives up: Adobe finally makes a huge $20 billion bid to acquire rival Figma officially dead This comes after the companies announced this week that their acquisition plans had been scrapped due to regulatory resistance in Europe. The deal, first announced last September, has always attracted regulatory scrutiny due to its size and the fact that it removed one of Adobe’s major rivals from the shadows. Paul points out.
Apple stops selling Apple Watch: Apple has stopped selling its Series 9 and Ultra 2 smartwatches following an October ruling by the ITC over a patent dispute with California-based medical technology company Masimo. The controversy revolves around the blood sensor monitor in the latest flagship Apple Watch. Apple is appealing the ITC’s ruling.
Nikola’s founder declared: Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. Rebecca wrote that the ruling ended a years-long saga in which Nikola’s stock soared as much as 83% at one point, only to plummet months later amid fraud charges and contract cancellations.
The co-pilot learns the composition skill. Microsoft Copilot, Microsoft’s AI-powered chatbot, can now compose songs through integration with generative AI (GenAI) music app Suno. Users can enter prompts into Copilot, such as “Create a pop song about my adventures with my family,” and have her Suno bring their musical ideas to life through the plugin.
Tesla fixes ‘inadequate’: After the test, consumer report He said Tesla’s fixes for the Autopilot recall of more than 2 million vehicles were “insufficient.” Sean noted that while the test is not comprehensive, it shows that questions remain about Tesla’s approach to driver monitoring, the technology at the heart of the recall.
Bird files for bankruptcy: bird Submitted Under Chapter 11 Bankruptcy Code, capping off a turbulent year for the electric scooter company.in press releaseBird confirmed it had entered a “financial restructuring process aimed at strengthening its balance sheet” and said the company was continuing business as usual with the aim of “long-term, sustainable growth.”
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Want a listening ear as you prepare your holiday dishes? You’re in luck — TechCrunch’s podcasts are just the ticket.
this week’s capitalthe second in a two-part series looking back at 2023, in which our staff recapped the collapse of Silicon Valley Bank, the long and tedious trial of FTX founder Sam Bankman Fried, and the wild office politics of OpenAI .
meanwhile, found We focused on Charlie Hernandez and his journey building My Pocket Lawyer, an online platform aimed at giving people who can’t afford a lawyer democratic access to legal advice and guidance . Hernandez talked about why he decided to use his law degree to tackle this issue.
and Chain reaction Featuring Staci Warden, CEO of the Algorand Foundation, the organization behind the layer 1 blockchain Algorand. Algorand is a Singapore-based blockchain that aims to be fast, secure, decentralized, and “the greenest” with a carbon negative network.
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TC+ subscribers have access to in-depth commentary, analysis, and surveys. You probably know these if you’re already a subscriber. If not, please consider signing up. Here are some highlights from this week.
Etsy headcount reductions: Etsy recently announced it would lay off 11% of its workforce, which comes as no surprise to those who follow the e-commerce space closely, Anna writes. She predicts that “junkification” and fierce competition will chart a difficult future.
DEI backlash: Dom writes about the dispiriting backlash against DEI (diversity, equity, and inclusion), a framework for creating more conscious workplace efforts to support marginalized communities in the tech sector. I am.
Figma’s rosy outlook: Anna writes that things don’t seem too bad for Figma even without Adobe. CB Insights estimates that the startup’s value is still between $8.3 billion and $9 billion.
Source: techcrunch.com
