Hacker finds bug that allowed anyone to bypass Facebook 2FA

Hacker finds bug that allowed anyone to bypass Facebook 2FA

A bug in a new centralized system that Meta created for users to manage their logins for Facebook and Instagram could have allowed malicious hackers to switch off an account’s two-factor protections just by knowing their email address or phone number. Gtm Mänôz, a security researcher from Nepal, realized that Meta did not set up […]

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The Easy Company raised $14.2M to build an easy-to-use ‘social’ crypto wallet

The Easy Company raised $14.2M to build an easy-to-use ‘social’ crypto wallet

The Easy Company has raised $14.2 million in a seed round and launched its “social” crypto wallet to help onboard more mainstream audiences, it shared exclusively with TechCrunch. Easy aims to combine user-curated profiles with engaging social features so that people can search, navigate and discover the world of web3 on their own. Today, its […]

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Meta’s New Year kicks off with over $410M in fresh EU privacy fines

Meta’s New Year kicks off with over $410M in fresh EU privacy fines

Meta is kicking off the New Year with more privacy fines and corrective orders hitting its business in Europe. The latest swathe of enforcement relates to EU’s General Data Protection Regulation (GDPR) complaints over the legal basis it claims to run behavioral ads. The Facebook owner’s lead data protection watchdog in the region, the Irish […]

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The Merge is upon us (and other TC news)

SBF doesn’t need SPF where he’s going and other TC news

This week, I talked with Tim De Chant about his coverage of fusion energy and what feels like a rare hopeful story in renewable energy tech. And Jacquelyn Melinek walks us through Sam Bankman-Fried’s alleged crimes and confirmed arrest. Plus, as always, we go over the top stories in tech from the week Articles from […]

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Facebook Pay rebrands to Meta Pay as Zuckerberg details plans to create a digital wallet for the metaverse

Meta hit with antitrust breach order in Turkey for combining user data across Fb, WhatsApp, Instagram

Meta won’t be quaking at the size of the penalty it’s just been handed by Turkey’s competition authority, which announced a 346.72 million lira sanction today. The circa $18.6M fine pales in comparison to a number of recent stings hitting it from European regulators. Such as the $267M fine for WhatsApp in the European Union […]

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Meta settles lawsuit for ‘significant’ sum against businesses scraping Facebook and Instagram data

Meta settles lawsuit for ‘significant’ sum against businesses scraping Facebook and Instagram data

Facebook parent Meta has settled a lawsuit in the U.S. against two companies that had engaged in data scraping operations, which had seen them gathering data from Facebook and Instagram users for marketing intelligence purposes, according to the original complaint filed in October 2020. The companies named in the suit, Israeli-based BrandTotal Ltd. and Delaware-incorporated […]

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Open-source password manager Bitwarden raises $100M

Daily Crunch: PSG, Battery Ventures invest $100M in open source password manager Bitwarden 

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Instagram fined €405M in EU over children’s privacy

Instagram fined €405M in EU over children’s privacy

A fat fine — of €405 million — is headed Instagram’s way after European Union privacy regulators came to a decision on a long running complaint related to how the social media platform handles children’s data. The penalty is for a breach of the EU’s General Data Protection Regulation (GDPR). Meta was contacted for comment […]

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Meta now lets you post your NFTs on both Facebook and Instagram

Meta now lets you post your NFTs on both Facebook and Instagram

Meta announced today that it will now let users post their NFTs across both Instagram and Facebook. Users can connect their wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet to post digital collectibles minted on Ethereum, Polygon and Flow. “As we continue rolling out digital collectibles on Facebook and Instagram, we’ve started […]

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Plex introduces a social experience to its streaming app with launch of ‘Discover Together’

Plex introduces a social experience to its streaming app with launch of ‘Discover Together’

Streaming media platform Plex, already an expansive service for personal media, free streaming TV, and new content discovery, is venturing into a new area with today’s launch of a new feature, Discover Together. The friends-focused feature is laying the groundwork to develop Plex as not just a streaming hub, but a streaming community. Initially, this includes […]

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