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Thursday was a big day for tech IPOs, with Zoom opening trading at $65 a share. The company’s initial public offering gave it a fully diluted market cap of roughly $16 billion.
Meanwhile, Pinterest debuted on the New York Stock Exchange at $23.75 per share.
“We discovered additional logs of Instagram passwords being stored in a readable format,” the company said. “We now estimate that this issue impacted millions of Instagram users. We will be notifying these users as we did the others.”
At one point, the Russians used servers located in the U.S. to carry out the massive data exfiltration effort, the report says.
Hiding Like counts could reduce the herd mentality, where people just Like what’s already got tons of Likes. It could also reduce the sense of competition.
While the consumer version of BlackBerry Messenger is shutting down, the service will still exist. In fact, BlackBerry announced a plan to open its enterprise version to general consumers.
Until this week, Echo owners who wanted to stream music from Amazon could either pay for an annual Prime membership in order to access Prime Music, or they could pay $3.99 per month to stream from Amazon Music Unlimited.
Venture capital firms have invested over $4 billion in D2C brands since 2012, with 2018 alone accounting for over $1 billion. How are these D2C brands going to evolve and how could they sustain as businesses? (Extra Crunch membership required.)