A story from the New York Post forces social platforms to do so (and on Twitter) Case, vice versa) some tough decisions, Sony announces a new 3D display and fitness startup Future raises $ 24 million. This is your daily crisis for October 16, 2020.
The big story: Twitter goes back to the New York Post's decision
A story recently published in the New York Post about a cache of emails and other data supposedly from a laptop owned by Joe Biden's son Hunter looked suspicious from the start, and more gaps have emerged over time. But it has also put the major social media platform in a tough spot as both Facebook and Twitter have taken steps to limit users' ability to share the story.
Twitter in particular took a more aggressive stance, blocking links to and images of the post's story, allegedly in violation of the platform's "Hacked Materials Policy". This led to predictable complaints from Republican politicians, and even Twitter CEO Jack Dorsey said that blocking links on direct messages without explanation was "unacceptable".
As a result, the company announced that it was changing the above policy on hacked materials. Hacked content will no longer be removed unless it has been shared directly by hackers or those who "act in concert with them". Otherwise, tweets are marked as context. Starting today, users can also share links to the post story.
The technology giants
Sony's $ 5,000 3D display is (probably) not for you – the company is targeting creatives with its new Spatial Reality Display.
EU antitrust decision deadline for Google Fitbit postponed until 2021 – EU regulators now have until January 8, 2021 to make a decision.
Startups, Financing and Venture Capital
Elon Musk's Las Vegas Loop may only carry a fraction of the promised passengers. Planning files verified by TechCrunch appear to show that the Boring Company's loop system will not be able to move anywhere near the number of people the company has agreed to.
Future raises $ 24 million for its $ 150 a month workout coaching app amid a home fitness boom – Future offers an expensive subscription that virtually connects users with a real fitness coach.
Lawmatics raises $ 2.5 million to help lawyers market it. The San Diego startup develops marketing and CRM software for lawyers.
Advice and analysis of extra crunch
How COVID-19 and the resulting recession impacted female founders – The sharp decline in available capital is slowing the pace at which women are starting new businesses in the COVID-19 era.
Startup founders set up hacking houses to restore synergies in Silicon Valley – hacking houses feel like a nostalgic attempt to restore some of the erased synergies of COVID-19.
Private equity firms can offer start-ups a viable exit option – going public or making acquisitions is not always an either-or proposition.
(Reminder: Extra Crunch is our subscription membership program designed to democratize information about startups. You can sign up here.)
The FAA is streamlining the commercial launch rules to keep the missiles running. Since missiles are launched in greater numbers and variety, and from more vendors, it makes sense to get some red tape out of the way.
We now need universal transparency for digital ads – 15 researchers propose a new standard for advertising disclosure.
The Daily Crunch is TechCrunch's round-up of our greatest and most important stories. If you'd like this to be delivered to your inbox around 3:00 p.m. Pacific time each day, you can sign up here.