Hello and welcome again at the Startups Weekly, a weekend newsletter that delves into emerging startups and venture capital news. Before we jump to the theme today, let's track a bit. Last week, I noticed Significant rise in capital expenditure in 2019. Before that, We have struggled to understand the growth path of WeWork.
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Anyway, on the theme today. Favorite Venture Capital, Zoom, Suffered the first high-profile scandal this week.
After the security researcher Jonathan Lechwa a Medium function In details of a major security vulnerability on Zoom's technology platform, the company corrected its Mac video conferencing client to remove the rogue web server that allowed any Web site to join a video call without permission. Users can now update their customers or Download The new version of the Zoom site. Apple also paid a silent update For Mac users who remove the vulnerable component, this step is intended to protect users in the past and present from the undocumented Web server vulnerability without affecting or blocking the functionality of the Zoom application itself.
Zoom made the call only to remove the insecure web server after heavy pressure. I'm not here to share my own views on Zoom's security or lack of it. What I'm referring to is the company's weak reaction to the public relations nightmare. Yes, Zoom finally offered a solution, but at first, it failed to solve the underlying problem.
The main hiccups come in Zoom shortly after users and spectators Attacked the exclusive Superhuman email service. Email superphrases that you send and receive and provide tools to help manage them. They do this for you, but without the permission of the recipient of your e-mails.
Superhuman was much faster than Zoom to provide an official response amid complaints. Just two days after the publication of a code that revealed security holes within the service, Superman announced that it would completely remove site registration, get rid of all current site data, turn off read receipts by default, and make it an option to enable the feature for users. All of this is nice and good and certainly distracts attention from the main issue: pixel tracking (including the commonly used "pixel" ad tool in email messages to report sender information such as whether or not an email message has been opened). Superhuman still has the same exact pixel tracing capabilities, what is changing is that users only need to turn on the feature.
Both start-ups and public companies will do what they can to keep the benefits to their business and will do their best to shift consumer attention away from major problems, even when it means putting their users at risk.
In any case…
We hosted the first ever mobility-focused conference this week in San Jose. In what was a successful and thought-provoking event, industry leaders met to discuss emerging issues, the future of small mobility, motorcycle wars and more. A large set of navigation news matches the event, including …
Who raised money this week?
Who closed VCs new funds this week?
Having been general market jokes since the IPO, Snap faces a 2019 killer, with its share price almost tripling. The company's successes may give the moment to pause and think more in generating future value. Part of this equation is definitely a yellow accelerator company that aims to invest in start-ups before you start and bring mobile users to common experiences. We covered the opening batch of yellow Back in September. Now TechCrunch Lucas Matni He has a complete rundown on the second bet of the Snap.
After an intense report in Forbes magazine about Bumble Parent and its founder, Andrey Andreev, the founder of the dating application Whitney Wolf Hurd issued a statement on Tuesday. Wolf Hurd says she was "disgusted by the allegations" and "sad and sick to hear that anyone of any gender would be forced to feel marginalized or mistreated anywhere in their workplace." However, the Executive Committee made it clear that "Badoo" is currently investigating the allegations, as well as compiling documents to uncover the factual inaccuracies found in the article. "We got the statement of Wolf Hurd and Forbes completely Here, As well as more on Forbes explosive investigations.
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