Ice Lounge Media

Ice Lounge Media

Facebook faces big antitrust lawsuits, DoorDash and C3.ai go public and YouTube announces new election misinformation policies. This is your Daily Crunch for December 9, 2020.

The big story: FTC and 48 state AGs sue Facebook

The Federal Trade Commission filed an antitrust lawsuit against Facebook today, as did 48 attorneys general representing 46 states.

They’re separate suits, although the two groups coordinated their investigations. Both suits claim that Facebook has behaved illegally when it acquired Instagram and WhatsApp, and that it used its monopoly power to suppress competition. The FTC suit also calls for Instagram and WhatsApp to be split off from the company.

In response, Facebook tweeted, “Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the broader business community or the people who choose our products every day.”

The tech giants

DoorDash, C3.ai skyrocket in public market debuts — Two American tech unicorns saw their values climb after they began trading today.

YouTube declares war on US election misinformation… a month late — YouTube waited until the “safe harbor” deadline, when audits and recounts must be wrapped up at the state level, to enforce a set of rules against election misinformation.

Google CEO says company will review events leading up to Dr. Timnit Gebru’s departure — In CEO Sundar Pichai’s memo, he said the company needs to “accept responsibility for the fact that a prominent Black, female leader with immense talent left Google unhappily.”

Startups, funding and venture capital

Squire, a barbershop tech startup, triples its valuation to $250M in latest round — Squire raised $59 million in a round led by Iconiq Capital.

Career Karma raises $10M to connect students to coding bootcamps — The startup is bringing a pick-and-shovel strategy to the coding bootcamp world.

Ada Ventures closes first fund at $50M, investing in diverse founders tackling society’s problems — A year ago this week, Ada Ventures launched on stage at TechCrunch Disrupt.

Advice and analysis from Extra Crunch

Coinbase’s backstory and future with ‘Kings of Crypto’ author Jeff John Roberts — “Kings of Crypto” tells the story of Coinbase, Brian Armstrong and the dream of a crypto economy.

As several marketplace unicorns prepare IPOs, a VC digs into the data — “Growth trumps all,” says Menlo Ventures partner Venky Ganesan.

How DoorDash and C3.ai can defend their red-hot IPO valuations — An excited market brings big valuations, stacks of cash and high expectations.

(Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)

Everything else

Gift Guide: The best books for 2020 as recommended by VCs and TechCrunch writers (Part 2) — Here are nine more books (plus one bonus) recommended by VCs and TechCrunch writers.

Streamers, including Netflix and CBS All Access, roll out new family-friendly features — Netflix announced the rollout of the Kids Activity Report and Family Profiles, while CBS All Access added a Kids Mode.

TC Sessions: Space 2020 launches next week — We’ll be (virtually) hosting out-of-this-world experts, innovative agencies and bold, boundary-breaking startups.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

Read more

Arrival, the U.K. electric vehicle startup that plans to become a publicly traded company through a merger with special purpose acquisition company CIIG Merger Corp., has picked Charlotte for its North American headquarters.

The company said it will add 150 new employees to support the headquarters and invest about $3 million in office space in the South End neighborhood of Charlotte. Arrival said it will be hiring for a variety of corporate positions, including human resources, marketing, finance and administrative professionals.

Arrival was a secretive electric vehicle startup for nearly five years until January when it announced a $110 million investment from Hyundai and Kia. Over the past year, the company has shared more of its plans and partners, all culminating in its announcement last month to merge with a SPAC, or shell company, to become a publicly traded company. The SPAC merger is expected to close in the first quarter of 2021.

Arrival’s aim is to produce electric vehicles that are competitive in price with traditional fossil fuel-powered vehicles and lower cost of ownership than other comparable EVs. Arrival says its modular electric “skateboard” platform, which can be used on a range of different vehicle types, along with its use of microfactories set up near major cities are how it will achieve its mission.

Arrival plans to produce commercial electric vehicles, beginning with van and bus models. The plan is to have four vehicles in the market by 2023, Arrival Automotive CEO Mike Ableson has previously said.

Arrival’s North American headquarters will be located less than 30 miles away from its first U.S. microfactory in Rock Hill, South Carolina. The company employs more than 1,200 people and has five engineering facilities and two microfactories globally.

Read more

SpaceX today pulled off the first ever high-altitude (well, high-ish) flight of Starship, the rocket the company hopes will one day take humans to the moon and Mars. Although the spacecraft failed to make a safe landing—in fact, it exploded on impact—it’s the highest any Starship prototype has flown. Still well short of orbit, though, which is at least 160 kilometers (100 miles) up.

What happened: At around 4:40 p.m. US Central Time, Starship lifted off from the company’s test facility at Boca Chica, Texas. It reached a height of 12.5 kilometers and then descended in an attempt to land. But it came down too quickly and crashed, leaving smoldering wreckage. Total time in the air: 6 minutes and 42 seconds. 

This is the company’s eighth prototype of Starship (dubbed SN8). It flew substantially higher than the 150-meter “hop” the fifth iteration made in August and the sixth made in September—each with only one engine. (SN7 didn’t fly; it was exploded deliberately as part of a pressure test.) SpaceX founder Elon Musk had previously estimated only a one-third chance of success that SN8, armed with three engines, would safely fly and land. 

A giant among rockets: SpaceX first unveiled Starship to the world in September 2019, on the 11th anniversary of the company’s first rocket launch. It’s a behemoth, standing over 50 meters tall, and weighs over 1,400 tons (1,270 metric tons) when loaded with fuel. In its final form, the vehicle will double as a six-engine, second-stage booster that sits on top of a giant first-stage booster, the Super Heavy (currently under development). It will carry more than 100 tons of cargo and passengers to deep-space destinations. 

Like the company’s other major space vehicles, Starship is designed to be reusable, to lower the overall cost of spaceflight for robotic and crewed missions alike. 

What’s next: Musk has hinted on Twitter that the next two prototypes, SN9 and SN10, will also fly rather than be used for ground testing, but there have been no clues as to when. The company did not try to get Starship into orbit this year but will likely try in 2021. Musk said in early December that he was “highly confident” SpaceX would send people to to Mars in 2026, or even in 2024 “if we get lucky.”

Read more

What happened: The US Federal Trade Commission has filed an antitrust lawsuit against Facebook for its “anticompetitive conduct and unfair methods of competition.” That includes its 2012 acquisition of Instagram and 2014 acquisition of WhatsApp. Facebook, the FTC alleges, has a monopoly on social networking.  

“Since toppling early rival MySpace and achieving monopoly power, Facebook has turned to playing defense through anticompetitive means,” the FTC wrote in its suit. “After identifying two significant competitive threats to its dominant position—Instagram and WhatsApp—Facebook moved to squelch those threats by buying the companies, reflecting CEO Mark Zuckerberg’s view, expressed in a 2008 email, that ‘it is better to buy than compete.’”

How we got here: Facebook has been under increased regulatory scrutiny in the US since 2017, when news reports revealed that the political data firm Cambridge Analytica had harvested Facebook user data without consent in the lead-up to the 2016 US presidential election. 

The FTC started its probe into Facebook’s privacy policies in March 2018, which resulted in a $5 billion fine. While this was the largest fine ever doled out to a technology company, it still represented only about 9% of the company’s 2018 revenue—and was roundly criticized by advocacy organizations and Democratic lawmakers because it did not come with conditions that required Facebook make any changes to its business practices. 

In recent months, the scrutiny has been increasing. Over the summer, House Democrats published a 449-page report on Apple, Amazon, Facebook, and Google’s monopolistic practices, arguing for increased enforcement of antitrust legislation. 

Then, in October, the Department of Justice filed an antitrust suit against Google, arguing that the company used unlawful methods to expand its search and advertising business. 

Why it matters: The DOJ suit against Google was already the most significant monopoly case filed in 20 years, and the twin lawsuits from the FTC and states are, at the very least, on par. 

Today’s action, which joined a separate lawsuit from 47 US states as well as Guam and the District of Columbia, has big repercussions for Facebook and could force it to sell off Instagram and WhatsApp. But it also portends a broader environment that is increasingly critical of the dominance of a handful of technology giants.

It could take years for these cases to make their way through the courts, but more lawsuits are coming. State attorneys general have said hat they will be filing their own lawsuits against Google in the coming weeks, as well as continuing additional scrutiny of Amazon and Apple.

Read more

The European Medicines Agency, which has been evaluating covid-19 vaccines produced by Pfizer and BioNTech, says it was hit with a cyberattack. 

Just days after a coronavirus vaccine from Pfizer and BioNTech was used for the first time in the UK, regulatory documents for the medicine have “been unlawfully accessed,” according to European authorities. 

The vaccine, known as BNT162b2, is the only one so far approved in any Western nation. The attack will have no impact on the vaccine’s rollout in Europe.

Much of the vaccine’s ingredient list is public, but the European Medicines Agency would possess non-public information such as more exact data on active ingredients and details about how the vaccine is manufactured. The regulators wouldn’t be alone in having this kind of data, but the agency is a clearinghouse and would have confidential information that state-sponsored hackers might find valuable.

No systems from BioNTech or Pfizer were breached, according to a statement from BioNTech, and there’s no sign any personal data was accessed. Law enforcement is currently investigating.

The targeting of information about vaccines and the European Medicines Agency is in keeping with a flurry of cyber-espionage activity as nations aim to learn more about the pandemic around the world.

Last month, it was reported that state-backed hackers tried to compromise the vaccine supply chain, with a specific focus on the technology and processes that keep vaccines extremely cold as they travel. Over the last year, hackers linked with Russia and North Korea have targeted companies researching coronavirus vaccines and treatments. Chinese and Iranian hackers were accused by the United States of trying to steal related research.

Both Russia and China have already started vaccinating their populations. American authorities are meeting later this week to decide on emergency approval of the Pfizer-BioNTech vaccine and then again next week to decide on another vaccine from the pharmaceutical company Moderna.

Cybersecurity concerns have further complicated an already devastating pandemic. Opportunistic criminals have also targeted stressed hospitals with ransomware attacks.

Read more

Facebook said on December 3 that it would remove posts with false claims or conspiracy theories about what’s in the covid-19 vaccines that everyone’s counting on.

In the face of rumors suggesting that Bill Gates has installed tracking microchips in the shots, or that the inoculations contain luciferase, a glowing chemical from fireflies whose name makes some people think of the devil, the company suggested it would be policing such claims by making reference to the “official vaccine ingredient list.”

What’s actually on the official ingredient list? This week an elderly UK woman became the first person outside of a trial to get the newly approved vaccine developed by Pfizer and BioNTech, and the US could greenlight the same inoculation as soon as Thursday, December 10. Along with the regulatory actions over the last week have come the most detailed disclosures yet of the new vaccine’s makeup.

Here, for instance, is what the US Food and Drug Administration says is in Pfizer’s vaccine:

  • Active Ingredient
    • nucleoside-modified messenger RNA (modRNA) encoding the viral spike glycoprotein (S) of SARS-CoV-2
  • Lipids
    • (4-hydroxybutyl)azanediyl)bis(hexane-6,1-diyl)bis (ALC-3015)
    • (2- hexyldecanoate),2-[(polyethylene glycol)-2000]-N,N-ditetradecylacetamide (ALC-0159)
    • 1,2-distearoyl-snglycero-3-phosphocholine (DPSC)
    • cholesterol
  • Salts
    • potassium chloride
    • monobasic potassium phosphate
    • sodium chloride
    • basic sodium phosphate dihydrate 
  • Other
    • sucrose

Reading the ingredient list is like looking at the side of a cereal box, except that you need a degree in organic chemistry to understand it. We got help from various scientists and biotech entrepreneurs to understand what each of the ingredients does and make some educated guesses about others.

The mRNA

Pfizer’s vaccine is the first on the market that consists of actual genetic information from a virus in the form of messenger RNA, or mRNA, a type of molecule whose usual job is to transport copies of genetic instructions around a cell to guide the assembly of proteins. Imagine an mRNA as a long ticker tape carrying instructions. It’s fairly delicate stuff, and that’s why Pfizer’s vaccine needs to be kept at around -100 °F (-73 °C) until it’s used.

The new vaccine, delivered as a shot in the arm muscle, contains an RNA sequence taken from the virus itself; it causes cells to manufacture the big “spike” protein of the coronavirus, which the pathogen uses to glom onto a person’s cells and gain entry. On its own, without the rest of the virus, the spike is pretty harmless. But your body still reacts to it. This is what leaves you immunized and ready to repel the real virus if it turns up.

The mRNA in the vaccine, to be sure, isn’t quite the same as the stuff in your body. That’s good, because a cell is full of defenses ready to chop up RNA, especially any that doesn’t belong there. To avoid that, what’s known as “modified nucleosides” have been substituted for some of the mRNA building blocks.

But Pfizer is holding back a little. The spike gene sequence can be tweaked in small ways for better performance, by means that include swapping letters. We don’t think Pfizer has said exactly what sequence it is using, or what modified nucleosides. That means the content of the shot may not be 100% public.

The lipids

The Pfizer vaccine, like one from Moderna, uses lipid nanoparticles to encase the RNA. The nanoparticles are, basically, tiny greasy spheres that protect the mRNA and help it slide inside cells.

These particles are probably around 100 nanometers across. Curiously, that’s about the same size as the coronavirus itself.

Pfizer says it uses four different lipids in a “defined ratio.” The lipid ALC-0315 is the primary ingredient in the formulation. That’s because it’s ionizable—it can be given a positive charge, and since the RNA has a negative one, they stick together. It’s also a component that can cause side-effects or allergic reactions. The other lipids, one of which is the familiar molecule cholesterol, are “helpers” that give structural integrity to the nanoparticles or stop them from clumping. During manufacturing, the RNA and the lipids are stirred into a bubbly mix to form what the FDA describes as a “white to off-white” frozen liquid.

Salts

The Pfizer vaccine contains four salts, one of which is ordinary table salt. Together, these salts are better known as phosphate-buffered saline, or PBS, a very common ingredient that keeps the pH, or acidity, of the vaccine close to that of a person’s body. You’ll understand how important that is if you’ve ever squeezed lemon juice on a cut. Substances with the wrong acidity can injure cells or get quickly degraded.

Sugar

The vaccine includes plain old sugar, also called sucrose. It’s acting here as a cryoprotectant to safeguard the nanoparticles when they’re frozen and stop them from sticking together.

Saline solution

Before injection, the vaccine is mixed with water containing sodium chloride, or ordinary salt, just as many intravenously delivered drugs are. Again, the idea is that the injection should more or less match the salt content of the blood.

No preservatives

Pfizer makes a point of saying its mixture of lipid nanoparticles and mRNA is “preservative-free.” That’s because a preservative that’s been used in other vaccines, thimerosal (which contains mercury and is there to kill any bacteria that might contaminate a vial), has been at the center of worries around over whether vaccines cause autism. The US Centers for Disease Control says thimerosal is safe; despite that, its use is being phased out. There is no thimerosal—or any other preservative—in the Pfizer vaccine. No microchips, either.

The vaccine is still known by the code name BTN162, but once it’s authorized, expect Pfizer to give it a new, commercial name that conveys something about what’s in it and what it promises for the world.

We thank the following people for explaining the vaccine ingredients: Jacob Becraft and Aalok Shah, Strand Therapeutics; Yizhou Dong, Ohio State University; Jason Underwood, Pacific Biosciences; Andrey Zarur, Greenlight Biosciences; Charles L. Cooney, MIT; and the communications staffs of Pfizer and Moderna Therapeutics.

Read more

When NASA finally gets back to the moon—probably not till sometime after 2024—it will start the groundwork for the first extraterrestrial colony in the history of human civilization, and for future missions to Mars. But America’s return for the first time since the Apollo program will also inaugurate a new era of deep-space science. A NASA report released on December 7 outlines what questions NASA still has about the moon, and how getting astronauts on the surface might help answer them.

The report hinges mainly on Artemis III, the mission to actually send astronauts back to the lunar surface (including the first woman to land on the moon). Much of the science that researchers want to do there could help engineers learn how humans can use lunar resources (like water ice) to develop a sustainable colony. It could also test out new architectures that will be important to going to Mars. Beyond that, there’s interest in learning more about the moon’s geology and interior, how it’s changed over time, and what its origins can tell us about the history of Earth and the solar system. 

Seismology

Having humans on the lunar surface means they can carry out quick experiments here and there, as well as install networks of instruments that can collect data for a very long time. “The Artemis III mission is an opportunity lost if the first of a series of geophysical and environmental network nodes is not deployed,” the report states. 

The moon’s seismic activity is of key interest. Apollo-era instruments first alerted us to the fact that the moon is not as dead and quiet as we once thought. It’s rumbling over time, experiencing moonquakes every now and then that leave the entire rock shaking. Although it’s suspected this is due to gravitational friction with Earth and not to tectonic plate movements, we don’t know enough to say for sure.  

Those Apollo instruments were turned off in 1977, but Artemis means we can put some new seismometers down on the moon that will detect even more sensitive moonquakes and help us determine what’s causing them.

Water

We know the moon has water—tons of it. Future lunar colonists could use this water to make breathable oxygen, drinkable water, and perhaps most important, rocket fuel. And we should be able to access it much more easily than we previously thought

Artemis III should offer our first chance to study the moon’s water content directly. We want to have a better sense of what sort of state it’s in, whether it’s permanent or part of a fluctuating water cycle, how widely distributed it is, and whether we truly can harvest it to derive something useful. If there are certain locations or geological structures where it should be more abundant, we’ll want to verify that, too. Crews on Artemis III will be able to drill down into the ground to see whether this water ice can be found at shallow depths, and they will be armed with instruments that can analyze its character more closely.

The history of Earth

The state of the moon can tell us something about what Earth experienced billions of years ago. Because the moon is a desolate place with no atmosphere, its surface is a pristine record of meteorite impacts over time. By considering the accumulation of craters and when they formed, we can glean some insights into what nearby Earth faced over time as well, especially during periods of the solar system when there were many more large rocks hurtling through space. Perhaps they were responsible for delivering elements and organics important to helping life evolve? The moon might be able to tell us more. 

Artemis III won’t be able to study every single crater on the moon. But direct measurements and observations of even a few can tell us what kinds of rocks were hitting the moon long ago and what they were made of, giving us a better sense of what was swirling around the solar system at the time and likely to have landed on Earth as well.

The history of the sun

Yes, we can even use the moon to study the sun. The airless moon has an ancient crust that’s basically witnessed billions of years of changes in solar winds and cosmic rays. We can measure specific electromagnetic spectrum variations in the lunar soil for clues to how radiation and heat from the sun has changed over the years.

Earth observation

Once we’re up there, we can take a look back. We already do this using satellites from our planet’s orbit, but the moon is also a convenient platform from which we can do Earth science. NASA’s report states that the moon could probably help scientists make observations at a higher resolution than those satellites stationed at Lagrange point L1 (a popular orbit for Earth science observatories), thanks to its closer proximity. The investigations could provide insight into lightning, the amount of light reflected from Earth, atmospheric chemistry, ocean science, and more. At a time when climate science is so critical, the moon might end up helping us more accurately calculate how fast the planet is warming.

Lunar gravity experiments

The moon’s gravity is just one-sixth of Earth’s, in an environment completely exposed to the vacuum of space. That means there’s a huge opportunity to conduct a ton of complex physics experiments. We could learn more about combustion and how fires spread in space (something with safety implications for future astronauts). There’s interest in seeing how different chemicals might react in this type of microgravity. There will be chances to better understand fluid dynamics for a host of different liquids. The list goes on and on.

Artemis III will not run through many of these experiments at all, but it will go a long way toward informing us what kinds of investigations can hit the ground running in Artemis IV, V, and beyond. 

Sample return

Many of the scientific goals discussed here can’t be achieved on the moon alone, and that’s why we need to bring samples back to Earth. Sample return missions are popular these days. Japan just brought back some materials from an asteroid. NASA is currently doing the same for another asteroid, and it’s also got a Mars sample return mission planned for later. China just scooped up some rubble from the moon and should be bringing those materials back to Earth in just a few days. 

According to its report, NASA wants to have the Artemis III crew collect a diverse set of samples from many different locations, across a broad spectrum of the geology. And it wants to bring back a bigger total mass of material than the average Apollo mission did. More samples means we no longer have to be so conservative about what kinds of experiments we conduct. If we want to expose moon rocks to conditions that might change them forever, we can do that knowing there’s still plenty left.

Read more

Does your local business have a Facebook page? Want more people to see your organic Facebook posts? In this article, you’ll discover a strategy to grow an engaged, local Facebook audience for your business. Learn how to plan your post schedule, define a budget to test the performance of each post, and find specific conversion […]

The post Facebook Organic and Paid Reach Strategy for Local Businesses appeared first on Social Media Examiner | Social Media Marketing.

Read more
1 2,531 2,532 2,533 2,534 2,535 2,684