Epic games accepts Apple, Instagram Fixes Security Issue, Impossible Foods Raises $ 200 Million. This is your daily crisis for August 13th, 2020.
The big story: Apple is removing Fortnite from the App Store
The controversy over Apple’s App Store policies has spread to Epic Games and the hit Fortnite. The company introduced a direct payment option for its in-game currency on mobile devices, which prompted Apple to remove the app for violating the App Store rules.
“Epic has enabled a feature in its app that has not been reviewed or approved by Apple, with the express intention of violating the App Store’s in-app payment guidelines, which apply to any developer selling digital goods or Services are sold, “Apple said.
Epic meanwhile said that it is taking legal action against Apple and that the game’s removal “is another example of Apple using its tremendous power to impose undue restrictions and its 100% monopoly on the iOS in-app market – Maintain unlawful payment processing. ”
The technology giants
Facebook is preparing for election day and providing US users with voting resources. The hub will centralize election resources for US users and ideally vaccinate at least some of them against the platform’s ongoing misinformation epidemic.
Instagram didn’t remove photos and direct messages from its servers – A security researcher received a $ 6,000 bug bonus after discovering that Instagram kept photos and private direct messages on its servers long after they were deleted.
Slack and Atlassian are strengthening their partnership with deeper integrations – At the heart of these integrations is the ability to forge deep connections with Atlassian products in Slack.
Startups, funding and venture capital
Impossible Foods devours another $ 200 million – Since its inception, the plant-based meat company has raised $ 1.5 billion from investors.
Omaze raises $ 30 million after expanding beyond celebrity campaigns. The Omaze model has turned its back on celebrity campaigns and includes fundraisers that offer prizes like an Airstream caravel or a trip to the Four Seasons resort in Bora Bora.
We’re exploring the future of SaaS at Disrupt this year – we’re bringing together Maha Ibrahim from Canaan Partners, David Ulevitch from Andreessen Horowitz and Mary D’Onofrio from Bessemer Venture Partners to explain how the landscape has changed.
Advice and analysis of extra crunch
How To Get What You Want In A Term Sheet – Lior Zorea discusses the reality of term sheets.
Five Success Factors for Behavioral Health Startups – Courtney Chow and Justin Da Rosa of Battery Ventures argue that behavioral health is particularly well suited to capitalizing on the digitization trends that COVID-19 has accelerated.
Mariam Naficy, CEO of Minted.com, shares “Biggest Surprise About Entrepreneurship” – Naficy has weeded with us on topics that founders don’t often discuss.
Everything else
Digital imaging pioneer Russell Kirsch dies at the age of 91. It’s hard to exaggerate the impact of his work that led to the first digitally scanned photo and the creation of what we consider pixels today.
AMC will be offering 15-cent tickets when more than 100 US theaters reopen on August 20. – The theater juggernaut announced plans to reopen more than 100 theaters in the US on August 20.
The Daily Crunch is ProWellTech’s summary of our biggest and most important stories. If you would like this to be delivered to your inbox every day around 3 p.m. Pacific time, you can register here.
