Apple inventory reaches a giant milestone, Facebook Portal will get extra work-friendly and Twitter reviews progress in opposition to hate speech. This is your Daily Crunch for August 19, 2020.
The huge story: Apple hits $2 trillion market cap
Apple’s share worth is up round 59% because the starting of the 12 months, regardless of seeing comparatively modest, 11% year-over-year income development in its most up-to-date earnings report.
Alex Wilhelm argues that Apple’s sturdy market efficiency, and related power from different tech giants, is an efficient factor for startups:
Public rallies can assist advance IPOs, and acquisitions. So immediately’s information that Apple is now sufficiently wealthy sufficient to disgrace Croesus implies that your pleasant, native startup would possibly be capable of shut that subsequent spherical at a worth that it likes.
The tech giants
Facebook Portal will get severe about distant work with BlueJeans, GoToMeeting, Webex and Zoom apps — All of the apps might be arriving sooner or later in September for the Portal Mini, normal Portal and Portal+.
Twitter claims elevated enforcement of hate speech and abuse insurance policies in final half of 2019 — The firm claims that its means to “proactively” floor content material violations for human evaluate has helped it enhance enforcement.
Top Facebook govt in India information legal criticism in opposition to a journalist for sharing information report — A evaluate of the journalist Awesh Tiwari’s put up, written in Hindi, finds that it was merely summarizing a current Wall Street Journal report.
Startups, funding and enterprise capital
JD.com’s 1-year-old well being unicorn to get $830M from Hillhouse — When Alibaba’s rival JD.com noticed a possibility within the prescription drug market, it spun out its healthcare unit right into a subsidiary known as JD Health.
Hangar raises $15 million for its enterprise studio for presidency know-how startups — Founded by former Bloomberg advisor Josh Mendelsohn, Hangar has already created 4 companies.
India’s first Earth-imaging satellite tv for pc startup raises $5 million; first launch deliberate for later this 12 months — Once all the firm’s small satellites are on orbit, the Pixxel community will be capable of present globe-spanning imaging capabilities each day.
Advice and evaluation from Extra Crunch
Max Levchin is looking forward to fintech’s subsequent huge alternatives — We sat down with Levchin for a current session of Extra Crunch Live, the place he spoke at size about what he sees as among the huge alternatives in fintech.
Dear Sophie: How can I switch my H-1B to my startup? —…