Epic Games takes on Apple, Instagram fixes a security issue and Impossible Foods raises $200 million. This is your Daily Crunch for August 13, 2020. The big story: Apple removes Fortnite from the App Store The controversy over Apple’s App Store policies has expanded to include Epic Games and its hit title Fortnite. The company […] …Continue Reading

Epic Games is launching an all-out campaign against Apple and its App Store rules. Thursday morning, Epic Games introduced a new payment mechanism through a server-side update that allowed gamers to purchase Fortnite’s in-game currency directly, allowing the app to bypass Apple’s in-app purchase framework and the substantial cut that Apple takes. Apple quickly acted […] …Continue Reading

Impossible Foods has raised $200 million more for its meat replacements. The new round values the company at a Whopper-sized $4 billion valuation, according to the data tracker PrimeUnicorn Index. The new round was led by Coatue, a technology-focused hedge fund; another New York-based hedge fund, XN, also participated in the round. Since its launch […] …Continue Reading

One of the most exciting moments in the life of every newly christened founder is the sweet relief of seeing a term sheet come in from an investor. After weeks, perhaps months (but hopefully not years!), of work fundraising and pitching, there is nothing like getting that email with a PDF attached to it laying […] …Continue Reading

A security researcher was awarded a $6,000 bug bounty payout after he found Instagram retained photos and private direct messages on its servers long after he deleted them. Independent security researcher Saugat Pokharel found that when he downloaded his data from Instagram, a feature it launched in 2018 to comply with new European data rules, […] …Continue Reading

Sidewalk Infrastructure Partners, which spun out of Alphabet’s Sidewalk Labs to fund and develop the next generation of infrastructure, has taken the covers off its first big project — the launch of a subsidiary called Cavnue to develop roadways for connected and autonomous vehicles. Starting in Michigan, Cavnue will be working with partners including Ford, […] …Continue Reading

Apple is reportedly getting ready to launch new bundles of its various subscription services, according to Bloomberg. The bundled services packages, said to be potentially called ‘Apple One,’ will include Apple services including Apple Music, Apple Arcade, Apple TV+, Apple News+ and iCloud in a number of different tiered offerings, all for one fee lower […] …Continue Reading