Online shopping service Instacart says reused passwords are to blame for a recent spate of account breaches, which saw personal data belonging to hundreds of thousands of Instacart customers stolen and put up for sale on the dark web. The company published a statement late on Thursday saying its investigation showed that Instacart “was not […] …Continue Reading

Fringe is a new company pitching employers on a service offering lifestyle benefits for their employees in addition to, or instead of, more traditional benefits packages. “We didn’t think it made sense that employees need to be sick, disabled, dead or 65+ to benefit from their benefits,” wrote Fringe chief executive Jordan Peace, in an […] …Continue Reading

Reddit co-founder Alexis Ohanian is leaving Initialized Capital, the investment firm he co-founded in 2011 with Garry Tan, as first reported by Axios and confirmed by TechCrunch. The move comes weeks after Ohanian publicly stepped down from the Reddit board of directors, with Y Combinator president Michael Seibel taking his spot. Ohanian launched Initialized Capital […] …Continue Reading

Extra Crunch Live is on fire, and the hits keep rolling! Next week, we’ll sit down with Initialized’s Alexis Ohanian and Garry Tan. You can catch the chat live on Tuesday, June 2 at 2 p.m. EDT/11 a.m. PDT. Alexis Ohanian is the founder and former CEO of Reddit, and his investment portfolio includes Flexport, […] …Continue Reading