Adobe provides up on Figma, Apple Watch gross sales halted and hackers entry thousands and thousands of accounts


Hey, people, welcome to Week in Overview (WiR), TechCrunch’s common e-newsletter that recaps the highest tech — and tech-related — tales over the previous a number of days. With the vacation across the nook, this reporter anticipated a quieter week. However the reverse occurred — there’s been no scarcity of tales to write down about.

On this version of WiR, we cowl Comcast and Mr. Cooper buyer knowledge being stolen, electrical scooter firm Chicken submitting for chapter, Adobe ending its Figma acquisition plans, and Apple being compelled by the Worldwide Commerce Fee (ITC) to halt gross sales of the Apple Watch. We additionally highlight Nikola founder Trevor Milton’s securities fraud sentencing, Microsoft’s Copilot chatbot getting a music era function and Shopper Experiences’ impression of Tesla’s Autopilot recall repair (spoiler: it’s not good).

It’s quite a bit to get by way of, so we’ll hop to it. However first, a reminder to enroll right here to obtain WiR in your inbox each Saturday should you haven’t already performed so.

Most learn

Hackers goal Comcast: Comcast has confirmed that hackers exploiting a critical-rated safety vulnerability accessed the delicate info of virtually 36 million Xfinity prospects. The vulnerability, often known as “CitrixBleed,” is present in Citrix networking gadgets usually utilized by large companies and has been beneath mass exploitation by malicious actors since August, Carly studies.

Mr. Cooper beneath hearth: In associated information, hackers stole the delicate private info of over 14.6 million Mr. Cooper prospects, Zack writes. The mortgage and mortgage large confirmed that the criminals stole buyer names, addresses, dates of delivery and cellphone numbers, in addition to Social Safety numbers and checking account numbers.

Adobe provides up: Adobe’s $20 billion mega-bid to purchase rival Figma is now formally useless after the businesses stated this week that regulatory pushback in Europe brought on them to finish their acquisition plans. First introduced in September final yr, the deal was all the time going to draw regulatory scrutiny as a result of measurement of the transaction and the truth that it took one in every of Adobe’s main rivals out of the image, notes Paul.

Apple halts Apple Watch gross sales: Apple has halted the sale of its Sequence 9 and Extremely 2 smartwatch following an October ruling by the ITC owing to a patent dispute with California-based med tech agency Masimo. The dispute is over the blood sensor monitor on the most recent flagship Apple Watches; Apple is interesting the ITC’s ruling.

Nikola founder sentenced: Trevor Milton, the disgraced founder and former CEO of electrical truck startup Nikola, was sentenced on Monday to 4 years in jail for securities fraud. Rebecca writes that the sentence caps off a multi-year saga that at one level despatched Nikola inventory hovering 83% solely to come back crashing down months later over accusations of fraud and canceled contracts.

Copilot will get music writing expertise: Microsoft’s AI-powered chatbot, Microsoft Copilot, can now compose songs because of an integration with generative AI (GenAI) music app Suno. Customers can enter prompts into Copilot like “Create a pop track about adventures with your loved ones” and have Suno, through a plug-in, carry their musical concepts to life.

Tesla repair “inadequate”: Following checks, Shopper Experiences says Tesla’s repair for its Autopilot recall of over 2 million autos is “inadequate.” Whereas the testing isn’t complete, Sean notes, it exhibits questions stay unanswered about Tesla’s strategy to driver monitoring — the tech on the coronary heart of the recall.

Chicken recordsdata for chapter: Chicken has filed for Chapter 11 chapter, capping off a turbulent yr for the electrical scooter firm. In a press launch, Chicken confirmed it had entered right into a “monetary restructuring course of aimed toward strengthening its stability sheet,” with the corporate persevering with to function as regular in pursuit of “long-term, sustainable progress.”


Want some listening materials whereas prepping a vacation dish — or to tune out particularly bothersome relations? You’re in luck — TechCrunch’s podcasts will match the invoice.

On this week’s Fairness, the second of a two-part sequence wanting again at 2023, the crew recapped the autumn of Silicon Valley Financial institution, FTX founder Sam Bankman-Fried’s lengthy and tedious trial and OpenAI’s wild inside politicking.

In the meantime, Discovered centered on Charlie Hernández and his journey of constructing My Pocket Lawyer, an internet platform that’s meant to democratize entry to authorized recommendation and steering for many who may not be capable to afford a lawyer. Hernández talked about why he determined to place his legislation diploma to make use of to deal with this drawback.

And Chain Response featured Staci Warden, the CEO of the Algorand Basis, the group behind the layer-1 blockchain Algorand. Algorand is a Singapore-based blockchain that goals to be quick, safe, decentralized and “the greenest” with its carbon-negative community.


TC+ subscribers get entry to in-depth commentary, evaluation and surveys — which you understand should you’re already a subscriber. When you’re not, think about signing up. Listed here are a number of highlights from this week:

Etsy layoffs: Etsy just lately introduced that it could lay off 11% of its workforce — which comes as no shock to these carefully following the e-commerce section, Anna writes. “Junkification” and fierce competitors paint a troublesome path forward, she predicts.

DEI backlash: Dom writes in regards to the discouraging backlash in opposition to DEI (variety, fairness and inclusion), a framework to assist create extra acutely aware office initiatives to assist marginalized communities, within the tech sector.

Figma’s rosy outlook: Anna writes about how, even with out Adobe, issues don’t look all that dangerous for Figma. CB Insights estimates that the startup continues to be value between $8.3 billion and $9 billion.


Leave a Reply

Your email address will not be published. Required fields are marked *