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Hello and welcome to the Daily Crunch on Friday, March 25th, 2022! This is the last Daily Crunch profile I will write for you. I will miss our daily chats and greetings. But there is no time to relax on Friday. We have work to do! Let’s go! – Alex
TechCrunch Top 3
- EU, US reach preliminary data deal: if you don’t follow Natasha Lomas, our ace reporter, when it comes to the world of technology, on all things regulation and privacy, you’ve passed. The European Union and the U.S. have “reached an agreement in principle on a deal to resume transatlantic data flows,” potentially ending long-standing uncertainty about moving bits across the Atlantic, Lomas reported.
- Talking about huge regulatory changes: The EU is in the news again today to secure a deal in the region on what we call “major competition reforms”. On the docket there are things like mandatory message interoperability. Does this mean the days of turning off iMessage may be coming to an end? It’s unclear what impact the rule change will have on the U.S., but big things are brewing.
- Instacart wants to make its equity more competitive: There are nuances in the mechanics at work, but Instacart repriced its equity value for employee compensation purposes after raising money last year at an equity valuation of nearly $40 billion. at a lower price. TechCrunch is curious if we’re seeing the beginning of a trend this year, as other unicorns may choose to make similar moves to secure their recruiting capabilities.
Startups and VCs
The creator economy is: chart-up-and-to-the-right: like there is no tomorrow, everyone wants a piece of the pie. Marketing automation stalwart HubSpot launches new podcast program for advanced marketers Looking to up their content production game, including paying creators based on the number of content consumers. Of course, the creator economy also has its downsides.Content moderation remains a challenge, and some Former TikTok moderator is trying to garner enough support to launch a class-action lawsuit Against social media belle de jour over claims they experienced psychological trauma while serving as presenter.
At the same time, the work-from-home trend appears to extend beyond “avoiding offices like the plague.” Firstbase raises $50M to further simplify remote employee onboarding and logistics.
Other things to note this good Friday:
Cloud Providers’ Default Retention Policy Isn’t Enough: You’d Better Back Up Your SaaS
Many jobs today are moving to the cloud as SaaS tools replace traditional on-premises software in the enterprise.
But while SaaS tools make life easier, the nature of cloud businesses and their data retention policies means that in the event of a cyber attack or failure, it is your responsibility to back up all data used by these tools, not your cloud provider, Cohesity Brian Spanswick, Chief Information Security Officer and Director of IT at .
To protect their data, companies must proactively establish mechanisms to protect, backup and restore all data used by SaaS tools within the enterprise, Spanswick wrote.
“It’s not enough to just rely on the provider’s default retention and recovery policies.”
(TechCrunch+ is our membership program that helps founders and startup teams succeed. you can register here.)
big tech companies
- Spotify tests new car mode: If you’re returning to your commute during the dwindling COVID restrictions we live in, you’ve probably noticed that Spotify looks a little different in your car. Well, think it’s confirmed: Spotify is experimenting with a new version of Car Mode. Although they still are: experiments.
- U.S. charges Russian spies with domestic hacking: Here’s a small note on the hacking state phase. This is big business. The U.S. is charging four Russian hackers with “a years-long hacking campaign targeting critical infrastructure, including U.S. nuclear power operators and Saudi petrochemical facilities.” Yo.