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Twilio gets hacked, teens ditch Facebook, and SpaceX takes South Korea to the moon

TechCrunch

Welcome back to Week in Review , the newsletter where we quickly recap the top stories from TechCrunch dot-com this week. whereas in 2014 around 71% of teens used Facebook, the study says in 2022 that number has dropped down to 32%. Want it in your inbox every Saturday? Sign up here. Is Facebook for old people? other stuff.

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SAP faces probe in the US over alleged price fixing in government contracts

CIO

German software giant SAP is under investigation by US officials for allegedly conspiring to overcharge the US government for its technology products over the course of a decade. Federal agents have searched Carahsoft’s offices in Washington, DC, and the DOJ is reviewing court records filed in Baltimore.

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From Bugs to Breaches: 25 Significant CVEs As MITRE CVE Turns 25

Tenable

CVE-2010-2568: Windows Shell Remote Code Execution Vulnerability Remote Code Execution Exploited Zero-Day Local Stuxnet High 2010 Why it’s significant: Regarded as one of the most sophisticated cyberespionage tools ever created, Stuxnet was designed to target SCADA systems in industrial environments to reportedly sabotage Iran's nuclear program.

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GitLab oversaw a $195 million secondary sale that values the company at $6 billion

TechCrunch

Company co-founder and CEO Sid Sijbrandij believes the increase is due to his company’s progress adding functionality to the platform. The company, which launched in 2014, offers a DevOps platform to help move applications through the programming lifecycle. GitLab hauls in $268M Series E on 2.75B valuation. ’

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Remembering the startups we lost in 2020

TechCrunch

The closure came just three years after it launched with the goal to build software for startups to navigate fundraising, hiring, acquisition deals and collaboration with their legal team. When it came to raising a Series B, Merchant says the company struggled to close and lost investor interest due to WeWork’s failed IPO.

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Ex-Uber software engineers raise $3M for Sperta, a 6-month-old startup that wants to help fintechs better manage fraud risk

TechCrunch

Diao’s first project at the company after starting in 2014 was building a rules engine called Mastermind to fight fraud. Many of the current rules engine offerings tout a no-code UI to build rules with a few mouse clicks the duo believes that won’t work out well “when the logic gets more complex,” Diao said. .

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Revenue-based financing: The next step for private equity and early-stage investment

TechCrunch

However, due to RBI being a relatively new model, publicly available data is limited. Beyond B2B SaaS and impact investing, many other verticals are adopting the model as well, including e-commerce/D2C, consumer software, food and beverage, and more. based revenue-based investing firms. This figure of $592.8