Daily Crunch - WeWork CEO steps down

TechCrunch Newsletter

Wednesday, September 25, 2019 • By Anthony Ha

Happy Wednesday After several reports suggesting that WeWork’s Adam Neumann is stepping down as CEO, the news is now official. Meanwhile, Facebook clarifies some of its policies around content from politicians and my favorite video game franchise launches on iOS. Here’s your Daily Crunch for September 25, 2019.

CEO ouster, looming layoffs and devaluation turn WeWork into cautionary tale Adam Neumann succumbed to pressure yesterday to step down as CEO, taking the role of non-executive chairman at the company he co-founded nine years ago. Layoffs are likely to follow — in fact, sources tell TechCrunch that the scope of these layoffs will be massive, with newer business units scaled back so the company can focus on its core business. (Extra Crunch membership required.) Read more

Calling All Fintechs: Visa Partner Portal is Live Sponsored by Visa Inc. Visa Partner (Partner.Visa.com) provides Fintechs unprecedented access to Visa's technologies, and network. It is Visa's latest way to connect with companies leading the charge on the future of payments, providing benefits like faster licensing, partner matching, and "how-to" content. Read more

Facebook promises not to stop politicians' lies & hate Facebook says it won't fact check politicians' speech or block their content if it's newsworthy — even if that content violates the site's hate-speech rules or other policies. Read more

Nintendo's 'Mario Kart Tour' is out now for iPhone, iPad and Android Like Nintendo's other mobile releases, Mario Kart Tour is free to play, with in-app purchases (in-game currency called “rubies”) that you use for upgrades and unlocks. Read more

Media metrics giant Comscore pays SEC $5 million in fraud settlement The company's share price has been in free-fall since some of its actions came to light earlier this year. It was trading above $20 back in April; the company's stock now sits just above $2 per share. Read more

Devin Wenig steps down as eBay CEO Earlier this year, investors Elliott Management suggested key structural changes to help reinvigorate a floundering company. Layoffs and restructuring followed the letter. Read more

Apple says a bug may grant 'full access' to third-party keyboards by mistake "Full access" allows keyboard makers to capture keystroke data or anything you type — like emails, messages or passwords. This bug may allow third-party keyboards to gain full access permissions without user approval. Read more

Fidel raises $18M to let developers build on top of payment data from Visa, Mastercard and Amex Working in partnership with Mastercard, Visa and American Express, Fidel has developed a suite of APIs that make it easy to link a user's payment card to an app. This means that developers are able to build card-linked applications "in a matter of minutes.” Read more

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard System Administrator / Level 3+ Support at Cartwheel (New York, NY, USA) Senior Writer at NFX (San Francisco) Senior IT Security/Privacy, CCPA Tools at Genentech, Inc. (South San Francisco, CA, USA) Vice President and Chief Information Officer (13064) at American University (Washington D.C., DC, USA) Senior Corporate Counsel, Privacy & Product at Okta (San Francisco, CA, USA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

View this email online in your browser Privacy Policy | Terms of Service | Unsubscribe © 2019 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103