{"id":18736,"date":"2020-05-20T03:05:37","date_gmt":"2020-05-20T03:05:37","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/daily-crunch-disneys-streaming-chief-departs-for-tiktok.html"},"modified":"2020-05-20T03:05:37","modified_gmt":"2020-05-20T03:05:37","slug":"daily-crunch-disneys-streaming-chief-departs-for-tiktok","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/daily-crunch-disneys-streaming-chief-departs-for-tiktok.html","title":{"rendered":"Daily Crunch: Disney\u2019s streaming chief departs for TikTok"},"content":{"rendered":"

TikTok <\/a> enlists a big name from Disney as its new CEO, Walmart is shuttering its Jet e-commerce brand and EasyJet admits to a major data breach.<\/p>\n

Here\u2019s your Daily Crunch for May 19, 2020.<\/p>\n

1. Disney streaming exec Kevin Mayer becomes TikTok\u2019s new CEO<\/a><\/strong><\/p>\n

Mayer\u2019s role involved overseeing Disney\u2019s streaming strategy, including the launch of Disney+ last fall, which has already grown to more than 50 million subscribers. He was also seen as a potential successor to Disney CEO Bob Iger; instead, Disney Parks, Experiences and Products Chairman Bob Chapek was named CEO in a sudden announcement in February.<\/p>\n

Mayer was likely an attractive choice to lead TikTok not just because of his streaming success, but also because hiring a high-profile American executive could help address politicians\u2019 security concerns about the app\u2019s Chinese ownership.<\/p>\n

2. Walmart says it will discontinue Jet, which it acquired for $3B in 2016<\/a><\/strong><\/p>\n

Walmart tried to put a positive spin on the news, saying, \u201cDue to continued strength of the Walmart.com brand, the company will discontinue Jet.com. The acquisition of Jet.com nearly four years ago was critical to accelerating our omni strategy.\u201d<\/p>\n

3. EasyJet says 9 million travel records taken in data breach<\/a><\/strong><\/p>\n

EasyJet, the U.K.\u2019s largest airline, said hackers have accessed the travel details of 9 million customers. The budget airline said 2,200 customers also had their credit card details accessed in the data breach, but passport records were not accessed.<\/p>\n

4. Where these 6 top VCs are investing in cannabis<\/a><\/strong><\/p>\n

The results paint a stunning picture of an industry on the verge of breaking away from a market correction. Our six respondents described numerous opportunities for startups and investors, but cautioned that this atmosphere will not last long. (Extra Crunch membership required.)<\/p>\n

5. Brex brings on $150M in new cash in case of an \u2018extended recession\u2019<\/a><\/strong><\/p>\n

Where upstart companies aren\u2019t cutting staff, they are often reducing spend \u2014 which is bad news for Brex, since it makes money on purchases made through its startup-tailored corporate card. But co-founder Henrique Dubugras seems largely unbothered on how the pandemic impacts Brex\u2019s future.<\/p>\n

6. Popping the hood on Vroom\u2019s IPO filing<\/a><\/strong><\/p>\n

Yesterday afternoon, Vroom, an online car buying service, filed to go public. What does a private, car-focused e-commerce company worth $1.5 billion look like under the hood? (Extra Crunch membership required.)<\/p>\n

7. Experience marketplace Pollen lays off 69 North America staff, furloughs 34 in UK<\/a><\/strong><\/p>\n

Founded in 2014 and previously called Verve, Pollen operates in the influencer or \u201cword-of-mouth\u201d marketing space. The marketplace lets friends or \u201cmembers\u201d discover and book travel, events and other experiences \u2014 and in turn helps promoters use word-of-mouth recommendations to sell tickets.<\/p>\n

The Daily Crunch is TechCrunch\u2019s roundup of our biggest and most important stories. If you\u2019d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here<\/a>.<\/em><\/p>\n

<\/a><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunch\/social\/~3\/QnpSYyH-HZs\/<\/p>","protected":false},"excerpt":{"rendered":"

TikTok enlists a big name from Disney as its new CEO, Walmart is shuttering its Jet e-commerce brand and EasyJet admits to a major data breach. Here\u2019s your Daily Crunch <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[10,7,14,15,6,12,11],"class_list":["post-18736","post","type-post","status-publish","format-standard","hentry","category-latest-update","tag-computer-news","tag-downloads","tag-microsoft-download-news","tag-networking-updates","tag-technology-update","tag-wordpress-plugin-download","tag-wordpress-theme-download"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t