Twitter prepares to hand out more blue checkmarks, YouTube suspends OANN and Discord is raising a big funding round. This is your Daily Crunch for November 24, 2020.
The big story: Twitter will bring back verification
Twitter paused its blue checkmark verification system in 2017 as it faced controversy over who gets verified — specifically over the decision to verify the organizer of the infamous and deadly white supremacist rally in Charlottesville.
Since then, Twitter has done occasional verifications for medical experts tweeting about COVID-19 and candidates running for public office, but it hasn’t brought back the program in a systematic way.
Now Twitter says it will relaunch verification in 2021, and that it’s currently soliciting feedback on the policy. Initially, verification will focus on six types of accounts: government officials, companies/brands/nonprofits, news, entertainment, sports and activists/organizers/other influential individuals.
The tech giants
YouTube suspends and demonetizes One America News Network over COVID-19 video — YouTube said, “After careful review, we removed a video from OANN and issued a strike on the channel for violating our COVID-19 misinformation policy.”
Instagram businesses and creators may be getting a Messenger-like ‘FAQ’ feature — This new feature will allow people to start conversations with businesses or creators’ accounts by tapping on a commonly asked question within a chat.
Fortnite adds a $12 monthly subscription bundle — The $11.99 monthly Fortnite Crew fee entitles players to a full season battle pass, 1,000 monthly bucks and a Crew Pack featuring an exclusive outfit bundle.
Startups, funding and venture capital
Discord is close to closing a round that would value the company at up to $7B — The new funding comes just months after a $100 million investment that gave the company a $3.5 billion valuation.
Dija, a new delivery startup from former Deliveroo employees, is closing in on a $20M round led by Blossom — Few details are public about Dija, except that it will offer convenience and fresh food delivery using a “dark” convenience store mode.
Marie Ekeland launches 2050, a new fund with radically ambitious, long-term goals — Ekeland used to be an investor at French VC firm Elaia, where she backed adtech firm Criteo.
Advice and analysis from Extra Crunch
As edtech grows cash rich, some lessons for early stage — The valuation bumps for both Duolingo and Udemy underscore just how much investor confidence there is in edtech’s remote learning boom.
Working to understand C3.ai’s growth story — As its IPO looms, how quickly did C3.ai grow in its October quarter?
Decrypted: Apple and Facebook’s privacy feud, Twitter hires Mudge, mysterious zero-days — Zack Whittaker’s latest roundup of cybersecurity-related news.
(Extra Crunch is our membership program, which aims to democratize information about startups. And until November 30, you can get 25% off an annual membership.)
Everything else
Biden-Harris team finally get their transition .gov domain — This comes after the General Services Administration gave the green light for the Biden-Harris team to transition from political campaign to government administration.
India bans 43 more Chinese apps over cybersecurity concerns — India is not done banning Chinese apps.
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