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Thursday, January 30, 2014
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Apple wants to use natural energy sources to keep MacBooks powered while on the move. The company has won a patent for a laptop with a lid that features a second display, touch inputs and solar cells. The latter could help users keep their MacBooks' batteries topped up without having to plug in an external charger. Apple filed its application in 2010, and USPTO granted it this week. The patent for an "electronic device display module" details Apple's proposal for a two-sided glass laptop casing that features a regular screen on the front.


3:38 PM

Apple wants to use natural energy sources to keep MacBooks powered while on the move. The company has won a patent for a laptop with a lid...

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lucas

Clinkle is the hottest app around to have done mostly nothing. The stealth payments service, which has raised $25 million from big-name investors, has yet to publicly launch. But that doesn’t mean it can’t be hacked.


Today, a guest user posted a list of 33 usernames, user IDs, profile photos, and phone numbers to PasteBin. Based on the data provided, it seems as though these users are Clinkle employees who are testing the app.


Founder Lucas Duplan is on the list (yep, that’s his Clinkle profile pic, shown above), as well as former Netflix CFO and Clinkle COO Barry McCarthy. Former PayPal exec Mike Liberatore, now Clinkle CFO, is also listed.


The data was seemingly accessed through a private API that Clinkle has in place. Referred to by the hacker as “typeahead”, the API appears to be the basis of an autocomplete tool, allowing uses to type a single letter (like ‘A’) and find all usernames starting with that letter (like ‘Adam’ and ‘Andrew’). [Note: Twitter has a similar tool with the same name — it's unclear if they're one and the same.]


Clinkle seems to use this API in their own app (presumably so users can find friends when making a payment), which has allowed one hacker to search user names, leading to the associated user IDs and phone numbers.


Here’s what the hacker had to say:



Results from Clinkle typeahead API. It requires no authentication. The app stores writes results to disk automatically. This is much worse than Snapchat’s breach. Phone numbers masked as courtesy.



In other words, whoever broke into the app didn’t need a userID to access Clinkle’s list of testers or their personal information, which seems to be saved on a Clinkle server.


But to be fair, Clinkle’s breach isn’t quite the same as Snapchat’s, considering the information of 4.6 million Snapchat users was released, as opposed a small group of employee testers.


Here’s Clinkle’s explanation for the breach:



You’re describing visibility that was purposefully built into the system as part of our preliminary user testing and was always intended to be turned off. As you can see from the list, we’ve been testing internally and registrations have been limited to Clinkle employees. We were using an open API, which has now been closed. That said, only names, phone numbers, photos, and Clinkle unique IDs were accessible.



Clinkle points to a Stanford student as the alleged hacker but that has yet to be confirmed.


Screenshot 2014-01-30 14.55.33


Clinkle, rumored to launch later this year, currently has both an iOS app in iTunes and an Android app available in the Google Play store for those who wish to join the waiting list.


Based on the size of the app (52MB) and the unzipped files uncovered after downloading it, it seems like the full Clinkle app is out there, rather than a placeholder app built for wait list registrants.


Right now, the app has a waiting list wall, which “VIP” members can bypass once an administrator grants permission. This likely allows Clinkle to demo the app to investors and partners without having to go through some cumbersome download process.


During the process of fundraising, I’m sure that little trick came in handy. Not so much today, though.


The hack produced some interesting data about the team that works on Clinkle.


Founder Lucas Duplan is listed as the first user (User ID: 1), with a picture that very much resembles him holding cash money. The CFO, Barry McCarthy, is also listed with a legitimate profile photo, as is the Head Of Comms, who confirmed the validity of the images and the data.


The photos from Clinkle’s Team page, where 22 unidentified Clinkle employees are pictured alongside goofy pseudonyms, also seem to resemble people in the leaked profile photos. Finally, we can put faces to names.


So what are the implications?


Well, Clinkle hasn’t actually launched yet, so it’s very possible that the team hasn’t been focusing on security. However, security and trust should be top priorities for a payments company. Especially for a company so young.


Clinkle was founded by a group of more than a dozen Stanford students in 2011, and has stayed under the radar while key employees finish their degrees. The company was partially funded by Stanford professors before raising $25 million in a party round. Over 18 investors participated.


The WSJ, followed by every other news outlet, proclaimed this the biggest Stanford startup exodus in history. Clinkle was all the rage.


Seriously, Silicon Valley wouldn’t shut up about it.


In fall, however, two rounds of layoffs left many wondering if the Stanford-fueled payments startup was really the Messiah of trade. The company slashed around 30 employees, and then another 16.


Around the same time, screenshots and videos of the app in action were leaked, letting Clinkle’s cat out of the bag.


Rumors circulated that the company was going through leadership issues. That those promised equity weren’t getting it. That folks were overworked and underpaid. That there was no transparency about the product timeline, or the product itself. That 22-year-old Lucas Duplan was taking home a six-figure salary and mistreating employees.


Today, the same questions as before creep back into our consciousness.


What have they been doing with all that money this whole time? Posting profile photos that confirm our worst fears? Whether the breach was a result of intentional openness or unintentional laziness on the part of Clinkle is unclear, but the photo doesn’t lie.





3:23 PM

Clinkle is the hottest app around to have done mostly nothing. The stealth payments service, which has raised $25 million from big-name inv...

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hoteltonight

Last-minute hotel booking startup HotelTonight just announced that it has landed a personal investment from Barry Sternlicht, founder of Starwood Capital Group and former chairman and CEO of Starwood Hotels & Resorts Worldwide.


Sternlicht, who has been described as the “king of hotels,” is also joining HotelTonight as a strategic adviser.


“He knows everybody in the hotel industry,” HotelTonight CEO Sam Shank told me, later adding, “When we launched, there was a lot of doubt that we were beneficial to the industry …. Getting the top guy in hotels to back us and to support us, that’s validation that we’re becoming grown up.”


According to Shank, Sternlicht should be able to help HotelTonight improve its hotel experience and also reach broader deals with large chains, which is particularly important for coverage outside of major cities. On that front, HotelTonight is also announcing that it has reached agreements with several chains, including InterContinental Hotels Group, Hyatt Hotels & Resorts, Best Western International, Kimpton Hotels & Restaurants, FRHI Hotels & Resorts, La Quinta Inn & Suites, Barcelo Hotels & Resorts, and Steigenberger Hotel Group.


“Booking windows are shrinking and customers are going mobile, trends which position HotelTonight perfectly for the future,” Sternlicht said in the release. “But there’s something more that attracted me – it’s that HotelTonight is proving booking by booking that both hotels and distributors can win.”


Shank declined to specify the size of Sternlicht’s investment, except that it was “a significant dollar amount.”


HotelTonight says it has been downloaded more than 9 million times and now works with 10,000 hotels in 250 destinations. The company raised a $45 million funding round last summer.





3:23 PM

Last-minute hotel booking startup HotelTonight just announced that it has landed a personal investment from Barry Sternlicht, founder of St...

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michael arrington

CrunchFund, the early-stage investment firm that’s basically one giant conflict-of-interest statement for TechCrunch, is raising $40 million for a second fund, according to a regulatory filing.


I’ve emailed partners Michael Arrington and Patrick Gallagher for confirmation, and I’ll update this post if I hear back. (CrunchFund’s third partner, TechCrunch alum MG Siegler, left to join Google Ventures last year.)


Arrington, of course, is the founder of TechCrunch. He launched CrunchFund in the fall of 2011 with a $20 million fund. AOL, which acquired TechCrunch a year before, was a big investor. (The announcement of the CrunchFund led to much journalistic handwringing and Arrington’s eventual ouster from this site, though he remains involved in TechCrunch’s conferences.)


Since then, CrunchFund has backed a long list of companies (long enough that TechCrunch writers sometimes have trouble keeping track), with recent investments in video-sharing app Mindie, location-sharing app Highlight, and journaling app Heyday.


Following MG’s departure and some ensuing speculation about the firm’s future, Fortune’s Dan Primack took a look at the firm’s results thus far, concluding that it shouldn’t have any trouble raising a second fund, and that the mix of investors was likely to change.





2:43 PM

CrunchFund , the early-stage investment firm that’s basically one giant conflict-of-interest statement for TechCrunch, is raising $40 millio...

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WIMM smartwatch

Google’s earnings call doesn’t feature CEO Larry Page this time around, which is a disappointment in terms of product discussion. But Chief Business Officer Nikesh Arora discussed briefly hardware during the call, flagging the search giant’s growing satisfaction with the Nexus line and with the Nexus 5 in particular.


Arora said that Google is seeing “strong interest in Nexus hardware,” and “great reception for Nexus 5,” especially during the holiday sales period. That’s due to the marketing team’s performance creating ads and also fostering a retail environment conductive to purchases.


On the subject of Nest, Google reiterated the line it’s been touting so far, which is that they saw the goals of Nest and themselves in alignment. Google wants to help Nest scale, it said, and will continue to devote resources to this goal. That’s somewhat different from what TechCrunch heard recently, which suggested that the learning thermostat and smoke detector weren’t really the focus of the deal; instead, Google wants to put the Nest team in charge of all of its hardware projects.


Asked whether the Motorola acquisition will affect their hardware plans, Arora said that he thinks their continued investments in other areas should show that they’re still committed to hardware.


“As you know from the Nest acquisition, Glass and wearables, we’re continuing to innovate,” he said about their ongoing hardware projects. It’s an interesting characterization, because Google has yet to make anything public around wearables beyond Glass, yet Arora separated it out as a new category. Late last year, we heard that a Google smartwatch might be right around the corner, however, so this could be a tantalizing hint that this kind of device (or other wearable efforts) could indeed be on the horizon. Remember that Google acquired WIMM Labs last year, which made an Android-powered smartwatch.


Google Q4 2013





2:43 PM

Google’s earnings call doesn’t feature CEO Larry Page this time around, which is a disappointment in terms of product discussion. But Chief...

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yahoo

The details are a bit sparse right now, but Yahoo has just disclosed by way of their Tumblr that they’ve detected what they’re calling a “coordinated effort to gain unauthorized access to Yahoo Mail accounts”.


Yahoo didn’t disclose how many accounts were affected, but we’ve asked for clarification and will update the post accordingly. It’s possible that they’ve yet to nail down an exact number. Given that it was enough to disclose the news in a public blog post, it’s presumably a non-trivial amount.


The (sort of?) good news: it doesn’t appear that Yahoo’s own servers were compromised — instead, it looks like someone is firing off a bunch of login attempts using emails/passwords secured from an unnamed “third-party database compromise”. In other words: the attackers got someone else’s database of usernames/passwords, and are mass-checking for accounts that use them same credentials on Yahoo Mail.


In response to the attack, Yahoo has reset the passwords of all accounts that appear to have been affected. If you’re trying to log in and Yahoo is asking you to change your password and verify your identity via SMS, this is probably why.


[Photo credit: Scott Schiller on Flickr]





2:43 PM

The details are a bit sparse right now, but Yahoo has just disclosed by way of their Tumblr that they’ve detected what they’re calling a “c...

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zynga-logo

Paired with the news of a big half-billion dollar acquisition, Zynga is also laying off about 15 percent of its workforce, or about 314 employees.


This is part of a cost-reduction plan that is supposed to generate $33 million to $35 million in savings this year, excluding a $15 million to 17 million restructuring charge.


In an interview today, CEO Don Mattrick said these jobs would mostly come out of “infrastructure” areas and wouldn’t involve shutting down any individual studios.


Zynga has roughly 2,000 employees at a time when better-performing competitors lack anywhere near the same kind of headcount. Supercell, which sold half of itself for $1.53 billion last fall to Japanese carrier Softbank, currently has about 130 employees and was producing just shy of $200 million a quarter in revenue in the beginning of last year.


Since Mattrick took over the company from founding CEO Mark Pincus, the company has engaged in a series of layoffs, cut out middle layers of management and shut down poorly-performing games. Last summer, they let go of about 520 people, or 18 percent of their workforce.





2:10 PM

Paired with the news of a big half-billion dollar acquisition , Zynga is also laying off about 15 percent of its workforce, or about 314 emp...

Read more »
 
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