Console makers warn Trump that tariffs could cost US gamers up to $840M

Nintendo, Sony, and Microsoft collaborated on an open letter protesting the Trump administrations’s controversial proposition on Chinese tariffs. They warn that the worst case scenario would be that game consoles, are on the proposed product list, would get even more expensive. The letter, addressed to Joseph Barloon, General Counsel to the US Trade Representative, was written in response to the request…

Account Takeover Vulnerability Found in Popular EA Games Origin Platform

A popular gaming platform used by hundreds of millions of people worldwide has been found vulnerable to multiple security flaws that could have allowed remote hackers to takeover players’ accounts and steal sensitive data. The vulnerabilities in question reside in the “Origin” digital distribution platform developed by Electronic Arts (EA)—the world’s second-largest gaming company with…

VCs double down on data-driven investment models – TechCrunch

Social Capital co-founder Chamath Palihapitiya is spinning out a company from his venture capital fund-turned-family-office, TechCrunch has learned. The new entity, temporarily dubbed CaaS (short for capital-as-a-service) Technologies, will focus on providing data-driven insights to VC firms. Data informs investment decisions at VC funds more than ever, as new technologies make way for increasingly quantitative…

Vertical market networks, effective startup names, Libra, Carbon, and Sidewalk Labs – TechCrunch

The next service marketplace wave: Vertical market networks B2B service marketplaces (think translation as a service) are an extraordinarily lucrative startup category. But despite the incredible potential of these platforms to generate outsized returns, many fail. Why? Ivan Smolnikov, the CEO and founder of translation service startup Smartcat, investigates why certain marketplaces seem to grow…

Jewelry startup AUrate raises $13M – TechCrunch

AUrate, a startup selling gold jewelry directly to consumers, announced today that it has raised $13 million in Series A funding. The company’s co-founders Bouchra Ezzahraoui and Sophie Kahn said that AUrate’s prices range from $50 to $3,000, but they’re really aiming for what Ezzahraoui called “this new market sweet spot” of $300 to $500.…