TechCrunch Week in Review: Coinbase gets hacked | TechCrunch
May 17, 2025 - techcrunch.com
This week's TechCrunch Week in Review highlights several major tech stories. Coinbase experienced a data breach where hackers stole customers' personal information and demanded a $20 million ransom, which the company refused to pay. Chime filed for an IPO, revealing a past marketing deal with the Dallas Mavericks. InventWood introduced "Superwood," a wood as strong as steel, aiming to use it for structural beams. Granola, an AI note-taking app, raised $43 million in a Series B funding round. YC criticized Google as a monopolist in an antitrust case but stopped short of calling for its breakup. Apple unveiled new accessibility features, and Microsoft announced layoffs affecting 3% of its workforce.
Additional news includes Google's plan to integrate Gemini into Android Auto, HBO Max reverting to its previous name, and Uber launching Route Share, a commuter shuttle service. Uber also introduced Uber One Member Days to enhance its subscription program. Notably, Theranos founder Elizabeth Holmes' partner, Billy Evans, pitched a new startup focused on "human health optimization" using blood testing. The article also mentions Karyne Levy, TechCrunch's deputy managing editor, and her previous roles in various tech media outlets.
Key takeaways:
Coinbase experienced a data breach where hackers stole customers' personal information and demanded a $20 million ransom, which the company refused to pay.
Chime filed for an IPO, revealing a partnership with the Dallas Mavericks but leaving many details undisclosed.
Microsoft is laying off 3% of its workforce despite reporting strong financial results for the quarter.
Uber is expanding its services with Route Share, a commuter shuttle service, and introducing Uber One Member Days to enhance its subscription program.
