Facebook Messenger Kids | Crunch Report

TL;DR

Famous business individuals including Jeff Bezos and Eric Schmidt join Steve Case's $150M seed fund to support entrepreneurs outside of Silicon Valley. SEC charges Plex Corp with securities fraud in relation to its ICO. Facebook releases Messenger Kids app with safety measures for children.

Transcript

Steve cases new hundred and fifty million dollar seed fund flex Corp ICO charged with securities fraud and Facebook's messenger for kids launches it's Tuesday December 5th and this is crunch report you didn't dog everybody it's the last day of TC disrupt Berlin holy sad on the last day but that's rage I'm here on the river spree there's a guy diggi... Read More

Key Insights

• 👨‍💼 Well-known business figures are actively supporting initiatives aimed at investing and mentoring entrepreneurs outside of traditional business hubs.
• 🦄 The SEC continues to crack down on fraudulent ICOs, highlighting the need for regulation and investor protection in the cryptocurrency market.
• 💗 Facebook's release of Messenger Kids reflects the growing importance of child safety and privacy in the digital realm.
• 😮 The rise of seed funds like Rise of the Rest demonstrates a shift towards democratizing investment and supporting entrepreneurship in underserved regions.
• 😮 The involvement of major players like Jeff Bezos and Eric Schmidt in Rise of the Rest signifies the potential for significant impact in expanding entrepreneurial opportunities.
• 👨‍🔬 The ICO market remains highly susceptible to fraud, and investors should exercise caution and research potential investments thoroughly.
• 👶 Facebook's emphasis on safety measures and parental control in Messenger Kids addresses concerns about children's online activities and content exposure.

Questions & Answers

Q: Who are some of the notable backers of Steve Case's Rise of the Rest seed fund?

Some well-known backers of Steve Case's seed fund include Jeff Bezos, Eric Schmidt, Howard Schultz, and more. These individuals aim to increase investment in underserved regions and support entrepreneurs outside of major business hubs.

Q: What is Plex Corp and what charges have been brought against them by the SEC?

Plex Corp is a Canadian crypto company that raised funds through an initial coin offering (ICO). The SEC has charged them with securities fraud for allegedly deceiving investors by promising unrealistic profits and misrepresenting their company's growth potential.

Q: What are the key features of Facebook's Messenger Kids app?

Messenger Kids allows parents to download the app on their child's device, create a profile, and approve who they can communicate with. The app has safety filters to prevent sharing of inappropriate content and a dedicated support team to handle reported content.

Q: How does Messenger Kids protect the privacy of children using the app?

Children using Messenger Kids cannot be found through Facebook search, ensuring their profiles remain private. Only approved friends and family members can interact with the child, and adults do not need to download the separate app to communicate with them.

Summary & Key Takeaways

• AOL co-founder Steve Case's $150M seed fund, Rise of the Rest, receives backing from well-known business figures like Jeff Bezos and Eric Schmidt. The fund aims to invest in underserved regions and provide mentorship to startups outside of traditional business hubs.

• Canadian crypto company Plex Corp is charged by the SEC with securities fraud for allegedly scamming investors through its ICO. The company promised high returns and misrepresented its growth potential.

• Facebook introduces Messenger Kids, an app that allows parents to control and monitor their child's messaging and video chatting activities. Advanced safety filters and a support team are in place to prevent inappropriate content.