The Daily Crunch is TechCrunchs roundup of our biggest and most important stories.
If youd like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.1.
CEO ouster, looming layoffs and devaluation turn WeWork into cautionary taleAdam Neumann succumbed to pressure yesterday to step down as CEO, taking the role of non-executive chairman at the company he co-founded nine years ago.Layoffs are likely to follow in fact, sources tell TechCrunch that the scope of these layoffs will be massive, with newer business units scaled back so the company can focus on its core business.
(Extra Crunch membership required.)2.
Facebook promises not to stop politicians lies - hateFacebook says it wont fact check politicians speech or block their content if its newsworthy even if that content violates the sites hate-speech rules or other policies.3.
Nintendos Mario Kart Tour is out now for iPhone, iPad and AndroidLike Nintendos other mobile releases, Mario Kart Tour is free to play, with in-app purchases (in-game currency called rubies) that you use for upgrades and unlocks.4.
Media metrics giant Comscore pays SEC $5 million in fraud settlementThe companys share price has been in free-fall since some of its actions came to light earlier this year.
It was trading above $20 back in April; the companys stock now sits just above $2 per share.5.
Devin Wenig steps down as eBay CEOEarlier this year, investors Elliott Management suggested key structural changesto help reinvigorate a floundering company.
Layoffs and restructuring followed the letter.6.
Apple says a bug may grant full access to third-party keyboards by mistakeFull access allows keyboard makers to capture keystroke data or anything you type like emails, messages or passwords.This bug may allow third-party keyboards to gain full access permissions without user approval.7.
Fidel raises $18M to let developers build on top of payment data from Visa, Mastercard and AmexWorking in partnership with Mastercard, Visa and American Express, Fidel has developed a suite of APIs that make it easy to link a users payment card to an app.
This means that developers are able to build card-linked applications in a matter of minutes.