June 17, 2026

TechCrunch Top 3

Cybercriminals allegedly hacked tens of thousands of Fortinet firewalls used by major companies all over the world: An alleged Russian-speaking group of cybercriminals is reportedly compromising and targeting several major companies that use Fortinet Firewalls and VPNs through previously known passwords. Read More

Roelof Botha joins SpaceX's board of directors: The former Sequoia Capital leader is filling an "existing vacancy" on SpaceX's board, days after the company went public in the largest IPO ever. Read More

FTC lawsuit reveals how subscription scam networks evade app store enforcement: A new FTC lawsuit reveals how sophisticated subscription app operators can allegedly use shell companies and payment infrastructure to stay active on app stores despite mounting consumer complaints. Read More

A message from PwC

The next generation of tech companies is being built now.

From AI-native startups to next gen companies in industrials, healthcare and energy, today’s founders are navigating accelerated change and scaling faster than ever. PwC helps emerging companies prepare for growth through tailored audit, tax, and deals solutions. From fundraising and expansion to the public markets, be ready for what comes next.

Scale with confidence

Afternoon Must-Reads

PayPal Ventures shutters as company restructuring continues: The corporate venture arm ends after 10 years and 80 investments. Read More

After unveiling ridiculously expensive AR glasses, Snap's stock takes a dive: Snap's long-awaited smart glasses debut hasn't exactly done wonders for the company's stock. Read More

Anthropic becomes first AI startup to join the Frontier carbon removal coalition: Anthropic has joined the Frontier coalition, which received another $915M in pledges to fund carbon removal projects. Read More

Uber will bring its premium robotaxi service to Houston in 2027: This will be the second market to have an Uber robotaxi service outfitted with Lucid EVs equipped with a self-driving system from Nuro. Read More

DeepL acquires Mixhalo for live-event audio streaming and translation: With this acquisition, DeepL is opening an office in San Francisco to expand its U.S. business. Read More

Last but Not Least

Mastodon looks to newsletters to help revive the open social web: Mastodon’s newly launched newsletter feature lets anyone subscribe to creators by email, even without a Mastodon account. Read More