Harvest 2020 … the most prominent failures experienced by technology companies during the year

Harvest 2020 … the most prominent failures experienced by technology companies during the year

2020 is an eventful year due to the Coronavirus pandemic (COVID-19Continuing to date, affecting all companies and sectors due to closures, which led to the global economy being affected greatly, and(International Monetary Fund) IMF That this pandemic caused the worst economic recession the world has witnessed in the years (the Great Depression) in the thirties of the last century.

Accordingly; Many technology companies witnessed some failures throughout the year, so today we will review the most prominent of them:

1- Quibi Company:

Company (QuibiOne of the companies hardest hit by the Coronavirus pandemic, as it came to close completely, after failing to find a buyer.

At the beginning of April 2020; A new video streaming platform has launched, called (QuibiQuibi short for Quick Bites, as it makes short videos, and aims to introduce content to users smart phones Just.

Quibi was founded by two of the most prominent entrepreneurs in Hollywood: Jeffrey Katzenberg, who was president of the Disney group during the 1990s animation renaissance, and Meg Whitman, who was the former CEO of Disney, and acted as president And CEO of eBay, and (Hewlett-Packard) HP.

But despite the long and impressive list of shows that include the most prominent international actors and filmmakers, and after raising $ 1.7 billion in funding, the platform was unable to compete with major digital broadcasting companies such as: NetflixAmazon, Apple, Disney, and other streaming services that appeared during the year. The result was that only seven months after its launch; The company announced its closure.

Geoffrey Katzenberg and Meg Whitman have stated An open letter to employees, investors and partnersQuibi probably did not succeed for one of two reasons: because the idea itself was not strong enough to provide a mobile-only broadcast service, or because of the timing of the launch that came at the start of the first wave of the Coronavirus pandemic, or perhaps for both reasons.

2- TikTok:

Harvest 2020 ... the most prominent failures experienced by technology companies during the year

The application (TikTok) – owned by the Chinese company (ByteDance) – witnessed a lot of events during the year 2020, as its popularity increased dramatically at the beginning of the year with the outbreak of the Corona virus.

But this success attracted the attention of US President Trump, who considered the application (TikTok) – which has more than 100 million users in the United States – a security risk to Americans, due to concerns that the application sent US user data directly to the Chinese government.

Those concerns were the alleged reason for Trump’s signature last August on an executive order requiring ByteDance to sell the TikTok app to a US company, or it will be banned altogether in the United States. This forced the company to search for a company to acquire its branch in the United States of America.

It all started with a negotiation with MicrosoftBut the company (ByteDance) that owns the application refused to sell, so Microsoft withdrew, and then It sought to partner with Oracle to become a trusted technology partner for TikTok in the United States.

It seemed that the deal had Trump’s blessing, but then the US elections took place in November 2020, and the president lost the elections and seemed to have forgotten the matter, so the fate of TikTok in the United States is still suspended until now.

3- hacking Twitter:

Harvest 2020 ... the most prominent failures experienced by technology companies during the year

Saw platform (TwitterTwitter hacked a lot during July 2020, and this breach is considered one of the biggest data breaches that occurred during 2020.

This hack resulted in access to several high-profile accounts belonging to politicians, business leaders and companies, including: accounts of Elon Musk, Bill Gates, Jeff Bezos, Kanye West and Barack Obama, Joe Biden – the Democratic presidential candidate who won the US election – and many more.

The strange thing is that this big hack was not to spread misleading information or to influence the elections, but was to spread a scam via digital currencies, and the mastermind of this hack was a 17-year-old American from Florida who helped him two others.

Twitter acknowledged on July 30 that this hack occurred By targeting a small number of its employees with a phishing attack by phone, the attackers used the credentials of some employees to gain access to the company’s internal systems and obtain information about its operations.

Twitter closed all verified accounts prior to the start of the investigation into the matter, and since this breach was purely about raising money, it raised the question of what would have happened if a more professional person had taken control of the US President’s account and spread misinformation that harms public opinion.

4- Close the Mixer service to broadcast games:

Mixer game streaming service

Microsoft Corporation During July 2020, its Mixer game streaming service is closedAnd she said: “It will partner with Facebook to broadcast the games through its (Facebook Gaming) service.” Accordingly, it encouraged its users to switch to the Facebook service.

This was a surprising step from her, especially as she made great efforts in developing this broadcasting service, and acquired the broadcast rights for some of the biggest esports personalities, such as: Ninja and Shroud.

But it seemed to be unable to compete with the most popular services, such as: Twitch – which is owned by Amazon – and it may It dominated 91% of the game broadcast market during the third quarter of 2020After the Mixer service exits.

5- Ring company affiliated to Amazon:

Harvest 2020 ... the most prominent failures experienced by technology companies during the year

Ring – which was acquired by Amazon in 2018 – is one of the most important companies in the smart home security device market, and it is one of the controversial companies due to its cooperation with law enforcement agencies, as the US House of Representatives Oversight and Reform Commission launched an investigation into partnerships Data exchange between Ring, local governments, and police departments on February 19, 2020.

Ring company also summoned during November 2020; About 350,000 second-generation Ring doorbells Which were sold in the United States, and about 8,700 other devices in Canada due to numerous reports of them being set on fire.

The Consumer Product Safety Commission said: “Ring received 23 reports of the video doorbell setting fire and minor property damage.”

The company indicated that the battery of the Ring doorbells has overheated when incorrect screws are used for installation, which leads to fire and burning risks. It has updated its user guide to reflect this. She indicated that customers did not have to return the devices.

6- Spotify:

Service was exposed (Spotify) To broadcast music for more than one security breach during the year 2020, as researchers found during the month of November an unsecured database on the Internet containing more than 380 million individual records, including: Registration data that was used to penetrate 300,000 to 350,000 accounts Spotify. The exposed records contained a variety of sensitive information such as: usernames, passwords, email addresses, and countries of residence.

In early December, a hacker named Daniel seized some of the pages of very famous stars in the service, then used artist pages, including: Pop Smoke, and Dua Lipa, to announce his love for Donald Trump and Taylor Swift.

The service also warned its users on December 14 that some of their registration data had been inadvertently leaked to a third-party business partner, marking the third breach in about one month.

Spotify explained that the leaked data include: email addresses, passwords, gender, and dates of birth. She said in statement About the leak: It was due to a flaw in the program that existed during the period between April 9 and November 12 of this year, and the flaw was corrected as soon as it was discovered.

7- FireEye:

Kevin Mandia, CEO, FireEye.

The disclosure of the US company (FireEye) hack resulted For electronic security To uncover the biggest breach of government systems since the Obama administration, or perhaps ever.

It started on December 8th When the cybersecurity company (FireEye) discovered that its systems had been compromised, the company later revealed that the hacker They hacked the software company SolarWinds Then they published an update that included malware for the Orion platform; In order to infect the networks of many US government networks and companies.

The malware that was included in the Orion platform updates may have given the hackers access to various government systems for several months, as initial reports indicate that the breaches began in March.

The US security services are currently assessing exactly which departments have been breached, and what information has been accessed. Until now; The Commerce Department confirmed it had been hacked, and there were reports of damage to the Treasury and State Department, Department of Homeland Security, parts of the Pentagon and the National Institutes of Health. There are likely to be more US government agencies in the coming days.

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