TechCrunch Week in Review: Coinbase gets hacked

Summary

Welcome back to Week in Review! We’ve got tons of news for you this week, including a hack at Coinbase; YC thinks Google is a ‘monopolist’; layoffs at Microsoft; and much more. Have a great weekend! Uh-oh: Coinbase says that customers’ personal information, including government-issued IDs, was stolen in a data breach. The hackers demanded $20 million from the company, CEO Brian Armstrong said in a post on X. Coinbase said it will not pay the hackers’ ransom. IPO time, baby: After filing confidentially in December, Chime filed for an IPO this week. There are a ton of blanks in the S-1, so we didn’t get much information, like how many shares insiders plan to sell as part of the IPO. But we did learn one tidbit: Chime entered a deal with the Dallas Mavericks in 2018, which gained it the Chime logo on the team’s jersey, among other marketing benefits. Knock on wood: This story has been popping off all week — InventWood created wood called “Superwood” that’s as strong as steel. Ultimately, InventWood is planning to use wood chips to create structural beams of any dimension that won’t need finishing. This is TechCrunch’s Week in Review, where we recap the week’s biggest news. Want this delivered as a newsletter to your inbox every Saturday? Sign up here. News Image Credits:Granola A big bowl of Granola: VCs and founders love talking up the apps they’re using. The most recent case: Granola, an AI note-taking app that’s recently seen a boost in usage, even though it launched a year ago. And when there’s usage, money follows. The company announced it has raised $43 million in a Series B funding round at a valuation of $250 million. Choice words: “Google has chilled independent firms like YC from funding and accelerating innovative startups that could otherwise have challenged Google’s dominance,” YC wrote in an amicus brief it submitted in the U.S.’ antitrust case against the search giant. But YC isn’t calling for a complete breakup of Google. Love to see it: Apple announced...