| Mark Zuckerberg answers questions from the press, Alibaba is getting ready to fund an Uber competitor and Moviefone has a new owner. All that and more in The Daily Crunch for April 5, 2018. 1. Highlights and audio from Zuckerberg's emotional Q&A on scandals The Facebook CEO began the conference call by admitting that the company had failed to protect users' privacy: "We didn't focus enough on preventing abuse and thinking through how people could use these tools to do harm as well . . . We didn't take a broad enough view of what our responsibility is and that was a huge mistake. That was my mistake." The discussion covered a bunch of other topics, including the impact of fake news on the U.S. presidential election, the potential reach of Cambridge Analytica's data and why Zuckerberg thinks he's still the best person to run Facebook. 
2. Facebook restricts APIs, axes old Instagram platform amidst scandals In related news, Facebook is significantly limiting data available from or requiring approval for access to Facebook's Events, Groups and Pages APIs, plus Facebook Login. It's also shut down part of the Instagram API. 3. Alibaba is preparing to invest in Grab It isn't yet clear what size the investment might be or at what valuation. The ride hailing company was last valued by investors at $6 billion. 4. MoviePass' parent company acquires Moviefone Through this deal, our corporate overlords at Oath now have a stake in MoviePass. 5. Stefan Glaenzer quits Passion Capital to clear way for third fund The decision to resign is linked to Glaenzer's arrest and subsequent conviction in 2012, when he pleaded guilty to sexually assaulting a woman on the London Underground Tube network. 6. 6 River Systems raises $25 million for warehouse robots The company's robot Chuck keeps warehouse employees on task by guiding them through the facility through each step of the packaging process. It can glide around the room and also has a touchscreen to help workers locate items. 7. News startup Knowhere aims to break through partisan echo chambers For controversial and political news, it doesn't limit itself to one story. Instead, it allows you to jump between versions that are written from a left, right or "impartial" perspective. | 
