# Platform Expansion, Cyber Risks, and EV Restructuring

**Podcast:** TechCrunch Daily Crunch
**Published:** 2026-06-23

## Transcript

This is TechCrunch.
Streaming was never so wow.
Meditieren, Yoga, jogging, nothing entspannt mich.
Echt?
Mich entspannt meine Steuer total.
Steuer?
Wie Finanzamt?
Die Steuererklärung?
Ja, ich habe ganz locker über 1000 Euro zurückbekommen.
Hast du geheime Connections?
Nö, nur die Visu-Steuer-App.
Wow, und das ist einfach?
Klar, die macht fast alles automatisch.
Plötzlich fühle ich mich so entspannt.
Hol dir dein Geld zurück.
Tiefenentspannt mit Visu-Steuer.
Lucid Motors' new CEO has cut 18% of its staff to simplify the company.
I'm Imran Shaikh, and Tuesday's edition of The Daily Crunch starts right now.
Instagram's exploring new formats in an apparent effort to bring its platform to more TV users.
That's right, the social network which launched a TV app last year says it's going to, well, experiment.
Instagram said it's exploring ways to bring longer-form videos, content spanning multiple episodes, and live creator experiences to its TV app.
This follows news earlier this month that Meta's testing a new series feature for Reels that's designed to make it easier to keep up with serialized content on Instagram and Facebook.
Now, while Instagram has long been competing with TikTok and YouTube, the social network is now coming for streaming services like Netflix and Amazon Prime Video as it sets its ambitions on capturing eyes in the living room in addition to everywhere else.
Instagram also said its TV app is being rolled out to Samsung TVs.
The app is already available on Amazon Fire and, of course, Google TVs.
In security news, a hacking group has taken credit for a breach at market intelligence provider Clue that allowed hackers to steal reams of data from the company's corporate customers, which include some of the biggest names in cybersecurity.
Now, Vancouver-based Clue, which lets companies conduct market research by connecting their data to its systems, said on Friday that hackers had stolen data from an unspecified number of its customers during a cyber attack a week earlier.
The blog contains the no-index code, which tells search engines to not list the page in search results.
Cybercrime group Icarus took credit for the breach, saying on its leak site that it would publish the stolen data if the company didn't pay the hackers ransom.
Clue has not said how many of its hundreds of customers are affected.
Several companies have come forward to confirm they had data stolen during the attack, including Gong, Jamf, HackerOne, Insurity, OneTrust, RecordedFuture, SNCC, SproutSocial, and Tanium.
And finally, Lucid Motors is laying off 18% of its workforce, or around 1,500 employees, just four months after the EV maker cut 12% of its staff.
Now, the company said on Monday that it's also eliminated the second shift of EV production at its factory in Casa Grande, Arizona.
The cuts are part of a bid by Lucid's new CEO Silvio Napoli to simplify the company, sharpen execution, and position Lucid to become more competitive over time, the company said in a statement.
The layoffs come as the electric vehicle market in the United States has cooled, with major automakers pulling electric models from their own product plans.
Mark Winterhoff, who served as interim CEO for more than a year until Napoli took the job, has also left the company.
Winterhoff, Napoli, and the company had all previously said that Winterhoff would stay on as chief operating officer after stepping down as interim CEO.
In a regulatory filing, Lucid Motors said it has eliminated the chief operating officer position entirely.
This round of cuts comes as Lucid Motors works toward releasing its first mass-market vehicle later this year, the Lucid Cosmos SUV.
The lower-cost EV is supposed to start at under $50,000 and put Lucid Motors on the path to profitability.
And folks, that's your Daily Crunch.
Today's stories were reported by Sean O'Kane, Aisha Malik, and more awesome TechCrunch journalists.
We'll see you here tomorrow, same Tech Time, same Crunch channel.
And until then, find us at TechCrunch.com.