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Improving discovery for NFTs will amplify digital creators and marketplaces | Alexandre Robicquet | 2,022 | 3 | 25 | , my team set an ambitious goal: build the smartest recommendation platform on the market. Since then, our algorithms have empowered companies of all kinds to provide tailored product and content recommendations, all without using cookies or invasive strategies. Our algorithms are so precise, they can leverage only a f... |
As Instacart looks to cut its valuation, will it kick off a trend? | Alex Wilhelm | 2,022 | 3 | 25 | done making news. Earlier this week, the well-known grocery delivery unicorn . Today, Bloomberg reported that Instacart its valuation from around $39 billion to $24 billion, representing a roughly 38.5% reduction in the company’s worth. Commentary indicates that , not a decrease in the value of preferred shares so... |
HubSpot is the latest SaaS company to woo creators | Ron Miller | 2,022 | 3 | 25 | It’s getting harder these days to get your buyer’s attention. It used to be that you paid for some ads and threw up some blog posts and you were pretty much good to go, but as these channels become less effective, SaaS companies are looking to more to reach their intended audiences. This week, to give creators some... |
It’s a fintech world, and we’re just living in it | Alex Wilhelm | 2,022 | 3 | 25 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It was a live recording this week, which was good fun. Our co-host was off, so and teamed up with to hammer our way through the news of the week live, with friends on Hopin, Twitte... |
Netflix buys independent game developer Boss Fight in latest gaming acquisition | Aisha Malik | 2,022 | 3 | 25 | Netflix has acquired Texas-based independent game developer Boss Fight Entertainment, the company announced in a The financial terms of the deal were not disclosed. The deal, which marks Netflix’s third acquisition of a gaming company, is part of the streaming service’s ongoing push toward gaming. Boss Fight was found... |
Remote-work boom powers Firstbase to $50M Series B | Alex Wilhelm | 2,022 | 3 | 25 | B round of funding today, led by Kleiner Perkins. TechCrunch covered , when the world’s remote work shift was fully underway. Now in a more hybrid world, with corporations large and small trying to figure out how they will balance in-office employees and staff working from home, we were curious about how Firstbase is... |
Bigblue raises $15 million for its D2C order fulfillment service | Romain Dillet | 2,022 | 3 | 25 | French startup has raised a $15 million Series A funding round. The company operates an order fulfillment platform for direct-to-consumer (D2C) brands. In other words, a D2C brand can outsource all things related to logistics to Bigblue so that they can focus on product and marketing. Runa Capital is leading the roun... |
Crypto giant FTX in talks to invest in Indian gaming startup MPL | Manish Singh | 2,022 | 4 | 3 | India’s Mobile Premier League, or MPL, is in talks to raise capital from a number of investors including the crypto exchange FTX as the mobile gaming startup prepares to make a web3 push, three sources familiar with the matter told me. An investment will mark a significant shift in the Bengaluru-headquartered startup’s... |
Sweep helps corporations live up to their lofty carbon promises | Haje Jan Kamps | 2,022 | 4 | 4 | There’s coming hard out of the gates with a new company, and then there’s . The company was founded in 2020, then raised round a few months ago, following by a $73 million Series B round announced today. The company swept in with a platform for carbon emissions management. It found a sweet spot in the world of large... |
EU, US agree on data transfer deal to replace defunct Privacy Shield | Natasha Lomas | 2,022 | 3 | 25 | The European Union has just announced reaching an agreement in principle with the U.S. on a revived trans-Atlantic data flows deal — potentially signaling an end to the that has dogged cloud services after a landmark court ruling in that struck down the EU-U.S. Privacy Shield. “We have found an agreement in princip... |
Crowdcube brings its equity crowdfunding platform to France | Romain Dillet | 2,022 | 4 | 4 | If you live in the U.K. or the U.S., you may already be quite familiar with equity crowdfunding. And yet, few French startups turn to their community of users to raise some new funding. Thanks to recent regulatory changes, British investment platform plans to shake things up as it is officially launching on the Frenc... |
Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter | Mary Ann Azevedo | 2,022 | 4 | 3 | Add to this equation a CEO — — who is known for his “brash style” and had his share of controversy in Australia prior to starting Fast. Holland’s former startup Tow.com.au, which aimed to be “the Uber of towing,” failed in what at least one person described as a “disaster.” In February, NPR published noting that Ho... |
The biggest VC firms are managing a lot more moolah than you thought | Connie Loizos | 2,022 | 4 | 4 | . That’s been the collective reaction around these parts after reading a new post by business journalist Eric Newcomer, who smartly took the time to review filings for his newsletter, Newcomer, that reveal how much money some of biggest brands in venture capital are currently managing. The numbers are frankly staggerin... |
Better.com teaches us how not to downsize a company | Mary Ann Azevedo | 2,022 | 4 | 3 | four months, digital mortgage lender Better.com has conducted a mass layoff not once, but twice. The company also badly botched a mass layoff not once, but twice. |
The venerable mainframe rolls on at IBM with the release of the z16 | Ron Miller | 2,022 | 4 | 4 | When you think of mainframes, you probably have a mental picture from an old movie, with punch cards and a computer that takes up an entire large room. But the mainframe still lives, and is a viable product at . Today, it’s much sleeker and more powerful, and helps run data-intensive workloads for the world’s biggest ... |
Gotrade, the app that lets international users buy fractions of US stocks, raises $15.5M Series A | Catherine Shu | 2,022 | 4 | 4 | , an app that lets international users buy fractional shares of U.S. stocks and ETFs, announced today it has raised $15.5 million in Series A funding. The round was led by Velocity Capital Fintech Ventures, with participation from Mitsubishi UFJ Financial Group, BeeNext, Kibo Ventures, Picus Capital and returning inves... |
Using asynchronous video interviews to improve startup recruiting | Sunny Saurabh | 2,022 | 4 | 4 | process more efficient so you can filter the best candidates from the top of the funnel is one of the biggest challenges facing hiring managers. Traditional interviews aren’t cutting it any longer, but asynchronous video interviews (AVI) are one alternative some companies are using to shortlist candidates while saving... |
Max Q: Space goes SPAC | Aria Alamalhodaei | 2,022 | 4 | 4 | Hello and welcome back to Max Q. Welcome to all our new subscribers. For those who are new here, my inbox is always open for feedback, comments and tips at In this issue: It’s the end of a (short) era. SpaceX will no longer be making new Crew Dragons, the spacecraft that ferries humans to and from space, and will inst... |
Latch parts ways with CFO after difficult SPAC debut | Natasha Mascarenhas | 2,022 | 4 | 4 | Latch CFO Garth Mitchell is leaving the company less than a year after he assumed the role and led the through a special purpose acquisition vehicle, or SPAC, an accidental e-mail obtained by TechCrunch shows. The executive shakeup is still not showcased on the news portion of Latch’s website, but t Latch said that, ... |
Everly Health founder discusses leading a startup through two acquisitions | Maggie Stamets | 2,022 | 4 | 4 | Hello and welcome to this week’s episode of Found. The podcast in which we get into the stories behind the startups. This week, founder and CEO Julia Cheek is talking about taking steps to revolutionize healthcare by helping patients gain access to all kinds of medical testing and in doing so allowing providers to ha... |
Daily Crunch: Twitter stock price soars after Elon Musk acquires 9.2% stake | Christine Hall | 2,022 | 4 | 4 | Why hello, we didn’t see you there. Welcome back to another week and an artisan, small-batch, limited-edition, locally crafted, handmade Daily Crunch for Monday, April 4, 2022! Today, we’re pretty psyched about Kirsten’s transportation newsletter, where she covers and much more. On Wednesday, we’re tuning in to Austi... |
At last, a gnat-sized affordable wireless mic set for vloggers and podcasters | Haje Jan Kamps | 2,022 | 4 | 4 | The usually high-flying company brings its tech closer to Earth with a super-nifty pair of microphones. DJI Mic packs five hours of recording mojo into a minuscule package using a form factor we typically see for wireless earbuds. Two microphones and a receiver vanish into a nifty charging case when you’re not using ... |
Shein said to be raising $1 billion at $100 billion valuation | Rita Liao | 2,022 | 4 | 4 | Yes, you read it correctly. The fast fashion e-commerce company that few in the tech industry had even heard of two years ago is aiming to raise $1 billion at a valuation of $100 billion. Shein’s fundraising plan was first reported by and we’ve reached out to the firm and its investors for comment. Given its growth, ... |
DeLorean teases its EV concept car | Kirsten Korosec | 2,022 | 4 | 4 | DeLorean, the automaker behind the pop culture icon gull-winged car, provided a and a debut date of an all-electric vehicle concept that aims to breathe new life into the brand. The upcoming EV concept is the latest effort of Stephen Wynne, who owns the DeLorean name and supplies parts for the 6,000 or so remaining v... |
Activision Blizzard flip-flops on vaccination policies as employees walk out | Amanda Silberling | 2,022 | 4 | 4 | It’s been a rocky time for employees at Activision Blizzard as they weather , a by Microsoft and textbook examples of . Then, last week, the gaming giant’s chief administrative officer, Brian Bulatao, sent an email to all U.S. employees mandating a June return to the office after over two years of working from home... |
TikTok owner ByteDance accused of scraping content from Instagram and Snapchat for its older app Flipagram | Aisha Malik | 2,022 | 4 | 4 | TikTok’s parent company ByteDance made fake accounts with content taken from Instagram, Snapchat and other social media platforms and posted them on Flipagram in 2017, according to a new report today from . The report says the company took videos, usernames, pictures and more from the social media platforms and upload... |
EV auto sales shine in first quarter of 2022 | Jaclyn Trop | 2,022 | 4 | 4 | Automakers’ U.S. sales for the first three months of the year may portend the arrival of the battery-electric age sooner than expected. The only brands to post sales gains were all-electric. Sales of electric vehicles soared during the first quarter of 2022, mostly due to the debut of new nameplates. Meanwhile, the ove... |
Q1 crypto losses spike 695% on year following massive hacks | Jacquelyn Melinek | 2,022 | 4 | 4 | over three months deep into 2022, and with each month it seems the scale of crypto exploits grows as the sector continues to expand. Just last week, play-to-earn ’s Ronin Network announced it was exploited for about , making it the largest decentralized finance (DeFi) hack to date. While that was the biggest hack in... |
VCs scale their bets on Solana’s expanding NFT ecosystem | Lucas Matney | 2,022 | 4 | 4 | The voracious rise of NFTs as an asset class has been a bubble that seemingly refuses to pop — at least for the time being — but NFT marketplaces are continuing to court investor attention, especially around opportunities that appear untapped by market leaders. In recent weeks, increased attention has been centering on... |
Paramount+ releases new trailer for ‘Star Trek: Strange New Worlds,’ its ‘Discovery’ spinoff | Lauren Forristal | 2,022 | 4 | 4 | A month before its premiere on May 5, has now released its new for the highly anticipated “Star Trek: Discovery” spinoff titled “Star Trek: Strange New Worlds.” Set about 10 years before “The Original Series,” the series stars Anson Mount, Rebecca Romijn and Ethan Peck reprising their respective roles as Christophe... |
Just like IRL, the metaverse requires infrastructure. We don’t have it yet | Avi Hadad | 2,022 | 4 | 4 | way through a crowd, thousands of people donning anything from casual wear to the most over-the-top dresses. Even though the place is absolutely packed, you don’t have to use your elbows to shrug past. Like a ghost, you pass through anyone you encounter, and they go through one another as well, turning the regular Bro... |
Google, Databricks, Fivetran, Redis and others launch the Data Cloud Alliance | Frederic Lardinois | 2,022 | 4 | 5 | There’s a new alliance in town: the . Founded by The idea here is to make life easier for the members’ customers by working together to provide APIs and integration support to allow for data portability and accessibility between their platforms, no matter whether those are being used on-premises, or on private or pub... |
Google Cloud launches BigLake, a new cross-platform data storage engine | Frederic Lardinois | 2,022 | 4 | 5 | At its Cloud Data Summit, Google today announced the preview launch of BigLake, a new that makes it easier for enterprises to analyze the data in their data warehouses and data lakes. The idea here, at its core, is to take Google’s experience with running and managing its BigQuery data warehouse and extend it to data... |
Two new ways to attend TC Sessions: Mobility 2022 — in person or online | Alexandra Ames | 2,022 | 4 | 5 | |
Intel suspends operations in Russia | Catherine Shu | 2,022 | 4 | 5 | A month after stopping shipments to customers in Russia and Belarus, Intel has now suspended all business operations in Russia. In a , the company said, “Intel continues to join the global community in condemning Russia’s war against Ukraine and calling for a swift return to peace,” adding that it will support its 1,2... |
Demand Curve: How I’d grow Skio | Joey Noble | 2,022 | 4 | 5 | on Shopify sell subscriptions without ripping their hair out,” explained Skio’s founder, Kennan Davison, when we sat down with him to understand how the product works, how it’s been growing to date and the challenges the company faces. Skio launched in April 2021 with the goal of eliminating the hacky workarounds that... |
Twitter is working on an edit button for real | Taylor Hatmaker | 2,022 | 4 | 5 | Apparently it wasn’t just an or an . As any true blue Twitter user knows, the divide over the social network adding an edit button is the deepest ideological ravine of our time — and Twitter is poised to switch sides. The company confirmed Tuesday that it is indeed working on a way to edit tweets. Twitter started tin... |
Daily Crunch: Peloton Guide with body-tracking camera now on sale for $295 | Christine Hall | 2,022 | 4 | 5 | Welcome to the Daily Crunch for Tuesday, April 5, 2022. Today was one of those days reporters love — frenzied writing, source-gathering — all the trappings of a good newsletter! Join us as our fingers dance joyous Lindy Hop routines across our keyboards. While we have you here: Do you love robots? We sure do! to nerd... |
Base10 Partners closes fund three with $460M to invest globally: ‘The cat is out of the bag’ | Connie Loizos | 2,022 | 4 | 5 | , a venture firm founded only four years ago, just closed its third fund with $460 million in capital commitments. Because co-founder Ade Ajao — originally from Spain — is half Nigerian, the new fund makes Base10 — which now has $1.3 billion in assets under management — the world’s largest Black-led venture capital fun... |
Rivian picks up EV production in Q1, on track to hit annual target | Kirsten Korosec | 2,022 | 4 | 5 | Rivian produced 2,553 vehicles in the first quarter, putting it on course to meet its production goal of 25,000 EVs this year, the company said Tuesday. Rivian also reported that it delivered 1,227 vehicles in the first quarter. The production figures include a mix of the Rivian R1T pickup truck, R1S SUV and the commer... |
The US government has just 1% of the EV chargers it needs | Rebecca Bellan | 2,022 | 4 | 5 | The U.S. government owns about 1,100 charging stations. It may need more than 100,000 charging stations to support widespread EV use in the next decade, according to on Tuesday. The testimony, which was , mainly delved into the U.S. Postal Service’s efforts to transition its fleet to EVs and federal fleet transition... |
Meta adds the ability to share video from third-party apps directly to Facebook Reels | Aisha Malik | 2,022 | 4 | 5 | Facebook is adding the ability to post Reels from third-party apps, its parent company Meta on Tuesday. The company is introducing a “ ” integration, which will allow developers to make it easy for people to share video from their apps directly to Facebook. “Once integrated, third-party apps will have a Reels button ... |
null | Natasha Mascarenhas | 2,022 | 4 | 4 | null |
Substack wants to join the podcast monetization fray | Amanda Silberling | 2,022 | 4 | 5 | Uploading paywalled audio on Substack isn’t new, but the newsletter platform is re-upping its attempt to woo podcasters into using its service. Substack posted today to make podcasts on Substack. Like a newsletter, they can charge subscribers for access, so long as they are willing to part with a 10% cut. This work... |
Affirm is giving job offers to the ‘vast majority’ of Fast engineers | Natasha Mascarenhas | 2,022 | 4 | 5 | Fast, a one-click speedy checkout platform, . In conjunction with that decision, Fast is giving a “vast majority” of its engineers the chance to join Affirm, a public fintech company in the buy now, pay later space, according to Affirm. Per an email seen by TechCrunch and Fast CEO Domm Holland said that his company’... |
WarnerMedia CEO exits as Discovery merger nears close | Lauren Forristal | 2,022 | 4 | 5 | On Monday, April 11, the highly anticipated of WarnerMedia and Discovery was set to officially close. We already have somewhat of an idea of what will happen with the companies’ two streaming services, Discovery+ and HBO Max. Back in March, Discovery CFO Gunnar Wiedenfels would at first bundle Discovery+ and HBO Ma... |
After months of delay, GM restarts Chevy Bolt EV production | Rebecca Bellan | 2,022 | 4 | 5 | General Motors has finally resumed production of the Chevrolet Bolt EV and EUV after months of delay, . The automaker had halted production of the vehicles at its Orion assembly plant in Michigan after issuing a recall last August of more than 141,000 Bolts due to battery fire risk. GM has confirmed 18 Bolt fires glob... |
Niantic makes another acquisition, absorbing AR studio NZXR | Amanda Silberling | 2,022 | 4 | 5 | Just a month after its last acquisition of the WebAR development platform , Niantic its purchase of New Zealand-based augmented reality studio today. These strategic acquisitions are part of Niantic’s overarching plan to build what it calls a “ ,” which is dependent on AR rather than VR. NZXR formed , when its We... |
Twitter limits reach for Russian government accounts and bans most POW imagery | Taylor Hatmaker | 2,022 | 4 | 5 | In response to Russia’s invasion of Ukraine, Twitter will place new limits on government accounts that belong to countries at war when those governments also restrict the free flow of information within their own borders. In a , Twitter explained that the new policy is designed to reconcile the “severe information imb... |
Dailyhunt and Josh apps parent firm raises $805 million at $5 billion valuation | Manish Singh | 2,022 | 4 | 5 | At a time when a number of startups are finding it difficult to raise capital, VerSe Innovation, the , said on Wednesday it has raised $805 million. The startup, which has built one of the largest adtech businesses in the country and is also driving commerce through its apps, is valued at nearly $5 billion in the new ... |
Instacart is coming after users who tricked shoppers out of tips | Natasha Mascarenhas | 2,022 | 4 | 5 | In the height of the pandemic, grocery delivery behemoth Instacart dealt with “tip-baiting” or a gross tactic in which customers baited shoppers with a big tip, and then reduced said tip to zero after they received groceries. Instacart then alleged that less than 0.5% of orders have tips removed post-delivery, but then... |
Tesla delivers record number of EVs in ‘exceptionally’ difficult quarter | Kirsten Korosec | 2,022 | 4 | 2 | Tesla reported Saturday that it delivered more than 305,000 electric vehicles in the first quarter, a record-breaking figure that was inline with analyst expectations even as production suffered due to supply chain constraints and COVID-related factory shutdowns. “This was an difficult quarter due to supply chain int... |
From a whirlwind, clarity | Alex Wilhelm | 2,022 | 4 | 2 | What a . If you were plugged in to the startup news cycle recently, you’ve been busy. Y Combinator , Instacart’s repricing continued to reverberate, and it feels like we’re discovering that . That’s starting to feel like a summary of the first quarter: A and a . We’ll better understand the full Q1 picture when ... |
What 411 YC Demo Day pitches will teach you about startups | Natasha Mascarenhas | 2,022 | 4 | 2 | It’s YC week, and while I love to question how the accelerator’s impact is evolving in today’s climate, there’s always a lot to learn about hundreds of founders coming together and debuting their businesses to the world. I, alongside some of my favorites on the TechCrunch and TechCrunch+ team, covered Y Combinator Wint... |
Fast shuts doors after slow growth, high burn precluded fundraising options | Alex Wilhelm | 2,022 | 4 | 5 | that provided online checkout products, this afternoon that it will shut down. The company’s future has been in doubt for days now, after reporting indicated that its 2021 revenue growth was modest, its cash burn high and its fundraising options limited. had his share of controversy in Australia prior to starting Fa... |
This Week in Apps: TikTok partners with Giphy, new rules for reader apps, Roblox sides with Apple | Sarah Perez | 2,022 | 4 | 2 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the year-end . Global spending... |
International startups shrug off US insurtech meltdown | Alex Wilhelm | 2,022 | 4 | 2 | run of concerned headlines that insurtech companies have generated, you’d be forgiven for anticipating that the startup category would find itself in dire straits. Not a bit of it. As The Exchange explored recently, despite some notable public-market misfires from the sector in the year. After a , a number of U.S.-... |
Here’s Y Combinator’s answer to cultivated meat’s scaling problem | Emma Betuel | 2,022 | 4 | 2 | The positive impact alternative meat products — like plant-based meat or cultivated meat — can have on the environment is striking. In optimistic scenarios where we transition to from meat-laden to plant-based diets over the next 15 years, between – % of agriculture’s greenhouse gas emissions can be avoided. Except fo... |
Indian giant Tata Group to debut super app on April 7 | Manish Singh | 2,022 | 4 | 2 | Indian conglomerate Tata Group plans to debut its long-anticipated “super app,” called TataNeu, to the public on April 7, the company has disclosed on its app and Play Store page. Years in the making and riddled with multiple delays and buggy performance, TataNeu is the salt-to-software giant’s attempt to go head-to-he... |
Singapore-based healthcare startup Ordinary Folk gets $5M to fight stigma | Catherine Shu | 2,022 | 4 | 20 | , a Singapore-based telehealth startup dedicated to men and women’s health issues, has raised $5 million in pre-Series A funding from Monk’s Hill Ventures. The funding will be used for hiring and expand into Hong Kong while scaling in Singapore. Founded in 2020 by Sean Low, the startup has two main platforms: Noah is f... |
Lincoln Star Concept: Could a sport tourer be in Lincoln’s electric future? | Abigail Bassett | 2,022 | 4 | 20 | Lincoln unveiled Wednesday at an event in Hollywood : The Lincoln Star Concept, a crossover that looks a lot like a Corsair or Nautilus crossover with a longer, lower-slung body, sharper body creases highlighted with LED lighting effects and a few interesting offerings that are unlikely to make their debut on any futu... |
Elon Musk’s Boring Company raises $675M to scale Loop projects | Rebecca Bellan | 2,022 | 4 | 20 | The Boring Company, Tesla CEO Elon Musk’s project to build underground highways to alleviate traffic congestion, has raised a $675 million Series C round, bringing its valuation up to $5.7 billion. The round was led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Cr... |
Tesla blames inflation, cost pressure from suppliers for increased car prices | Jaclyn Trop | 2,022 | 4 | 20 | Tesla has raised prices on its vehicles as it anticipates cost pressures from suppliers and logistics over the next six to 12 months, the automaker said on Wednesday during its . “We absolutely want to make EVs as affordable as possible. It’s been very difficult with inflation at a 40 or 50-year high, and I think the ... |
Musk says Tesla aspires to mass produce robotaxis by 2024 | Rebecca Bellan | 2,022 | 4 | 20 | Tesla plans to bring a dedicated robotaxi with no steering wheel or pedals to market by 2024, CEO Elon Musk said Wednesday during . That’s just two years to develop, test, verify, produce at volume and commercially launch a robotaxi service that meets regulatory rules that vary from state to state. In California, Tesl... |
This kamikaze drone sacrifices its own rotors to take down other drones | Haje Jan Kamps | 2,022 | 4 | 20 | Drones can be dangerous, and we’ve seen consumer-grade drones used for all sorts of nefarious purposes. Back in 2018, interrupted travel plans for 140,000 travelers in London, and last year, too. There are The propellors detach from the drone to widen the net, aiming to take down offending drones. : It’s one of t... |
Musk says robot, aimed for 2023, will be worth more than Tesla’s car business | Rebecca Bellan | 2,022 | 4 | 20 | Tesla CEO says the company’s robot, named Optimus, will be “worth more than the car business, worth more than FSD.” FSD, or “full self-driving,” is that relies on cameras and computer vision technology to perform some autonomous driving tasks. An FSD subscription costs Tesla owners about $12,000, or up to $199 per m... |
WeChat’s newsfeed turns 10. Is it still relevant? | Rita Liao | 2,022 | 4 | 20 | Over the last few days, my WeChat has been inundated with people reminiscing about the first post they ever published on the app’s newsfeed, which marked its 10-year anniversary this week. The newsfeed feature, called Moments, is like a social network that lives within the WeChat super app. Unlike many other social net... |
Daily Crunch: ‘For a limited time,’ Coinbase’s new NFT marketplace will waive transaction fees | Christine Hall | 2,022 | 4 | 20 | Happy 20th of April, 2022, which has no particular significance and we are not making any jokes. It’s been a strange news day, but never fear, we have some great stories for you to peruse. Today’s is a good one, with and discussing startup myths and assumptions. Don’t forget that , the TechCrunch podcast where f... |
Tumblr said 420 Blaze it (but literally) | Amanda Silberling | 2,022 | 4 | 20 | Yesterday, Tumblr rolled out Tumblr Blaze to all users over 18 in the United States. The feature lets users promote their content in the same way you might boost a tweet or a Facebook post on those respective platforms — you pay a set fee between $10 and $150, and you’ll get an estimated 2,500 to 50,000 impressions on ... |
null | Walter Thompson | 2,022 | 4 | 5 | null |
Tesla expects gigafactories to run below capacity through 2022 | Kirsten Korosec | 2,022 | 4 | 20 | Tesla said Wednesday that a prolonged supply chain crunch has limited production capacity at its factories and expects the pain to continue through the rest of the year. “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue ... |
Is it cake? No, it’s Netflix’s crumbling subscriber numbers | Lauren Forristal | 2,022 | 4 | 20 | Netflix practically admitted during yesterday’s earnings call that there is some tough competition out there and Netflix needs to step up its game. Revenue and subscriber growth have clearly slowed, and content just isn’t hitting the mark. The company acknowledges this need for improvement. Ted Sarandos, co-chief execu... |
Billionaire CEO’s US Senate run focuses on one issue: Banning ‘self-driving’ Teslas | Kirsten Korosec | 2,022 | 4 | 20 | Dan O’Dowd, the billionaire founder of The Dawn Project and Green Hills Software, is running for U.S. Senate on a single issue. It’s not unemployment or inflation or even education. It’s about making computers safer for humans, starting with a ban on the Tesla-branded “Full Self Driving” beta software that some 100,000... |
Tesla crushes Q1 estimates, warns that supply chain issues are far from over | Alex Wilhelm | 2,022 | 4 | 20 | Tesla said it faced several challenges in the first quarter related to global supply chain, transportation, labor and manufacturing issues and that the problems could limit its ability to run its factories at full capacity. The automaker also warned of that could hamper future production, despite the recent openings ... |
Instagram to improve its ranking system to better highlight original content | Aisha Malik | 2,022 | 4 | 20 | Instagram head Adam Mosseri today that the company is going to tweak its ranking algorithm to highlight original content more on its platform. Following the announcement, a spokesperson for the social media giant told TechCrunch in an email that Instagram is making changes to its ranking algorithm to prioritize the d... |
Zoom announces Zoom Whiteboard, gesture recognition among several updates | Aliya Chaudhry | 2,022 | 4 | 20 | and new features, including a virtual whiteboard and gesture recognition. Among the updates is , which uses AI to analyze calls. Zoom Zoom added Gesture Recognition, which means that instead of clicking on a reaction you can raise a hand or put a thumbs up to display that reaction in the call. It’s only limited to t... |
Here are the games that were announced at the Meta Quest Gaming Showcase | Amanda Silberling | 2,022 | 4 | 20 | Meta might want us to do everything in VR, from to , but we often forget that playing video games is actually a pretty legit application of this technology. So, Meta is investing in some big-name IP to roll out a slate of new games on its Quest 2 VR headset this year, which the company unveiled at its today. What ... |
Dear Sophie: Can a startup sponsor a graduating co-founder? | Sophie Alcorn | 2,022 | 4 | 20 | of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says , a Silicon Valley immigration attorney. “Whether you’re... |
Enter the Student Pitch Competition at TC Sessions: Mobility 2022 | Marquise Foster | 2,022 | 4 | 20 | null |
Lexus unveils its first EV, an SUV that looks a lot like the Toyota bZ4X | Jaclyn Trop | 2,022 | 4 | 20 | Toyota’s Lexus is the latest luxury brand this week to unveil its first-ever battery-electric vehicle, a surprisingly low-range SUV called the RZ that is supposed to set the direction for its future. And that future looks a lot like the that recently launched. The 2023 RZ 450e is the first nameplate to launch under t... |
Tesla says it’s also being investigated by federal equal employment agency | Rebecca Bellan | 2,022 | 4 | 18 | A U.S. federal agency that enforces civil rights laws against workplace discrimination can now be added to the list of agencies that is investigating Tesla. In a court filing on Monday related to a separate case, the automaker revealed that the U.S. Equal Employment Opportunity Commission (EEOC) has an “open investigat... |
The Food Lab, an Egyptian cloud kitchen provider, raises $4.5M pre-seed for expansion | Tage Kene-Okafor | 2,022 | 4 | 18 | L-R: Wesam Massoud, Kareem El Daly, and Ahmed Osman |
Top SoftBank LatAm partners leave firm to start their own | Natasha Mascarenhas | 2,022 | 4 | 18 | SoftBank Latin America is certainly having massive exits, but not the lucrative kind. and , two managing investment partners of SoftBank’s Latin America practice, are leaving the firm to start their own venture practice. According to Passoni’s LinkedIn post, Nyatta and he “now move towards achieving our own dreams. I... |
Ant Group buys Singapore’s 2C2P to further global payments ambitions | Rita Liao | 2,022 | 4 | 18 | Quietly, Alibaba’s fintech affiliate Ant Group has been building a global cross-border payments network by partnering with or investing in third-party e-wallets, banks, remittance services and other ecosystem players. The latest added to Ant’s alliance is 2C2P, a Singapore-based company that helps enterprises in Southe... |
Indian crypto exchange CoinDCX tops $2 billion valuation in new $135 million funding | Manish Singh | 2,022 | 4 | 18 | CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expand its product offerings and talent base, including some to double down on compliances in the world’s second largest inte... |
Square Peg on building its foothold in Southeast Asia | Catherine Shu | 2,022 | 4 | 18 | , one of Australia’s largest venture capital firms with current assets under management of about $3 billion USD, is digging deeper into Southeast Asia. The firm is currently raising $550 million in new funding, and if its recent investment history is anything to go by, a good chunk of that will be invested into Southea... |
VP Harris: US commits to no anti-satellite tests that fill orbit with debris | Devin Coldewey | 2,022 | 4 | 18 | The U.S. has declared it will no longer perform anti-satellite missile testing, a practice nearly universally deplored by the space community for its tendency to fill orbit with dangerous debris. Vice President Harris announced the new policy today in hopes of leading by example — though it hasn’t been that long since ... |
null | Kirsten Korosec | 2,022 | 4 | 20 | null |
China’s work automation startup Laiye raises $160M, acquires France’s Mindsay | Rita Liao | 2,022 | 4 | 18 | An ambitious Chinese startup wants a slice of the flourishing global work automation market. Laiye, a Beijing-based company that provides a one-stop platform for automating office tasks of varying degrees of complexity, just picked up $160 million from a Series C funding round to expand globally. Guanchun Wang, Laiye’s... |
Daily Crunch: 2 unannounced rounds boost Clipboard Health to $1.3B valuation | Christine Hall | 2,022 | 4 | 18 | Welcome to the Daily Crunch for Monday, April 18, 2022. There’s been a ton of fun and — dare we say it — surprising content on TechCrunch over the past few days. We were psyched to read , the weirdest little hand-held gaming console that’s seen the light of day. We also loved the discussion of , so be sure to give th... |
Music streamer Deezer is going public via SPAC at a $1.1B valuation | Amanda Silberling | 2,022 | 4 | 18 | A European music streamer, Deezer is going public via a , valuing the Spotify competitor at $1.1 billion. Deezer will merge with the “blank-check” company I2PO, which is headed by former WarnerMedia executive Iris Knobloch. Founded in 2007, the company previously in 2015, only to reverse course and raise and Serie... |
How to think like an investor: Understanding the actual cost of fundraising | Rebecca Mitchem | 2,022 | 4 | 18 | funding so confusing? Isn’t the formula simple? Well, to start, the presumption that a company knows what its investors expect with full clarity is a lofty one. Investors will have both financial and non-financial milestones they expect a company to achieve between raises, and these milestones can differ greatly betwe... |
Why does a16z need its own Y Combinator? | Natasha Mascarenhas | 2,022 | 4 | 18 | , Andreessen Horowitz has quietly piloted its own take on an accelerator for early-stage entrepreneurs, and today, the firm announced the program’s official debut. In exchange for an unannounced percentage of ownership, “a16z START” will offer early-stage founders up to $1 million in venture capital. The checks are bac... |
GSA looks into facial recognition bias and improving accessibility in federal web services | Devin Coldewey | 2,022 | 4 | 18 | The U.S. General Services Administration, which procures and investigates tech for things like government websites and online services, is making a two-pronged push for accessibility in its recently released Equity Action Plan. Websites must be made accessible beyond the bare minimum, it said, and bias in facial recogn... |
Max Q: Up, up and away | Aria Alamalhodaei | 2,022 | 4 | 18 | Hello and welcome back to Max Q. The big news from me this week is that…I’m buying Twitter! Just kidding. But I do occasionally tweet over at ; say hi, or send an email to . In this issue: This week 24 companies, including ULA, SpaceX, JPL and Rocket Lab, , with regular check-ins to keep each other honest. Accordin... |
Facebook is losing interest in its podcasting plans, new report claims | Aisha Malik | 2,022 | 4 | 18 | Last April, Facebook a suite of new audio products, including new support for podcasts and a Clubhouse live audio competitor, which was an indication that it was taking the threat from other audio platforms more seriously. Now, barely a year after Facebook began its foray into podcasting and audio features, the compa... |
Web scraping is legal, US appeals court reaffirms | Zack Whittaker | 2,022 | 4 | 18 | Good news for archivists, academics, researchers and journalists: Scraping publicly accessible data is legal, according to a U.S. appeals court ruling. The landmark ruling by the U.S. Ninth Circuit of Appeals is the latest in a long-running legal battle brought by LinkedIn aimed at stopping a rival company from web scr... |
Andreessen Horowitz unveils piloted program for early-stage entrepreneurs | Natasha Mascarenhas | 2,022 | 4 | 18 | For more than a year, Andreessen Horowitz (a16z) has quietly piloted its own take on an accelerator for early-stage entrepreneurs; today, its partners the program’s official debut. In exchange for an unannounced percentage of ownership, a16z START offers early-stage founders up to $1 million in venture capital. The ch... |
Spotify says my imaginary iguana Gerald likes Doja Cat | Amanda Silberling | 2,022 | 4 | 18 | Spotify will make you a custom playlist based on your pet’s personality and your own listening habits. While the streamer this feature in 2020, it made the experience last week in honor of National Pets Day (which is apparently a thing). Growing up, my family had an extremely anxious, Prozac-prescribed Shih Tzu who... |
Waymo co-CEO Dmitri Dolgov is coming to TC Sessions: Mobility 2022 to talk about progress and pitfalls of scaling robotaxis | Kirsten Korosec | 2,022 | 4 | 18 | null |
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