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Substack targets Twitter with launch of discussions feature, Substack Chat | Sarah Perez | 2,022 | 11 | 3 | Another company hoping to capitalize on Twitter’s upheaval in the wake of Elon Musk’s takeover is the newsletter platform Substack. The company has over the past few days and has now thrown its hat into the ring as a more direct competitor with the . The new feature allows Substack writers to communicate directly wi... |
Less than 24 hours until early-bird prices vanish for TC Sessions: Space | Lauren Simonds | 2,022 | 11 | 3 | “Space … the final frontier.” Those familiar words have likely fueled the imaginations of the very people currently forging the future of humanity in space. Don’t miss your opportunity to meet, learn from and connect with them at , which blasts off on December 6 in Los Angeles. Building space startups is serious busin... |
TikTok privacy update in Europe confirms China staff access to data as GDPR probe continues | Natasha Lomas | 2,022 | 11 | 3 | An incoming privacy policy change by TikTok yesterday for users in Europe — which, for the first time, names China as one of where user data can be remotely accessed by “certain” company employees to perform what it claims are “important” functions — has landed months ahead of expected movement on a year+ long inve... |
Now anyone can build apps that use DALL-E 2 to generate images | Kyle Wiggers | 2,022 | 11 | 3 | At long last, , OpenAI’s image-generating AI system, is available as an API, meaning developers can build the system into their apps, websites and services. In a blog post today, OpenAI announced that any developer can start tapping the power of DALL-E 2 — which more than three million people are now using to produce ... |
Tips for e-commerce brands that want to win market share this holiday season | Guru Hariharan | 2,022 | 11 | 3 | holiday season means indulging in gifts, family traditions and festive celebrations. But for retail businesses, it’s the most critical time of the year. We’re seeing a gathering storm of economic conditions — inflation, inventory and supply chain issues, and an elongated holiday season — that has companies scrambling ... |
Starlink adds a 1TB monthly soft cap for residential users | Darrell Etherington | 2,022 | 11 | 4 | SpaceX’s Starlink internet has included unlimited bandwidth since launch, and while the service will technically continue to provide that to customers, users who exceed 1TB of data use in a single month will now be throttled once they reach that threshold. Starlink sent out an email to users across the U.S. and Canada ... |
Daily Crunch: Twitter layoffs violated federal worker protections, class action lawsuit alleges | Christine Hall | 2,022 | 11 | 4 | Friday, and all eyes are on the vast number of Twitter employees who were given the boot, unceremoniously, with many of ’em finding out they’d lost their job because they were unable to log in to their email accounts as they showed up for work in the morning. Yikes. — and If you’re running a company that’s shipping... |
Lyft lays off 13% of workforce as it tries to slash operating expenses | Kirsten Korosec | 2,022 | 11 | 3 | Lyft said Thursday it is laying off 13% of its workforce as it tries to reduce operating expenses, according to a . The ride-hailing company described the cuts as proactive step to ensure it “is set up to accelerate execution and deliver strong business results in Q4 of 2022 and in 2023.” Lyft also reiterated Thursday... |
Benitago Group exec confirms it didn’t close, but did lay off some employees | Christine Hall | 2,022 | 11 | 4 | ’s website no longer working this week set off an alarm bell for some folks, those who regularly follow the comings-and-goings of active fulfillment-by-Amazon aggregators. They believed it might spell the end for the e-commerce aggregator, which raised $380 million in equity and debt financing last year. Co-founder Ben... |
YouTube will soon roll out a ‘Go Live Together’ co-streaming feature to select creators | Aisha Malik | 2,022 | 11 | 4 | YouTube is gearing up to roll out a new feature that will allow select creators to invite a guest to go live with them, the company announced on its and in a . At launch, creators will only be able to co-stream via a phone, as the feature won’t be available on the desktop version of YouTube. The new feature will ini... |
Elon Musk just axed key Twitter teams like human rights, accessibility, AI ethics and curation | Taylor Hatmaker | 2,022 | 11 | 4 | Elon Musk is wasting no time making at Twitter, calving off many teams doing essential work at the company in the process. News of layoffs swept the platform on Friday, showing that Twitter’s billionaire owner is painting in broad strokes when it comes to trimming down the team by half. The same day that Musk complai... |
How to land investors who fund game-changing companies | Tim De Chant | 2,022 | 11 | 4 | worth solving aren’t ones that you can solve in a year or two or even 10. For founders and investors alike, such long timelines can seem daunting. But for Gene Berdichevsky, co-founder and CEO of battery tech startup Sila, hard tech problems are also some of the most tantalizing. “It’s always a good time to be a hard ... |
Stability AI backs effort to bring machine learning to biomed | Kyle Wiggers | 2,022 | 11 | 4 | , the venture-backed startup behind the text-to-image AI system Stable Diffusion, is funding a wide-ranging effort to apply AI to the frontiers of biotech. Called , the endeavor’s first projects will focus on machine learning-based approaches to DNA sequencing, protein folding and computational biochemistry. The compa... |
Ledger, Tezos and Chainalysis talk web3 security at TC Sessions: Crypto | Jacquelyn Melinek | 2,022 | 11 | 4 | The crypto ecosystem may be experiencing , but they’re still occurring as bad actors take hundreds of millions of dollars from users in the space. According to Immunefi’s Crypto Losses Q3 2022 , crypto losses have declined for the past three quarters in a row, but it’s not clear whether that trend will continue for t... |
null | Paul Sawers | 2,022 | 11 | 3 | null |
Buying your own identity on Elon’s Twitter and other news | Darrell Etherington | 2,022 | 11 | 4 | This week and I went live on LinkedIn and Twitter Spaces to talk about Elon Musk’s questionable plans for blue checks on Twitter. Then, I talk with about a new startup, Rewind, that wants to help humans have perfect memory. And as always, we break down the biggest stories in tech. Articles from the episode: Other n... |
TechCrunch+ roundup: TAM tough love, ‘building in public,’ 6 key SaaS metrics | Walter Thompson | 2,022 | 11 | 4 | Are you ready to launch a bajillion-dollar startup? Before you start: Are you planning to build a centaur, a unicorn or perhaps a decacorn? Startup pitching has become an existential drama, in part because so many founders exaggerate the size of the total addressable market (TAM) in which they hope to compete. At TechC... |
Combined HBO Max/Discovery+ service gets an earlier launch date, price hike is to be expected | Lauren Forristal | 2,022 | 11 | 4 | After Warner Bros. Discovery reported its yesterday, the company told investors and analysts in a call that the forthcoming combined HBO Max/Discovery+ streaming service will now launch in the U.S. earlier than . CEO David Zaslav said the yet-to-be-named service is now getting a spring 2023 launch instead of in the ... |
It’s no surprise HBO canceled ‘Westworld’ after four seasons | Lauren Forristal | 2,022 | 11 | 4 | In a series of , HBO has managed to disappoint many viewers as of late. Now, “Westworld” fans will be among them. The network announced today that it is canceling the sci-fi drama after four seasons. The show just aired its season four finale in August. HBO, in a prepared statement, said, “Over the past four seasons, ... |
VCs decipher the recent fintech layoffs — and why they’re happening now | Christine Hall | 2,022 | 11 | 4 | in the fintech world cut jobs in the past month. And yet still made a splash, proving that unicorns and decacorns are not immune to the challenging economic and fundraising conditions. The Stripe news closely follows Chime would be laid off and that it was cutting 11% of its workforce. So what the heck is going ... |
Hear NASA’s science and tech ambitions from Carolyn Mercer at TC Sessions: Space | Devin Coldewey | 2,022 | 11 | 4 | returns on December 6, and among our distinguished guests is , chief technologist for NASA’s Science Mission Directorate, who will share the agency’s tech and science ambitions and priorities in the Artemis era. Mercer is a NASA veteran and started as a research engineer at Glenn before ascending through the ranks to... |
Emerge Career’s pre-release job training lands $3.2M seed and new state contracts | Devin Coldewey | 2,022 | 11 | 4 | Education options during and after incarceration have never been particularly extensive, despite the best intentions of educators. is working on changing that, and its early success in putting formerly incarcerated folks to work is attracting investment from both VCs and government programs. It was only August when E... |
Why Robinhood and Coinbase gained ground after reporting earnings | Alex Wilhelm | 2,022 | 11 | 4 | for expecting public fintech companies that facilitate consumer trading to be under pressure this week. And yet, after reporting earnings, the share prices of two pandemic-era highfliers gained ground. Coinbase and Robinhood up? In this economy? Yes. Of the out-of-fashion tech sectors, consumer trading has to be among... |
What investors really think about the TAM slide in your pitch deck | Walter Thompson | 2,022 | 11 | 4 | of pitch meetings as a trial by fire: If an entrepreneur can negotiate deadly traps and slay the doubt monsters that bedevil tech investors, they’ll be rewarded with a golden SAFE note at the end of their quest. Particularly for first-timers, the pitch has become an existential drama, which can lead to poor decisions ... |
Should Twitter embrace porn and compete with OnlyFans? | Amanda Silberling | 2,022 | 11 | 4 | So let’s say hypothetically, you’re an extremely online billionaire who just for $44 billion, a purchase you presumably regret given the fact that you spent months in trying and failing to get out of the deal. You’re probably wondering how you can turn a company that operated at a last quarter into a business that... |
Musk blames ‘activist groups’ for major advertisers pausing spending on Twitter | Kyle Wiggers | 2,022 | 11 | 4 | As mass layoffs begin at Twitter, major advertisers are pausing their campaigns on the social network — a move that’s gotten the attention of newly minted CEO Elon Musk. In a tweet this morning, Musk blamed a “massive drop” in Twitter revenue on “activist groups pressuring advertisers,” likely referring to an sent Tu... |
Elon guts Twitter, Google shutters Hangouts, and the tech layoffs continue | Greg Kumparak | 2,022 | 11 | 5 | Hey, all — welcome back to , the newsletter where we sum up the most read TechCrunch stories from the past week. And oof, what a week it was. Want this newsletter in your inbox every Saturday? . Signed up? Let’s just dive right in. : It was Elon’s first full week as the boss of Twitter post-$44 billion acquisition. Sw... |
Twitter begins rolling out $7.99 Twitter Blue plan with verification, fewer ads | Kyle Wiggers | 2,022 | 11 | 5 | Just days after newly minted Twitter CEO Elon Musk changes to Twitter’s system for verifying user accounts, including charging $8 per month for the privilege, Twitter appears to have begun rolling out a new tier of Twitter Blue, its premium subscription service, that reflects some of the changes that Musk has propose... |
Tweep’s Twitter | Natasha Mascarenhas | 2,022 | 11 | 5 | We’ve been living through a lot of tech history over the past two years, but the brutal Twitter feel especially sad, complex and exhausting to anyone who follows the industry. We knew it was coming, then we were told it wasn’t, then it most certainly was, then it did. Reports I don’t have a hot take, or a Musk-relate... |
Hulu set to raise the cost of the Hulu Live TV bundle in December | Lauren Forristal | 2,022 | 11 | 4 | A month after Hulu of its on-demand streaming service, it is now targeting the subscribers of its live TV streaming bundle. Parent company Disney in August that it would increase the cost of the Hulu Live TV bundle later in the year. Starting on December 8, Hulu Live TV subscribers will have to pay $74.99 per month... |
Connecting the dots: SaaS and alts | Anna Heim | 2,022 | 11 | 5 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. and I spent quite a bit of time this week Battery Ventures’ report. It brought some forward-looking data to our attention — for instance, on cloud adoption — but also confirmed something impossible to ig... |
This Week in Apps: Twitter chaos, Mastodon grows and WhatsApp launches Communities | Sarah Perez | 2,022 | 11 | 5 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by the pandemic has decreased. But overall, the app economy is... |
Making DAOs accessible for normals on TechCrunch Live | Matt Burns | 2,022 | 11 | 5 | Want to start a DAO? It’s not that hard. Want to join a DAO? It’s even easier, but there are several steps to get connected. Some of those steps are daunting. That’s why Alex Taub started Upstream, which attempts to make starting and onboarding for a DAO much easier. Tune in to the next TechCrunch Live to hear from Ale... |
Laid off? Climate tech is looking for talent and founders | Tim De Chant | 2,022 | 11 | 5 | that the U.S. Federal Reserve would hike rates once more — and when it followed through earlier this week — another round of layoffs hit the tech sector. , , , , , , and of course , , have already cut or are about to eliminate thousands of jobs. That’s bad news for employees today, but it might be good news fo... |
Jack Dorsey breaks his silence, owns ‘responsibility for why everyone is in this situation’ at Twitter | Natasha Mascarenhas | 2,022 | 11 | 5 | , who stepped down as Twitter CEO , finally addressed that impacted approximately 50% of the company he co-founded in 2006. The workforce reduction, led by Twitter’s new owner Elon Musk, impacted thousands of people — and . “Folks at Twitter past and present are strong and resilient,” Dorsey said on Twitter on Satur... |
Sacca’s Lowercarbon doubles down on startup bringing solar modules to Indian rooftops | Manish Singh | 2,022 | 11 | 2 | Chris Sacca’s Lowercarbon is doubling down on a startup that is . SolarSquare said on Thursday it has raised $13 million in a Series A funding round led by Lowercarbon and Elevation Capital, just months after securing its seed financing. Existing backers Good Capital, Rainmatter, Better Capital and social commerce Mee... |
Meet Seoul-based accelerator SparkLabs’ 19th batch of startups | Kate Park | 2,022 | 11 | 2 | South Korea, — about $6.45 billion annually — following China and India, currently has 16 unicorns to date. |
Twitter cancels its Chirp conference for developers amid management transition | Ivan Mehta | 2,022 | 11 | 2 | Twitter is canceling its developer-focused Chirp conference amid management transition, the company late Thursday. The conference was scheduled to take place in San Francisco on November 16. After Elon Musk took over the company last month, there have been several executive exits and directional changes in the compan... |
Tiger Global-backed SaaS startup Chargebee cuts 10% of jobs | Jagmeet Singh | 2,022 | 11 | 2 | Chargebee, backed by marquee investors including Tiger Global and Sequoia Capital India, has laid off about 10% of its staff in a “reorganization” effort due to ongoing global macroeconomic challenges and growing operational debt. The Chennai and San Francisco-headquartered startup, which offers billing, subscription, ... |
Bitwise, Paradigm and Perkins Coie talk regs at TC Sessions: Crypto | Lucas Matney | 2,022 | 11 | 5 | Crypto entities ranging from major exchanges to small projects are on the road to stateside regulation. Whether it comes through the Securities and Exchange Commission or the Commodity Futures Trading Commission, many actors in the space are looking for concrete future guidance on how to build compliant businesses in a... |
India metro smart cards vulnerable to ‘free top-up’ bug | Jagmeet Singh | 2,022 | 11 | 2 | transit systems — or metro, as it’s known locally — rely on commuter smart cards that are vulnerable to exploitation and allow anyone to effectively travel for free. Security researcher discovered a bug impacting Delhi Metro’s smart card system. The researcher told TechCrunch that the bug exploits the top-up process... |
Aurora says it has enough cash to commercialize autonomous trucks in 2024 | Rebecca Bellan | 2,022 | 11 | 2 | Aurora Innovation said Wednesday it will have enough money to continue to develop its autonomous vehicle technology until its commercial launch in mid-2024 — an effort to assuage shareholders amid a tightening capital market and a week after competitor Argo AI suddenly shut down. The company said it closed the third qu... |
Fisker bumps up production for all-electric Ocean SUV | Jaclyn Trop | 2,022 | 11 | 2 | Fisker is raising its manufacturing forecast two weeks before its first electric vehicle, the Ocean SUV, enters production. The automaker plans to produce 42,400 Ocean SUVs by the end of 2023, up from an initial forecast of 40,000, due to strong demand in the U.S. and Europe. The company said it has received 62,000 res... |
null | Haje Jan Kamps | 2,022 | 11 | 4 | null |
Revere is creating a ratings system for the venture capital industry | Natasha Mascarenhas | 2,022 | 11 | 2 | industry is built on signals. Lead investors help close rounds, pro rata rights show promise of a company, and the partner title gives validity to folks within firms looking to close deals. , a new bet being built by former AngelList executive and family office operator , is playing upon these characteristics. The ... |
Roku drops ~19% as it braces for a bumpy fourth quarter | Lauren Forristal | 2,022 | 11 | 2 | As advertisers pull back on spending and supply chain disruptions persist, investors have braced themselves for an unpleasant quarter for Roku. And investors are probably right to be worried. Roku released its on Wednesday, revealing that it is still experiencing slow growth in revenue in a continuously challenging e... |
Instagram will soon allow select creators to make and sell NFTs directly in its app | Aisha Malik | 2,022 | 11 | 2 | Meta announced today that it is introducing a number of new creator updates across Instagram and Facebook. Most notably, the company revealed that creators on Instagram will soon be able to create their own NFTs and sell them directly to fans, both on and off Instagram. With this update, creators will have access to a ... |
Daily Crunch: Former Googlers raise more than $90M to scale alternative asset fintech startup | Christine Hall | 2,022 | 11 | 2 | Hellooooo, guess what? It’s November! We guess it was actually November yesterday, too, but we failed to notice, because LOL what even is time, amirite. Anyway, put away your Halloween costumes and start the game of How Long Can You Avoid “Little Drummer Boy”? If you want to play that game, , although that’s a parti... |
Proptech in Review: 3 investors explain how finance-focused proptech startups can survive the downturn | Mary Ann Azevedo | 2,022 | 11 | 2 | days of the COVID-19 pandemic, interest rates for mortgages dropped to historic lows. Predictably, home buyers made hay, taking full advantage of the favorable financial environment to pick up new homes and refinancing mortgages on their existing homes. Startups operating in the financial side of the real estate tech ... |
Web3 infrastructure startup Tenderly takes on Infura, Alchemy with new node offering | Anita Ramaswamy | 2,022 | 11 | 2 | Web3 developer tooling startup Tenderly with a new product it announced today called Web3 Gateway. The product will help web3 developers read, stream and analyze blockchain data, according to the company. The offering builds on the company’s observability stack, which it says indexes over nine billion transactions ac... |
George Hotz, aka ‘geohot,’ is leaving Comma.ai for a lofty AI project | Kirsten Korosec | 2,022 | 11 | 2 | Four years ago, Comma.ai founder George Hotz turned to his board — of which he is the only member — and . At the time, the goal for the famed iPhone and PlayStation 3 hacker, known as geohot, was to build out a new research division to focus on behavioral models that can drive cars. Now, Hotz says he is taking from t... |
OpenAI will give roughly 10 AI startups $1M each and early access to its systems | Kyle Wiggers | 2,022 | 11 | 2 | OpenAI, the San Francisco-based lab behind AI systems like GPT-3 and DALL-E 2, today launched a to provide early-stage AI startups with capital and access to OpenAI tech and resources. Called Converge, the cohort will be financed by the , OpenAI says. The $100 million entrepreneurial tranche was announced last May a... |
Digital bank Chime is cutting costs across the board – including 12% of staff | Natasha Mascarenhas | 2,022 | 11 | 2 | Digital bank confirmed today that it is 12% of its workforce, or about 160 people. The Information . According to an internal memo obtained by TechCrunch, Chime co-founder Chris Britt described that the move was one of many that would help the company thrive “regardless of market conditions.” In the memo, Britt sai... |
Opendoor lays off about 550 employees, or 18% of its workforce | Mary Ann Azevedo | 2,022 | 11 | 2 | Opendoor is letting go of about 550 people, or 18% of the company, across all functions, its co-founder and CEO Eric Wu announced in today. The real estate technology company is one of many property technology (proptech) companies that have had to lay off workers in 2022. Online mortgage lender has had multiple rou... |
Gmail to add a new package tracking feature ahead of holiday shopping season | Sarah Perez | 2,022 | 11 | 2 | Google today a small but useful update to Gmail that will allow users to soon be able to track their upcoming package deliveries directly from their inbox. The feature works by looking for emails that include tracking numbers, then using that information to determine the order’s expected delivery date and flagging th... |
HBO series ‘The Last of Us’ premieres this January | Lauren Forristal | 2,022 | 11 | 2 | “ ” HBO’s upcoming original series, gets an official release date of January 15, 2023, WarnerMedia today. Based on the popular video game, the series will make its debut on HBO at 9:00 p.m. ET and then stream in 4K on HBO Max. It appears HBO Max is looking to compete with streaming giant Netflix, which has adapted ma... |
Warner Bros. Discovery and HBO announce plans for ‘Game of Thrones’ NFTs | Lauren Forristal | 2,022 | 11 | 2 | Nifty’s the official sale of “Game of Thrones” NFTs. Starting today, customers can buy the Series 1 Hero Box for $150. The box comes with one “Hero” avatar or a rare “Legendary Hero,” nine resource cards that can be used to build a realm, and three story cards, which feature scenes, characters and locations from the... |
Fairmat raises $35M to recycle carbon fiber composite into a new material | Romain Dillet | 2,022 | 11 | 20 | closed a $35 million Series A funding round (€34 million) last month. It wants to turn carbon fiber composite that is no longer in use into a new material that can be used in new products. Temasek and CNP (Compagnie Nationale à Portefeuille) are leading the round, with Pictet Group, Singular, the Friedkin Group Inter... |
TSMC to produce 3-nanometer chips at its Arizona factory | Catherine Shu | 2,022 | 11 | 20 | TSMC founder Morris Chang said today that the semiconductor giant and Apple supplier will build 3-nanometer chips at its factory in Arizona, though final plans are not ready yet. The factory is currently under construction, with . During a press conference in Taipei, Chang said “three-nanometer, TSMC right now has a p... |
Bob Iger is returning to head Disney as Bob Chapek steps down | Ivan Mehta | 2,022 | 11 | 20 | The Walt Disney Co. said today that Bob Iger is returning to head the company as Bob Chapek is stepping down from the CEO post. Iger, who , is set to take command immediately. The company said that he will serve as the CEO for two years. “We thank Bob Chapek for his service to Disney over his long career, including na... |
What to expect from crypto regulation in the wake of the FTX scandal | Darrell Etherington | 2,022 | 11 | 20 | At our TC Sessions: Crypto event last week in Miami, I sat down with Bitwise Asset Management General Counsel and Chief Compliance Officer Katherine Dowling, Perkins Coie Partner Sarah Shtylman and Paradigm Policy Director Justin Slaughter to talk about the crypto regulation landscape, with a specific focus on the U.S.... |
The era of oil-driven foreign policy is over. Welcome to decarbonization diplomacy | Tim De Chant | 2,022 | 11 | 20 | 20th century, oil dominated foreign policy. Countries spent the better part of the century scrambling to secure supply. Sometimes it happened through negotiations and diplomacy. All too often it resulted in the overthrow of governments or outright invasions. But with fossil fuels on the wane, we’re starting to get a g... |
Einride founder on building an underlying business to support future tech goals | Rebecca Bellan | 2,022 | 11 | 20 | was founded in 2016 with a mission to electrify freight transport. Today, that means designing electric trucks and an underlying operating system to help overland shippers make the transition to electric. In the future, it will mean deploying electric autonomous freight — more specifically, Einride’s autonomous pods, ... |
How to stream the 2022 FIFA World Cup in the USA | Lauren Forristal | 2,022 | 11 | 20 | Fans across the globe will be tuning in to the most-watched sporting spectacle — — set to kick off on Sunday, November 20, with host nation Qatar facing off against Ecuador. expects worldwide to watch this year’s tournament. If you’re planning on streaming the 2022 World Cup, here’s how: U.S viewers can livestream ... |
Hyundai launches home charging ecosystem as part of EV push | Abigail Bassett | 2,022 | 11 | 20 | Hyundai announced this week at the LA Auto Show a new way for its customers to charge at home as part of the company’s efforts to woo a new group of EV buyers. Hyundai Home, the automaker calls it, incorporates solar panels, energy storage and EV charging for Hyundai owners. Hyundai announced a partnership with Electru... |
The exodus at Twitter may have been the plan all along, maybe? | Connie Loizos | 2,022 | 11 | 18 | When last updated his LinkedIn profile, he listed his role as “Layoff Survivor” at Twitter. Yet Clowes, a senior software engineer who joined the company in the spring of 2020, is now gone, too. He quit yesterday, dispassionately explaining on Twitter that he decided to leave not to hobble Twitter or because he hat... |
Drive Capital’s investors reach a fork in the road | Connie Loizos | 2,022 | 11 | 18 | Drive Capital was founded by two former Sequoia Capital Partners looking to start anew in the Midwest. But investors in the Columbus, Ohio-based firm have had a bumpy ride of late, and according to our sources, they aren’t enjoying it. It’s a dramatic turn for Drive, which announced $1 billion in capital commitments ba... |
The backlog of IPOs in fintech keeps growing as valuations continue their retreat, report says | Kyle Wiggers | 2,022 | 11 | 20 | Hey, hey, Mary Ann here, feeling all sorry for myself because I have COVID for the first time when I should be grateful that it took so long for me to get it, right? Thankfully you can’t catch my germs through a computer or phone screen. I’ll be okay but as a result…you’re stuck with another slightly abbreviated versio... |
Daily Crunch: Nuro founders admit aggressive hiring ‘was a mistake’ in email to laid-off workers | Kyle Wiggers | 2,022 | 11 | 18 | Hey, folks. It’s Kyle, filling in for the Daily Crunch stalwarts Haje and Christine. I can’t match my esteemed colleagues’ pith and wit, but — unlike a certain megalomaniac billionaire who shan’t be named — I’ve promised to avoid any passive-aggressive language about committing to “hardcore” work culture. You won’t hav... |
null | Frederic Lardinois | 2,022 | 11 | 2 | null |
Google introduces Workspaces Spaces Chats conversations summaries | Devin Coldewey | 2,022 | 11 | 18 | Having trouble keeping up with the conversations in your Chats in your Workspace Spaces? Google feels your pain, and is “ conversation summaries in Google Chat for messages in Spaces.” Now your conversations in Spaces Chats will be summarized right in your Premium Workspace. The issue is, of course, that while Chats i... |
Elizabeth Holmes sentenced to 11 years in prison for Theranos fraud | Amanda Silberling | 2,022 | 11 | 18 | Ten months after she was found guilty of fraud, the former youngest self-made female billionaire Elizabeth Holmes was sentenced to 11.25 years in prison, plus three years of supervised release. At her trial, she was found guilty on related to defrauding investors, but she was not found guilty of defrauding patients. ... |
Booz Allen says former staffer downloaded employees’ personal data | Zack Whittaker | 2,022 | 11 | 18 | U.S. government contractor has disclosed that a former staffer downloaded potentially tens of thousands of employees’ personal information from the company’s internal network. The government and defense contractor said that one of its staffers, while still employed by the company, downloaded a report containing the p... |
Quantifying the global e-commerce slowdown | Alex Wilhelm | 2,022 | 11 | 18 | was many things. Global contagion. Health catastrophe. Herald of new geopolitical tensions and a long-running commentary on how far we’re willing to go to protect — or not — our fellow humans. It was also a business earthquake that shook up most industries around the world. But as quickly as COVID came on the scene, b... |
VinFast’s bid to attract US buyers includes 4 all-electric SUVs and maybe a sports car | Abigail Bassett | 2,022 | 11 | 18 | VinFast showcased four battery-electric SUVs at the LA Auto Show this week, and even hinted at a sports car, as the Vietnam-based automaker pushes ahead with its plan to break into the U.S. market. The four EVs, which ranged in size from small five-passenger crossovers to large seven-passenger SUVs, is part of the comp... |
TechCrunch+ roundup: TAM takedown, green card layoffs, when to ignore investor advice | Walter Thompson | 2,022 | 11 | 18 | When the downturn began, many VCs urged founders to slash their marketing spending. On its face, that’s an effective way to extend runway while cutting costs. Several months later, we’ve since learned that cutting marketing budgets doesn’t make early-stage startups healthier, but it is a great way for VCs to reduce bur... |
The US Securing Open Source Software Act of 2022 is a step in the right direction | Javier Perez | 2,022 | 11 | 18 | Cybersecurity continues to be a hot topic. More and more organizations are getting hit by ransomware attacks, critical open software vulnerabilities are making news, and we’re seeing industries and governments coming together to discuss initiatives to improve software security. The U.S. government has been working with... |
TechCrunch staff on what we lose if we lose Twitter | Ron Miller | 2,022 | 11 | 18 | the other day that journalists would suffer if Twitter ever shut down because they would lose a driver of traffic. While there is some truth to that — Twitter does help expose your writing to a larger audience — it’s also true that Twitter has value beyond that for journalists and other users. It’s safe to say that ... |
India’s securities depository CDSL says malware compromised its network | Jagmeet Singh | 2,022 | 11 | 18 | India’s leading central securities depository, Central Depository Services Limited, or CDSL, says its systems have been compromised by malware. On Friday, the securities depository said in with India’s National Stock Exchange that it detected malware affecting “a few of its internal machines.” “As a matter of abundan... |
Autonomous delivery startup Nuro lays off 20% of workforce | Kirsten Korosec | 2,022 | 11 | 18 | Nuro, the autonomous vehicle delivery startup , is laying off about 300 people, or 20% of its workforce, in an effort to preserve cash amid a stormy economic outlook, according to an email sent to employees this morning. Several Nuro employees also posted on Twitter and LinkedIn this morning that they had been affecte... |
Patreon competitor Fanfix launches ‘SuperLink,’ a link-in-bio platform aimed at Gen Z creators | Lauren Forristal | 2,022 | 11 | 18 | , the Patreon-style platform focused on Gen Z, announced today the launch of , a standalone monetization-focused link-in-bio platform that displays a creator’s Fanfix page. Fanfix previously partnered with various link-in-bio companies, including Koji, Beacons and Hoo.bee. However, the company says many of its creator... |
Pick your poison: Recruitment or retention? | Natasha Mascarenhas | 2,022 | 11 | 18 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, and discussed the latest and greatest of this consuming news cycle. Our goal with the episode, as always, is to go beyond what you may see in a 140-character-take on [insert ... |
Ransomware is a global problem that needs a global solution | Carly Page | 2,022 | 11 | 18 | year, we were optimistic. It seemed like the after the U.S. government scored a handful of wins against the cybercriminals carrying out these increasingly damaging attacks: the Justice Department successfully seized $2.3 million in bitcoin that paid to the DarkSide ransomware gang to reclaim its data, and months l... |
Jumia to cut products and overhead as new management chases profits | Tage Kene-Okafor | 2,022 | 11 | 18 | co-founders Sacha Poignonnec and Jeremy Hodara from their roles as co-CEOs, just ten days before the company’s third-quarter 2022 financial report. The end of their tenure, therefore, marked the first time a new face — Francis Dufay, the ex-chief at Jumia Ivory Coast and now acting CEO of Jumia — took charge of the ... |
VCs dish on why food tech investment was so light in Q3, while SAVRpak bags freshness deal with Jüsto | Christine Hall | 2,022 | 11 | 18 | Like many other venture-backed sectors in recent months, investment in food tech has largely been quiet over the past few months. Sure, there have been some bigger deals in the third quarter, for example grabbing $150 million for its mushroom root-based meat (still the best alternative protein food photo I have seen ... |
Hive ransomware actors have extorted over $100M from victims, says FBI | Carly Page | 2,022 | 11 | 18 | The U.S. government has warned of ongoing malicious activity by the notorious Hive gang, which has extorted more than $100 million from its growing list of victims. A released by the FBI, the U.S. Cybersecurity and Infrastructure Security Agency, and the Department of Health and Human Services on Thursday revealed ... |
Fund of funds Sweetwood Ventures bets big on VC’s smallest funds | Rebecca Szkutak | 2,022 | 11 | 18 | Despite legacy venture capital firms continuing to raise bigger and , LPs may have more luck focusing on the small stuff. Amit Kurz, a general partner at Israel-based fund of funds , thinks so. He told TechCrunch that last year he started to notice more and more tiny funds he wasn’t familiar with getting on the cap t... |
TipTip uses a hyperlocal strategy to help Southeast Asian creators monetize | Catherine Shu | 2,022 | 11 | 27 | There are a lot of talented people, like chefs and musicians, in Southeast Asia who can earn money through their work online, says founder Albert Lucius. But many of them don’t have the social media clout to attract advertisers. TipTip wants to help them build up followers in their communities using an offline/online... |
Lawyers see crypto regulation coming in 2023 because industry needs to rebuild trust | Jacquelyn Melinek | 2,022 | 11 | 27 | year in the crypto markets, many market participants are unperturbed about the long-term health of the sector and say that legal frameworks in 2023 could restore trust in the industry. Given the belief by many that crypto remains here to stay, it’s worth looking ahead. Crypto denizens certainly are — after the FTX co... |
Crypto VC David Pakman on FTX: An ‘entirely avoidable tragedy’ | Connie Loizos | 2,022 | 11 | 11 | If you want to better understand exactly how big a deal it is that the cryptocurrency exchange FTX just imploded, you could do worse than talk with David Pakman, an entrepreneur turned venture capitalist. After logging 14 years with the investment firm Venrock, Pakman — who led Venrock’s investment in the digital colle... |
TechCrunch+ roundup: H-1B worker advice, managing remote teams, pitch deck teardown | Walter Thompson | 2,022 | 11 | 11 | According to , more than 23,000 tech workers have been laid off so far this month. For comparison, the site tracked 12,463 layoffs in October. Facebook’s parent company Meta announced the first major job cuts in its history this week, eliminating 11,000 jobs. Like Twitter, Stripe, Brex, Lyft, Netflix and other tech fi... |
Daily Crunch: FTX CEO Sam Bankman-Fried quits as crypto exchange files for bankruptcy | Christine Hall | 2,022 | 11 | 11 | Hoooo boy. As Alex would say: This week has been a long year. You just know it has been a pretty wild ride when , and it isn’t even really in the top 10 of crazy things that happened. , you retro-loving nerd, you. , the DOJ of Silk Road crypto, Binance FTX, then , causing Sequoia to . Theranos’s founder , whil... |
Amazon shutting down wholesale distribution in third business exit in India | Manish Singh | 2,022 | 11 | 27 | Amazon is shutting down its wholesale distribution business in India, the latest in a series of retreats for the retailer in the key overseas market where it has deployed over $7 billion in the past decade. The American e-commerce giant said Monday that it is discontinuing Amazon Distribution, its wholesale e-commerce ... |
Engage with Aerospace Corp, Mynaric and Otter at TC Sessions: Space | Lauren Simonds | 2,022 | 11 | 11 | We’re getting ready to launch our third conference on December 6 in Los Angeles, and we still feel the thrill associated with space technology and the intrepid early-stage startup founders and researchers who dare to explore the possibilities beyond the boundaries of our home planet — and beyond what we thought possi... |
null | Peyton Carr | 2,022 | 11 | 18 | null |
Amazon eyes devices group as it undertakes broad cost cutting | Brian Heater | 2,022 | 11 | 11 | The Echo business has always looked like Amazon playing the long game from the outside. Above all, the company’s home consumer hardware is a convenient vessel for getting Alexa into millions of homes. But when a corporation is doing some , no divisions are safe from cost cutting — certainly not one that is reportedly ... |
Musk’s lawyer tells Twitter staff they won’t be liable if company violates FTC consent decree | Natasha Lomas | 2,022 | 11 | 11 | Following a , TechCrunch has obtained an internal email sent by Elon Musk’s lawyer, Alex Spiro, to all remaining employees — in which he seeks to calm staffers’ concerns by claiming that they do not have individual liability for upholding the requirements of the FTC consent decree. We’ve reproduced the full text of th... |
Can proof of reserves prevent future crypto exchange collapses? | Jacquelyn Melinek | 2,022 | 11 | 11 | exchanges are rushing to publish proof of reserves in a seeming attempt to reassure investors their funds are safe as fellow exchange . Proof of reserves ( ) are independent audits by third parties that aim to provide transparency and evidence that a custodian holds the assets it claims to own on behalf of its client... |
Crypto’s white knight was a black hat all along and other TC news | Darrell Etherington | 2,022 | 11 | 11 | This week, I talk with about the coalition of VCs that are standing for reproductive rights. And comes on to break down the FTX/Binance saga that’s unfolded over the past week (and that continues to develop). And as always, we break down the biggest stories in tech. Articles from the episode: Other news from the wee... |
Tesla opens its EV connector design to other automakers | Kirsten Korosec | 2,022 | 11 | 11 | Tesla is sharing its EV charging connector design in an effort to encourage network operators and automakers to adopt the technology and help make it the new standard in North America. Tesla said Friday that its design and specification files are . The company said it is “actively working with relevant standards bod... |
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