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Rivian begins laying off 6% of workforce | Kirsten Korosec | 2,022 | 7 | 27 | has started laying off about 6% of its workforce as part of a , according to an internal email from founder and CEO RJ Scaringe. The companywide email, which was sent out Wednesday and viewed by TechCrunch, alerted all employees that those affected would receive an email invite from their manager with more context an... |
Buy a student pass to Disrupt before prices go up this Friday | Lauren Simonds | 2,022 | 7 | 27 | Frugal, budget-minded college and university students take heed. The $195 price for a student pass to goes up this . Disrupt rolls out in person on October 18–20 — with an online day October 21 — in San Francisco. The OG of tech conferences offers plenty of opportunities for students determined to make their mark in... |
Google delays move away from cookies in Chrome to 2024 | Kyle Wiggers | 2,022 | 7 | 27 | Google is again plans to phase out Chrome’s use of third-party cookies — the files websites use to remember preferences and track online activity. In a blog post, Anthony Chavez, Google’s VP of Privacy Sandbox, said that the company is now targeting the “second half of 2024” as the timeframe for adopting an alternati... |
Keychron’s first Alice-style mechanical keyboard was worth the wait | Frederic Lardinois | 2,022 | 7 | 27 | About a year ago, launched its Q-series of custom mechanical keyboards that now spans the gamut from small 60% boards to full-size options, with everything in between. Whatever your preference, Keychron clearly wants to be in the running for your money. Now, the company is , a rare 65% Alice-style board with a gaske... |
Wheelocity raises $12 million for its supply chain network for fresh commerce in India | Jagmeet Singh | 2,022 | 7 | 11 | Wheelocity, an early-stage supply chain startup that handles fresh food supplies for quick commerce platforms in India, has raised $12 million in a new financing round as it gears up to broaden its product offerings and expand workforce. Lightspeed India Partners led the startup’s Series A funding, which is a mix of 80... |
Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend | Paul Sawers | 2,022 | 7 | 11 | European insurance tech startup has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion. This represents a 50% increase at its Series C round. Founded out of Berlin in 2015, Wefox sells various insurance products through a combination of in-house and ... |
Children’s rights groups call out TikTok’s ‘design discrimination’ | Natasha Lomas | 2,022 | 7 | 11 | Research examining default settings and terms & conditions offered to minors by social media giants TikTok, WhatsApp and Instagram across 14 different countries — including the U.S., Brazil, Indonesia and the U.K. — has found the three platforms do not offer the same level of privacy and safety protections for children... |
Linktree’s new mobile app allows users to manage their pages on the go | Aisha Malik | 2,022 | 7 | 11 | announced today that it’s launching a to make it easier for users to access its service. The new app will allow users to create a Linktree, add and manage links, customize their design and more from their phones. The goal of the app is to make it easier for creators to keep their Linktree up-to-date, the company say... |
Behold! The Webb Space Telescope’s glorious first image shows countless distant galaxies | Devin Coldewey | 2,022 | 7 | 11 | The James Webb Space Telescope is one of NASA’s, and the space community in general’s, most exciting missions in the past decade, and the enormous observation platform’s first image, of distant galaxies actually our neighboring galaxies, was just revealed to the public on a live stream hosted by none other than Presi... |
Backed by Tiger Global, Intellect is creating culturally competent mental health care for Asia | Catherine Shu | 2,022 | 7 | 11 | Mental health startup ’s ambitious goal is to be available across the Asia-Pacific region, but to ensure localized, culturally competent care in each of the many markets it serves. Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $2... |
YouTube ends Lofi Girl’s two-year-long music stream over bogus DMCA warning | Amanda Silberling | 2,022 | 7 | 11 | constants in life: death, taxes and the “ ” YouTube stream. That is, until YouTube falsely hit the channel with a DMCA takedown, bringing the beloved streams offline for the first time in over 2 years. With over 668 million views, the stream was one of YouTube’s most popular places for people to go when they wanted ... |
Daily Crunch: Raise now, pay later: $800M funding round slashes Klarna’s valuation by 85% | Christine Hall | 2,022 | 7 | 11 | Hello! We love you! Won’t you tell us your name? Not literally. Or perhaps yes literally — come say hi to us on Twitter. We may not always be able to respond, but it’d be nice to know you’re out there. , for example. Clicking on that link gets you started. — and Unacademy, one of India’s high-flying startups, is go... |
Max Q: Grounded | Aria Alamalhodaei | 2,022 | 7 | 11 | Hello and welcome back to Max Q. By the time you read this, we’ll be less than 24 hours away from the release of the first images captured by James Webb Space Telescope. In this issue: NASA’s CAPSTONE CubeSat is “happy and healthy” after reestablishing communications with Earth, bringing to an end a nerve-wracking 24-h... |
Veteran digital health pros found virtual eating disorder care startup | Andrew Mendez | 2,022 | 7 | 11 | For Amanda D’Ambra and Joan Zhang, the idea of starting and co-founding an eating disorder care startup was personal: Both struggled with an eating disorder, along with other mental health issues, and received treatment — a treatment they hope more people will be able to access. D’Ambra and Zhang previously worked in d... |
Anonymous social app NGL tops 15M installs, $2.4M in revenue as users complain about being scammed | Sarah Perez | 2,022 | 7 | 11 | A popular anonymous social app called has now topped 15 million global installs, according to new data from app intelligence firm , released today. The app, which is now one of a handful of unregulated and potentially problematic , has been swiftly climbing the charts since its December 2021 launch. But while NGL i... |
Nanoracks and Gitai team up for second space robotics demo aboard the ISS | Aria Alamalhodaei | 2,022 | 7 | 11 | Nanoracks and Tokyo-based space startup Gitai are teaming up for a second technology demonstration on the International Space Station, a mission that could bring the Japanese startup one step closer to commercializing its autonomous in-space robotics. The two companies will be testing Gitai’s autonomous robotic system,... |
Lawmakers ask Facebook and Instagram to explain why they removed abortion posts | Taylor Hatmaker | 2,022 | 7 | 11 | In a letter to Head of Instagram Adam Mosseri and Meta CEO Mark Zuckerberg, Senators Amy Klobuchar and Elizabeth Warren expressed alarm that abortion-related content is receiving . Just after the Supreme Court ruled to overturn Roe v. Wade, found that posts offering to provide abortion pills were being removed from ... |
These earbuds give everything but your voice the ‘talk to the hand’ treatment | Haje Jan Kamps | 2,022 | 7 | 11 | We’ve had active noise canceling in wireless earbuds for a while, but that mostly benefits the person wearing the headphones to drown out the outside world. If you’ve been on the other end of a phone call with someone wearing ’em, you’ll notice that the microphones still pick up a lot other than the voice you’re trying... |
Now that Klarna has a new valuation, is Affirm cheap? | Alex Wilhelm | 2,022 | 7 | 11 | has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses are concerned. Now worth $6.7 billion after raising $800 million, the European BNPL provider is worth a fraction of its self , though the new war chest means the company is now well-fueled to ... |
Battery recycling could be the next investor darling of the EV era | Jaclyn Trop | 2,022 | 7 | 11 | , keen to fortify an EV supply chain and avoid raw materials shortages, are turning to a domain once overlooked: battery recycling. Suddenly awash in interest from EV makers and venture firms, the sector has seen a spate of partnerships and funding deals in the past 18 months. The momentum appears to be building, as in... |
Turn your startup’s pricing strategy into a powerful growth lever | Michael Perez | 2,022 | 7 | 11 | be powerful growth levers. A bad pricing model will impede growth and can even doom an otherwise promising startup, whereas a good model will capture some of the value that a product creates as revenue and keep growth flywheels humming along. A startup’s growth may be at risk if it’s too slow to revise its model, espe... |
macOS Ventura’s public beta is here; these are the top features | Brian Heater | 2,022 | 7 | 11 | , Apple promised to make the public beta of macOS Ventura available in July. The company stuck to its word, releasing lucky number macOS 13 this morning (alongside the rest) for everyone who likes to live life very slightly on the edge, after rounds and rounds of bug testing. We’ve been fiddling around with the latest ... |
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Pluto TV revamps its lineup with a focus on using lifestyle content and game shows to draw in viewers | Lauren Forristal | 2,022 | 7 | 11 | Today, Pluto TV reorganized its U.S. channel lineup, adding five new categories and four channels to the service in hopes of offering easier navigation for its users as well as drawing in new subscribers with genre-focused programming. The five categories added to the platform include Game Shows, Daytime TV, Home, Food... |
Spotify brings real-time lyrics to Google Nest Hub | Lauren Forristal | 2,022 | 7 | 11 | Around nine months after to Android, iOS, smart TVs, game consoles, and desktops, Spotify has now introduced them to the Nest Hub, Google’s smart device for the home, as well as other Google Assistant smart displays. and users noticed this rollout a few days ago. Spotify and Google haven’t offered a comment. To ac... |
Daily Crunch: Mac sales down 10%, iPhones up 3% — Breaking down Apple’s quarterly numbers | Haje Jan Kamps | 2,022 | 7 | 29 | Good morning, you wonderful specimens of humanity! It’s Friday, and I’m writing this from the hammock in my sunny North Oakland garden, so life ain’t all that bad. (I can only assume that WFH stands for Work From Hammock). This weekend, earmark a bit of time to apply to our Startup Battlefield 200. It gives you the cha... |
Kenya directs all banks to stop dealing with Chipper Cash, Flutterwave, saying they are unlicensed | Annie Njanja | 2,022 | 7 | 29 | A day after Central Bank of Kenya (CBK), Kenya’s monetary authority, said that Chipper Cash and Flutterwave were not licensed to operate in the East African country, the regulator has directed all financial institutions to cease doing business with the two fintechs. The CBK’s bank supervision deputy director, Matu Mugo... |
The biggest story from Big Tech earnings is the sheer growth power of public cloud | Ron Miller | 2,022 | 7 | 29 | 3 cloud infrastructure vendors – Amazon, Microsoft and Google – reported their earnings this week, it was clear that the cloud is helping keep their overall numbers up. But perhaps what was most surprising was that after years of sitting at 33% market share, AWS was up a tick to 34% in the second quarter, according to... |
Swvl’s $100M acquisition of Smart Bus startup Zeelo is off, amid tech stocks slump | Mike Butcher | 2,022 | 7 | 29 | All is not well with the proposed acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl. Back in April, we how a possible $100 million acquisition was on the cards, and, indeed, both companies confirmed it was, though not the price. Swvl, an Egyptian-born startup that provides shared transportation ... |
Here’s what Swarm has been up to in the 10 months since being acquired by SpaceX | Darrell Etherington | 2,022 | 7 | 29 | a year since satellite Internet-of-Things connectivity provider Swarm was acquired by SpaceX, and Swarm co-founder and CEO Sara Spangelo (now senior director of Satellite Engineering at SpaceX) is ready to talk about what Swarm’s been up to in that time. SpaceX is not known to be a super acquisitive company, so I was ... |
What do Big Tech earnings tell us about the health of consumer demand? | Alex Wilhelm | 2,022 | 7 | 29 | market for technology products today? The question is too broad. Large markets can have varying internal results that contrast with top-line numbers. An example of this from recent history is disparate results in venture capital activity we’ve noted around the world. While , we’ve also seen in Are tech sales simi... |
Climate-focused VC stays scorching as Buoyant Ventures targets $100M fund | Harri Weber | 2,022 | 7 | 29 | Like a groundhog and its shadow, many venture capitalists see a economy and burrow away, resting their check-signing hand for better days. But climate-focused VCs are lately, pumping well over a billion dollars per quarter into startups that strive to mitigate emissions as the . Buoyant Ventures is one such firm... |
Equal Ventures has a new pair of funds, filings show | Natasha Mascarenhas | 2,022 | 7 | 29 | , a venture firm that debuted in 2020 with a $56 million first fund, has raised a pair of new investment vehicles, SEC filings show. The New York City-based firm has closed and its first opportunity fund, The investment firm is led by two investors, Richard Kerby and Rick Zullo, equal partners in the firm. Kerby dec... |
Build a solid deck for your quarterly board meetings | Yousuf Khan | 2,022 | 7 | 29 | ago, about how to run a successful board meeting. Since then, I’ve been asked one question over and over: What does a good board update actually look like? It’s a perfectly reasonable question. In the early days of a startup, most founders have very little data to work with. It can be quite difficult to structure a ... |
Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff | Mary Ann Azevedo | 2,022 | 7 | 29 | Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired — adding to the the technology sector has seen over the past 18 months. In an emailed statement, a Lemonade spokesperson told TechCrunch that it was “able to offer a role at Lemonade to about 80% of ... |
Amazon shuts down its personal file storage service to focus on photos | Kyle Wiggers | 2,022 | 7 | 29 | Amazon’s consumer-focused storage service, Amazon Drive, will wind down over the next year, Amazon today. In an email to users, the company said that it was taking the opportunity to “more fully focus” its efforts on Amazon Photos, Amazon’s answer to iCloud Photos and Google Photos. Amazon Drive customers have until ... |
After dominating the short-video market, TikTok may be considering a music service | Aisha Malik | 2,022 | 7 | 29 | TikTok parent company ByteDance with the U.S. Patent and Trademark Office in May for a service called “TikTok Music.” First spotted by , the filing indicates that the trademark could be applied to a mobile app that would allow users to purchase, play, share and download music. The short-form video app is already a p... |
Facebook risks ban in Kenya for failing to stop hate speech | Annie Njanja | 2,022 | 7 | 29 | : Kenya’s ethnic cohesion watchdog, the National Cohesion and Integration Commission (NCIC), has directed Facebook to stop the spread of hate speech on its platform within seven days or face suspension in the East African country. The watchdog was reacting to a by advocacy group Global Witness, and Foxglove, a legal... |
Beyond volatility: How semiconductor companies can thrive with a focused sector strategy | Ondrej Burkacky | 2,022 | 7 | 29 | Semiconductors are critical to the economy of almost every country in the world. However, the industry is facing significant challenges. Even with fabs operating at full capacity, companies have struggled to keep pace with demand, pushing lead times to six months or longer. Moreover, the impact of the pandemic, a talen... |
TechCrunch+ roundup: SaaS burn multiples, 8 fintech VCs spill the tea, all my apes gone | Walter Thompson | 2,022 | 7 | 29 | Despite the ongoing correction in the public markets, mass layoffs in the tech sector and high inflation, U.S. Treasury Secretary Janet Yellen says we’re not yet in a recession. At the same time, it’s taking a lot longer to secure startup funding than it did just a few months ago, which means many companies are burning... |
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Clearco cuts 25% of staff, considers ‘strategic options’ for international operations | Natasha Mascarenhas | 2,022 | 7 | 29 | , a Toronto-based fintech capital provider for online companies, tells TechCrunch that it has laid off 125 people, or 25% of its entire staff. Those impacted will receive severance pay, a two-year window to exercise equity and job transition support from the leadership team, according to Clearco. The company did not sa... |
Application deadline extended for the Startup Battlefield 200 | Lauren Simonds | 2,022 | 7 | 29 | Here’s an exciting reprieve for time-strapped or procrastination-prone early-stage startup founders. We’re extending the application deadline for the ! Take your shot at joining this elite group for a new and awesome opportunity at . It’s positively packed with perks and possibilities. by TechCrunch editors will ... |
Microsoft’s layoffs, Airlift’s shutdown and Lofi Girl’s unplanned study break | Greg Kumparak | 2,022 | 7 | 16 | Hey, everyone! Welcome back to , the newsletter where we recap the most read TechCrunch stories from the last seven days. Want it in your inbox? The most read story on the site this week was, once again, unfortunately, about layoffs — . While the company plans to grow its headcount in the months ahead, for now it’s ... |
Will Volkswagen’s new CEO hamstring its EV push? | Tim De Chant | 2,022 | 7 | 29 | announcement late last week: Herbert Diess was out as CEO. As a manager, Diess was controversial, with a style that chafed both executives and labor leaders alike. But as a strategist, he was on firmer ground, deftly steering Volkswagen out of the Dieselgate scandal and setting it on a path toward full electrification... |
Building the future of robotics | Alex Wilhelm | 2,022 | 7 | 16 | Hello and welcome to a special edition of ! Today, sat down , a long-tenured TechCrunch denizen, our hardware editor, and genial chap. He also put together a that we’re hosting next week. The event is online, and free, which means that everyone can come and hang (that means you!). The confab was also a good exc... |
A startup is charging $1.99 for strings of text to feed to DALL-E 2 | Kyle Wiggers | 2,022 | 7 | 29 | Figuring out the right text prompts to yield the best results with AI systems like OpenAI’s DALL-E 2 has become a science in its own right. Now a startup is looking to let “prompt engineers” cash in with an online marketplace that sells these finely tuned phrases. , launched in June, allows users to sell strings of wor... |
After Roe’s reversal, founders of women’s health startups prepare for battle | Dominic-Madori Davis | 2,022 | 7 | 16 | had been preparing for Roe v. Wade to be overturned since the U.S. Supreme Court draft decision leaked in early May. But Nadya Okamoto, co-founder of period care company August, still felt heartbroken when the decision became official in late June. “One of the things that always made me passionate about policy and leg... |
Market dissonance doesn’t always include an easy hot take | Natasha Mascarenhas | 2,022 | 7 | 16 | At this point, it’s clear that no one agrees on anything. Half my sources say that early-stage venture completely is uncorrelated to the public stock market, while the other half say that everyone is pivoting their way to profitability to extend runway — regardless of stage. And while the dissonance is an evergreen sto... |
This Week in Apps: Elon wants out, TikTok’s content ratings, a new milestone for subscription revenue | Sarah Perez | 2,022 | 7 | 16 | 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 slowed down. But overall, the app economy ... |
Empowering a new wave of health tech startups — with data | Anna Heim | 2,022 | 7 | 16 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. When I heard that synthetic healthcare data startup would release free datasets with realistic-but-fake patient data, it caught my attention. Not because it was releasing open data, not because it was shari... |
Big Tech companies in the spotlight as South Africa investigates dominance abuse | Annie Njanja | 2,022 | 7 | 16 | Big Tech companies are facing increased scrutiny in South Africa for dominance abuse and anti-competitive behavior, just months after the country’s competition regulator, the Competition Commission (CompCom), started an inquiry into the conduct of online intermediation (B2C) platforms. In its initial findings, the regu... |
India blocks Krafton’s battle-royale game BGMI two years after PUBG ban | Manish Singh | 2,022 | 7 | 29 | Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI, from its Play Store in India after a government order, a year after developer Krafton launched the app in the South Asian market. The BGMI game has also been delisted from Apple’s App Store in the country. The A... |
Perceptron: AI that solves math problems, translates 200 languages and draws kangaroos | Kyle Wiggers | 2,022 | 7 | 16 | Research in the field of machine learning and AI, now a key technology in practically every industry and company, is far too voluminous for anyone to read it all. This column, , aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to, artificial intelligence — and ... |
Analysts estimate single-digit growth for all retailers during Prime Day sales | Ivan Mehta | 2,022 | 7 | 16 | Amazon’s annual sales event Prime Day delivered more than $12 billion in sales, according to third-party estimates. The retailer hosted the popular shopping event in the U.S. and in more than 15 other countries worldwide on July 13-15. This was the first Prime Day event under the new , who took over Jeff Bezos last ye... |
Once a key driver of global venture activity, fintech investment slows around the world | Alex Wilhelm | 2,022 | 7 | 16 | , tracking was a fine way to understand the general health of the VC world; when venture was getting bigger, so too was fintech fundraising. Worth around a fifth of all venture dollars invested last year, fintech startups raised nearly unfathomable sums of capital but with good reason. While companies around the wo... |
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Roku points finger at advertising slowdown for missing the mark on quarterly results | Lauren Forristal | 2,022 | 7 | 28 | In this current climate, Roku needed a win. Despite the company total net revenue growth of 18% year over year to $764 million– a nice increase from $737.7 million last quarter — the company missed Wall Street’s expectations. Analysts expected revenue of $805 million, which would have reflected 25% year-over-year gro... |
Twitter is increasing the price of Twitter Blue from $2.99 to $4.99 per month | Ivan Mehta | 2,022 | 7 | 28 | Twitter is the price of its subscription service, Twitter Blue, from $2.99 to $4.99 per month. Starting in October, existing subscribers will have to pay more. New users will currently have to pay the hiked rate. Apart from the U.S., the price hike is also applicable to other countries like Australia, Canada and New ... |
Daily Crunch: Indian government orders Apple, Google to delist popular game BGMI from app stores | Haje Jan Kamps | 2,022 | 7 | 28 | Why, hello there, and welcome back to another installment of the Daily Crunch! It’s lovely to have you here with me. Also, . I discovered the band when I was going to play a different (also excellent) song, , for a friend. Gotta love a lucky coincidence. This is also, incidentally, how I discovered the band Queensrÿc... |
YouTube’s new tool lets creators turn their own videos into Shorts | Sarah Perez | 2,022 | 7 | 28 | YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok. To aid with this effort, the company is today a new creator tool that turns existing YouTube videos into Shorts in a matter of moments. The update, now available on YouTube’s mob... |
iPhone revenue up slightly for Q3, as other hardware categories lose steam | Brian Heater | 2,022 | 7 | 28 | It was a mixed bag in hardware land as Apple reports its third-quarter profits today. In spite of lowered expectations, iPhone revenue was up slightly year over year, from $39.5 billion to $40.7 billion — amounting to a 3% jump from the same time period in 2021. But while the company’s overall picture beat Wall Street ... |
Amazon’s shares rise on earnings beat, despite $2B loss | Lauren Forristal | 2,022 | 7 | 28 | E-commerce giant Amazon its second-quarter results today, and despite inflation and a net loss of $2 billion, the results were surprisingly better than expected. All of the loss is chalked up to Amazon’s stake in Rivian. The second-quarter net loss is compared to the net income of $7.8 billion in Q2 2021. Sales incre... |
Apple’s services revenue growth slows to $19.6B in Q3, reaches 860M paid subscriptions | Aisha Malik | 2,022 | 7 | 28 | Apple released its on Thursday and reported $19.6 billion in services revenue, marking a 12% year-over-year increase, but narrowly falling short of Wall Street predictions of about $19.7 billion. The tech giant’s third-quarter services revenue also falls short of $19.8 billion and is also down from the 27% growth i... |
Instagram’s Dual camera feature copies BeReal, but misses the point | Amanda Silberling | 2,022 | 7 | 28 | drill: Snapchat adds the feature, Instagram nabs it. TikTok gets too popular, Instagram pivots to . Now, here’s another one for the list. This week, Instagram a feature to its TikTok-clone Reels called Dual, which lets you record with both your front and back camera at the same time. Visually, it looks extremely ... |
After 50 years pioneering satellite imagery, NASA’s Landsat is ready for 50 more | Devin Coldewey | 2,022 | 7 | 28 | have consistently made history in Earth observation since the project’s first launch in 1972, with this year marking . Its influence may surprise you, as will its continued relevance in the face of a fast-growing commercial imaging satellite sector. Landsat may be a familiar name to you but doesn’t ring any particula... |
Career Karma conducts layoffs as tech jobs face a massive stress test | Natasha Mascarenhas | 2,022 | 7 | 28 | Learning navigation platform has laid off 60 people across its United States and global teams, CEO and co-founder Ruben Harris confirmed to TechCrunch. While he did not share the percentage total of those impacted, sources say a third of staff was let go. C-suite was not impacted by the workforce reduction, Harris sa... |
CHIPS Act passes House on way to Biden signing | Brian Heater | 2,022 | 7 | 28 | Following a strong showing of bipartisan , the CHIPS Act staved off last minute attempts by the GOP House leadership to derail its passage. Congress’ lower chamber approved the $280 billion bill by a vote of 243-to-187. Twenty-four House Republicans backed the act, which is destined for the desk of staunch proponent, ... |
Instagram to walk back full-screen home feed and temporarily reduce recommended posts | Aisha Malik | 2,022 | 7 | 28 | Instagram head Adam Mosseri says the social network will walk back some recent changes to the app that have led to intense criticism from users. Mosseri revealed the news in an . Instagram will phase out a test that turned users’ home feeds into experience that prioritized video in the coming weeks. The company will... |
Securities are in the eye of the beholder | Anita Ramaswamy | 2,022 | 7 | 28 | TechCrunch The U.S. Securities and Exchange Commission on Coinbase. The publicly traded exchange has been under investigation for allegedly selling crypto tokens on its platform that qualify as securities without adhering to the associated rules and regulations. Coinbase, for its part, is insistent that it does se... |
The Exploration Company is developing a brand new reusable orbital spacecraft | Aria Alamalhodaei | 2,022 | 7 | 28 | scene is about five to 10 years behind America’s, Hélène Huby explained in a recent interview. She’s certainly qualified to make such an assessment: Huby spent much of her career at major European aerospace company Airbus, where one of her roles was VP of the European Service Module (ESM). The ESM is the power and pro... |
Venture investors shrug at proposed changes to US carried interest taxation | Alex Wilhelm | 2,022 | 7 | 28 | is forming among Democrats to tinker with the tax code, generate revenue by other means and apply those revenues to climate-change-related investments and deficit reduction. , if it passes, would a minimum tax rate for large companies and close the carried interest loophole. TechCrunch the climate-related provisi... |
Incredible Health CEO talks maintaining company culture through incredible growth | Maggie Stamets | 2,022 | 7 | 28 | Welcome to the first bonus episode of ! Typically we get the stories behind the startups but things change rapidly in startups so in the bonus episodes we’re catching up with some past guests to see how founder life is going a year or so later. In this mini-sode we’re catching up with the , Iman Abuzeid from which h... |
Let’s get practical | Brian Heater | 2,022 | 7 | 28 | me there were so many of you tuning in to the beginning of that we knocked the site offline for a bit. I’m extremely grateful for that — not for getting knocked off our axis for a bit, but rather for the interest that got us there. TechCrunch’s social team did a terrific job talking the show up in the home stretch, ... |
TikTok begins pilot testing HTML5 mini-games with a handful of partners | Sarah Perez | 2,022 | 7 | 28 | TikTok wants to determine its users’ appetite for mobile gaming with the launch of “mini-games” that can be played inside the social video app and discovered through creators’ videos. TechCrunch learned and has now confirmed TikTok’s new gaming pilot quietly launched just weeks ago with a variety of new partners, inclu... |
Social subscription Snapchat+ is already faring better than Twitter Blue | Sarah Perez | 2,022 | 7 | 28 | Snapchat’s has gained a bit of traction in its first weeks on the market. Though the social app maker just last week with an earnings miss amid a weak advertising landscape, its brand-new subscription Snapchat+ has already helped the app rake in over $5 million in revenue in its first month, according to new estima... |
Shinkei Systems’ AI-guided fish harvesting is more humane and less wasteful | Devin Coldewey | 2,022 | 7 | 28 | Fresh fish isn’t really that fresh — even straight off the boat. The way they’re caught and killed is not only inhumane but detrimental to the resulting meat. There’s a far superior alternative, but it’s time-consuming and manual — but has figured out a way to automate it, even on the deck of a moving boat and has la... |
KitaBeli is bringing e-commerce to Indonesia’s small cities | Catherine Shu | 2,022 | 7 | 17 | Complicated supply chains mean that consumers in Tier 1 and Tier 2 Indonesian cities often end up paying more for goods than their peers in large cities, like Jakarta. is on a mission to change that, with its own distribution network and a direct-to-consumer social commerce app. Today the startup announced that it ha... |
GameStop looks to diversify its meme money | Lucas Matney | 2,022 | 7 | 17 | Welcome back to Last week, we looked at web3 without Web 2.0’s winners. This week, we’re looking at a crossover episode for meme investing. You can get this in your inbox every Thursday afternoon by subscribing on What happens when a meme stock and a meme asset class collide? Well, investors in each hope that the resu... |
NFTs have the potential to become media companies, Rarible co-founder says | Jacquelyn Melinek | 2,022 | 7 | 17 | to retain mainstream attention, one founder predicts the digital asset sector will pivot in a new direction. “I think NFT collections will evolve as media companies [into something] like Disney,” Alex Salnikov, co-founder and head of product at NFT marketplace Rarible, said to TechCrunch. In recent months, major “ NF... |
Leaked Uber Files reveal history of lawbreaking, lobbying and exploiting violence against drivers | Rebecca Bellan | 2,022 | 7 | 10 | confidential files reveal a treasure trove of sketchy and unlawful behavior from Uber. The Uber Files, which were originally shared with and the , show a company that has knowingly broken laws, gone to extreme lengths to avoid justice, secretly lobbied governments, received aid from top politicians and exploited vi... |
Modsy quietly shut down while some customers were still awaiting refunds | Kyle Wiggers | 2,022 | 7 | 17 | In late June, , on online interior design services startup, , laid off its designers and left customers with unfinished renovations and project orders in process. The company returned some service order charges and promised to refund furniture deliveries to those who completed a form. But more than two weeks later, ... |
Micromobility is fun, but perhaps that’s all it’ll ever be | Annie Saunders | 2,022 | 7 | 10 | beginning with a note that I am terribly risk averse, and therefore … not a ton of fun. When Ford micromobility subsidiary first a fleet of electric scooters in my hometown of Pittsburgh last summer, my immediate instinct was very old-man-yells-at-cloud. Youths took over the streets and sidewalks, racing around do... |
Kodiak Robotics’ founder explains why autonomous freight could brush off inflation | Rebecca Bellan | 2,022 | 7 | 17 | problems of autonomous driving were a question of money, it’d have been solved long before now. That’s the primary argument of Don Burnette, co-founder and CEO of autonomous trucking startup Kodiak Robotics, which has expanded its business and hit milestones with a fraction of the funds that bigger players like Waymo ... |
Despite layoffs, there’s still a talent crunch in Southeast Asia | Catherine Shu | 2,022 | 7 | 10 | Tech layoffs , and , with companies like , and among those affected. In particular, fintech startups — BNPL, credit and lending, and inventory-holding businesses — are vulnerable, like i . , one of Southeast Asia’s largest jobs platforms with over 30,000 active job listings per month and 40,000 employers, recent... |
Tiger Global to slow startup investments for two quarters, eyes new fund later this year | Manish Singh | 2,022 | 7 | 10 | of the biggest winners from the technology bull market, plans to decelerate the pace of its investments in startups for two quarters, the latest in a series of high-profile investors becoming cautious as the market embraces a downturn. The New York-headquartered firm — which invested in 361 deals in 2021, according to... |
Kids’ finance startup GoHenry marches into Europe with Pixpay acquisition | Paul Sawers | 2,022 | 7 | 10 | , the U.K.-based financial education app and pre-paid debit card provider for kids, has expanded into Europe for the first time with the acquisition of French startup . Terms of the deal were not disclosed. Founded out of London back in 2012, GoHenry has emerged as one of the preeminent fintech companies for children,... |
The bright side of fintech funding results | Mary Ann Azevedo | 2,022 | 7 | 17 | CB Insights released its global State of Venture report last week, while PitchBook issued its own U.S.-focused venture report. Of course, we couldn’t wait to dig in to the findings of both. Alex Wilhelm and Natasha Mascarenhas — who also happen to be my partners in crime on the — and I pored through the numbers to gi... |
Get ready to connect with speed networking at TC Sessions: Robotics | Lauren Simonds | 2,022 | 7 | 10 | |
The bull case for startups in the back half of 2022 | Alex Wilhelm | 2,022 | 7 | 10 | in danger of suffering a ? With half the year now behind us, the gathering clouds for startups around the world don’t appear to have broken into storms, leaving us wondering if the market is really that bad today for venture fundraising, and therefore startup health. There are other positive factors to consider: Empl... |
As regulation heats up, will gaming studios’ gamble on loot boxes pay off? | Karan Bhasin | 2,022 | 7 | 17 | pressed to find a game that doesn’t include some form of microtransactions these days, especially in mobile games. It just makes sense for gaming companies — an immensely lucrative source of revenue, the microtransactions market in 2021, and projected to hit $106 billion by 2026. Typically offered as in-game collect... |
null | Tim De Chant | 2,022 | 7 | 28 | null |
Fintech startups lead the layoff wave | Mary Ann Azevedo | 2,022 | 7 | 10 | In 2021, fintech startups were the top recipients of venture capital globally, with $131.5 billion across 4,969 deals. So far in 2022, fintech startups are earning another, less favorable distinction — accounting for the third largest number of layoffs, by percentage, globally. As of July 1, some 3,709 employees — ... |
American internet giants seek changes to India’s proposed new IT rules | Manish Singh | 2,022 | 7 | 19 | An industry group representing several tech giants has requested the Indian government to make a series of changes to the , warning those amendments “negate” the government’s commitment to ease of doing business. India last month proposed a number of changes to the IT rules including creation of an appeals panel with ... |
China’s $1B fine on Didi could end the mobility giant’s troubled year | Rita Liao | 2,022 | 7 | 19 | Didi, the Chinese ride-hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, and reported. The company did not immediately respond to a request for comment. Along with the fine, the regulators will also allow Didi to re... |
Netflix confirms its ad-supported tier won’t have all its content at launch | Lauren Forristal | 2,022 | 7 | 19 | In today’s earnings call, Netflix confirmed the reports that have been circulating since last week that it is renegotiating deals to allow the streamer to put content on its cheaper advertising-supported plan, the arrival of which on the platform has been moved to early 2023. “The vast majority of what people watch on ... |
Google really doesn’t want its Glass successor to piss you off | Harri Weber | 2,022 | 7 | 19 | From to , Google has a rich history of bailing on neat ideas when the going gets tough. Yet unlike those forgone experiments, augmented-reality glasses apparently aren’t doomed to rest in Google’s metaphorical . Instead, the advertising company is tip-toeing its back into the wild. After teasing the smart glasses... |
Samsung will unveil its latest foldables on August 10 | Brian Heater | 2,022 | 7 | 19 | The days of the Galaxy Note Unpacked events are sadly gone, but Samsung’s foldables are more than happy to fill a phablet-sized hole in the company’s annual release schedule. Over the last couple of years, the company has made good on its promise to fully commit to the form factor, and we expect to see the latest addit... |
Toyota partners to build affordable commercial electric vans, light-duty trucks | Rebecca Bellan | 2,022 | 7 | 19 | Toyota is partnering with Suzuki Motor Corporation, Daihatsu Motor Co. and Commercial Japan Partnership Technologies (CJPT) to build mini commercial electric vans next year the Japanese automaker . Suzuki and Daihatsu will bring to the table their knowledge of manufacturing mini vehicles, while Toyota will come forth ... |
Netflix acquires animation studio Animal Logic | Lauren Forristal | 2,022 | 7 | 19 | Alongside the report in its to shareholders that Netflix , Netflix also the acquisition of Animal Logic, the Australian animation studio responsible for “Happy Feet,” “The Lego Movie,” “Peter Rabbit” and more. The transaction is expected to close later this year. The two companies are already partnering on “The Mag... |
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