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Elon Musk tells Twitter he is killing the deal | Taylor Hatmaker | 2,022 | 7 | 8 | Elon Musk is formally trying to end his bid to buy Twitter. After that he no longer wanted the company in tweets attacking Twitter over its bot calculations and an this week reflecting his thinking, Musk’s legal team is to terminate his $44 billion deal to buy Twitter. “Mr. Musk is terminating the Merger Agreem... |
This cardiac care startup just landed $20M for virtual rehab services | Andrew Mendez | 2,022 | 7 | 8 | Moving Analytics (Movn), a virtual at-home intervention program for high-risk cardiac patients, claims to be “the most clinically validated” cardiac rehabilitation program on the market. Though other online-based programs exist, others either address other international markets, like Heart2Heart, or work only with very... |
TechCrunch podcasts this week: Halloween in July, mafias, rockets and Matt Mullenweg | Matt Burns | 2,022 | 7 | 8 | TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help you find the right show for your interests, we’ve compiled our audio output from the week. And if you are more into the written... |
Biden order fortifies data privacy ahead of state-by-state legal battle over abortion | Devin Coldewey | 2,022 | 7 | 8 | An executive order signed by President Biden places the White House’s weight firmly behind states where access to abortion is guaranteed, urging the FTC and other executive entities to examine and reinforce data protection policies. Without a digital trail to follow, attempts to criminalize private medical activity acr... |
AngelList Venture wants to make cap table management cheaper | Natasha Mascarenhas | 2,022 | 7 | 8 | , a way for startups to organize and manage their cap tables natively within the platform. Stack Equity is a suite of products that companies use to set up, update and purchase founder, employee and investor equity. It is available, starting today, to U.S.-based C Corporations. It may sound like a niche product launc... |
Congress probes period tracking apps and data brokers over abortion privacy concerns | Taylor Hatmaker | 2,022 | 7 | 8 | The U.S. House Oversight Committee is probing a collection of period tracking apps and data brokers in light of emerging concerns about how private health data might be weaponized in the dawning post-Roe v. Wade era. The committee issued letters today to data brokers SafeGraph, Babel Street, Digital Envoy, Placer.ai an... |
Streaming service NFL+ confirmed, NFL will choose a streamer for its Sunday Ticket this fall | Lauren Forristal | 2,022 | 7 | 8 | NFL fans — especially cord-cutters — will be happy to know that The National Football League has confirmed it is launching its own direct-to-consumer (DTC) streaming service (NFL+) and that its new Sunday Ticket partner will be a streaming service. The news was confirmed today by NFL Commissioner Roger Goodell in an in... |
VCs slow Latin American investments after blowout 2021 | Alex Wilhelm | 2,022 | 7 | 8 | capital slowdown . It’s just not as bad — yet — as many anticipated, putting , forced to navigate waters that are somewhere between calm and stormy. An uncertain global macroeconomic future and rising interest rates are not helping to explicate the situation. On a regional basis, however, a clearer picture emerges. ... |
TechCrunch+ roundup: Abortion ban’s hiring impact, 3 e-commerce trends, how to pivot a startup | Walter Thompson | 2,022 | 7 | 8 | The first two years of the pandemic boosted e-commerce, but Simon Wu, a partner at Cathay Innovation, has identified three factors that are now creating strong headwinds for online retailers: Even if one could set aside a looming recession, the fact that consumers have decided to share less personal information is eati... |
7 ways investors can gain clarity while conducting technical due diligence | Roger Hurwitz | 2,022 | 7 | 8 | almost any company is a tech company in one way or another these days. But when it comes to assessing investment opportunities, few venture and growth equity investors have the resources to conduct thorough technical diligence. They often outsource this critical work to a consultant for more of a high-level overview, ... |
Massive Facebook survey shows climate investors have more sway on public opinion than you think | Tim De Chant | 2,022 | 7 | 8 | to using their acumen and financial heft to find companies that might disrupt markets. But it turns out their views and investments might disrupt public opinion, too. A massive survey of Facebook users from around the world shows a vast group of people who are neither convinced that climate change is the result of hum... |
DEUNA enters Latin America’s crowded one-click checkout sector flush with $37M | Christine Hall | 2,022 | 7 | 8 | , a Silicon Valley-based one-click checkout commerce startup, is officially joining Latin America’s with $30 million in Series A funding after largely staying under the radar since being founded in late 2020. Co-founders Roberto Enrique Kafati Santos and Jose Maria Serrano started the company after a career at McKins... |
Solana founder Anatoly Yakovenko discusses the crypto downturn at Disrupt | Lauren Simonds | 2,022 | 7 | 8 | These are turbulent times for both crypto investors and projects alike. Over the past several months, Bitcoin and Ethereum have seen substantial declines in their token prices. But investors have given even bigger haircuts to the breakout success stories of the 2021 bull run. Solana, a newer blockchain with early Silic... |
White House: Tesla to expand its US Supercharger network to other EVs in late 2022 | Jaclyn Trop | 2,022 | 7 | 8 | Tesla plans to begin opening its Supercharger network to other electric vehicles by the end of the year, according to a White House memo that shared the automaker’s plans. The U.S. government said in April that it needs to increase its own network of about a hundred-fold to meet coming demand. Tesla’s plans call for ... |
Butler shows hundreds of employees the door after raising $50M for room service delivery | Kyle Wiggers | 2,022 | 7 | 8 | Hospitality, an on-demand platform for room service and amenities, sent an email to vendors that might have been considered reassuring under other circumstances. “We are writing to inform you [that] room service and catering services will continue as is. All collateral is still functional,” the email read. “We appreci... |
Universal Music Group signs licensing deal with African streaming service Mdundo | Annie Njanja | 2,022 | 7 | 8 | The music catalog of the Universal Music Group (UMG), the world’s largest record company, will be available to users of Africa-focused streaming service Mdundo following the signing of a licensing deal. Mdundo said the deal will strengthen its offering to its 17 million active monthly users, and accelerate its growth a... |
Google will start erasing location data for abortion clinic visits | Taylor Hatmaker | 2,022 | 7 | 1 | In the aftermath of the Supreme Court’s decision to strip federal abortion rights in the U.S., many people are questioning how the apps they use every day might . As concerns mount over the endless well of data that tech companies built an entire industry around, Google is taking at least one step to mitigate some pot... |
Crypto mega hedge fund Three Arrows Capital reportedly files for bankruptcy in New York | Lucas Matney | 2,022 | 7 | 1 | Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in . The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, at one time managed an estimated $10 billion in assets and was a linchpin among crypto finance players. Its insolvency has for... |
Cauldrons, Bolts and sour markets: Welcome to Halloween in July | Natasha Mascarenhas | 2,022 | 7 | 8 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It doesn’t feel like a short week, does it? , and got on the mic to bring an especially packed episode full of big news, fire transitions and even a pun or three. |
Daily Crunch: Organization urges open source developers to dump GitHub following Copilot launch | Christine Hall | 2,022 | 7 | 1 | Happy Friday, everyone! If you are sitting around this weekend, and . Just a reminder that there will not be a newsletter on Monday for the Fourth of July. I hope you have a safe holiday weekend. See you on Tuesday! — P.S. We’ve got a couple of deals for you we don’t want you to miss out on! First, . And the sa... |
null | Tim De Chant | 2,022 | 7 | 8 | null |
Samsung’s cloud gaming hub brings Xbox, Twitch and more to newest smart TVs | Lauren Forristal | 2,022 | 7 | 1 | Samsung yesterday that it is bridging its hardware and software for a better gaming experience, bringing the Samsung Gaming Hub to its 2022 lineup of smart TVs and monitors. Game streaming content on the hub includes Xbox, NVIDIA GeForce Now, Google Stadia and Utomik, along with apps YouTube and Spotify. Twitch has a... |
I want to forget Elon’s dumb $420 tweet, but y’all won’t let me | Harri Weber | 2,022 | 7 | 1 | Elon Musk hasn’t tweeted in 10 days, but his Twitter account is once again news because time is a flat circle. This is why we must now scrunch our faces, cock our heads to one side and strain to recall a weed joke shared by the chief executive on August 7, 2018. Otherwise, we’ll never understand why activist investors ... |
Sequoia Capital reportedly raising two funds, and despite slower VC environment, it’s not alone | Christine Hall | 2,022 | 7 | 1 | Venture capital investments may be slower, but that seems to be giving venture capital firms some time to go out and raise funds of their own. Sequoia Capital is the latest to reportedly be raising two new U.S.-focused funds, valued at up to $2.25 billion, . The publication reported that Menlo Park-based Sequoia is lo... |
The end of a second straight month of layoffs in tech | Natasha Mascarenhas | 2,022 | 7 | 1 | June brought another wave of layoffs in tech, with cuts impacting roughly the same number of employees as May: 16,000 employees, according to tracker Another layoff aggregator from paints a more dire picture, counting 26,000 impacted employees this month, up from about 20,000 last month. Either way, the data is grim... |
Behind the scenes of Waymo’s worst automated truck crash | Mark Harris | 2,022 | 7 | 1 | crash to date involving a self-driving truck might have resulted in only moderate injuries, but it exposed how unprepared local government and law enforcement are to deal with the new technology. A Waymo Via self-driving truck was hit by another semi truck in May 2022. Ennis Police Department Photo of Waymo Via’s l... |
Valkyrie CEO says suing US SEC for a spot bitcoin ETF ‘isn’t likely to succeed’ | Jacquelyn Melinek | 2,022 | 7 | 1 | , the U.S. Securities and Exchange Commission rejected two applications for bitcoin spot exchange-traded funds (ETFs). One of the firms, Grayscale Investments, responded by . But not everyone is convinced that it’ll work. “The SEC rejecting both Bitwise and Grayscale’s GBTC spot bitcoin ETF applications is not at all ... |
China’s new Mars images show off the country’s robust (but secretive) space program | Stefanie Waldek | 2,022 | 7 | 1 | With a $24 billion budget and dozens of active, high-profile missions, it’s not surprising that NASA is the most visible of the dozens of government space agencies in the world. But China’s space program is a rapidly developing superpower that, whether it’s due to political tensions or the government’s careful control ... |
Reddit acquires natural language processing company MeaningCloud | Aisha Malik | 2,022 | 7 | 1 | Reddit Friday that it’s acquiring MeaningCloud, a natural language processing company, for an undisclosed amount. The MeaningCloud team has joined Reddit and will support machine learning projects across its product, safety and ads teams. The acquisition marks Reddit’s first office in Spain. MeaningCloud was founded ... |
FTX US deal with troubled crypto lender BlockFi floats acquisition with ‘up to’ $240M purchase price | Lucas Matney | 2,022 | 7 | 1 | Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The company’s U.S.-based arm has a deal in place with troubled crypto lender BlockFi that gives them the option to buy the startup, recently valued at $2 billion, for up... |
Spotify partners with Netflix to curate a personalized ‘Stranger Things’ playlist for fans | Lauren Forristal | 2,022 | 7 | 1 | Spotify Which song will save you from Vecna? In partnership with , has launched a personalized “Stranger Things” playlist dedicated to Season 4 Volume 2, which premieres this Friday, July 1. , as it’s called, blends music from a listener’s own selection with a handful of “Stranger Things” classics from the newest ... |
Most startups were overvalued before 2021, and now it’s causing problems | Bastian Hasslinger | 2,022 | 7 | 1 | , the higher the valuation of a startup, the better it is for all stakeholders involved. High valuations indicate success and the potential of a business; they attract new customers and new talent; they build a reputation. And, provided a company’s valuation continues to increase, everyone will benefit. As such, founde... |
FDA won’t require lengthy clinical trials for COVID-19 boosters | Kyle Wiggers | 2,022 | 7 | 1 | Future COVID-19 vaccine boosters won’t have to go through a traditional, lengthy clinical trial process to attain emergency use authorization in the U.S., according to a in Reuters. An agency official, speaking to the publication today, said that the U.S. Food and Drug Administration (FDA) will instead rely on data f... |
TechCrunch+ roundup: SaaS success stats, leveraging ad tech chaos, 2022 layoff trends | Walter Thompson | 2,022 | 7 | 1 | According to a report by Capchase comparing more than 400 SaaS startups to unicorns that reached the public markets in the last two years, the top performers “are handily beating the ‘Rule of 40,'” reports Kyle Wiggers. For those of us who haven’t memorized economic frameworks: The Rule of 40 is a metric investors deve... |
OpenSea’s $13B valuation doesn’t make sense as NFT trading volumes plunge | Alex Wilhelm | 2,022 | 7 | 1 | like it’s been a few years since OpenSea announced the funding round that pushed its valuation to the $13 billion mark. It . At the time, this column and came to a number of conclusions, primarily that the company was generating a lot of revenue. That meant OpenSea appeared somewhat inexpensive at its $13 billion p... |
28% of Americans still won’t consider buying an EV | Jaclyn Trop | 2,022 | 7 | 6 | More than a quarter of Americans say they would not buy an electric vehicle, according to a Consumer Reports survey released Thursday. Price, range and access to charging stations have remained as primary barriers to buying an EV. But Consumer Reports has identified a new factor: a lack of education around battery-elec... |
Things get messy for Elon Musk with report about new twins he shares with Neuralink exec | Connie Loizos | 2,022 | 7 | 6 | Last month, Insider published an about a former SpaceX flight attendant who accused SpaceX founder and CEO Elon Musk of propositioning her for sex in 2016 and to whom the company paid $250,000 to keep quiet. Musk called the story “a politically motivated hit piece,” while SpaceX president and COO Gwynne Shotwell came... |
Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase ‘down round’ | Mary Ann Azevedo | 2,022 | 7 | 1 | TechCrunch has reached out to Klarna for comment. |
Supreme Court’s EPA ruling all but ensures the US won’t be competitive with China or Europe | Tim De Chant | 2,022 | 7 | 1 | Court on Thursday ruled to effectively bar the Environmental Protection Agency from regulating carbon pollution emitted by power plants, a decision that dims prospects of quick action on climate change in the world’s largest economy. As if that wasn’t depressing enough, the move also kneecaps American competitiveness ... |
US publisher Macmillan confirms cyberattack forced systems offline | Carly Page | 2,022 | 7 | 1 | Macmillan, one of the largest book publishers in the U.S., said it has been hit by a that forced it to shut down its IT systems. Macmillan spokesperson Erin Coffey told TechCrunch that the company recently experienced a “security incident” that “involved the encryption of certain files on our network.” The attack str... |
Japan’s gaming blockchain builder Oasys raises $20M in private token sale | Rita Liao | 2,022 | 7 | 6 | Veterans from the established gaming world are flocking to web3. Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry. Oasys, a Japan- and Singapore-based startup that’s building a blo... |
Octopus keeps stuff out of Indonesia’s crowded landfills | Catherine Shu | 2,022 | 7 | 6 | According to the World Bank, Indonesia produces 4.8 million tons of plastic waste each year that is “ ” — meaning it ends up uncollected, chucked into dumpsites or leaked from improperly managed landfills. wants to reduce that number with a platform that makes it easier to collect waste products from consumers and re... |
Review: Espresso Display is the ultraportable second monitor for road warriors | Haje Jan Kamps | 2,022 | 7 | 6 | After a successful Kickstarter campaign back in 2019, the is back with version 2 of its USB-C powered, ultraportable second monitor for people who love to get things done while on the road. Darrell , concluding that “the Espresso Display manages to stand out,” and it looks like the company took a winning formula and... |
Daily Crunch: After filing for bankruptcy, crypto lender Voyager Digital says it will ‘maintain operations’ | Christine Hall | 2,022 | 7 | 6 | Greetings, and happy Wednesday! I had to check the calendar before I said the day because does anyone really know what day it is anymore? had me cracking up with her , only to have the news be something else. I also enjoyed the latest Equity podcast where and discussed why everyone is copying off each other. Any... |
Apple reportedly plans to launch an ‘extreme sports’ Apple Watch with a larger screen and metal casing | Aisha Malik | 2,022 | 7 | 6 | Apple is reportedly planning to launch an “extreme sports” version of the Apple Watch this year, according to . The extreme sports Apple Watch is expected to have the company’s largest smartwatch display to date, along with a bigger battery and rugged metal casing. The display will measure in at almost two inches diag... |
Rocket Lab offers next-day shipping to space | Devin Coldewey | 2,022 | 7 | 6 | It wasn’t long ago that orbital launches were something that took years of planning and months of tests and careful preparation. But Rocket Lab’s new program will enable customers to show up at the launch site with their payload in the boot and have it in orbit 24 hours later. Premium next-day rates apply, of course.... |
Volkswagen planning ‘big moves’ and hiring spree in China | Jaclyn Trop | 2,022 | 7 | 6 | Volkswagen CEO Herbert Diess said the company is planning “big moves” in China. The world’s second-largest automaker is beefing up operations in its largest market to keep pace with fast-growing Chinese automakers and fast-changing customer preferences. “We will do some major investments in China,” Diess said in an . ... |
NASA’s CAPSTONE looking ‘happy and healthy’ after communications issue | Aria Alamalhodaei | 2,022 | 7 | 6 | NASA’s CAPSTONE CubeSat is “happy and healthy” after reestablishing communications with Earth, bringing to an end a nerve-wracking 24-hour period in which the spacecraft was out of touch with ground communications. Advanced Space, the Colorado-based company that built, owns and is operating CAPSTONE, Terran Orbital, wh... |
Virgin Galactic aims for 400 flights a year with two new ‘motherships’ | Devin Coldewey | 2,022 | 7 | 6 | Virgin Galactic is gearing up to take more tourists to the edge of space, working with Boeing to build two new “motherships” that will take the rocket-powered spaceplanes to launch altitude. It’s all part of the plan to hit 400 flights a year: every day and twice on Sundays, perhaps. VG’s approach, which has been perfo... |
When did the startup boom peak? | Alex Wilhelm | 2,022 | 7 | 6 | is , , and . The venture capital market, meanwhile, is slower to molt, but it’s also . Startups and their financial backers went a bit nuts last year, raising too much money, often at unsustainable prices. We’re now watching a collective hangover work its way through the global startup markets. You know all of t... |
null | Lauren Simonds | 2,022 | 7 | 1 | null |
MKBHD says yes to Google Glass, no to the metaverse | Amanda Silberling | 2,022 | 7 | 6 | If you’ve ever searched on YouTube for a review of the latest iPhone or electric car, then you’ve probably encountered Marques Brownlee. Since he started his channel as a teenager in 2009, Brownlee has amassed 15.8 million subscribers for his in-depth, yet approachable tech videos. He’s even scored interviews with ,... |
How e-commerce companies can brave the new retail environment | Simon Wu | 2,022 | 7 | 6 | once considered nearly invincible as they grew unfettered and saw record profits. But of late, they’re braving a new market shaped by three major trends: stunted online shopping growth, the impact of the latest iOS privacy updates on social media customer acquisition strategies (leading to higher costs) and macroecono... |
Dear Sophie: How can we transfer a candidate’s H-1B and green card? | Sophie Alcorn | 2,022 | 7 | 6 | 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... |
Apple says Lockdown Mode in iOS 16 will help block government spyware attacks | Zack Whittaker | 2,022 | 7 | 6 | Apple said Wednesday it will bring a new “Lockdown Mode” to its upcoming iPhone and Mac software that will switch off certain features aimed at helping targeted individuals combat government-grade spyware. The technology giant said the new feature is an “extreme optional protection” for device owners who are more likel... |
Cast your votes for roundtable topics at TechCrunch Disrupt | Lauren Simonds | 2,022 | 7 | 6 | Heading to on October 18-20 in San Francisco? Great, we can’t wait to see you! In the meantime, take a few minutes right now and head to the polls. And by that we mean go to and let us know which roundtable topics you want to see at Disrupt. Roundtables are 30-minute, expert-led discussions with 15-20 attendees, an... |
Crypto losses hit $670M in Q2, up 52% from year-ago period | Jacquelyn Melinek | 2,022 | 7 | 6 | of 2022 was one for the books amid a tumultuous period of what I like to call , and the evidence keeps stacking up for the crypto markets. Q2 was full of massive crypto “losses” across the web3 ecosystem, some 97% of which were the result of hacks, according to a new report. Immunefi’s Crypto Losses in Q2 2022 iden... |
Amazon faces more antitrust scrutiny in UK and Germany | Natasha Lomas | 2,022 | 7 | 6 | More antitrust scrutiny for Amazon in Europe: The U.K.’s antitrust watchdog has opened an investigation into Amazon’s marketplace on the same day Germany’s regulator has confirmed it can apply special abuse controls to the e-commerce giant. The U.K.’s Competition and Markets Authority (CMA) the probe will consider — ... |
Amazon Prime members get exclusive sneak peek of ‘Lord of the Rings’ series | Lauren Forristal | 2,022 | 7 | 6 | As part of the promotion for Amazon’s annual shopping event, Prime members were given an exclusive 60-second sneak peek at Amazon Prime Video’s upcoming series “The Lord of the Rings: The Rings of Power.” The preview was released today, July 6, and will only be available to watch for 48 hours. The only way to see the... |
Every startup wants an extension round, but there aren’t enough to go around | Rebecca Szkutak | 2,022 | 7 | 24 | , founders are scrambling to extend their runways, regardless of how much cash they already have in the bank. But the startups that need the cash infusions the most are running into the most trouble. Last week, I after multiple pre-seed investors started getting emails from companies — some in a state of desperatio... |
Seedstars launches second fund to invest in 100 startups in emerging markets | Catherine Shu | 2,022 | 7 | 24 | Since its launch nine years ago, has invested in 81 companies in over 30 emerging markets. Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. The fund is expected to t... |
BAI Capital targets China’s globalizing startups with fresh $700M fund | Rita Liao | 2,022 | 7 | 24 | BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s structural reform as well as those expanding overseas. The follows on the heels of the closing of several other big-t... |
Zomato drops to all-time low as lock-in period ends | Manish Singh | 2,022 | 7 | 24 | : Shares of Zomato dropped to as low as 41.25 Indian rupees (52 cents), wiping the company’s market cap to $4.11 billion. Shares of Zomato dropped as much as 14.3% on Monday to an all-time low after the end of the lock-in period for investors who had stakes in the company prior to the initial public offering in the lat... |
Cruise starts mapping Dubai’s streets in prep for 2023 robotaxi launch | Rebecca Bellan | 2,022 | 7 | 24 | Cruise is making good on its promise to launch an autonomous driving service in Dubai. Just a few weeks after , Cruise has sent two of its autonomous Chevrolet Bolt electric vehicles to Dubai to begin mapping the city in preparation for a planned launch in 2023, according to . Last April, there as part of UAE ruler... |
HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’ | Catherine Shu | 2,022 | 7 | 24 | wants to be the human resources platform to rule them all — or at least all HR-related tasks. The software enables HR teams to digitize employee records, automate administrative tasks like employee onboarding and time-off management, and integrate employee data from different systems. Based in Singapore, it is current... |
Online insurer Policybazaar says customer data was exposed by ‘unauthorized access’ | Manish Singh | 2,022 | 7 | 24 | Indian online insurer Policybazaar said on Sunday that it was subject to an unspecified security incident but found that “no significant” customer data was exposed — or in other words, some was. Policybazaar, which , said in a stock exchange filing that its IT systems were subject to “illegal and unauthorized access” ... |
Roblox beefs up its developer tools as it looks to a future beyond games | Ron Miller | 2,022 | 7 | 24 | to Roblox in 2020, the company was in the midst of . It had been running into issues with downtime due to insufficient resources to meet demand and needed to build a modern, cloud-native system to . But beyond the nuts and bolts of that system rebuild, Roblox had some ideas for their developer users as well. The gam... |
Google pauses hiring, Netflix loses nearly 1M customers, and Slack increases prices | Greg Kumparak | 2,022 | 7 | 23 | Hey, friends! It’s that time again. Another week has passed us by, which means another issue of — the newsletter where we recap the top stories to hit TechCrunch’s front page in the past seven days. The top story this week was about a how (and how often) the Department of Homeland Security taps third-party data br... |
The Dogefather sends his regards | Lucas Matney | 2,022 | 7 | 23 | Welcome back to Last week, we looked at a crossover episode for meme investing. This week, we’re talking about Musk dumping tokens while holding onto others. You can get this newsletter in your inbox every week by subscribing on Elon Musk shared that Tesla sold some Bitcoin this week. Well, to be fair they sold an awf... |
These startups want to make credit scores a thing of the past | Mary Ann Azevedo | 2,022 | 7 | 24 | Credit scores have been around since 1989, or for over three decades. They are also known as FICO scores; and FICO stands for Fair Isaac Corporation. The describes FICO as “a pioneer” in developing a method for calculating credit scores based on information collected by credit reporting agencies. Many financial instit... |
3 views on Amazon’s $3.9B acquisition of One Medical | Alex Wilhelm | 2,022 | 7 | 23 | rumored to be in play earlier this month, it shouldn’t come as a huge surprise that . After a torrid public offering, the value of the American consumer healthcare and technology company had fallen below its IPO price, and it was an obvious target for the right buyer. But after CVS left the table, it wasn’t a healthc... |
Cash is nice — as an option | Anna Heim | 2,022 | 7 | 23 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. There is no doubt that the COVID-19 pandemic has made it less common for people to use cash to pay for their everyday purchases. Because of hygiene and social distancing measures, merchants who used to frown ... |
Great Resignation meets Great Reset meets (Great R…un down those valuations please) | Natasha Mascarenhas | 2,022 | 7 | 23 | , and this week’s choice is a look into why lower valuations may actually be a good thing for startups these days. In the past few months, both Stripe and Instacart have seen their internal valuations updated in a 409A appraisal process. The startups saw their valuations being slashed by 28% and 38%, respectively, as a... |
Review: Framework’s latest modular laptop is one I could stick with for years | Devin Coldewey | 2,022 | 7 | 23 | Framework has been expanding its footprint in the laptop scene over the last few years, and we felt it was time to give a look. This latest generation is good enough that I felt it could be my daily driver, the port swap system is simple enough for a child to use, and if you don’t mind continuing to take part in the ... |
Elon Musk pushes for the Twitter trial to start next year | Taylor Hatmaker | 2,022 | 7 | 15 | With Twitter , Elon Musk’s lawyers are making a case to slow things down. In the lawsuit Twitter filed against its would-be owner, the company argued that it would only need four days to prove that the court should require Musk to follow through with his agreement to buy it for $44 billion. Twitter took the SpaceX and... |
Making sense of the market right now with Danny Rimer of Index Ventures | Connie Loizos | 2,022 | 7 | 15 | If you’re feeling confused about the state of startup investing, join the club. Public company shares have been relentlessly hammered in recent months amid rising fears of a recession, yet startup funding seems as brisk as ever and, more surprising, to us, VCs are still routinely announcing enormous new funds as they h... |
Daily Crunch: After developers complain, Microsoft clarifies new policy on open source monetization | Christine Hall | 2,022 | 7 | 15 | Time to do the Friday dance! We’ve mentioned our virtual a few times, but we’ve got some good news for events fans. Hang on to your blockchains and sharpen those crypto wallets — we’re doing a in November as well! Happy weekend! See y’all on Monday. — and “We have entered , and we need to prepare the company fo... |
Cryptominers defend gigawatt-scale energy usage called out by Congress | Harri Weber | 2,022 | 7 | 15 | Citing “disturbing” levels of power used by cryptocurrency miners, a group of Democrats led by Sen. Elizabeth Warren is urging the Environmental Protection Agency and the Department of Energy to crack down on the controversial industry. The , signed by four senators and two representatives, calls on regulators to comp... |
null | Natasha Lomas | 2,022 | 7 | 6 | null |
Astrology addicts can now see zodiac content on Bumble | Lauren Forristal | 2,022 | 7 | 15 | Is it really written in the stars? This week, Bumble launched weekly customized astrology content in-app, with astrologer Aliza Kelly taking on the task of helping you find a star-crossed soulmate. Dubbed “ ,” Bumble users in the U.S. can go to the new astrology channel within the conversations screen in Bumble’s Date ... |
Hulu is turning Spotify’s most popular playlist into a new docuseries, ‘RapCaviar Presents’ | Lauren Forristal | 2,022 | 7 | 15 | Spotify’s hip-hop playlist “RapCaviar” will now be a new documentary series on Hulu. The eight-episode docuseries “RapCaviar Presents” aims to address “today’s most provocative issues” through stories of top hip-hop artists like Tyler the Creator, Jack Harlow, Megan Thee Stallion, Doja Cat, Saweetie and Roddy Ricch, ac... |
Despite creaky markets, European edtech is showing its resilience | Rhys Spence | 2,022 | 7 | 15 | times. Given the circumstances, it’s hardly surprising that public markets are creaking and only niche sectors remain either unaffected or in a marginally positive position. Edtech is no exception. Today, Brighteye Ventures published its , built around Dealroom’s data. The report primarily focuses on investment activ... |
Sony officially owns Bungie now | Taylor Hatmaker | 2,022 | 7 | 15 | The ink is dry on Sony’s acquisition of Bungie, the gaming company that created sci-fi hits Halo and Destiny. Both companies announced the news on Twitter Friday, confirming that the $3.6 billion deal had gone through without any surprises. The agreement to acquire Bungie has closed. So now we can officially say… welco... |
Nothing Phone (1) review | Brian Heater | 2,022 | 7 | 15 | still be cool? They were, once upon a time, in those days when they were more luxury than ubiquity. But what happens when everyone has one — and, more to the point, we all pretty much have the same one? Phones aren’t fashion. They’re not clothes or shoes or even cars. Chances are probably roughly equal that you’ve got... |
TechCrunch podcasts this week: Bowery Farms, web3 startup Yat and Stripe’s internal valuation | Henry Pickavet | 2,022 | 7 | 15 | This week on The TechCrunch Podcast Managing Editor Darrell Etherington gives you a rundown of the biggest stories in tech this week and sits down with TC writers for a deep dive into a few of them. In this episode, he talks with Zack Whittaker about Apple’s latest security feature, Lockdown Mode, and Amanda Silberling... |
Nucleus Genomics lands new funding from Alexis Ohanian to help people assess specific disease risks | Andrew Mendez | 2,022 | 7 | 15 | , a genetic testing company focused on calculating a patient’s risk of certain diseases, is adding $14 million to their initial seed funding round. With this round the company has raised, in total, $17.5 million. This “seed plus” funding round was led by Alexis Ohanian’s 776. Ohanian is joining investors like Founders ... |
TechCrunch+ roundup: Save your equity, LatAm crypto survey, where the runway ends | Walter Thompson | 2,022 | 7 | 15 | Money doesn’t need to be protected from sudden vibrations or direct sunlight, so the term “dry powder” strikes me as a poor metaphor for the mounds of cash investors were dropping on startups just a few months ago. “What’s crazy to me is that some of these companies are still in the seed stage backed by very large firm... |
Are convertible notes the right way to fund your startup? | Julie Gionfriddo | 2,022 | 7 | 15 | startup is ready to raise money but its valuation hasn’t been established yet, a convertible note can serve as a good fundraising option. A convertible note is a debt instrument that typically converts into equity at a later date. Investors who invest in a note are effectively loaning money to the startup, but instead... |
TikTok’s chief security officer steps down amid increased scrutiny from US officials | Aisha Malik | 2,022 | 7 | 15 | TikTok today that its head of global security, Roland Cloutier, is stepping down effective September 2. Cloutier will be replaced by Kim Albarella, who has been appointed the interim head of TikTok’s Global Security Organization. Cloutier will move into an advisory role at the company to focus on the business impact ... |
Apple Music Sessions launches with country stars Carrie Underwood and Tenille Townes | Lauren Forristal | 2,022 | 7 | 15 | Apple is introducing a new perk for Apple Music subscribers, , which gives listeners access to exclusive releases in spatial audio that have been recorded in Apple’s music studios around the world. The performances are also filmed, providing subscribers with companion live music videos. The sessions offer musicians th... |
Yes, it’s become harder for startups to raise funding | Alex Wilhelm | 2,022 | 7 | 15 | market feels strange because it isn’t uniform. While some companies are still able to , , and even on the public markets, other startups are not having similar luck. After several years in which capital flowed freely and the entire venture capital ecosystem and startup market marched in lockstep toward bigger, fas... |
Not gonna lie, this NGL lawsuit is kinda juicy | Sarah Perez | 2,022 | 7 | 15 | The anonymous Q&A app by tricking its users with questions it claims are sent in by their friends and by charging for useless hints about who supposedly wrote those messages. But many of the questions users receive aren’t from real people; they’re generated automatically — an idea NGL’s top competitor, the maker of t... |
A robot pony maker backed by Chinese EV giant XPeng raises $100M | Rita Liao | 2,022 | 7 | 12 | China’s Tesla challenger XPeng isn’t content with just making electric vehicles. It’s also betting on ridable robot unicorns for kids. XPeng Robotics, a bionic robot maker affiliated with XPeng, just raised an impressive $100 million in a Series A round led by IDG Capital, at a time when . Other investors include XPen... |
Some venture investors are doubling down on crypto despite an unknown recovery timeline | Jacquelyn Melinek | 2,022 | 7 | 15 | might be red all over, but that isn’t stopping many venture capitalists from investing in the space. Valuations across the crypto industry are being pulled back and the sector has grown more investor friendly. Many VCs see this period as a great opportunity and are shifting their crypto investment strategies to maximi... |
Europe’s health data reuse plan needs some surgery, say privacy supervisors | Natasha Lomas | 2,022 | 7 | 15 | A put forward by European Union lawmakers in May, to establish a legal framework to make it easier to share electronic health records and other medical data — across borders and care institutions; and with researchers and developers of innovative health products — should be revised to ensure citizens’ health data is s... |
Runa Sandvik’s new startup Granitt secures at-risk people from hackers and nation states | Zack Whittaker | 2,022 | 7 | 15 | career, hacker Runa Sandvik has worked to protect journalists and newsrooms from powerful adversaries who want to keep wrongdoing and corruption out of the public eye. Journalists and activists are increasingly targeted by the wealthy and resourceful who seek to keep the truth hidden, from hacking into journalist’s ... |
Google tells staff to act ‘more entrepreneurial.’ Translation: Work harder, or else | Harri Weber | 2,022 | 7 | 12 | Sundar Pichai, boss of Google and its parent Alphabet, told employees to “be more entrepreneurial” and work with “more hunger” in a staff-wide email that warned of consolidation, reported. Citing the “uncertain global economic outlook,” the CEO said Google would slow its hiring pace for the second half of 2022. Goo... |
Persistent Energy raises $10M to grow its clean-tech venture building business in Africa | Annie Njanja | 2,022 | 7 | 12 | has raised $10 million in Series C funding to grow its climate venture building business in Africa, in a round led by Kyuden International Corporation, a subsidiary of the Japanese Kyushu Electric Power Group, and Financial Sector Deepening (FSD) Africa Investments. The equity round also had the participation of six n... |
Twitter v. Elon brings us a meme-driven lawsuit for the books | Amanda Silberling | 2,022 | 7 | 12 | When Elon Musk announced his intention to terminate his $44 billion bid for Twitter, the social media company didn’t give up easily. Today, the SpaceX and Tesla CEO for refusing to uphold his contractual obligation to buy the platform. The company’s lawyers claim that Musk’s concerns about are illegitimate. When yo... |
null | Lauren Simonds | 2,022 | 7 | 15 | null |
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