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Q3 outlook forecasts cloudy days ahead for fintech M&A | Mary Ann Azevedo | 2,022 | 8 | 7 | Last week, — a blockchain-enabled B2B payments startup — announced it had acquired Mexican fintech — creating a new unicorn in the resulting new entity. Execs from the two startups say the combined company will have processed over $5 billion in payments and built a network of over 500,000 connected businesses by cr... |
Egyptian startup Convertedin raises $3M, caters to e-commerce brands in MENA and Latin America | Tage Kene-Okafor | 2,022 | 8 | 9 | , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. Other participating investors include 500 Global and MSAS. The company, in a statement, said it plans to utilize the funds for strategic hiring a... |
Elon Musk sells nearly $7 billion in Tesla shares | Rebecca Bellan | 2,022 | 8 | 9 | Tesla CEO Elon Musk is at it again, selling shares of his electric vehicle company, per regulatory filings. Since Friday, the executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since . Musk appears to be selling the shares to stock up on cash in... |
The DOJ is reportedly prepping an antitrust suit against Google over its ad business | Taylor Hatmaker | 2,022 | 8 | 9 | The Department of Justice is preparing a second major antitrust suit against Google, according to . The DOJ could sue Google “as soon as next month,” according to the report, which details that the lawsuit will be filed in federal court in either Washington or New York. Unlike the first major Google antitrust case the... |
SpaceX’s Starship hits another milestone with booster static fire test | Aria Alamalhodaei | 2,022 | 8 | 9 | SpaceX just got one step closer to the first orbital test flight of its launch system Starship with the successful static fire test of a prototype Super Heavy booster late Tuesday afternoon. That booster, “Booster 7,” was rolled to the launch pad overnight last Friday. The successful test is a notable milestone for Spa... |
Former Twitter employee found guilty of spying for Saudi Arabia | Taylor Hatmaker | 2,022 | 8 | 9 | A former Twitter employee on behalf of Saudi Arabia was found guilty, . The employee, U.S. resident Ahmad Abouammo, was also convicted by a jury of conspiracy to commit wire fraud, falsifying records and money laundering. He faces up to 20 years in prison. Abouammo worked on media partnerships in the Middle East at ... |
iRobot announced a 10% staff cut the same day its Amazon news dropped | Brian Heater | 2,022 | 8 | 9 | You’d be forgiven for missing this bit of news. I fully cop to not seeing it myself amid the buzz of last week’s on Friday (knowing nod to for pointing it out). Later that day, inside its , iRobot announced plans to cut 140 jobs — a figure that amounts to roughly 10% of its global workforce. Here’s the full note fr... |
Hootsuite lays off nearly a third of its workforce as CEO tries to ‘refocus’ | Harri Weber | 2,022 | 8 | 9 | Social media marketing firm Hootsuite says it has slashed its workforce by 30%. “We need to refocus our strategies to drive efficiency, growth and financial sustainability,” CEO Tom Keiser said in a statement sent to TechCrunch. The company offered no specifics on what exactly is changing about the business. It did not... |
Facebook helps cops prosecute 17-year-old for abortion | Devin Coldewey | 2,022 | 8 | 9 | Meta provided user information to police in Nebraska that led directly to the prosecution of a 17-year-old girl for alleged crimes relating to an abortion, court documents show. The company could have challenged the legal order, but instead provided the teenager’s direct messages to cops, who are now charging the girl ... |
Tesla’s next gigafactory might be in Canada | Rebecca Bellan | 2,022 | 8 | 9 | While onstage at , CEO Elon Musk hinted that the automaker would choose the location for a new gigafactory by the end of the year. Musk jokingly asked his fans where the company should build, and when a few yelled out “Canada!” Musk replied, “I’m half Canadian. Maybe I should.” It seemed like a throwaway comment at th... |
Daily Crunch: WhatsApp extends its unsend time limit to ‘a little over two days’ | Christine Hall | 2,022 | 8 | 9 | Whazzaaaaaaa, we’re back with another round of newsy goodness on this fine Tuesday. It’s a pretty wild news day today, with a bunch of startup high-jinx. for all of it, of course, but we’ve selected some of the stories that piqued our attention today. Let’s gooooo! — and Watching startups play extreme hardball is ... |
Boulevard books $70M to help beauty and wellness salons with their bookings | Ingrid Lunden | 2,022 | 8 | 9 | Beauty may be in the eye of the beholder, but when it comes to getting ahold of an appointment for your hair or another treatment…that’s a different story: The bespoke nature of a lot of the work has meant that a large swathe of the professionals providing these services have stayed offline when it comes to interfacing... |
Microsoft makes further cuts focused on consumer R&D group | Kyle Wiggers | 2,022 | 8 | 9 | After across its Office and Windows divisions and of a portion of its 180,000-person workforce in July, Microsoft made additional cuts this week. This layoff round was concentrated in its Modern Life Experiences (MLX) group, one of the groups responsible for customer-focused project R&D at the company. According to... |
Ford raises F-150 Lightning prices across the board | Darrell Etherington | 2,022 | 8 | 9 | Ford is , with increases ranging from $6,000 to $8,500, depending on the model and trim level. The entry-level “Pro” badged F-150 Lightning will now retail for $46,974, while the top-tier “Platinum Extended Range” version comes in at nearly $100,000. Ford cites rising costs for materials, as well as “other factors” as... |
TikTok’s latest test feature aims to improve the app’s search capabilities | Aisha Malik | 2,022 | 8 | 9 | TikTok is testing a new feature that enhances the popular short-form video app’s search functions. The new feature highlights keywords in comments and links to search results for the term. TikTok’s search function already allows users to discover content and trends, but the new feature would take the app’s search capab... |
Google Cloud announces upcoming regions in Malaysia, Thailand and New Zealand | Kyle Wiggers | 2,022 | 8 | 9 | Fresh off of an expansion to Mexico, Google today previewed the launch of new Google Cloud regions concentrated in Asia-Pacific (APAC), specifically Malaysia, Thailand and New Zealand. When they come online, they’ll bring Google’s total number of cloud regions to 34 — short of Azure’s more than 60 but ahead of AWS’ 26.... |
How this founder is SaaS-ifying air-quality tracking | Maggie Stamets | 2,022 | 8 | 9 | Welcome back to Found, where we get the stories behind the startups. This week, Darrell and Jordan talked with Davida Herzl the co-founder and CEO of Aclima. We all have a right to clean air, but chances are you aren’t getting accurate air quality data — Davida and the team are looking to change that. In this episode... |
Coinbase’s earnings fall short of expectations as crypto winter rages | Jacquelyn Melinek | 2,022 | 8 | 9 | Today after the bell, the largest U.S. cryptocurrency exchange Coinbase reported its . In the second quarter, Coinbase reported net revenues of $802.6 million and earnings per share of -$4.98 (diluted), predicated on net income of -$1.09 billion. The company’s adjusted EBITDA, a highly non-GAAP metric, was -$151 milli... |
Upper90’s strategy of cutting checks with credit and equity may be more relevant than ever | Rebecca Szkutak | 2,022 | 8 | 9 | and Seamless co-founder Jason Finger launched in 2018, they wanted to solve a problem: founders giving up too much equity too early because they needed money to build capital-intensive businesses. They thought if they wrote checks that combined debt and equity, founders could get the capital they needed while keepin... |
Walmart is reportedly looking at deals with streaming services | Lauren Forristal | 2,022 | 8 | 9 | Walmart’s membership program Walmart+ may bundle with a streaming service. The report comes from and sparks conversation about the strange idea of the retail giant entering the streaming world. Sources told the outlet that Walmart was in talks with major media companies such as Paramount (Paramount+), Disney (Disney+... |
Businesses including Stitch Fix are already experimenting with DALL-E 2 | Kyle Wiggers | 2,022 | 8 | 9 | It’s been just a since OpenAI began allowing customers to commercially use images created by DALL-E 2, its remarkably powerful AI text-to-image system. But in spite of the current technical limitations and lack of volume licensing, not to mention API, some pioneers say they’re already testing the system for various b... |
Daily Crunch: Snap lays off one-fifth of its workforce after missing revenue and growth targets | Christine Hall | 2,022 | 8 | 31 | Midweek? More like mid-weak! Okay, terrible pun, but we’re a little low energy in this heat wave today, so it kinda made sense. Oh! And good news, btw, we’re offering 15% off Disrupt tickets (excluding online or expo tickets) for you, our trusty Daily Crunch readers. ! See you tomorrow! — and This week, went dee... |
NASA orders five more astronaut transportation flights from SpaceX for $1.4 billion | Aria Alamalhodaei | 2,022 | 8 | 31 | NASA has finalized an agreement with SpaceX to purchase five more astronaut transportation missions to and from the International Space Station, further entrenching the space company’s position as the prime services vendor for the space agency. The new contract — for the Crew-10, Crew-11, Crew-12, Crew-13 and Crew-14 m... |
Amazon, facing ‘unfavorable’ regulatory environment, struggles to expand in India | Manish Singh | 2,022 | 8 | 31 | Amazon is lagging its chief rival Flipkart in India on several key metrics and struggling to make inroads in smaller Indian cities and towns, according to a scathing report by investment firm Sanford C. Bernstein. The American e-commerce giant’s 2021 gross merchandise value in the country, where it has , stood between... |
Lyft sued by drivers, passengers claiming company failing to protect users from assault | Kirsten Korosec | 2,022 | 8 | 31 | Lyft is facing a fresh batch of lawsuits from drivers and passengers who say they were sexually and physically assaulted during rides and accused the ride-hailing company of failing to protect its users. Seventeen lawsuits were filed in Arizona, California, Connecticut, Illinois, Kentucky, Michigan, Ohio, Oregon, Texas... |
Coming out of COVID, investors lose their taste for board meetings | Connie Loizos | 2,022 | 8 | 31 | Two weeks ago, longtime venture capitalist Chris Olsen, a general partner and cofounder of in Columbus, Ohio, settled into his seat for a portfolio company’s board meeting. It turned out to be a maddening exercise. “Two of the board members didn’t show up, and the company had a resolution on the agenda to pass the bu... |
Abridge founder talks about fighting ‘pajama time’ burnout in doctors | Maggie Stamets | 2,022 | 8 | 31 | Welcome back to Found, where we get the stories behind the startups. This week’s guest Shiv Rao founded after experiencing how unnerving it can be to go through a medical emergency with a loved one — even for a practicing doctor like himself. So he and the Abridge team created an app that doesn’t just transcribe a con... |
Let’s talk about party rounds | Natasha Mascarenhas | 2,022 | 8 | 31 | to types of venture capital instruments, party rounds are as controversial as they come. A party round is an early-stage financing round, usually occurring between the pre-seed and Series A stages, that includes a laundry list — or “party” — of individual investors. It’s different from a more traditional round, which ... |
Trans founders to VCs: ‘Cut me a check’ | Dominic-Madori Davis | 2,022 | 8 | 31 | to show how little venture funding goes to trans founders. All that exists is a report from Backstage Capital saying went to founders openly identifying as LGBTQ+. (According to a recent , 7.1% of Americans identify as LGBT+.) That’s a staggeringly low amount of funding, although not surprising when considering how... |
Reviver is building a company one licence plate at a time | Haje Jan Kamps | 2,022 | 8 | 31 | Do you want to run an “easy” startup? Be a coder, and realize that some aspect of your workflow is needlessly complicated. Create a tool to fix that, and spin it out as a dev-tools company. Get your first 100 customers from all of your friends, then raise $5 million to sell it to everyone else, and eventually, GitHub o... |
Bosch to invest $200M in US fuel cell production for electric commercial trucks | Kirsten Korosec | 2,022 | 8 | 31 | Bosch said Wednesday it will invest more than $200 million into its South Carolina factory to build fuel cell stacks that will power hydrogen-powered electric commercial trucks in the United States. The South Carolina project is part of Bosch’s plan to invest more than $1 billion globally to develop fuel cell technolog... |
This dating app fought scammers with bots… hilarity ensued | Haje Jan Kamps | 2,022 | 8 | 31 | You know the feeling; you’re on a dating app, and you start a conversation with someone, and things don’t seem like they add up completely. You’ve seen on Netflix, and you’re suddenly wondering: Is someone about to ask me for money? The team at decided to take a novel approach: Every detected scammer got added to a... |
SeatGeek raises $238M privately after ditching going public via SPAC | Lauren Forristal | 2,022 | 8 | 31 | Ticketing platform SeatGeek today that it had raised $238 million privately as part of a Series E funding round. The company has a valuation of $1 billion, according to the release. Long-time investor led the funding with participation from investors Wellington Management, Arctos Sports Partners, and , founder of ... |
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Klarna, Affirm show how expensive fintech growth can be | Alex Wilhelm | 2,022 | 8 | 31 | is the buy now, pay later (BNPL) market? New data from Klarna and recent earnings results from Affirm make it clear that building a global business in the fintech space is far from inexpensive. The two companies, Affirm American and Klarna Swedish, are among the most valuable players in the BNPL market today. Both rec... |
This founder wants to take on the biggest coaching startups with a group-focused approach | Natasha Mascarenhas | 2,022 | 8 | 31 | , the founder and chief executive of , has a vision for employee coaching that disagrees with some of the biggest, and most valuable, startups out there. Instead of one-to-one coaching, which venture-backed companies like and launched to offer employees and managers, HumanQ wants to make group coaching an impactful... |
9 strategies that will help you overcome your fear of fundraising | Masha Bucher | 2,022 | 8 | 31 | tech markets are driving down the pricing and frequency of funding rounds, while inflation cuts into companies’ runways, meaning they are able to build less product and acquire fewer users with the money they raised. It’s true that VCs are doing more diligence and being more cautious with their decisions. Some want to... |
It’s not a DAO, it’s a Koop: 21-year-old founder raises $5M for NFT fan engagement | Anita Ramaswamy | 2,022 | 8 | 31 | Natalia Murillo was an undergraduate at the University of Southern California when a professor taught her about the cryptographic technique of zero-knowledge proofs. She’s been immersed in web3 and blockchain tech ever since, dropping out of college and investing the ~$5,000 she had to her name in NFTs before starting ... |
How to fundraise a Series A | Jenny Lefcourt | 2,022 | 8 | 31 | Beginning with the first company I co-founded 25 years ago and continuing through the second company I co-founded 15 years ago, I raised over $100 million from top-tier VCs. During that time, less capital was floating around, and those numbers were considered enormous. The bad news is that I over-capitalized my compani... |
The next big market opportunity for micromobility is commercial, not consumer | Rebecca Bellan | 2,022 | 8 | 31 | and autonomous vehicles are being touted as some of the next big movers in the last-mile delivery space, but what of the humble bicycle? Global logistics and delivery companies like UPS, FedEx and Amazon have all begun trialing some form of electric bike or cargo bike for delivery. At the same time, startups are cropp... |
Paramount+ offers US subscribers in-app Showtime bundle | Lauren Forristal | 2,022 | 8 | 31 | It’s happening — Paramount+ now has an in-app Showtime bundle. back in February, the company is offering a new bundle to U.S. subscribers that brings all the content from Showtime to its flagship streaming service. The two services were already available in a , but now U.S. subscribers can upgrade in-app to a plan t... |
Kula makes the job recruitment process less exhausting | Catherine Shu | 2,022 | 8 | 30 | The process of finding job candidates often entails a lot of tedious manual work for recruiters, like sending versions of the same email over and over again. That’s why was created. The platform not only automates tasks like sending introductory messages, but also surfaces promising leads from the first-degree connec... |
Firewalla launches the Gold Plus, its new 2.5 gigabit firewall | Frederic Lardinois | 2,022 | 8 | 31 | , maybe the only company that can say that its hardware firewalls have something of a cult following, today announced the latest addition to its portfolio: the The Gold Plus will feature four 2.5 gigabit Ethernet interfaces and its deep packet inspection hardware can handle up to 5 gigabits at a time. With this addit... |
California pushes ahead with its own children’s online privacy protections | Taylor Hatmaker | 2,022 | 8 | 30 | California lawmakers have passed a bill that seeks to make apps and other online spaces safer for kids in the absence of robust federal standards. The bill, if signed into law, would impose a set of new protections for people under the age of 18 in California, potentially punishing tech companies with thousands in fine... |
Topi raises $45M to power hardware subscriptions for B2B merchants | Paul Sawers | 2,022 | 8 | 30 | A new company is looking to do for B2B hardware sales what a growing number of companies have been doing in the consumer sphere, by making it easier for businesses to pay for equipment in installments through rentals and subscriptions. While companies and payment services that help consumers procure goods without h... |
Twitter’s attempt to monetize porn reportedly halted due to child safety warnings | Amanda Silberling | 2,022 | 8 | 30 | Despite serving as the online watercooler for journalists, politicians and VCs, Twitter isn’t the most profitable social network on the block. Amid and increased from investors to make more money, Twitter reportedly considered monetizing adult content. According to a from The Verge, Twitter was poised to become a... |
Max Q: Scrubbed | Aria Alamalhodaei | 2,022 | 8 | 30 | Hello and welcome back to Max Q. I’m writing to you from Florida, where NASA scrubbed Monday’s launch attempt of the Artemis I mission. In this issue: … finally returns — live and in person — to San Francisco on October 18-20. We’re excited to share the complete , you’ll hear from game-changing leaders like: Serena ... |
Royal Caribbean will equip all its cruise ships with Starlink internet | Devin Coldewey | 2,022 | 8 | 30 | After SpaceX announced its service last month, it was only a matter of time before some household name in boat world went all-in on the satellite service. Sure enough, today Royal Caribbean Cruise Lines it will be adding the service to its whole fleet, after a pilot service on one of its ships got rave reviews. It ... |
Daily Crunch: Embedded finance fintech Pezesha raises $11M pre-Series A equity-debt round | Christine Hall | 2,022 | 8 | 30 | Hey, hey, hey! Good to have you back with us again. Today, we’re mostly amazed at how quiet Twitter gets during Burning Man, and excited that we’re doing , if you’ve been wanting to read our subscription site but you’ve been holding off for whatever reason. — and Initialized Capital was VC Garry Tan’s answer to a n... |
Magic Eden looks to challenge OpenSea’s NFT dominance | Lucas Matney | 2,022 | 8 | 30 | Few startups in the crypto world boast the market dominance that OpenSea currently enjoys, but numerous venture-backed startups are looking to chip away at their lead. Welcome back to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the cry... |
Populus to combat curbside parking chaos with millions in new funding | Rebecca Bellan | 2,022 | 8 | 30 | Populus, the San Francisco-based transportation data startup, got its start as shared scooter mania took hold and cities tried to make sense of by fleets of tiny vehicles. Now, Populus Cities also can use the Populus API to share information such as restrictions on motorized vehicles, preferred scooter parking areas... |
How gender-affirming healthcare startups are navigating legal miasma | Dominic-Madori Davis | 2,022 | 8 | 30 | in the Lone Star State. It was there, in 2019, that she launched her app , seeking to provide information and resources on gender-affirming care. She knew the stakes were going to be high, and as the state anti-trans legislation, she and her company were forced to flee. Settling in Denver, Anthony made a plan on wh... |
Crafting an XaaS customer success strategy that drives growth | Rachel Parrinello | 2,022 | 8 | 30 | platform these days will show there are thousands of customer success (CS) positions waiting to be filled. According to research by Gainsight, a customer success software platform, “companies that invest 10% or more of their revenue into the CS function have the highest net recurring revenue (NRR).” This supports the ... |
Robin Games debuts PLAYHOUSE, an interior design game you can both play and shop | Sarah Perez | 2,022 | 8 | 30 | Women-led mobile gaming startup Robin Games around the idea of carving out a new niche in the market of “lifestyle gaming.” The idea, the company explained at the time of its , was to create a fantasy gaming experience that’s more sophisticated and stylish — something more in line with the sort of content you’d typi... |
Clearco cuts international staff as it retracts presence, announces new partner | Natasha Mascarenhas | 2,022 | 8 | 30 | fintech capital provider for online companies, is walking back the international expansion . One month , Clearco is conducting another round of layoffs as it retracts its international presence in the U.K., Germany, Ireland and Australia. tells TechCrunch over e-mail that Clearco had to let go of approximately 60 m... |
How Box is balancing growth and profit as it nears $1B ARR | Ron Miller | 2,022 | 8 | 30 | Q2 2023 revenue of , up 15% from its year-ago result. While that pace was down slightly from the 18% growth Box posted in its prior quarter, the rate of expansion appears to be what the company fancies in terms of growth moving forward. That $246 million figure puts the company on a run rate of nearly $1 billion, a m... |
Studio Ghibli films just became available to rent on major digital platforms Apple TV, Amazon and more | Lauren Forristal | 2,022 | 8 | 30 | It’s an exciting day for Studio Ghibli fans — fans in the United States and Canada, that is. The majority of Studio Ghibli’s film catalog has just been to major digital rental platforms, such as , , , and a confirms. For the first time, Studio Ghibli’s films can finally be rented digitally in North America. ... |
TechCrunch+ roundup: Gen Z VCs, choosing a GTM model, crypto crisis communication tips | Walter Thompson | 2,022 | 8 | 30 | I’ve always wondered who gets to name demographic cohorts. My parents were pre-Baby Boomers, which made them part of the Silent Generation. (I’m Generation X, so feel free to ignore me entirely.) Generation Z is stereotyped as being materialistic, mistrustful and extremely reliant on personal technology. And now that t... |
Instagram tests new features to give users more control over suggested posts | Aisha Malik | 2,022 | 8 | 30 | Instagram is testing two new features that are designed to help users control more of what they see on the app, Meta on Tuesday. First, the company is testing the ability for users to mark multiple posts on the Explore page with the “Not Interested” option. Meta says it will immediately hide these posts and refrain f... |
A huge Chinese database of faces and vehicle license plates spilled online | Zack Whittaker | 2,022 | 8 | 30 | database storing millions of faces and vehicle license plates was left exposed on the internet for months before it quietly disappeared in August. While its contents might seem unremarkable for China, where facial recognition is routine and state surveillance is ubiquitous, the sheer size of the exposed database is st... |
Nikola, Lucid latest EV SPACs trying to raise cash | Jaclyn Trop | 2,022 | 8 | 30 | Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market. Nikola, a Phoenix-based electric truck maker, said in a securities filing Tuesday that it plans to raise funds through a $400 million stock offering. Luxury EV company Lucid filed a day prior for the right to issue up t... |
null | Aisha Malik | 2,022 | 8 | 31 | null |
As US SPACs flounder, did Europe largely dodge a bullet? | Alex Wilhelm | 2,022 | 8 | 30 | SPAC-led public debuts could go, and the answer was . Some now-public companies that rode blank-check companies to the public markets have seen 90% or more of their value deleted. The good news is that while the U.S. SPAC market went bananas last year, other countries’ public markets failed to generate as much blan... |
Big funds ‘screwing with Series A market but not seed market’ says veteran VC Mike Hirshland | Connie Loizos | 2,022 | 8 | 8 | Mike Hirshland is enjoying 2022. Despite the market’s zigs and zags, he has spent much of his time this past summer in Rhode Island, where relatives from afar have gathered on and off for an extended family reunion. He and partner Raanan Bar-Cohen were also able to close their fifth fund with $150 million in capital co... |
Snapchat officially introduces parental controls through a new ‘Family Center’ feature | Sarah Perez | 2,022 | 8 | 8 | Snapchat today is rolling out its first set of parental controls, after it was developing tools that would allow parents to gain better visibility into how their teens used the social networking app. The update follows the launches of similar parental control features across other apps favored by teens, including , ... |
Accel backs Produze to help agri-producers in India export globally | Jagmeet Singh | 2,022 | 8 | 8 | Accel has led a $2.6 million funding in Produze, an Indian startup that is attempting to help local agri-producers sell to international retailers, the latest in a series of bets as investors and entrepreneurs look to bring efficiency to supercharge one of the world’s largest agri-producers. “We are helping agri-produc... |
Hold-outs targeted in fresh batch of noyb GDPR cookie consent complaints | Natasha Lomas | 2,022 | 8 | 8 | Just over a year after launching a in Europe, regional privacy campaign group has fired off another batch of complaints targeting a hardcore of website operators that it says have ignored or not fully acted upon earlier warnings to bring their cookie consent banners into compliance with the EU’s legal standard for ... |
Boundary Layer skims across the water with a cavalcade of launch partners | Haje Jan Kamps | 2,022 | 8 | 8 | It seems like only a couple of months since announced its $5 million-ish round of financing, but the company hasn’t been resting on its laurels. Today, its founders told me it signed up some beefy launch partners and is gearing up for a large-scale roll-out as early as 2025. The company is planning to operate high-sp... |
The iconic Meyers Manx dune buggy makes its return as an EV | Abigail Bassett | 2,022 | 8 | 8 | The Meyers Manx, the iconic 50-year-old dune buggy that’s been copied thousands of times, is officially making its return in 2023. But this time around, it’s electric. “I think in some ways I’m, I’m connecting to my childhood,” Sarofim, the CEO and founder of Trousdale Ventures, the VC firm that from Bruce Meyers in ... |
Haus, a VC-backed aperitif startup, is up for sale after Series A falls through | Natasha Mascarenhas | 2,022 | 8 | 8 | as an answer to a generation’s craving for a more transparent alcohol brand, raising millions in venture funding from angels such as Casey Neistat, Away co-founder Jen Rubio and funds including Homebrew, Haystack Ventures, Coatue, Shrug Capital and Worklife Ventures. Haus has raised $17 million on rolling SAFE notes t... |
Canoo burns cash in race to hit $1B EV sales goal | Rebecca Bellan | 2,022 | 8 | 8 | Electric vehicle company Canoo’s second-quarter results, like its first-quarter results, show a pre-revenue company that’s burning through cash. However, last quarter, Canoo was warning it might not have enough cash to stay in business. Three months later, the is touting access to enough capital to see it through the... |
Daily Crunch: ‘Winter may be longer’ because unicorns won’t accept down rounds, says SoftBank leader | Christine Hall | 2,022 | 8 | 8 | Hey, folks! A quick word on pitching. If you are , . If you’ve , Haje is always on the lookout for pitch decks to feature as part of his Pitch Deck Teardown series on TechCrunch+. There’s . If you have more questions about either, email Haje, and he may be able to help! — and PS. Both of us wrote guides to what w... |
Max Q: Refresh | Aria Alamalhodaei | 2,022 | 8 | 8 | Hello and welcome back to Max Q. Happy belated 10th birthday to the Mars Curiosity rover! We <3 you. In this issue: CEO Chris Kemp told investors Thursday that the company will be no longer launch payloads with its current lightweight vehicle, Rocket 3, and will instead remanifest all launches on a considerably larger... |
How 3 tech companies are navigating a complicated macro environment | Alex Wilhelm | 2,022 | 8 | 8 | down, with the biggest tech companies’ results now comfortably behind us. To ensure that we’re extracting the maximum from the reporting cycle, TechCrunch chatted with a handful of smaller companies after their second-quarter numbers dropped, digging into the data and working to better understand how tech companies ar... |
The first flight of India’s small satellite vehicle results in loss of payload | Aria Alamalhodaei | 2,022 | 8 | 8 | The maiden flight of India’s Small Satellite Launch Vehicle (SSLV) ended in failure when the rocket failed to insert its payloads into the target orbit. India Space Research Organization (ISRO), the country’s space agency, that the satellites “are no longer usable” after the rocket’s kick stage placed the satellites ... |
Twitch founder Justin Kan: Web3 games don’t need to lure players with profit | Anita Ramaswamy | 2,022 | 8 | 8 | null |
null | Natasha Lomas | 2,022 | 8 | 30 | null |
Binance tells estranged partner WazirX customers to move funds, discontinue off-chain transfer | Manish Singh | 2,022 | 8 | 8 | Binance has told customers of its to move their funds to the global crypto exchange platform and said it plans to remove off-chain fund transfer between the services in the latest escalation of tension between the firms over ownership of the Indian startup. Patrick Hillmann, chief communications officer of Binance, s... |
Groupon cuts over 500 staff, plans to focus ‘only on mission-critical activities’ from now on | Kyle Wiggers | 2,022 | 8 | 8 | Chicago-based Groupon today laid off more than 500 of its employees — 15% of its 3,416-person headcount — according to posts from former employees on social media. The reduction impacted workers in teams including merchant development, sales, recruiting, engineering, product and marketing. Groupon confirmed the layoffs... |
Black Founders Matter ousts Black founder, morphs into BFM Fund | Dominic-Madori Davis | 2,022 | 8 | 8 | have been spilled documenting the mission of Black Founders Matter, from to . What began in 2018 as an apparel company aimed at raising awareness of the dearth of capital allocated to Black founders eventually morphed into a and a to nudge venture capitalists toward investments in BIPOC women founders. On May 3... |
HBO Max attempts to fix its notoriously buggy app with oft-requested features | Lauren Forristal | 2,022 | 8 | 8 | For years, HBO Max has been under fire for its . Today, the streaming service’s completed its global rollout on desktop, iOS, Android and Amazon Fire tablets. New features include a shuffle button on mobile, SharePlay support for iPhone and iPad users in the U.S., a dedicated home for downloaded content and more. Wi... |
That big climate bill might actually make a difference | Tim De Chant | 2,022 | 8 | 8 | passing the Inflation Reduction Act of 2022 last night, and House passage later this week all but assured, it’s likely that the U.S. will be taking significant — though not comprehensive — congressional action on climate change. The bill is expected to trim U.S. carbon emissions to 40% below 2005 levels by the end of ... |
Apple adds the battery percentage icon back in the latest iOS beta | Taylor Hatmaker | 2,022 | 8 | 8 | Apple is on the cusp of introducing a tiny change with an outsized impact on the quality of life of iPhone users everywhere who are tired of helplessly watching as the life trickles out of their device in unquantifiable increments. But there’s good news: In the latest , the battery icon again displays the actual numer... |
Northrop Grumman taps Firefly Aerospace to upgrade its Antares rocket to American-built engines | Stefanie Waldek | 2,022 | 8 | 8 | Chalk one up for the American broomsticks. Northrop Grumman has announced that it will partner with startup Firefly Aerospace to build an all-American version of its workhorse Antares rocket, which currently flies with Russian-built RD-181 engines. Due to the continuing war in Ukraine, to the United States in March t... |
Ambani’s Reliance Jio top buyer in India’s $19 billion 5G sale | Manish Singh | 2,022 | 8 | 1 | Telecom operators in India agreed to spend $19 billion in the government auction for the 5G airwaves, New Delhi said Monday, the highest from them in any spectrum sale, as the world’s second largest wireless market readies the rollout of improved and faster voice and data speeds. Reliance Jio Infocomm, Bharti Airtel an... |
Discord says Android users won’t be left hanging anymore | Taylor Hatmaker | 2,022 | 8 | 1 | Discord announced new measures to bring its Android app into parity with its iOS counterpart today. The changes will improve the app’s experience for Android, which has historically lagged behind the iPhone version of . Discord the app is now “rebuilt from the ground up” using , a developer framework for making app... |
Public tech’s espresso shot is quite literally the cloud | Alex Wilhelm | 2,022 | 8 | 1 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Last week we said that you needed to pay attention to the public markets, and we weren’t kidding. It was a huge week for earnings — with notes from all over, including the ad market and cl... |
Daily Crunch: Did Bolt Mobility bolt? The startup left equipment and confused customers in its wake | Haje Jan Kamps | 2,022 | 8 | 1 | Monday is here, and we are excited to throw ourselves into another week of summertime tech news. Apropos summer — as the VCs stop answering their phones in favor of drinking elderflower lime martinis, playing pickleball, spelunking in the Bitcoin mines, and kite surfing (I can only assume that’s what VCs do for their s... |
FTC slams Opendoor with $62M settlement over false advertising claims | Mary Ann Azevedo | 2,022 | 8 | 1 | has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company’s claims that it helps people make more money by selling their house to the company rather than listing it on the open market were deceptive. For years, the real estate technology company has as using its pricing ... |
Pinterest popped 20% on earnings that weren’t as terrible as expected | Sarah Perez | 2,022 | 8 | 1 | If Pinterest is a bellwether of consumer spending, things are not looking up just yet. Still, investors in the social network rallied as Q2 revenue came in roughly in line with expectations and user declines were not as horrible as they thought. That’s not to say Pinterest’s earnings were . Pinterest and delivered z... |
SEC spears ‘Crypto Crusaders’ over alleged pyramid scheme | Anita Ramaswamy | 2,022 | 8 | 1 | U.S. regulators are seizing their moment during this ongoing crypto bear market to in the space as many investors are already souring on the asset class. The U.S. Securities and Exchange Commission charged 11 people today in connection with Forsage, a crypto project that raised over $300 million from “millions of ret... |
Tech’s riskiest founders are getting a $650 million bet from Redpoint Ventures | Natasha Mascarenhas | 2,022 | 8 | 1 | , noise is ironically important. Wading through constant streams of capital-seeking founders and startup pitches may be the hardest part of the job, but it’s also imperative to the success of the same job. So, what happens if energy around entrepreneurship slows? As the downturn looms, are fewer founders going to take ... |
Twitter tests a ‘tweets per month’ counter | Amanda Silberling | 2,022 | 8 | 1 | Twitter is testing a feature that lets you see how many times a user tweets per month. Reverse engineers about a month ago, but as of this morning, some Twitter users have shared that they have gained access to this feature. this new twitter feature where they tell you how many tweets you do per month is actually extr... |
Max Q: Off the bench | Aria Alamalhodaei | 2,022 | 8 | 1 | Hello and welcome back to Max Q. Last week was the week of ambitious timelines. In this issue: On to the news. You may not have heard the name Tom Mueller, but if you’re a space fan, you’re likely acquainted with the technology he helped pioneer: the Merlin rocket engine, which powers SpaceX’s Falcon 9 rocket, and the ... |
Study of Facebook friendships explores how economic mobility works in the US | Taylor Hatmaker | 2,022 | 8 | 1 | A large-scale study of Facebook data sheds new light on the ties between Americans — and how those relationships in turn shape economic outcomes. A research team led by Harvard economist Raj Chetty published the results today across in the journal Nature, exploring how social connections lead to economic opportunit... |
The disappearance of Bolt Mobility shows how corrosive depreciation can be for IRL startups | Alex Wilhelm | 2,022 | 8 | 1 | demise of Bolt Mobility, the divide between technology businesses and those that are merely tech-enabled is back at the forefront of our minds. Once a when , today we’re sifting through what is left of the micromobility sector, now freshly depopulated to a new local maximum. Not every great product makes for a good... |
Spotify wants users to pay for separate ‘Play’ and ‘Shuffle’ buttons | Sarah Perez | 2,022 | 8 | 1 | Spotify is updating its app to address a long-standing user complaint with music playback — but it’s asking customers to pay for the fix. The company today it will introduce, at last, a separate Play Button and a Shuffle Button at the top of albums and playlists to make it easier to play the music the way you like. T... |
Concert Bio lands pre-seed round to fix hydroponic farming’s ‘dirty secret’ | Tim De Chant | 2,022 | 8 | 1 | wants to feed 10 billion people in 2050, it’ll need to find a better way to grow food. Today, about half the world’s habitable land is devoted to agriculture, yet even that amount can’t provide everyone with the sort of diet enjoyed by people in developed countries. If everyone wanted to eat like Americans, we’d need ... |
null | Darrell Etherington | 2,022 | 8 | 8 | null |
Meet the second wave of Disrupt Audience Choice roundtable winners | Lauren Simonds | 2,022 | 8 | 1 | We asked TechCrunch readers to vote for the roundtable sessions they would most like to see at on October 18–20 in San Francisco, and startup fans from around the world have spoken. Roundtables — some of the most popular sessions at TechCrunch Disrupt — are 30-minute expert-led discussions designed for up to 20 atten... |
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