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Klarna’s potential valuation cut to $15B appears sufficiently steep | Alex Wilhelm | 2,022 | 6 | 20 | Journal that Klarna, a European buy now, pay later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure is both a dramatic decline from Klarna’s mid-2021 and the $30 billion figure it was reported to be targeting earlier this year. Klarna is not alone in losing value... |
10 tips for running effective board meetings | Yousuf Khan | 2,022 | 6 | 20 | transition to venture capital, I’ve learned firsthand that a critical part of investor involvement and due diligence involves serving on boards of directors. I quickly realized that the makeup of a board, as well as what’s required of its members, is vastly different at an early-stage startup than what I’d experienced... |
Final 50 tickets left to TechCrunch’s Annual Summer Party | Lauren Simonds | 2,022 | 6 | 20 | We knew this day would come, but we didn’t expect it to happen quite so soon. We’ve just released the final 50 tickets to on June 23 in Menlo Park. Honestly, if you don’t jump on this opportunity and asap, you might as well just delete “Get The Party Started” from your playlist right now. This year, our ever-popula... |
Can we trust capitalism to solve climate change? | Amanda Silberling | 2,022 | 6 | 20 | Climate 2022 last week, we tackled an age-old question: Are corporations really that bad? Your answer may change depending on what side of the bed you wake up on any given morning and whether you believe Amazon is currently trying to quash a . Some have a more positive perspective, at least when it comes to climate-r... |
Meta’s latest VR headset prototypes will help it pass the ‘Visual Turing test’ | Devindra Hardawar | 2,022 | 6 | 20 | Meta wants to make it clear it’s not giving up on high-end VR experiences yet. So, in a rare move, the company is spilling the beans on several VR headset prototypes at once. The goal, according to CEO Mark Zuckerberg, is to eventually craft something that could pass the “visual Turing Test,” or the point where virtual... |
Afropolitan raises millions from Balaji Srinivasan and others to build a digital nation | Tage Kene-Okafor | 2,022 | 6 | 20 | Srinivasan, a high-profile figure in the crypto space and the , wrote a titled “How to Start a New Country” in the 21st century. His view was that this new world — — would give millions of people a fresh societal and financial start free of historical constraints that this current world presents. Per Srinivasan, ... |
Saltalk turns up the heat on its virtual kitchen following new $8M cash infusion | Christine Hall | 2,022 | 6 | 20 | , a virtual kitchen and e-commerce platform, closed on $8 million of Series A financing to continue developing its one-two punch of authentic cuisine, made by both restaurant chefs and home cooks, and food supply resources and logistics. Founder and CEO Fred Ming, previously a software architect, got the idea for Salta... |
Ransomware ring claims attack on Africa’s largest retail chain Shoprite | Annie Njanja | 2,022 | 6 | 20 | RansomHouse, a ransomware gang, has claimed responsibility for the cyberattack on Shoprite, Africa’s largest retailer. The attack, which Shoprite confirmed a week ago, compromised customer data in Eswatini, Namibia and Zambia, the company said. Shoprite said the data breach “included names and ID numbers but no financi... |
An Apple store in Maryland makes history by forming the company’s first recognized union | Amanda Silberling | 2,022 | 6 | 18 | As several Apple stores across the country fight to unionize, workers in Towson, Maryland became the . Out of 110 eligible employees, the union received 65 yes votes and 33 no votes. This historic victory comes after concentrated efforts from Apple to discourage its retail workers from unionizing. Last month, the tril... |
null | Natasha Lomas | 2,022 | 6 | 20 | null |
Down bad | Lucas Matney | 2,022 | 6 | 18 | Welcome back to Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on We’ve talked crypto crashes a couple times already in the short life of this newsletter but the sell off ... |
This Week in Apps: Apple’s Sherlocks, Instagram’s ‘nudges’ and a TikTok-Oracle deal | Sarah Perez | 2,022 | 6 | 18 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the year-end . Global spending... |
Another brutal week for crypto and crypto companies | Greg Kumparak | 2,022 | 6 | 18 | Hi all! Welcome back to Week in Review, the where we recap the most read stories to cross TechCrunch over the last week. Our goal: If you’ve had a busy few days, you should be able to click into this on Saturday, give it a skim, and still have a pretty good idea of what went down this week. I’ll be AFK for the next t... |
The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA | Rebecca Bellan | 2,022 | 6 | 20 | Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your usual host, Kirsten Korosec, is off the grid and hopefully having a fabulous vacation, so I’ll be taking over the newsletter this week. Up first: (ADAS). The issued a Stan... |
I’m not too worried about recommending another (few) tech podcasts | Natasha Mascarenhas | 2,022 | 6 | 18 | I’m out this week, but that doesn’t mean I’m leaving you alone. TechCrunch . So, I thought I’d take a second to highlight the podcasts, the minds behind them and my favorite episodes so far. Thanks to Yashad, Maggie, Grace and Kell for their work behind the scenes making us sound smart and informed. That’s the rundown... |
The rise of API-first companies, in fintech and beyond | Anna Heim | 2,022 | 6 | 18 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. API-first companies aren’t a new thing, but I have been paying more attention to them since TechCrunch Disrupt 2021, where I moderated a with Plaid CTO Jean-Denis Greze. Plaid is a fintech company, yes, but... |
Founders of recycling startups say the pandemic changed the investment game | Tim De Chant | 2,022 | 6 | 18 | addressing the recycling crisis labored in relative anonymity. But for those who have stuck with it — or survived the lean times — investors are now rewarding them with growing support, three founders told me this week at TC Sessions: Climate 2022 in Berkeley. “It’s been very hard to raise in the space, traditionally.... |
Bitcoin falls below $20,000 and Ethereum sinks past $1,000 as crypto market free fall continues | Lucas Matney | 2,022 | 6 | 18 | The crypto market suffered one of its most dramatic selloffs in years this week as the prices of top cryptocurrencies declined as much as 35% week over week as fears of a broad economic recession intensified. On Saturday, the total global market cap of cryptocurrencies sank below $850 billion as top tokens tumbled. Eth... |
Microsoft and Meta join Google in using AI to help run their data centers | Kyle Wiggers | 2,022 | 6 | 18 | Data centers, which drive the apps, websites and services that billions of people use every day, can be hazardous places for the workers that build and maintain them. Workers sometimes have to service a data center’s electrical equipment while it’s being energized. And they can become exposed to chemicals like chlorine... |
Pentaform launches AbacusBasic, the ‘world’s most affordable PC’ | Haje Jan Kamps | 2,022 | 6 | 18 | Forgive me if I’m over here, in the corner, having vibrant flashbacks to the Commodore 64, my very first computer. Today, launches its AbacusBasic, a computer built into a keyboard. It comes with Windows 10 and everything you need to do computer-y things. You still need a monitor, but there are a few solutions for so... |
Google Cloud’s new sustainability platform aims to bring enterprise climate goals down to earth | Ron Miller | 2,022 | 6 | 27 | If you ask most executives if they want to do the right thing by the planet, chances are they are going to say yes, even if they don’t know exactly what that involves. Some companies could exaggerate their intentions in ,” but companies with more honorable motives need tools to help understand the data about their ene... |
Watch Rocket Lab launch NASA’s CAPSTONE mission to the moon live | Aria Alamalhodaei | 2,022 | 6 | 27 | After repeated delays, the microwave oven-sized CubeSat known as CAPSTONE may finally start its long journey to the moon. With this launch, NASA aims to begin the first chapter of its ambitious Artemis program, and lay the groundwork for what would be a first in human history: an orbiting crewed platform around the moo... |
India delays VPN rules to log customers data by 3 months | Manish Singh | 2,022 | 6 | 27 | India will give VPN providers and cloud service operators an additional three months to comply with new rules that require they maintain names and addresses of their customers and their IP addresses, delivering some relief to firms as many scramble to follow the new guidelines and others explore exiting the South Asian... |
Waymo, UPS, others pressure Gov. Newsom to allow autonomous trucking in California | Rebecca Bellan | 2,022 | 6 | 27 | Waymo, Aurora, UPS and Luminar are among a group of 34 autonomous vehicle developers, California business organizations, and automotive and logistics companies that signed an to Governor Gavin Newsom on Monday asking him to revisit the California Department of Motor Vehicles’s 2015 prohibition on the operation of aut... |
Degreed’s co-founder is back at the company he left…with the startup he built | Natasha Mascarenhas | 2,022 | 6 | 27 | Edtech up-skilling platform has acquired , which creates talent resource hubs for employers to better spin up education services for their teams. While we’d nearly always cover a notable acquisition in a relevant tech sector, the extra interesting bit here is a personnel one: both companies were co-founded by the sa... |
Rivian is turning on the first EV fast chargers in its adventure network | Kirsten Korosec | 2,022 | 6 | 27 | Rivian this week will open three EV fast charging sites in California and Colorado as part of the automaker’s bid to build out an “adventure” network along interstates as well as locations near recreational activities aligned with its customer base. The first Level 3 DC fast charging site, which opened Monday in Salida... |
Max Q: Acronyms rule everything around me | Aria Alamalhodaei | 2,022 | 6 | 27 | Hello and welcome back to Max Q. In this issue: In a rather cool bit of news, NASA said that it’s contracting three suppliers for nuclear fission energy system concept designs for use on the lunar surface. Lockheed Martin, Westinghouse and IX (a joint venture from Intuitive Machine and X-Energy) were the three winning ... |
Robinhood almost imploded during the GameStop meme stock chaos | Taylor Hatmaker | 2,022 | 6 | 27 | The House Committee on Financial Services late last week offering a harrowing glimpse inside Robinhood during the frenzy around Gamestop stock early last year. The stock trading and investing app was from the first big “meme stock” after Redditors and other retail investors rallied around $GME and sent its price in... |
Daily Crunch: Truth Social says federal grand jury probe could block its planned SPAC merger | Christine Hall | 2,022 | 6 | 27 | Hello, friends! I’m back from being OOTO for the past week. My inbox is a hot mess, but the beach was very relaxing, and I’m still thinking of those watermelon margaritas. As you can see, my partner in crime, , is still enjoying his adventures, but we have a full day of news to dive into, so shall we get started? — P... |
Google backs Progcap, a startup delivering working capital to small retailers in India | Manish Singh | 2,022 | 6 | 27 | Google has invested in , an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years. The investment is part of a $40 million fresh funding Progcap has raised, it ... |
At NASA’s Lunabotics competition, students design mining robots for the moon | Stefanie Waldek | 2,022 | 6 | 27 | If this year’s Lunabotics competition is any indication, there’s a bright future ahead for the surface of the moon — and below it. The NASA-hosted challenge recently saw 39 teams of university students building lunar mining robots, which were tasked with digging up rocks in simulated regolith (the material making up th... |
These four iconic European founders plan to kick the asses of VCs who never started a company | Mike Butcher | 2,022 | 6 | 27 | Until recently, Taavet Hinrikus, co-founder of Wise, and Sten Tamkivi, co-founder of Teleport, had banded together as a sort of “mini Angel brand” known as “Taavet+Sten.” Tamkivi has done around 50 angel deals, Hinrikus has, reportedly, done as many as 150. But they were effectively pooling their personal capital as an... |
Tesla will go back to court for racial discrimination lawsuit | Rebecca Bellan | 2,022 | 6 | 27 | Owen Diaz, a former elevator operator at Tesla’s Fremont factory who accused the company of racial discrimination, will once again face off against the automaker in court. After Diaz and his lawyers , which had been slashed from a jury-awarded , a federal California judge granted Tesla’s motion for a new trial. Diaz ... |
FTX says no active talks to buy Robinhood | Jacquelyn Melinek | 2,022 | 6 | 27 | Crypto exchange FTX is open to partnering with Robinhood Markets, its CEO Sam Bankman-Fried said in a statement shared with TechCrunch. Bloomberg News that people familiar with the matter said FTX was exploring opportunities to acquire Robinhood, but Bankman-Fried denied those claims. “We are excited about Robinhood’... |
Meta introduces Instagram Reels APIs for developers | Aisha Malik | 2,022 | 6 | 27 | Meta that starting tomorrow it’s introducing Reels APIs to several endpoints on the for developers. The company says it’s introducing the new Reels APIs after hearing from its developer community that Reels is a top priority. Meta is expanding the scope of support of Reels to content publishing, insights, comment m... |
This crypto winter may be long, but builders remain bullish | Jacquelyn Melinek | 2,022 | 6 | 27 | top digital assets in the cryptocurrency market are down significantly, but some market participants are shrugging it off and focusing on the long game. The top five cryptocurrencies by market capitalization have fallen 55% or more year to date, according to CoinMarketCap . The top two, bitcoin and ether, have droppe... |
How Cadillac plans to use its $300,000 Celestiq EV to rebuild the brand | Jaclyn Trop | 2,022 | 6 | 27 | The Cadillac Celestiq, the brand’s halo EV set to debut during Monterey Car Week in August, will $300,000, pushing it well above the top variants from other luxury EVs, including the Lucid Air Dream Edition, Porsche Taycan Turbo S and Tesla Model X Plaid. While Cadillac would not confirm the eye-popping price tag, th... |
Period tracker Stardust surges following Roe reversal, but its privacy claims aren’t airtight | Sarah Perez | 2,022 | 6 | 27 | Stardust surged to the top of the U.S. Apple App Store in the wake of the Supreme Court’s decision to after the app promised it will encrypt its users’ private data to keep it out of the hands of the government. But TechCrunch found on Monday that the current version of the now-booming Stardust app is sharing the app... |
Perceptron: Analyzing images in the blink of an eye and tracking the life cycle of snow | Kyle Wiggers | 2,022 | 6 | 27 | 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, Perceptron (previously ), aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to, artifi... |
Consumers swap period tracking apps in search of increased privacy following Roe v. Wade ruling | Sarah Perez | 2,022 | 6 | 27 | Consumers are ditching their current period tracking apps in favor of what they perceive to be safer options in the wake of the Supreme Court’s Roe v. Wade decision that allows individual U.S. states to criminalize abortion. The app switching trend is impacting all manner of period tracking apps, including leading app ... |
Apple’s big week was not without its flaws | Greg Kumparak | 2,022 | 6 | 11 | Hi, friends! Welcome back to Week In Review, where we recap some of the top stories to cross TechCrunch dot com this week. The story this week was . . . well, everything that came out of Apple’s annual Worldwide Developer Conference. Apple tends to dominate the news cycle during WWDC, and this year’s show was no ex... |
As startup layoffs continue, some perspective | Natasha Mascarenhas | 2,022 | 6 | 11 | a layoff tracker, over 16,000 tech workers lost their jobs in May, and June is off to a similarly brutal start. TechCrunch’s senior reporter and I have accidentally, and unfortunately, started working on a weekly column about the tech layoffs; what first started as a tip-over moment at Thrasio has soon expanded to s... |
Apple enters the BNPL market as regulation, competition intensify | Alex Wilhelm | 2,022 | 6 | 11 | keynote, Apple a bevy of changes and updates to its hardware and software. In the mix were anticipated improvements to its various operating systems and computers — and plans to expand its fintech footprint. Apple has been growing as a consumer finance company for some time, most famously thanks to its Apple Pay ser... |
Why some startups don’t want to be called that | Anna Heim | 2,022 | 6 | 11 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. When does a startup stop being a startup? It’s a tougher question than it seems — tech companies have found that there’s power in words. Let’s explore! — “We’re not a startup, we’re a scaleup,” marketing exe... |
Andreessen Horowitz’s Sriram Krishnan on crypto social networking | Lucas Matney | 2,022 | 6 | 11 | Web3 has plenty of money going for it — well, yes quite a bit less than a few months ago — but it’s still hard to argue that mainstream consumers have lined up to embrace web3 internet services. There have been some flash-in-the-pan hits so far, but investors are still searching for consumer use cases that make the mos... |
This Week in Apps, Apple WWDC review: Blurred lines, new APIs and a brand-new Lock Screen | Sarah Perez | 2,022 | 6 | 11 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the year-end . App Annie says ... |
The Winklevoss twins rock on | Lucas Matney | 2,022 | 6 | 11 | Welcome back to Last week, we talked about an arrest in the crypto world that had investors sweating. This week, we’re talking about rocking through the general malaise of a crypto winter. You can subscribe to this newsletter and get it in your inbox every Thursday on Crypto has had a brutal couple months and yet, the... |
Amazon Prime Video’s Watch Party feature is now available on smart TVs and streaming devices | Ivan Mehta | 2,022 | 6 | 29 | Amazon Prime Video’s Watch Party feature, which lets you watch a movie or a TV show together with your friends remotely, is now available on smart TVs, streaming devices like Roku and gaming consoles like Xbox or PlayStation. Before this expansion, the feature was available on desktops, Fire TV devices and on the Prime... |
GetVantage offers revenue-based financing to India’s founders | Catherine Shu | 2,022 | 6 | 29 | Some SMEs don’t want to get (or have access to) equity funding but also want to stay away from high-interest bank loans. That’s the gap that revenue-based financing platforms like want to fill. The Mumbai-based startup announced today that it has raised $36 million in equity and debt led by Varanium Nexgen Fintech Fu... |
Bird CEO Travis VanderZanden steps down as president | Rebecca Bellan | 2,022 | 6 | 29 | Shared micromobility company Bird’s board of directors has appointed Shane Torchiana as president of the company, replacing the company’s CEO and founder Travis VanderZanden. The new roles will begin effective June 29, . VanderZanden, who previously served as the chief operating officer (COO) at ride-hailing company L... |
Get hype for the first images from NASA’s James Webb Space Telescope | Aria Alamalhodaei | 2,022 | 6 | 29 | Very soon, humanity will get to view the deepest images of the universe that have ever been captured. In two weeks, the $10 billion James Webb Space Telescope (JWST) — NASA’s super expensive, super powerful deep space optical imager — will release its first full-color images, and agency officials today suggested that t... |
Google’s ‘deceptive’ account sign-up process targeted with GDPR complaints | Natasha Lomas | 2,022 | 6 | 29 | Consumer rights groups in Europe have filed a new series of privacy complaints against Google — accusing the advertising giant of deceptive design around the account creation process that they say steers users into agreeing to extensive and invasive processing of their data. The tech giant profiles account holders for ... |
Y Combinator announces Launch YC, a way for its portfolio to shout to the public | Natasha Mascarenhas | 2,022 | 6 | 29 | , a platform where people can sort accelerator startups by industry, batch and launch date to discover new products. The famed accelerator, which has seeded the likes of Instacart, Coinbase, OpenSea and Dropbox, invites users to vote for newly launched startups “to help them climb up the leaderboard, try out product de... |
Substack cuts 13 jobs to avoid raising more venture capital | Amanda Silberling | 2,022 | 6 | 29 | The newsletter platform Substack laid off 13 employees today, mostly in . Co-founder and CEO Chris Best informed the company after holding meetings with the affected employees. The meetings also included founders Hamish McKenzie and Jairaj Sethi. That’s probably a better way to deliver the news than some other compani... |
AlgiKnit’s seaweed-sourced materials could mend the textile industry’s toxic habits | Kate Park | 2,022 | 6 | 29 | is on a mission to offer more environmentally conscious materials for the heavily polluting fashion and textile industries. The startup is developing materials from seaweeds such as Macrocystis pyrifera, one of the planet’s most renewable and regenerative organisms, creating yarns and fibers that don’t rely on petrole... |
The company behind Pokémon GO, Niantic lays off 8% of staff and cancels 4 projects | Amanda Silberling | 2,022 | 6 | 29 | Pokémon GO developer Niantic is running into trouble as it builds “ .” Like tech companies facing , the company decided to let go of 8% of its staff, affecting about people. Just seven months ago, the company raised $300 million at a valuation, its valuation from 2018. In an email to staff, reported by , CEO ... |
Watch Virgin Orbit’s ‘Straight Up’ launch of Space Force satellites live tonight | Stefanie Waldek | 2,022 | 6 | 29 | : The launch was delayed due to a slight problem with propellant temperature, but Virgin Orbit has confirmed it will make its next attempt tonight (July 1st) no earlier than 10:20 PM PDT. : Launch is good and payloads are in orbit! We’re sorry in advance for getting Paula Abdul stuck in your head today. Virgin Orbit is... |
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Daily Crunch: Indian edtech giant Byju’s delays $1B acquisition payment, lays off hundreds of workers | Christine Hall | 2,022 | 6 | 29 | Greetings on this Hump Day. We’ve got one housekeeping item for you: We need your vote on . And if you didn’t get a chance to read ’s piece on what look like in this environment, she and break down the story in . — Remember the name Memomi the next time you shop for glasses in Walmart or Sam’s Club. , which u... |
Modsy shuts down design services, cutting roles and disrupting orders | Kyle Wiggers | 2,022 | 6 | 29 | , an online interior design services company, has ceased to offer design services, a move that comes at the cost of the team behind the effort and customers who have orders in flux. In an email to TechCrunch, Modsy CEO provided this statement when asked about the disruption of business: We have worked hard over the pa... |
What downturn? The total cloud market reached $126B in Q1 2022 | Ron Miller | 2,022 | 6 | 29 | Imagine for a second that you could roll up the entire cloud market, everything from SaaS to infrastructure to platform, CDNs (content delivery networks), managed private clouds, data center rentals — everything. What would that be worth in a quarter? Well, the folks at Synergy Research were kind enough and the figur... |
Google’s Switch to Android app for iOS users is now compatible with all Android 12 phones | Aisha Malik | 2,022 | 6 | 29 | Google today that its for iOS users is now compatible with all Android 12 phones. The iOS app, which , makes the transition between the mobile platforms easier to manage by helping users import their contacts, calendar, photos and videos to their new Android phone. Prior to today’s expansion, the app was limited t... |
Disclose your Scope 3 emissions, you cowards | Tim De Chant | 2,022 | 6 | 29 | the inside scoop on which companies are serious about addressing their carbon emissions and which aren’t, take a look at the public comments submitted to the U.S. Securities and Exchange Commission regarding its proposed climate rule. You can tell if a company is serious by its stance on so-called Scope 3 emissions. D... |
Disney extends CEO Bob Chapek’s contract for three more years despite difficult tenure | Lauren Forristal | 2,022 | 6 | 29 | Disney’s board unanimously voted to extend CEO Bob Chapek’s contract for three more years, the company yesterday. His deal was set to expire in February 2023. Despite a chaotic tenure that began at the height of COVID, the new three-year agreement will begin Friday, July 1. “Disney was dealt a tough hand by the pande... |
Dear Sophie: Will a doctor get a green card faster than an engineer? | Sophie Alcorn | 2,022 | 6 | 29 | 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... |
Google and the Internet Archive are the first customers to gain commercial access to Wikipedia content | Sarah Perez | 2,022 | 6 | 29 | Google is going to start paying for its use of Wikipedia information to help power its knowledge panels in Google Search. The search giant, along with the digital library the Internet Archive, are the first customers for the still relatively new commercial product launched by the Wikimedia Foundation — the nonprofit th... |
5 ways to seize the opportunities created by recent chaos in ad tech | Alex Song | 2,022 | 6 | 29 | advertising world faces new challenges and opportunities. New platforms, mediums, M&A activity, privacy rules and ever-changing consumer behavior can all wreak havoc on the digital landscape. However, companies that are prepared to seek out these moments of change will be well positioned to capitalize on the opportuni... |
Crypto exchange Huobi Thailand closing down in July after license revoked | Rita Liao | 2,022 | 6 | 16 | Huobi Thailand will shut down its exchange permanently on July 1, according to an posted on its website. This marks the exchange’s short-lived ambition in the Southeast Asian country where crypto adoption is flourishing. According to blockchain analysis company Chainalysis, Thailand has one of the world’s , or decen... |
In all-hands Twitter call, Elon Musk fields questions about free speech and bots | Amanda Silberling | 2,022 | 6 | 16 | As Elon Musk addressed Twitter employees for the first time in , the Tesla and SpaceX CEO provided some more details about his plans for the social platform. When Musk first announced his bid to , he proposed the idea of “ ” on Twitter. As , one of his biggest grievances with the platform is its bots and fake accoun... |
Cybersecurity startups, once the VC darling, hammered by layoffs | Carly Page | 2,022 | 6 | 29 | On the face of it, the sector is doing just fine. Demand for cybersecurity products remains high as cyberattacks continue to blight both public and private-sector businesses, and investor enthusiasm for all things cyber-related remains strong. But while many expect the cybersecurity industry to weather the current ... |
Indian esports fantasy startup FanClash raises $40 million | Manish Singh | 2,022 | 6 | 16 | Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches. If the predictions are right, users make money. , a two-year-old Indian startup, is attempting to bring esports such as sleeper hit titles PUBG Mobile, COD and DOT... |
Daily Crunch: SpaceX employees blast Musk’s tweets as a ‘source of distraction and embarrassment’ | Christine Hall | 2,022 | 6 | 16 | It’s Fridaa… wait, Thursday? Come will this week ever end? Don’t worry, we are all right, just looking forward to our impending vacation mode. — and We’re pretty excited about the news that $4 million worth of grant funding to a collection of 40 black-led startups across Europe, as reported today. More of that s... |
Notarize signs off on 25% staff reduction, admits challenging fundraising environment | Mary Ann Azevedo | 2,022 | 6 | 16 | , a startup that offers remote online notarization services, has let go of 110 people — or 25% of its workforce. Doing the math, the 7-year-old, Boston-based company had about 440 employees before the staff reduction. When the COVID-19 pandemic first began, demand for Notarize’s services, dubbed RON for short, skyrocke... |
Dogecoin investor sues Elon Musk, Tesla and SpaceX for $258 billion | Lucas Matney | 2,022 | 6 | 16 | The crypto sell-off of the past several weeks has erased hundreds of billions of dollars in paper gains and is leaving plenty of had-been crypto millionaires looking for something else to hold on to. A class action lawsuit was filed Thursday in federal court in Manhattan by an American Dogecoin investor who is accusing... |
Reddit is buying machine learning platform Spell | Taylor Hatmaker | 2,022 | 6 | 16 | Reddit announced Thursday that it would buy , a platform for running machine learning experiments, for an undisclosed amount. Spell was founded by former Facebook engineer Serkan Piantino in 2016 to provide a cloud computing solution to allow anyone to run resource-intensive ML experiments without the high end hardwar... |
Are carbon offsets bullshit? A renowned climate expert weighs in. | Harri Weber | 2,022 | 6 | 16 | Onstage at this week, climate modeling expert Dr. William Collins shared why he’s deeply skeptical of carbon offsets, and tree-based offsets in particular. According to Collins, they are, “as far as we can tell, a feel-good measure.” Likewise, tree-planting programs pedestalized by companies like United Airlines are ... |
Instagram chases TikTok with a new full-screen feed, changes to photos and navigation to come | Sarah Perez | 2,022 | 6 | 16 | Instagram announced today it will begin testing a new version of its full-screen feed, similar to TikTok’s, which aims to improve upon the way photos appear in this new format. The company said it will also use this experiment to try out changes to the navigation bar at the bottom of the Instagram app, where it will so... |
Waymap’s app helps the visually impaired navigate public transit | Rebecca Bellan | 2,022 | 6 | 16 | London-based wants to help guide visually impaired people to navigate their surroundings, and it’s starting with public transit. The company just concluded a closed two-week trial of its navigation app at three stops within Washington, D.C.’s Metro, and hopes to begin a public trial at 25 Metro stations and 1,000 bus... |
Venture funding in Europe is declining faster than in the US — but causing much less panic | Rebecca Szkutak | 2,022 | 6 | 16 | started to decline globally in the first quarter, Europe initially . The region recorded strong Q1 numbers and was one of the few markets to see quarterly growth over the end of last year. But since the market reached its peak in January — at least for now — Europe’s funding has actually declined at a faster rate tha... |
How to implement an effective chatbot program | Stephanie Capouch | 2,022 | 6 | 16 | marketing teams have relied on tactics like lead capture forms, landing and generic web pages, and follow-up outreach to connect with and convert prospects to sales. This onerous process requires an to secure even a meeting or other conversion. How can marketers speed this process up and drive growth? Chatbots and c... |
How disruptive could a Nike-owned resale platform be? | Rae Witte | 2,022 | 6 | 16 | of knowingly selling fake Jordans. Originating earlier this year, the now-amended lawsuit was initiated, with Nike suing the marketplace over their release of an NFT series of Nike shoes, alleging the “stock market of things” is using the company’s trademark without authorization or approval. As the suit progresses,... |
As crypto selloff accelerates, how much worse can things get? | Lucas Matney | 2,022 | 6 | 16 | TechCrunch The crypto markets buckled this week as fears of cascading failures of key blockchain finance players showed just how fragile things are for the asset class, which dipped below a $1 trillion total market cap as Bitcoin and Ethereum led a plunge in token prices. There was plenty for us to talk about this wee... |
Funding the robot revolution | Brian Heater | 2,022 | 6 | 16 | , California, where we’ve just wrapped up our first-ever . It was slightly surreal being back on stage at Zellerbach Hall, given the last time I stepped foot in the building was a very different time, way back in March 2020. I’m writing to you from an extremely sunny sidewalk a few blocks from the University of Califo... |
JOKR leaving US, ‘for now,’ to focus on LatAm | Christine Hall | 2,022 | 6 | 16 | On-demand food delivery company JOKR said it was as of June 19 and leaving the U.S. market altogether, with co-founder and CEO Ralf Wenzel saying the startup is going to focus on Latin America. “We have decided to stop our business activities in the U.S. for now, which have lately only accounted for about 5% of our b... |
null | Sarah Perez | 2,022 | 6 | 29 | null |
TikTok is testing a feature that lets you see which followers viewed your posts | Aisha Malik | 2,022 | 6 | 16 | TikTok is testing a new feature that allows users to see which of their followers have viewed their videos. On the other hand, people you follow will be able to see that you viewed their posts. A spokesperson for TikTok told TechCrunch that the new feature is not widely available, which indicates that it’s currently pa... |
Pitch Deck Teardown: Ergeon’s $40M Series B deck | Haje Jan Kamps | 2,022 | 6 | 16 | about Ergeon, founded by a licensed contractor and the co-founder of Upwork. It employs more than 350 people in over 40 countries and raised more than $53 million to shake up the art of building fences, creating driveways and more on its path to “eventually building entire homes.” In a world where homeowners need — ... |
Crypto’s emphasis on community could lead followers off a cliff | Jacquelyn Melinek | 2,022 | 6 | 16 | The idea of the “family” culture that so many businesses push for is seeping deeper into the crypto world as communities are formed on a sometimes toxic, cultish stance to unwaveringly back the projects they are invested in. Don’t get me wrong, some parts of the crypto community are great — I’m a part of a few communit... |
Elon Musk tells Twitter employees he wants to be involved in product | Amanda Silberling | 2,022 | 6 | 16 | In a company-wide Twitter call today, presumptive buyer Elon Musk answered questions from “tweeps” for the first time. Will the Tesla and SpaceX CEO’s to buy Twitter ? Your guess is as good as mine — but the market downturn means that his offer is a bit more steep than it was initially, causing him to drag his feet ... |
FCC Commissioner writes to Apple and Google about removing TikTok | Ivan Mehta | 2,022 | 6 | 28 | An FCC Commissioner, Brendan Carr, wrote to Apple and Google on Tuesday, requesting the companies remove TikTok from their app stores for “its pattern of surreptitious data practices.” This comes after reported last week that TikTok’s staff in China had access to U.S.-based users’ data up until January. “As you know ... |
Entrepreneur First raises $158M at a $560M valuation, adding Stripe’s Collison brothers to its list of backers | Ingrid Lunden | 2,022 | 6 | 28 | made a name for itself a decade ago in its home base of London, and then , for the novel approach it takes to tech investing: Rather than seek out interesting, scaling startups like typical VCs, it backs founders and their very, very early-stage startup ideas — so nascent in fact that sometimes the startups themselve... |
Tesla lays off nearly 200 Autopilot workers, shutters San Mateo office | Rebecca Bellan | 2,022 | 6 | 28 | Tesla has gutted the data annotation team working on Autopilot, laying off nearly 200 employees and shutting down the San Mateo, California office where they worked. The layoffs, , have been confirmed by sources who talked to TechCrunch on condition of anonymity. The cuts come amid a at Tesla. However, these layoffs... |
Mapan’s services helps low-income Indonesians users afford goods and services | Catherine Shu | 2,022 | 6 | 28 | Mapan’s team, with CEO Ardelia Apti in the front. Mapan In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. digitized that concept and turned it into a service where users, also mostly women, can use it t... |
Arzooo raises $70 million to bring ‘best of e-commerce’ to physical stores in India | Manish Singh | 2,022 | 6 | 28 | Arzooo, an Indian startup that is attempting to bring the “best of e-commerce” to physical stores, has raised $70 million in a new financing round as it looks to scale its retail platform across the South Asian market. SBI Investment and Trifecta Leaders Fund led the Bengaluru-headquartered startup’s Series B funding. ... |
FTC hammers Walmart over years of ‘facilitating’ money transfer scams | Harri Weber | 2,022 | 6 | 28 | The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a on Tuesday. It’s seeking a court order that would force Walmart to give money back to customers, on top of civil fines. In a brief response, Walmart described the lawsuit... |
UK urgently needs new laws on use of biometrics, warns review | Natasha Lomas | 2,022 | 6 | 28 | An independent review of UK legislation has concluded the country urgently needs new laws to govern the use of biometric technologies and called for the government to come forward with primary legislation. Among the legal review’s ten recommendations are that public use of live facial recognition (LFR) technology be su... |
Facebook and Instagram are removing posts offering to mail abortion pills | Taylor Hatmaker | 2,022 | 6 | 28 | In the aftermath of the Supreme Court’s decision to overturn Roe v. Wade, some Facebook and Instagram users planning to help distribute legal abortion pills are finding themselves censored. According to a , users on Friday began seeing Facebook remove posts offering to mail abortion pills — the same day that the Supre... |
Pinterest pins down a new CEO: Google exec Bill Ready | Harri Weber | 2,022 | 6 | 28 | After a 12-year run, Pinterest co-founder Ben Silbermann is stepping down from his perch as CEO of the popular image and link-sharing service. Following word of Silbermann’s departure, Pinterest’s stock price rose by more than 8% in after-hours trading. That initial pop may have been a sigh of relief from some investor... |
Social care SaaS maker Birdie tops up with $30M | Natasha Lomas | 2,022 | 6 | 28 | , a U.K.-based caretech software-as-a-service maker, has closed a $30 million Series B funding round led by investment firm Sofina, with Omers Ventures and Index Ventures also participating — the latter reupping its backing after leading Birdie’s Series A . Max Parmentier, co-founder and CEO of Birdie, said the latest ... |
Daily Crunch: The party’s over — Airbnb bans all disruptive gatherings in perpetuity | Christine Hall | 2,022 | 6 | 28 | Greetings, there is a lot of news to get into today, and my head is reeling a bit from some of that January 6 testimony today, so let’s get right into it. Oh, and TechCrunch+ is having an Independence Day sale! . (More on TechCrunch+ if you need it!) Now that you have said subscription, head on over to ’s story abo... |
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