Opendoor opened the door, so to speak, to the idea of applying technology to the concept of house flipping to both scale the opportunity and make it considerably more efficient. While its share price is being hammered at the moment in a wider downturn for tech stocks overall, it’s a strong enough concept that it’s
Month: July 2022
From Project Ara to Wave, Google has a rich history of bailing on neat ideas when the going gets tough. Yet unlike those forgone experiments, augmented-reality glasses apparently aren’t doomed to rest in Google’s metaphorical graveyard. Instead, the advertising company is tip-toeing its spiritual successor to Glass back into the wild. After teasing the smart
The days of the Galaxy Note Unpacked events are sadly gone, but Samsung’s foldables are more than happy to fill a phablet-sized hole in the company’s annual release schedule. Over the last couple of years, the company has made good on its promise to fully commit to the form factor, and we expect to see
Lori Cashman Contributor Lori Cashman is a managing partner of Victress Capital, an early-stage venture capital firm that invests in high-growth companies meeting the needs of the evolving consumer market. In the world of venture capital, we’re always talking about cash. You hear phrases like “cash burn,” “cash runway” and “cash on hand” every day
An investor in Instacart, Capital Group, has repriced its shares in the company, lowering its estimation of the value of the online grocery delivery service. The news follows other, similar repricings by companies like Fidelity, which also own a stake in the decacorn. It’s really not surprising that one more investor agrees Instacart’s 2021 valuation
As the crypto industry continues to grow, regulators across the world are looking for operational and legal frameworks to guide their actions to more effectively monitor the industry. The U.S. government in particular, which has been criticized for moving slowly on crypto rule-making in the past, has been looking at the sector with a renewed
While the venture capital world slows, climate tech is bucking the trend as startups in the space continue to ink deals at a record pace. In the process, the sector is climbing the ranks. In the first quarter of this year, five climate tech deals made it into CB Insight’s top 10 lists covering seed
Meta CEO Mark Zuckerberg announced today that the company is introducing a new searchable and dynamic map experience on Instagram. The updated map experience will allow users to explore popular tagged locations around them and filter location results by specific categories including restaurants, cafes and beauty salons. Prior to this update, the map experience on
Russia fined Google 21.1 billion rubles ($374 million) on Monday for repeatedly failing to “remove prohibited information” — content related to the country’s invasion and subsequent war in Ukraine. The country’s telecommunication watchdog Roskomnadzor cited a court order and said Google (particularly YouTube) didn’t take down content that discredited “the Armed Forces of the Russian
BlockFi Founder & CEO Zac Prince joins Emily Chang on the news that the crypto platform agreed to pay $100 million to the Securities and Exchange Commission and state regulators over allegations it illegally offered a product that pays customers high interest rates to lend out their digital tokens.
Some of digital health’s best-capitalized startups are struggling. A string of healthcare unicorns have announced layoffs over the past few weeks, including Ro, Cerebral, Forward and Calibrate. While these companies are all targeting different corners of the healthcare world — from direct-to-consumer healthcare to virtual mental health support — the layoffs show a similar response
The pandemic has triggered more demand for online shopping and fueled many smaller retailers to establish their own online offerings. Japanese commerce enabler AnyMind, which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and
Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 million seed round. This investment is coming after the startup’s undisclosed pre-seed round last year. This financing welcomed participation from fintech giant Visa, Y Combinator, U.S.-based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based
Microsoft has confirmed that it won’t be introducing a previously announced new policy that would effectively ban developers from selling open source software on the Windows app store. Section 10.8.7 of its Microsoft Store Policies document, which was updated in mid-June and had been due to come into effect on Saturday (July 16), had said
Facebook parent Meta’s been putting up a strong fight appealing the UK antitrust decision investigating and ultimately ordering Meta to sell Giphy, the GIF marketplace that it acquired back in May 2020 for around $315 million; and now it has gotten a small stay of execution: the UK’s Competition Appeal Tribunal has sent the case
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Presumably you’ve been in the nightclubs (or at least your living room with the music turned to 11) doing the Robot and other amazing dance moves all weekend. Continue the 
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funHireArt, which TechCrunch previously described as a “resume-killing” jobs marketplace, today announced that it raised $26.25 million in a Series B financing round led by Three Fish Capital with participation from over a “half dozen” angel investors. CEO Nick Sedlet said that the cash will be put toward product development and more than doubling HireArt’s
Robotic learning has quickly become of automation’s most vibrant categories — and understandably so. Programming a robot has traditionally required a lot of technical know-how, but what if there was a simpler way for non-programmers/roboticists to teach these systems to do what we want? Imitation and reinforcement learning are two of the most popular methods
Gbike, a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. Gbike CEO Walter Yoon told TechCrunch that the deal, which is its first acquisition, will be completed in early August. The financial terms of
Much has been made of how European countries are, on the one hand, supporting Ukraine in its fight against the heinous and illegal invasion by Russia but at the same time remaining heavily dependent on Russian energy sources. Many countries in the EU — currently experiencing a heatwave — have scrambled to switch to alternatives,
Matt Cohen Contributor Matt Cohen, founder and managing partner of Ripple Ventures, was the founding investor of Turnstyle Solutions, which was acquired by Yelp in 2017. More posts by this contributor VCs and university endowments should partner to make venture more diverse Founders must learn how to build and maintain circles of trust with investors
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news. Today was a fun day in that we didn’t start off with just bad news — what a
Denmark is effectively banning Google’s services in schools, after officials in the municipality of Helsingør were last year ordered to carry out a risk assessment around the processing of personal data by Google. In a verdict published last week, Denmark’s data protection agency, Datatilsynet, revealed that data processing involving students using Google’s cloud-based Workspace software
On August 23, the price of ESPN+ will jump from $6.99 to $9.99 per month, and the annual plan is going up from $69.99 to $99.99. The steep 43% increase is the second subscription price hike in a little more than a year. The company confirmed the news to TechCrunch and said that subscribers will
Household cleaning chemicals in the form of a tablet that can be dissolved in water appear to have given rise to a number of startups. As well as Munich-based startup everdrop, there is also Atmo Home out of Berlin, as well as Grove Collaborative, Blueland, Smol, Spruce, Ocean Saver… the list goes on. Few, however,
Bad news about smartphone shipments has become the norm, rather than the exception, in recent years. The trend pre-dates the pandemic, but has only accelerated during the pandemic, thanks to various economic and supply chain impacts. Even so, a high single-digit drop warrants examination and some difficult questions around the industry’s health. New figures out
Complicated supply chains mean that consumers in Tier 1 and Tier 2 Indonesian cities often end up paying more for goods than their peers in large cities, like Jakarta. KitaBeli is on a mission to change that, with its own distribution network and a direct-to-consumer social commerce app. Today the startup announced that it has
India’s central bank wants to ban cryptocurrencies, the government told the parliament on Monday, raising more uncertainty about the future of the nascent virtual digital asset in the world’s second largest internet market. Nirmala Sitharaman, the minister of finance in India, said Monday that the Reserve Bank of India has expressed concerns about the “destabilising
In late June, Modsy, on online interior design services startup, abruptly ceased offering design services, laid off its designers, and left customers with unfinished renovations and project orders in process. The company returned some service order charges and promised to refund furniture deliveries to those who completed a form. But more than two weeks later,
As NFTs work to retain mainstream attention, one founder predicts the digital asset sector will pivot in a new direction. “I think NFT collections will evolve as media companies [into something] like Disney,” Alex Salnikov, co-founder and head of product at NFT marketplace Rarible, said to TechCrunch. In recent months, major “blue-chip” NFT projects like Bored
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