DoorDash is ending its partnership with Walmart after more than four years of delivering the retail giant’s products to customers. The news was first reported by Business Insider. Sources familiar with the matter told Insider that DoorDash decided to end its partnership with Walmart because it was no longer mutually beneficial and because the delivery
Month: August 2022
Last month, Andreessen Horowitz — one of venture capital’s largest and most prominent players — announced that its “headquarters will be in the cloud” going forward. Founded in 2009 in Menlo Park, California, the firm — also known as a16z — has for years been a symbol of Silicon Valley investing. Its new philosophy in
Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees as a way to reprioritize investment needs and meet the company’s current needs. This comes after the company announced a hiring freeze back in May. The layoffs represent close to 5% of the company’s global workforce and 10% of
Netflix’s ad-supported tier may not run commercials during kids’ programs, a decision that its rival Disney+ made in May. As reported by Bloomberg, Netflix told partners that kids’ programming would stay commercial-free. Sources also told the outlet that original movies would initially stay ad-free, likely to appease filmmakers who don’t want their high-budget releases ruined
Google is bringing its Workspace Individual subscription plan to Europe, a little more than a year after first introducing the service to other markets. Workspace is Google’s productivity and collaboration software suite formerly known as G Suite, constituting Gmail, Meet, Drive, Docs, Tasks, Forms, among other key applications. While many of these apps are available
According to earlier reports this week, Adam Neumann, the famed, controversial cofounder of WeWork, is in the process of creating a vast network of residential real estate properties that — we’re guessing — can be rented on a highly flexible basis to people who don’t want to be confined to one location or lease but
“Venture capital” is semantically equivalent to “dangerous money,” which is part of its mystique. Essentially, VC is a high-stakes extreme sport in which top players can accumulate startling amounts of wealth and power. And sometimes, a massive pile of investor cash burns so brightly, it gets picked up on satellites. But where does all that
Stripe has laid off some of the employees who support TaxJar, a tax compliance startup that it acquired last year, TechCrunch has learned from multiple sources and firsthand documentation. The layoffs — conducted over the last month — are related to Stripe’s decision to wind down TaxJar-focused go-to-market efforts in late July. Sources estimate the
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. Fridayyyyyy. If you’re following the ups and downs of the crypto industry, you won’t want to miss this Twitter Space on Monday at 12:00 p.m. PDT/3:00 p.m. EDT. Senior crypto reporter Anita
John Carmack, the game developer who co-founded id Software and served as Oculus’s CTO, is working on a new venture — and has already attracted capital from some big names. Carmack said Friday his new artificial general intelligence startup, called Keen Technologies, has raised $20 million in a financing round from former GitHub CEO Nat
European food ordering and delivery giant Just Eat Takeaway has revealed that it’s selling its stake in Brazil’s iFood for up to €1.8 billion ($1.8 billion) to Prosus. The initial deal will amount to €1.5 billion in cash, plus another €300 million depending on the performance of iFood over the next 12 months. News of the
One doubts Samsung’s convictions at their own peril. The company will be the first to point to the O.G. Note phablet as the ultimate expression of this phenomenon. The line may be gone, having been absorbed into the flagship Galaxy S product, but its influence on the industry is still being felt a decade after
To mark the expansion of Meta’s bland virtual reality platform, Horizon Worlds, into France and Spain, Mark Zuckerberg recently shared a selfie. The graphic, featuring the boyish CEO in front of a low-res model of the Eiffel tower, quickly struck a nerve, sparking sneers, jeers and sighs from quippy social media users. And honestly, can
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha was joined by TC+ reporter Rebecca Szkutak to wade through the news of the week. It was frantic, it was full, and forgettable it was not! Here’s what we got
To play on a Langston Hughes poem — what happens to a Black founder ousted? Are they forgotten, like words on the tip of one’s tongue? Or revered like a deity and then thrown to the sun? The topic is often awkward to ponder and layered in its probe since the reasons for a Black
Mining cryptocurrency is no easy task, but neither is finding a co-founder who is savvy and resilient enough to withstand the sector’s volatile nature. Whether you’re mining for a co-founder or your next round of funding, TC Sessions: Crypto, which takes place on November 17 in Miami, provides fertile ground for all your networking needs.
Zūm’s mission is simple – to introduce student transportation that is reliable, efficient, sustainable and transparent. To achieve the feat of modernizing an incredibly outdated, stuck-in-the-mud system, Zūm relies on cloud-based analytics software to create an agile bus routing system with real-time visibility for schools and parents. The startup also uses a diverse fleet that
Crypto enthusiasts promise to build a decentralized money system that allows people to freely trade without any intermediary intervention. It’s a rosy picture, but recent events of security vulnerability indicate that the decentralized world might not be working as well as the believers envision yet. That’s why entrepreneurs, infused with venture capital, are racing to
A new company from the creators of the Godot game engine is setting out to grab a piece of the $200 billion global video game market — and to do so, it’s taking a cue from commercial open source software giant Red Hat. Godot, for the uninitiated, is a cross-platform game engine first released under
To celebrate the premiere of HBO’s highly anticipated “Game of Thrones” prequel, “House of the Dragon,” HBO Max is partnering with Snap to give users access to in-app AR experiences. For the show’s premiere on August 21, Snap and HBO Max are releasing a new selfie and worldview Lens, along with Landmarker Lenses, that let
Analysts estimate that the market for “delaying human death” could be worth $610 billion by 2025. But that doesn’t sit well with Christian Angermayer, who co-founded Cambrian BioPharma and Rejuveneron, and whose family office Apeiron Investment Group has a special interest in expanding longevity. “This is a nonsensical, imaginary number that is almost entirely made up
Ryan Breslow has had a tumultuous 2022. It’s not slowing him down. Few outside of Breslow’s world even knew his name a year ago. Then Bolt, a “one-click” checkout tech company that evolved from an earlier idea of his, announced $355 million in Series E funding at a reported $11 billion valuation. Suddenly, the startup
Lincoln revealed Thursday during Monterey Car Week its vision for future EVs — while commemorating its centennial year — with the debut of the Lincoln Model L 100 concept, an autonomous, battery-electric grand tourer that pays homage to the brand’s first luxury vehicle, the 1922 Model L. The futuristic and massive concept has an aerodynamic,
Sunstone, a higher education startup that collaborates with academic institutions to help upskill their students for employability, has raised $35 million in a new financing round as it looks to expand to more Indian cities. Sunstone founders said Friday WestBridge Capital led the startup’s Series C financing round. Alteria Capital also participated in the funding,
The world is entering a huge cost of living crisis, which will inevitably result in a rise in homelessness. But donating to homeless people has yet to go fully digital. Challenger bank Monzo allowed the opening of limited accounts for the homeless using methods like a benefits letter or one from a homeless shelter, for
Snap may have flown a bit too close to the sun in its development of the palm-sized selfie drone, Pixy. Following a late-April announcement, the social media firm has already begun pumping the brakes on the project, per a Wall Street Journal report. CEO Evan Spiegel has apparently relayed the message that the hardware is
The dream to find out what actually happened on your favorite show last week, spill the tea with the Real Housewives or learn about your favorite artists’ creative process is now underway as Cameo launches a new feature, Cameo Live. This new 10-minute video calling feature allows users and their friends to have a live
The hearing loss market has long been dominated by a handful of legacy players with little incentive to innovate due to outdated regulations and social stigma. But a new ruling from the U.S. Food and Drug Administration could revolutionize the market by driving competition, giving startups a greater chance at success in this sector. On
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. G’day, crunch bunch! We’re both starting to get a little bit excited about TechCrunch Disrupt coming up in October. Would you believe that, even though we’ve been working together for a long
Longevity-focused startups have been proliferating in recent years as we become more focused on our health. However, it’s not just about apps to get you in the gym. Longevity startups can range from biotech-oriented disease prevention to organ regeneration. The Aging Analytics Agency estimates that global investments in longevity-focused startups hit more than $40 billion
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