The FTX drama is not over yet — and Amazon wants a piece of it. The company is partnering with Russo Brothers, best known for Marvel movies, to make a show on the spectacular collapse of the giant cryptocurrency empire. Amazon has partnered with the duo’s production house AGBO to make the show, which will
Month: November 2022
Eaglebrook Advisors Founding Board Member Mike Alfred joins Caroline Hyde to discuss how the implosion of FTX is a big blow to credibility and trust in the crypto space. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest
Dat Bike is on a mission to put more electric bikes on Vietnam’s roads. The startup said today it has raised $8 million led by returning investor Singapore-based firm Jungle Ventures, just seven months after its first round of funding was announced. GSR Ventures and Delivery Hero Ventures also participated in this round, along with
The market for corporate training, which Allied Market Research estimates is worth over $400 billion, has grown substantially in recent years as companies realize the cost savings in upskilling their workers. One PwC report found that teaching employees additional skills can save a company between 43% and 66% of layoff costs alone, depending on the
Shadow is now officially a tech company with two different products. In addition to its cloud computing service that works particularly well for games, the company is launching Shadow Drive, a cloud storage service based on Nextcloud. “It’s now been a year and a half since Octave Klaba acquired Blade with a vision: take down
Starting today, November 23, “Star Wars” fans can stream the first two episodes of Disney+’s “Andor” on Hulu. Just ahead of Thanksgiving in the U.S., Hulu subscribers have access to episode 1, “Kassa,” and episode 2, “That Would Be Me,” until December 7. Also, the first two episodes will air across three Disney-owned networks ABC,
Things are bleak in the tech sphere as we close out a year defined by plummeting stocks, persistent mass layoffs and a fall from grace for major social media companies. Yet Stanford dropout Teddy Solomon’s story of co-founding Fizz is so reminiscent of Facebook that he was introduced to his investor and now-CEO Rakesh Mathur
Some students at the MyTechBestFriend academy have always been a little suspicious of the program and its founder, Mary Awodele. Since its founding in 2020, a whisper network murmured that many of the materials taught by the academy were plagiarized from various other online programs, such as those from Google or Salesforce. Founded by Awodele
UK-based electric two-wheeler manufacturer Zapp Electric Vehicles is merging with a blank-check company to become publicly traded on the Nasdaq at a post-money valuation of $573 million. Zapp says it will use the proceeds from the merger to bring its long-awaited i300 high performance, seated city scooter to market. The i300 was initially revealed back
Back in August, the FDA announced it was making a big change in the world of hearing aids: From October onwards, hearing aids would be available without a prescription, over the counter. In a world where getting fitted for a hearing aid could be very expensive, and the hearing aids themselves were wrapped up in
Mark Cuban-backed streaming app Fireside, which today offers podcasters and other creators a way to host interactive, live shows with audience engagement, will soon expand to the TV’s big screen. Variety reported, and Fireside confirmed, it’s acquired the open streaming TV platform Stremium, which will allow Fireside’s shows to become available to a range of
Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 billion, falling below the valuation at which it raised capital from private investors in 2021, as the Indian logistics firm grapples with the aftermath of a bulk deal sale and muted growth report. Shares of the
Dan LeBlanc Contributor Dan LeBlanc is the CEO and co-founder of Daasity, a data and analytics company built for omnichannel brands. For consumer brands, the holiday season is go time. The high-energy, two-month period that starts on Black Friday and Cyber Monday (BFCM) can account for as much as 19% of a brand’s total annual
Meta’s surveillance-based business model is facing an interesting legal challenge in the U.K. from an individual who’s suing over its continued processing of her data for ad targeting — despite her objection. The legal challenge — which is being brought by human rights campaigner Tanya O’Carroll — is seeking a declaration that Meta is in
Smartphone shipments have been declining in what has been a rough year for mobile handsets, and that’s meant even more pressure on an already-precarious sliver of the mobile market: feature phones. Today, one of the players in that space, the feature phone operating system startup KaiOS, is getting a small financial injection that both speaks
Bloomberg’s Ed Ludlow joins Emily Chang as Elon Musk is expected to outline the progress SpaceX has made on its next generation launch systems: Starship and Falcon Heavy.
Almond is aiming to modernize obstetrical-gynecological (OB-GYN) care for birthing people who want something more “modern,” full service and comprehensive than the standard provider offers. Fresh out of Y Combinator, the company just announced a $7 million seed round. “The patient experience today is slow, it’s incomplete, and ultimately it’s delivering not great outcomes,” said
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. Soooo you may have received the, erm, first edition of Daily Crunch yesterday, where we mentioned a certain conference, placing it in the wrong country. Whoops — we updated the headline. Sorry,
Ukio, a short-term furnished apartment rental platform aimed at the “flexible workforce,” has raised €27 million ($28 million) in a Series A round of funding. The cash injection constitutes €17 million in equity and €10 million in debt, and follows some 14 months after the Spanish company announced a €9 million seed round of funding.
Spotify is expanding its newly launched audiobooks service outside the U.S., the company announced today. The service will now become available in other English-speaking markets, including the U.K., Ireland, Australia and New Zealand, allowing users to access Spotify’s catalog of audiobook titles from the streaming app. The company first launched support for audiobooks in the
Pitching a startup to investors without a personal recommendation isn’t a terrible idea — as long as you’ve done your research first. Tetra Insights co-founders Michael Bamberger and Panos Rigopoulos raised a $5 million Series A last year, and the duo said cold outreach was a key part of their strategy. “When I changed my
Ann Lai Contributor Ann Lai joined Bullpen Capital in 2020 as a general partner and has invested in and advised more than 30 early- to late-stage companies. Among all the buzzwords startups use when pitching investors and in their marketing, “data-driven” is nearly at the top of the pile. But what does being data-driven really
The UK’s antitrust watchdog has moved to deepen its scrutiny of the Apple and Google mobile duopoly — kicking off an in-depth investigation into elements of the pair’s mobile ecosystem dominance by probing their approach toward rival mobile browsers and cloud gaming services which it’s concerned could be restricting competition and harming consumers. The move
Aura, a startup founded by early Twitter employees that makes digital frames and photo sharing apps that can also be used to update those frames, has pulled in some funding to expand its business as it closes in on three million users of its app and 1 million frames sold (it’s now at 997k). The
Fans of Apple TV+’s popular sci-fi workplace drama, “Severance,” can have their very own Lumon music-dance experience—maracas not included. Starting Wednesday, November 23, online store Mondo will have exclusive “Severance” vinyl records on sale, which contain the official soundtrack, artwork, themed packaging, and other bonus merch. Like in the show, Mondo created two variations of
Apple Inc. CEO Tim Cook says the company is preparing to begin sourcing chips for its devices from a plant under construction in Arizona. Mark Gurman reports on Bloomberg Television. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the
Leta, a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. Leta’s proprietary route and load optimization technology is designed to boost efficiency in the delivery of goods to customers, and
The logic behind many fintech companies’ automated decisions — decisions that determine whether a customer is approved for a credit line, for example — is hard-coded into their app’s backend. This means that if a head of credit, for example, wants to make a change to the lending criteria, they have to raise a ticket
All eyes are currently on the collapse of FTX in the crypto industry. That’s why today’s news from Bitpanda is an important signal for the Austrian unicorn company. Bitpanda has received a crypto license from Germany’s financial regulator (BaFin). Its German subsidiary is now officially allowed to process cryptocurrencies for German customers under its Crypto
Let’s start with the supposition that the venture-founder compact is built almost entirely on trust, especially early on. Sure, due diligence matters in the investment process, but lying about your capabilities can undercut the founder-investor relationship — and in extreme cases, to the detriment of the larger, global startup market. In the wake of Elizabeth
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