Late last week, Turo, a startup that allows consumers to rent their cars to one another, updated its IPO filing to include full-year data from 2022, giving us a better understanding of its post-COVID performance. Turo, a venture-backed company that has raised hundreds of millions while private, filed privately to go public back in 2021.
Month: March 2023
France is the latest country that is taking steps to ban TikTok from government-managed devices. Stanislas Guerini, the Minister of Public Transformation and Service, and his services issued a succinct statement announcing the move and the reasoning behind this change. But there’s a twist. Instead of simply banning the social media app, the French government
Sonos has two new speakers going on sale Tuesday, March 28, and they’re both significant new models that occupy a couple of key spots in the overall Sonos line-up: The Era 100 is essentially the replacement for the Sonos One, arguably the ‘default’ starter speaker for anyone looking to build out a Sonos system. The
In February, Disney CEO Bob Iger told shareholders in an earnings call that the company plans to lay off 7,000 employees as part of a significant restructuring. Today, in an internal memo to employees, which TechCrunch was able to obtain, Iger revealed that there will be three rounds of layoffs, with the first beginning this
Bloomberg’s Mark Gurman joins Caroline Hyde and Ed Ludlow to discuss how Apple is pulling every lever it can to cut costs enough to avoid laying off full-time employees. ——– 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 Caroline Hyde and Ed Ludlow here:
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week.
Oma Fertility is on a mission to improve in vitro fertilization. The company says it accomplishes this by offering clients better technology, respectful care, and ethical pricing. Founded by Gurjeet Singh in 2020, the company raised $71.5 million over three rounds of funding. Chrissy Meyer and Root Ventures invested in the last two rounds. I’m
The reports issued by the U.N.’s Intergovernmental Panel on Climate Change are usually grim affairs. But even by that standard, last week’s seemed particularly bleak. The upshot is that the world has already warmed by 1.1 degrees Celsius, and we’re on track to hit 1.5 degrees Celsius — the “safe” limit set by the Paris
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. We had the whole gang together this week, which was fitting given the sheer number of news stories that we simply had to get through. So, what did Mary Ann and Natasha
Keeping up with the latest technology money moves Ram Iyer 9 hours Despite the slowdown in venture capital activity, there’s still a mountain of money flowing through startups today. TechCrunch+ is launching a series of posts looking at recent, notable venture rounds, exit activity and other news that relates to the financial side of building
Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. When The Cure’s frontman Robert Smith said he was “sickened” by Ticketmaster fees, many of us felt vindicated. The platform then refunded some fees,
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. It’s hard to be proactive after the tide has already shifted. However, that’s what we’re seeing happen in the solo GP world, where investors, hearing
As tech companies large and small shed staff in hopes of better aligning their income statements to a new market reality, it’s clear that cutting costs to delight investors is the new norm. But there are other ways to make the investing public happy, including smashing growth and profitability expectations. The Exchange explores startups, markets
Silicon Valley’s full of people from all walks of life, but very little of its wealth is distributed evenly, especially when we’re talking about the LGBTQ+ community. Currently, it’s estimated that less than 1% of venture capital goes to openly LGBTQ+ founders. There are no numbers on how much of that capital goes specifically to
Credit Suisse tells its workers it’s “business as usual” as they return to offices on Monday around the globe, even after UBS said it’s taking over the bank. Bloomberg’s Sonali Basak is at Credit Suisse headquarters in Manhattan. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of
Snap quietly acquired Amsterdam-based 3D scanning studio Th3rd in the second quarter of last year, at a time when the company was looking to bolster its AR-powered commerce ambitions. A spokesperson for the company confirmed to TechCrunch that four team members from Th3rd, who are based in the Netherlands, joined Snap as part of 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. Friday Crunch is here! Friday Crunch is here! We are ready to go sit by the proverbial pool with an umbrella-ed drink in it. (Realistically, it’ll be the TV and a beer,
Framework is one of a few companies leading the charge against disposable electronics, in particular laptops. It just showed off some new models, but also a unique case that you can slot your old parts into to form a new (old) desktop or home media PC. After reviewing last year’s Framework 13 and finding it
The quickening pace of tech layoffs is creating growing uncertainty for workers, but it’s giving investors access to a new wave of technical and entrepreneurial talent. There’s no simple test to determine which aspiring founder can turn their idea into a billion-dollar business, but VCs who know which questions to ask can uncover the right
Budget-minded entrepreneurs and early-stage startup founders take heed — this is no time to procrastinate. We have only 7 days left of early-bird pricing to TechCrunch Early Stage 2023 in Boston on April 20. Don’t wait…the early bird gets the…SAVINGS: Buy a $249 founder pass and save $200 before prices increase on April 1 —
T. Alexander Puutio Contributor T. Alexander Puutio is an adjunct professor at NYU Stern and he currently dedicates his research on the interplay between sustainability, technology and organizational management. All views expressed are his own. More posts by this contributor Breaking up Big Tech would be a mistake Equity crowdfunding is now legal, but don’t
The UK’s antitrust watchdog has narrowed its probe of Microsoft’s $68.7 billion bid for video game giant, Activision Blizzard, the regulator said today. In February, the Competition and Markets Authority (CMA) provisionally concluded the merger “could harm U.K. gamers” through higher prices, fewer choices or less innovation. Today it updated its position, saying new evidence
Basketball can be played just about anywhere and by anyone in the U.S. and now many other parts of the world, thanks to a confluence of factors that lower a lot of barriers: ubiquitous hoops set up in parks, schools, driveways and backyards; you can play with one or many; and the only other equipment
OpenAI’s viral AI-powered chatbot, ChatGPT, can now browse the internet — in certain cases. OpenAI today launched plugins for ChatGPT, which extend the bot’s functionality by granting it access to third-party knowledge sources and databases, including the worldwide web. Available in alpha to ChatGPT users and developers on the waitlist, OpenAI says that it’ll initially
Indian edtech giant Byju’s said on Thursday the firm and any of its subsidiaries are not engaging with rival Unacademy to explore an acquisition or merger, refuting a media report at a time when weakening global market conditions have sparked several consolidation plays in the industry. Indian news outlet MoneyControl reported earlier that Byju’s physical
Some say the European tech startup ecosystem lacks investors who have been “operators,” as in former entrepreneurs. And indeed, that has been the case for many years. However, it’s good to see that this has been changing, even if the pace has been slow. One of the newest VC funds to wear it’s “former operators”
With Major League Baseball Opening Day starting next week, on March 30, Fubo announced today that it is adding MLB.TV to its lineup in the coming days. The out-of-market package will be available as an add-on for $24.99 per month. The live TV streaming service already offers MLB Network, MLB Strike Zone, as well as
Amazon is laying off an additional 9,000 employees, including at AWS and Twitch
The natural world has produced many of our most important medicines, but instead of looking under a leaf or rock for the next big cancer drug, Pragma Bio is searching within the human body — its swarm of resident microbes, to be precise. With its novel approach and a fresh $10 million in funding, the
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