Research examining default settings and terms & conditions offered to minors by social media giants TikTok, WhatsApp and Instagram across 14 different countries — including the US, Brazil, Indonesia and the UK — has found the three platforms do not offer same level of privacy and safety protections for children across all the markets where
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European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion. This represents a 50% increase on last year’s $3 billion valuation at its series C round. Founded out of Berlin in 2015, Wefox sells various insurance products through a
Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses are concerned. Now worth $6.7 billion after raising $800 million, the European BNPL provider is worth a fraction of its self just last year, though
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, boldest and baddest technology news. After some holiday weeks, we are back on an actual Monday! What a treat. Here’s what we got into: Equity
In a letter to Head of Instagram Adam Mosseri and Meta CEO Mark Zuckerberg, Senators Amy Klobuchar and Elizabeth Warren expressed alarm that abortion-related content is receiving strange treatment on Meta’s platforms. Just after the Supreme Court ruled to overturn Roe v. Wade, Motherboard found that posts offering to provide abortion pills were being removed
Back at WWDC, Apple promised to make the public beta of macOS Ventura available in July. The company stuck to its word, releasing lucky number macOS 13 this morning (alongside the rest) for everyone who likes to live life very slightly on the edge, after rounds and rounds of bug testing. We’ve been fiddling around
Pensions, by just about any estimation, are a good thing. Ever since the U.K. government introduced auto-enrolment to the national workforce back in 2012, forcing employers to provide a workplace pension scheme by default (i.e. opt-out), this has led to more people saving toward their retirement. This policy change, however, means that millions of people
Neji Tawo, the founder of boutique software development company Wiscount Corporation, says he was inspired by his dad to become an engineer. When Tawo was a kid, his dad tasked him with coming up with a formula to calculate the gas in the fuel tanks at his family’s station. Tawo then created an app for
Companies from across the industrial spectrum often rely on a migrant workforce, with data from the International Labour Organization indicating that some 169 million workers travel abroad for employment. But being away from their domestic jurisdiction and financial infrastructure presents a host of challenges, including what is probably the most important part for the worker
Crypto owners tend to be more generous when donating to charity than other investors, research shows. Whether that’s because of their strong sense of community or because of the lucrative tax benefits of doing so is anyone’s guess, but nonetheless, savvy charities have taken note of the trend and sought to leverage it. That’s part
Quiltt is wrapping its warm low-code fintech infrastructure blanket around startups and small businesses that want to create financial services for their customers, but don’t have the budget resources for a big engineering team. Ruben Izmailyan and Mark Bechhofer came up with the idea for Dallas-based Quiltt about five years ago while working together on
Despite multiple overtures by the British government to woo tech companies and keep the largest ones from defecting to the US, the latest example of the failure of this policy comes with the news that Australian software giant Atlassian is to move its HQ to Delaware, USA, in its search for what it calls a
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
Tiger Global, one of the biggest winners from the technology bull market, plans to decelerate the pace of its investments in startups for two quarters, the latest in a series of high-profile investors becoming cautious as the market embraces a downturn. The New York-headquartered firm – which invested in 361 deals in 2021, according to
Tech layoffs have hit almost every region in the world, and Southeast Asia is no exception, with companies like Sea, Crypto.com and JD.ID among those affected. In particular, fintech startups—BNPL, credit and lending, and inventory-holding businesses—are vulnerable, like in other parts of the world. Glints, one of Southeast Asia’s largest jobs platforms with over 30,000
Thousands of leaked confidential files reveal a treasure trove of sketchy and unlawful behavior from Uber. The Uber Files, which were originally shared with The Guardian and the International Consortium of Investigative Journalists, show a company that has knowingly broken laws, gone to extreme lengths to avoid justice, secretly lobbied governments, received aid from top
Temporary relief could come, structural exit issues notwithstanding Alex Wilhelm 7 hours Are startups really in danger of suffering a protracted, painful slowdown? With half the year now behind us, the gathering clouds for startups around the world don’t appear to have broken into storms, leaving us wondering if the market is really that bad
In less than two weeks, on July 21 to be precise, the global robotics and AI community will converge online for TC Sessions: Robotics. Engage with the leading visionaries, scientists, founders, makers and investors. It’s a full day exploring the latest trends, challenges and successes in an industry that continues to profoundly change the way
It is worth beginning with a note that I am terribly risk averse, and therefore … not a ton of fun. When Ford micromobility subsidiary Spin first launched a fleet of electric scooters in my hometown of Pittsburgh last summer, my immediate instinct was very old-man-yells-at-cloud. Youths took over the streets and sidewalks, racing around downtown
Hello, friends! Welcome back to Week in Review, where we quickly recap the most read stories on TechCrunch from the last 7 days. The goal: If you had a busy week, you should be able to skim WiR and still have a pretty good sense of what happened in tech. Want it in your inbox?
Welcome back to Chain Reaction. Last week, we looked at Solana’s smartphone and the post-Apple tech industry. This week, we’re looking at a web3 without Big Tech. To get this in your inbox every Thursday, you can subscribe on TechCrunch’s newsletter page. no trillionaires allowed Unlike other moonshot tech categories, it’s become increasingly clear that
From the sample pitch decks in my pitch deck teardown series, you’d conclude that appendices in pitch decks are rare. That would be inaccurate; I’d estimate that more than 70% of decks used actively in pitching startups to investors include one or more appendices. Moreover, whenever I coach clients on building their pitch decks, we
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. With down rounds looming, startup founders have a lot less dealmaking leverage than they did in 2021. If new to the fundraising game, the
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. As Q2 venture capital data starts to come out, it’s clear that there’s a difference between how the startup market is acting and how it actually feels. Sure, capital has slowed, but
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the
Crypto broker Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection just weeks after getting a lifeline from billionaire Sam Bankman-Fried’s Alameda Research. Yueqi Yang has more on “Bloomberg Markets: The Close.”
Coalition, a San Francisco-based startup that combines cyber insurance and proactive cybersecurity tools, is preparing to expand outside of the U.S. for the first time following a mega $250 million Series F investment that takes its valuation to $5 billion. The investment, backed by Allianz X, Valor Equity Partners and Kinetic Partners, comes less than
Elon Musk is formally trying to end his bid to buy Twitter. After hinting heavily that he no longer wanted the company in tweets attacking Twitter over its bot calculations and an ominous story in The Washington Post this week reflecting his thinking, Musk’s legal team is taking steps to terminate his $44 billion deal
Twitter is not on the same page as Elon Musk when it comes to his newly official attempt to back out of his proposed $44 billion acquisition of the company. The company issued a brief formal statement regarding Musk’s merger termination attempt, which relies on the prodigious breeder‘s assertion that Twitter misled him about the
Just about every electronic contraption you care to think of contains at least one printed circuit board (PCB), which serves to house and connect the various components that allow the device to function as a whole. While circuit boards are mostly invisible to end-users, they are foundational to the world they inhabit, powering smartphones, automobiles,