May.19 — Cathie Wood, chief executive officer and chief investment officer at Ark Investment Management, explains why Ark cut its stake in Apple. She speaks with Bloomberg’s Carol Massar at The Bloomberg Businessweek event.
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Rider is on a mission to provide online shoppers in Pakistan with “Amazon-like” next-day deliveries. The Karachi-based company announced it has raised $3.1 million in new funding from Y Combinatior, along with new investors i2i, Flexport, Soma Capital and Rebel Fund. Returning investors included GFC, Fatima Gobi and TPL E-ventures, along with Dropbox co-founder Arash
Iran’s relationship with the crypto mining sector is a love-hate one. The government is again restricting crypto mining activity as it tries to ease the strain on the country’s power supply, despite knowing the promise of crypto as a way to evade international sanctions. Electricity to all 118 government-authorized mining operators in Iran will be
Telegram has amassed over 700 million monthly active users and is rolling out a premium tier with additional features as the instant messaging platform pushes to monetize a portion of its large user base. The firm did not disclose how much it is charging for the premium tier, but the monthly subscription appears to be
It’s been a rough week for the crypto community as top tokens have seen massive selloffs, pushing some in the space to double down while leaving others to take stock off how the industry got to this point and what widely accepted truths need to be re-evaluated as the crypto internet matures. There haven’t been
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
Thanks in no small part to the fossil-fueled cult of obstructionism, we’re on track to blow past the 1.5 degrees Celsius global-warming threshold laid out in the 2016 Paris Agreement. Without sweeping change, we can expect “more melting ice, higher sea levels, more heatwaves and other extreme weather,” per the World Meteorological Organization. And that’ll
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
As several Apple stores across the country fight to unionize, workers in Towson, Maryland became the first to win formal recognition. Out of 110 eligible employees, the union received 65 yes votes and 33 no votes. This historic victory comes after concentrated efforts from Apple to discourage its retail workers from unionizing. Last month, the
Hi all! Welcome back to Week in Review, the newsletter where we recap the most read stories to cross TechCrunch over the last week. Our goal: If you’ve had a busy few days, you should be able to click into this on Saturday, give it a skim, and still have a pretty good idea of
Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on TechCrunch’s newsletter page. crash redux We’ve talked crypto crashes a couple times already in the
Data centers, which drive the apps, websites, and services that billions of people use every day, can be hazardous places for the workers that build and maintain them. Workers sometimes have to service a data center’s electrical equipment while it’s being energized. And they can become exposed to chemicals like chlorine, which is used as
For years, startups addressing the recycling crisis labored in relative anonymity. But for those who have stuck with it — or survived the lean times — investors are now rewarding them with growing support, three founders told me this week at TC Sessions: Climate 2022 in Berkeley. “It’s been very hard to raise in the
Sequoia Capital Partner Michelle Bailhe joins Emily Chang to discuss the crypto winter and why it’s causing companies like Coinbase to cut back on staff. Plus, her advice to crypto founders: embrace reality.
It’s confirmed — Black entrepreneurs saw a dramatic decrease in funding this year as investors continue to pull back. So far, new Crunchbase data shows Black startups received $324 million in VC funds in the second quarter, a steep decrease from the $1.2 billion received in Q1 this year and substantially below the $866 million
Forgive me if I’m over here, in the corner, having vibrant flashbacks to the Commodore 64, my very first computer. Today, Pentaform launches its AbacusBasic, a computer built into a keyboard. It comes with Windows 10 and everything you need to do computer-y things. You still need a monitor, but there are a few solutions
Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some good news: your children can get vaccinated against COVID-19! Back to the bad news: we’re writing another weekly layoffs column, because once again, there’s been
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. There we go, today it’s Friday! We’re planning to spend some quality time with a headset and a collection of amazing TechCrunch podcasts — here’s our roundup of this week’s episodes, enthusiastically
WhatsApp announced this week that it’s rolling out the ability for users to select who from their contact list can see their profile photo, about and “Last seen” status. Prior to the official launch, the new privacy setting was available to select users as part of a limited beta. Up until now, users had three
TechCrunch has learned that Russia search giant Yandex is to switch from using yandex.ru as its main front page for Russian-speaking users to ya.ru — a less trafficked domain it’s owned since 2000 that, historically, has only hosted a basic search engine page. Imagine if Google decided to de-emphasize google.com in favor of a less
Joby Aviation Founder and CEO JoeBen Bevirt joins Bloomberg’s Ed Ludlow at the UP.Summit conference in Arkansas to give the latest manufacturing and regulatory updates on its aircraft, and talk about his vision beyond air ride hailing.
As Elon Musk addressed Twitter employees for the first time in an all-hands Q&A meeting, the Tesla and SpaceX CEO provided some more details about his plans for the social platform. When Musk first announced his bid to buy Twitter for $44 billion, he proposed the idea of “authenticating all humans” on Twitter. As we’re
Huobi Thailand will shut down its exchange permanently on July 1, according to an announcement posted on its website. This marks the exchange’s short-lived ambition in the Southeast Asian country where crypto adoption is flourishing. According to blockchain analysis company Chainalysis, Thailand has one of the world’s highest adoption rates of DeFi, or decentralized financial
Notarize, a startup that offers remote online notarization services, has let go of 110 people – or 25% of its workforce. Doing the math, the seven-year-old, Boston-based company had about 440 employees before the staff reduction. When the COVID-19 pandemic first began, demand for Notarize’s services, dubbed RON for short, skyrocketed as people were confined
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. It’s Fridaa… wait, Thursday? Come on, will this week ever end? Don’t worry, we are all right, just looking forward to our impending vacation mode. — Haje and Christine The TechCrunch Top
Despite developers being deeply involved with tech company product launches and software upgrades, most company executives have very little insight into how these teams actually do their work or how their productivity could be improved. DX thinks it has cracked the code. Back in early 2020, DX co-founder Abi Noda was working as a product
Last year, a small group of Emory University graduate students at Goizueta Business School in Georgia began to examine the challenge of getting Black and other historically underrepresented founders access to capital. One way to do that, they reckoned, was to raise a generation of investors who would pay more attention to these groups. The
Brad Feld, a venture capitalist of 25 years an author of several books, has just republished a book that first came out in 2013 and to which Feld, with the help of coauthors Matt Blumberg and Mahendra Ramsinghani, has added quite a bit for this new, second edition. Called Startup Boards:A Field Guide to Building
Kenya-based Crossboundary Energy Access (CBEA), a mini-grid infrastructure fund, has raised $25 million from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund to back renewable energy projects across the continent. The CBEA, a subsidiary of the investment group Crossboundary, said in a statement that the new funding will unlock an
Arian Simone sat poised center stage at the Embrace Action Summit to share words that many entrepreneurs in the audience understood far too well. “Women of color are the most founded, entrepreneurial demographic,” she said at the biannual business conference hosted by the Tory Burch Foundation. “They are just the least funded.” Simone is the co-founder