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. Reporter’s note: Before we get into this, thank you to the Startups Weekly readers who pointed out that last week’s link to my column was
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A dozen years ago, Groupon shot to fame popularizing the online group buying format, confidently rejecting a $6 billion acquisition offer from Google and instead going public with a $17.8 billion market cap. The company today says it has 14 million active users, but almost consistently for the last decade, its financial position has been
Some of the biggest Indian startups are taking a haircut in their valuations — at least in the eyes of their investors — as some backers adjust their estimates amid the weakening global economy. BlackRock has cut the valuation of Byju’s, which is India’s most valuable startup at $22 billion, to nearly half at $11.5
Coffee nerds love the ceremony of making a good cup of coffee, but once you get advanced enough, things get really complex really fast. Making high-end pour-over coffee is a fine dance of grinding, pouring, temperature and patience, and it turns out that a lot of us just cannot be bothered with learning enough (or
No, it’s not an April Fools’ joke: OpenAI has started geoblocking access to its generative AI chatbot, ChatGPT, in Italy. The move follows an order by the local data protection authority Friday that it must stop processing Italians’ data for the ChatGPT service. In a statement which appears online to users with an Italian IP
Roku is the latest tech company to announce a second round of layoffs with today’s news that it’s letting go of 6% of its workforce, or around 200 employees. The company disclosed the cuts in an SEC filing, explaining that the decision is part of a larger plan to lower its year-over-year operating expense growth
These are the top 3 goals for Lyft’s new CEO David Risher- if you have a complaint – you can email him! 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 in tech from Silicon Valley and around the
When you play a game, how do you play it? Monopoly or Settlers of Catan around the dining table? Mario Kart on your Nintendo Switch? Assassin’s Creed on your Xbox? Among Us on your phone? Usually, they are games with a physical form, a console or an app. Artie is gearing up to shake up
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. Fri-yay Crunch! We are pretty excited about Disrupt 2023 getting a whole stage dedicated to fintech. And while we’re talking about events…There’s just a few hours left to save $200 on TC
The lower chamber of the French parliament, the National Assembly, passed a cross-party bill that aims to introduce some new requirements for social media influencers. This is a preliminary vote as the bill will move to the Senate, but there’s a high probably that it will be adopted in a few weeks as all the
Hulu is slowly rolling out a new interface on streaming devices like Fire TV, Apple TV and Roku, among other compatible devices. The new redesign moves the navigation to the left side with options for TV, Movies and My Stuff. The company confirmed to TechCrunch that the updated interface began rolling yesterday. It will be
The expense involved in recruiting, training and onboarding a new employee who turns out to be a poor fit could be equivalent to 50% of that person’s first-year salary. According to Anastasiia Kuzmenko, head of talent acquisition at Flyer One Ventures, “the biggest difference between hiring in a healthy economy and hiring now is that
Emad Mostaque, the CEO and founder of open source platform Stability AI, hinted at plans to go public in the next few years, during the Cerebral Valley AI Conference in San Francisco on Thursday. He also shut down the idea that Stability AI, an OpenAI rival and leader in the generative artificial intelligence space, will
We’re an impatient bunch here at TechCrunch+, so while we await tidied quarterly venture reports from major startup databases, we’re also running our own queries to get early looks at the state of the fundraising world. As it’s the last day of the first quarter, we’re too antsy to wait any longer to see what’s
Netflix is restructuring its film units and vowing to make fewer but better movies, according to a new report from Bloomberg, which Netflix partially confirmed. The report said the streaming giant is combining film units that produce small and midsize films, resulting in a handful of layoffs, including two longtime executives. Netflix told TechCrunch that
Anastasiia Kuzmenko Contributor Anastasiia Kuzmenko is the head of talent acquisition at Flyer One Ventures, a CEE-focused international investment firm. Navigating the current economic storm, startup founders have to focus on the key resource for their early-stage startup to survive and grow — the people. The biggest difference, however, between hiring in a healthy economy
TechCrunch Early Stage is less than three weeks away from kicking off on April 20 in the Hub of the Universe – Boston. That’s just one of Boston’s nicknames. Who knew? But listen up, because in less than 24 hours you’ll miss out on saving some big-time cash if you don’t take advantage of our
French startup Ledger has added more money to its Series C funding round. The company designs and manufactures so-called hardware wallets to secure crypto assets. In 2021, the company raised €356 million ($385 million at today’s exchange rate). And the company is adding another €100 million ($108 million) in new funding. This is an extension
Reliance’s Jio, having aggressively recruited talent from Disney’s Hotstar, is placing a substantial wager on IPL in a bid to win a large slice of India’s streaming market. Manish Singh 7 hours Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at
Apple CEO Tim Cook met China’s Minister of Commerce – coming at a time of heightened tensions between Washington and Beijing. The US company relies on China for about 20% of overall sales and Apple’s most important products are still made mostly in China. Bloomberg Technology’s Mark Gurman explains. ——– Like this video? Subscribe to
Back in February, Northspyre announced it had raised $25 million to bring costs under control for big building projects. (TechCrunch’s Mary Ann Azevedo mentioned the fundraise in her fintech newsletter.) It’s a huge industry with powerful potential — so how does a company like that tell the story of what it’s building? We’re lucky enough
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. Thursdaaaaaaaaaaaaaaaaaaay! It’s one of our favorite days of the week. Definitely in the top 7. — Christine and Haje The TechCrunch Top 3 Crypto wallet in disguise: Ledger, a company that designs
Stripe competitor Checkout.com announced last month that Céline Dufétel was appointed as its new president. She had previously served as the London-based fintech startup’s CFO and COO for about 18 months before her promotion. In her expanded role, which still includes serving as the company’s COO, Dufétel oversees all operational and go-to-market teams, including finance
Netflix is adapting the “Scott Pilgrim” comic books into an anime series, which is exciting in its own right, but fans of the movie “Scott Pilgrim vs. The World” are in for a treat. The entire cast of the 2010 live action hit will return to reprise their roles as voice actors, including Michael Cera
Following the hype train isn’t always a bad thing Rebecca Szkutak 9 hours Being an artificial intelligence company has become the soup du jour of startup land. Companies are scrambling to either incorporate AI into their existing business model or change up their marketing so whatever they were already quietly using AI to do is
TechCrunch Disrupt, the premier event for startup investors and founders, is coming back in 2023 with an enhanced new format. This year, we’re rethinking TC Sessions, the standalone industry events series, and merging them into the big annual tech event – which will once again this year be held at the Moscone Center in San
Investors just pumped millions into Irrigreen, a startup vying to quench America’s thirsty lawns with “approximately 50% less water.” Seed investor Ulu led the $15 million funding round. Two tech investors that are focused on water conservation — Burnt Island and Echo River — also chipped in, among a handful of others. The San Francisco–based
After major privacy enforcement finally hit Meta’s tracking ads business in Europe earlier this year, the tech giant has confirmed it will be changing the legal basis it claims for microtargeting users in the region. It’s still not going to ask people for their up-front consent to its data-fuelled behavioral advertising. But it will have to
When Netflix launched its ad-supported plan four months ago, there were a few devices that the plan didn’t support—Apple TV being one of them. Starting this week, the cheaper tier is available in the Netflix tvOS app. A Reddit user that goes by websgeisti noticed the update yesterday. The user noted that Netflix’s Basic with
It’s estimated that over $400 billion are spent annually to run customer contact centers around the world. To cut costs, in recent years, contact centers have embraced AI and automation; research from The Harris Poll indicates that 46% of customer interactions were already automated as of 2021. That’s good news for the vendors selling contact
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