To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. The day is April 25, 2022. We spent most of the day keeping a close eye on Elon, but it seems (pending details and regulatory foibles), the deed is done. The sparky-space-sausage
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week. Stocks are down, and cryptos not looking too impressive as the world gears up for a packed
Twitter, the platform that once helped fuel The Arab Spring and Occupy Wall Street is now owned by the richest man in the world, and you have to wonder what impact it’s going to have. There are so many open questions about how the company will change under Elon Musk’s leadership. Will he make it
“Feature stores,” with their dreary and opaque moniker, might not sound like the sexiest subject. But they’re an essential part of the AI systems that enterprises — and consumers, for that matter — use every day. That’s why they’re attracting an increasing amount of attention and investment from venture firms, which see the market opportunity
Synthetically generated versions of real people that can be can be programmed to say anything sounds like a scenario from the latest episode of “Black Mirror.” But in fact, production-grade video-based characters based on real people — which can talk about any product or subject at all, in a hyperlifelike manner — are arguably going
A new startup called Skich wants to help mobile users find games to play that better match their interests. To do so, it’s created a game recommendation app that carefully toes the line in order to not bump up against Apple’s App Store rule that prohibits other apps from acting as App Stores themselves. Instead,
When we talk about early-stage startups, we tend to focus on the internals – and understandably so. It’s easiest to home in on the things you can control: developing products, building a team, finding the right investors. All are important and foundational to developing a startup, of course. But as much as we’d like to
Companies that rode COVID-driven demand for their products during the first years of the pandemic are seeing their fortunes come back to Earth. Whether some of the biggest names in the cohort have a next act is becoming an open question. Even more, could it be that companies that fell out of favor due to
The company formerly known as Facebook is about to have an IRL shop. Meta will open the doors to the Meta Store (almost typed the Meat Store, that’s a very different store — really sort of the opposite) on May 9. The company’s debut shopping experience will be located on the Meta Burlingame campus, home
This has been a long time coming: Google today announced that it is submitting its Istio service mesh project for consideration as an incubating project within the Cloud Native Computing Foundation (CNCF). Google’s Kubernetes has long been the flagship project for the CNCF and the company recently also brought Knative, a project that aims to
Even in markets where credit card penetration is high, shopping cart abandonment is still a major source of concern for online vendors. Now imagine the situation in Southeast Asia, where many countries have scores of e-wallets, buy now pay later services and other forms of payment. Bank transfers are also popular option for online purchases,
The fishing market globally was worth $253 billion in 2021, and despite the controversy that swirls around the industry, that figure continues to grow. Today a startup that has built a platform to make the business of fishing more efficient — and thus the process overall more traceable and less prone to waste — is
It’s typical on TechCrunch Live for founders to talk about fundraising while flipping through their last pitch deck. But Deel CEO Alex Bouaziz didn’t have a pitch deck to share. That’s because Deel raised a total of $629 million without one. Rather, Andreessen Horowitz partner Anish Acharya pitched Deel to let a16z lead the company’s
Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me riff on all things startups! And if you want to have this hit your inbox directly once it officially turns into a newsletter on May 1, sign up here.
It’s been a wild month of news for the social network that we collectively love to hate. In early April, Elon Musk took a bite out of Twitter, coming away with 9.2% of the company and plans to exercise his influence over the company through its board. After that he backed out of his planned
The venture capital market is slowing down, which means early-stage founders are chasing a smaller pool of money. According to Carta, the number of seed deals funded between Q4 2021 and Q1 2022 fell 41%, and dollar volume followed suit, dropping from $2.62 billion to $1.81 billion, a 31% decline. In this environment, teams that
Instagram is testing Templates, a new feature that will allow Reels creators to use the same format as other videos, according to Business Insider. The feature is currently only available to a small group of creators and is in beta testing. It’s similar to TikTok’s Templates, which allows users to plug in their own photos
Advertising, particularly online advertising, isn’t a surefire way to bolster business. A report from ecommerce analytics platform Glew drives the point home: In 2015, 75% of retailers that spent at least $5,000 on Facebook ads ended up losing money on those ads, with the average return on investment landing around -66.7%. Obviously, that’s just one
Twitter has been spotted working on a feature that would allow users to set a status on their profiles and tweets. According to reverse engineer Jane Manchun Wong, who searches the code of mobile apps to spot features and upcoming changes in development, the social media giant is working on a “set a status” feature
When people think of NFTs, the first use case most of them likely think of is visual art. From Beeple’s $69 million sale of a digital collage at Christie’s to the Bored Apes Yacht Club collection, visual art has seemed to be most prominent use case for NFTs due to close similarities with traditional fine
Prior to launching Dassana, CEO and co-founder Gaurav Kumar was involved in a fair number of startups. His most recent one prior to Dassana was RedLock, a cloud security company he sold to Palo Alto Networks for $173 million in 2018. He said that everywhere he went, he used logging software and it almost invariably
In the small hours local time, European Union lawmakers secured a provisional deal on a landmark update to rules for digital services operating in the region — grabbing political agreement after a final late night/early morning of compromise talks on the detail of what is a major retooling of the bloc’s existing ecommerce rulebook. The
Twitter announced today that it’s beginning to test a “CC” button that will let users turn video captions on or off. The feature is rolling out to some iOS users and will be coming to Android users soon, Twitter notes. A video posted by the social media shows that the CC button will appear in
Bitso, a Mexico City-based crypto exchange, is pledging to buy carbon offsets for every bitcoin transaction on its platform to compensate for the cryptocurrency’s environmental toll. It may sound great in theory, but the idea also deserves a heaping dose of skepticism, given the sketchy reputation carbon offset efforts have earned over the years. Bitcoin’s
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Earth Day, also known as April 22, 2022, and we are beyond grateful that the sun sets on another week. We love our TechCrunch Live events, but we realize we don’t
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week was a good week because we had the full team back together. Natasha Mascarenhas was on hand, Mary Ann Azevedo was on the mic, and Alex Wilhelm was around as well.
The internet is full of mysteries. Who really wrote “My Immortal,” and was it supposed to be a satire? Who is behind the group of hackers known as Anonymous? And why can’t Elon Musk just log off? But a new question arose about two and a half months ago, when writer and reverse engineer Steve
A multi-year, $100 million Xprize competition for startups trying to remove or reverse carbon emissions has its first crop of big winners. Though the bulk of this Musk money won’t be given away until 2025, these 15 companies are each getting $1M today to keep the lights on til then. The Carbon Removal Xprize, funded
Jarvis ML, a platform offering an AI-powered personalization engine to brands selling products, services and experiences, today announced that it raised $16 million in a seed round led by Dell Technologies Capital. In an interview with TechCrunch, CEO Rakesh Yadav said that the new capital will be used to grow Jarvis ML’s R&D and sales
A new report has peeled back the curtain on big tech’s frenzied lobbying of European Union lawmakers as they finalize a major series of updates to the bloc’s digital rulebook. It reveals some of the arguments used by tech giants including Apple, Amazon, Google, Meta (Facebook) and Spotify to press their interests behind the scenes