Roblox, the child-friendly gaming company, filed to go public today. Its listing comes one day after the lending company Affirm initiated its own public offering and a mere two days after Airbnb’s filing. Roblox filed confidentially to go public in mid-October, but its numbers were unreleased until today when it published its S-1 document. The company […]
HuffPost has a new owner, Facebook says its misinformation-fighting AI is getting smarter and Affirm files to go public. This is your Daily Crunch for November 19, 2020. The big story: Verizon sells HuffPost to BuzzFeed TechCrunch’s parent company Verizon Media has sold HuffPost. This is part of a larger deal that also includes an […]
When the music’s over, turn out the lights. Back in the day, The Doors were one of a number of 60s rock groups to surface around the intersection of blues, R&B, and a cultural shift that challenged our notions of who was in charge. The Doors were a four-piece that sounded like something bigger. The […]
Amazon has confirmed an early Financial Times report outlining layoffs at the retail giant’s Prime Air drone delivery program. “As part of our regular business operations, we are reorganizing one small team within our larger Prime Air organization to allow us to best align with the needs of our customers and the business,” spokesperson Kristen […]
The famous Arecibo radio telescope in Puerto Rico, which has provided an invaluable service to scientists for 57 years as well as establishing itself in popular culture, will be dismantled after it incurred irreparable damage in recent months. The enormous observatory was completed in 1963 and immediately established itself as a powerful tool for astronomers […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week wound up being incredibly busy. What else, with a week that included both the Airbnb and Affirm IPO filings, a host of mega-rounds for new unicorns, some fascinating smaller funding events and some […]
The coronavirus has displaced millions of workers across the country. In order to recover, companies must focus on re-skilling their workforces in a measured and sustainable way. However, training and recruitment can cost hundreds of thousands of dollars for companies, a heavy investment that is hard to explain during volatile times. To Bharani Rajakumar, the […]
Since Chrome came out back in 2008, it’s been a constant companion in my life. In fact, Chrome’s launch is how I helped get the startup I worked for at the time onto TechCrunch for the first time. We did shots to celebrate. Chrome rocked, and we were Day One Fans. But over time what […]
Facebook has today filed another lawsuit against a company acting in violations of its terms of service. In this case, the company has sued Ensar Sahinturk, a Turkish national who operated a network of Instagram clone sites, according to court filings. Facebook says Sahinturk used automation software to scrape Instagram users’ public profiles, photos and […]
Lime is launching its fourth-generation scooter in Paris this week, an example the company says of its financial turnaround and commitment to growth. But the product rollout isn’t over. Lime CEO Wayne Ting hinted Thursday during the WSJ Future of Everything event that a “third mode,” beyond bikes and scooters, is also in the works […]
Byron Deeter is not backing down from his optimism about the cloud and the end of the COVID-19-induced wave of software buying doesn’t have him too worried. Of course, Deeter is an investor at Bessemer, a venture capital concern that has done well betting on the cloud, so you might expect him to stay a […]
In a deal that has potentially big implications for the sustainability of consumer packaged goods, biomaterial manufacturing technology developer Genomatica and the massive nylon material manufacturer Aquafil have partnered on a new demonstration scale facility. Nylon-6 is used to make everything from toothbrush bristles to pantyhose and industrial materials like carpeting and other heavy-duty fabrics. […]
HuffPost has a new owner, with its current parent company Verizon Media reaching an agreement to sell the site to BuzzFeed. The Wall Street Journal broke the news and described this as a stock deal. Verizon Media is also making an investment in BuzzFeed and becoming a minority shareholder in the digital media company. The deal […]
Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow positive and free cash flow positive in the third quarter — a first — […]
Facebook’s battle against misinformation will never be over at this rate, but that doesn’t mean the company has given up. On the contrary it is only by dint of constant improvement to its automated systems that it is able to keep itself even remotely free of hate speech and misinformation. CTO Mike Schroepfer touted the […]
President-elect Joe Biden may have spent eight years in an administration that doted on the tech industry, but that long honeymoon, punctuated by four years of Trump, looks to be over. Tech is on notice in 2020. The Russian interference saga of the 2016 election opened the floodgates for social media’s ills. The subsequent years […]
Astra is set to launch it’s next orbital rocket, with a window that opens on December 7 and lasts for 12 days following, until December 18, with an 11 AM to 2:30 PM PT block each day during which the launch could occur, depending on weather and conditions on the ground. This is the startup’s […]
General Motors said it will spend $27 billion over the next five years on the development of electric vehicles and automated technology, a 35% increase that exceeds the automaker’s investment in gas and diesel and is an effort to bring products to market faster. More than half of GM’s capital spending and product development team […]
Apple and Verizon today announced a new partnership that will make it easier for their business partners to go all-in on 5G. Fleet Swap, as the program is called, allows businesses to trade in their entire fleet of smartphones — no matter whether they are currently a Verizon customer or not — and move to […]
Advertising drives the modern digital economy. Whether it’s reading news sites like this one or perusing your social media feeds, advertising is the single most important industry that came out of the development of the web. Yet, for all the tens of billions of dollars poured into online advertising just in the United States alone, […]
