Fresh off of its success on Election Day, Uber is signaling that it will continue to push laws similar to the Proposition 22 measure approved by California voters that will keep gig workers classified as independent contractors. The ride-hailing company’s ambitions for laws that preserve its business model are global. Uber CEO Dara Khosrowshahi said […]
The DOJ challenges Visa’s acquisition of a fintech startup, Apple releases the latest version of iOS and goPuff acquires an iconic alcohol retailer. This is your Daily Crunch for November 5, 2020. The big story: DOJ files suit to stop Plaid acquisition The Department of Justice is challenging Visa’s $5.3 billion acquisition of financial services […]
The various iterations of the new iPhone were announced 800 million years ago. Actually, wait, I just double checked — it was only about two or so weeks ago, but it turns out that time has no meaning anymore. Another cursory glance at my calendar tells me that, while the iPhone 12 and iPhone 12 […]
Florida is renowned for its strange news stories. In recent weeks alone, one resident reported an alligator in her garage that turned out to be a pool floatie; another discovered a python in her washing machine; and a horse needed to be pulled out of a septic tank by firefighters. Still, don’t dismiss Orlando residents […]
Despite surging delivery demand, Uber’s third-quarter ultimately failed to meet investor revenue expectations in the third quarter. Uber reported gross bookings of $14.7 billion in the period, a decline of 10% compared to the year-ago quarter. That level of platform spend generated revenue of $3.1 billion for the company, down 18% from a year-ago result. […]
Bentley Motors, the ultra luxury automaker under VW Group, will only produce plug-in hybrid and all-electric cars starting in 2026 with an aim to drop all combustion engines in the next decade. The company said Thursday its entire lineup will be all-electric by 2030. That plan, known as Beyond 100, is already underway with the […]
Vimeo has raised $150 million in new equity funding, announced in conjunction with the third quarter earnings of its parent company IAC. In a letter to shareholders, IAC CEO Joey Levin said the company has “begun contemplating spinning Vimeo off to our shareholders.” “Given Vimeo’s success, and investor adulation for the Software-as-a-Service (SaaS) category generally, […]
Facebook has taken down a group that had amassed more than 300,000 members and was sharing misinformation and organizing around false allegations of impropriety during the 2020 elections. The group, called “Stop the Steal 2020,” was organizing protests targeting the election officials currently counting ballots cast in Michigan, Pennsylvania, Phoenix and Las Vegas. “In line […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. What a week from us here in the United States, where the election is still being tabulated and precisely zero people are stressed at all. But, no matter what, the wheels of Equity spin on, […]
A series of tweets by one Miami University student that were critical of a proctoring software company have been hidden by Twitter after the company filed a copyright takedown notice. Erik Johnson, a student who works as a security researcher on the side, posted a lengthy tweet thread in early September about Proctorio, an Arizona-based […]
As social media platforms struggle to get U.S. election misinformation under control with varying degrees of success, TikTok has taken new actions to stop people from searching and browsing select hashtags associated with misinformation and conspiracies related to the U.S. election results. The video app has redirected some hashtags — including #RiggedElection, #SharpieGate and others […]
ByteDance, the company behind the social media sensation TikTok, is in talks to raise another $2 billion before the initial public offering of a large chunk of its international businesses on the Hong Kong StockExchange, according to a Bloomberg report. The new financing would give the Chinese tech powerhouse a valuation of $180 billion, according […]
Facebook today began to block select hashtags that were being used to share misinformation related to the 2020 U.S. presidential election. Now, searches for the hashtags #sharpiegate are being blocked on the social network. Another election conspiracy hashtag #stopthesteal is also blocked on Facebook, with a note saying some of its content goes against the […]
A lot of the past decade in smart home gadgets has been figuring out just how smart we actually want our appliances to be. In a lot of cases when it comes to cooking, the old ways are best, and smart features tend to just complicate things. The new Revolution Cooking R180 High-Speed Smart Toaster […]
Rocket Lab is set to complete a crucial test for its rocket reusability program during its next mission, which is currently set to take place sometime in mid-November, with a launch widow that opens on November 16. This is a bit of a surprise, because the launch company said that it would be doing this […]
While the world awaits the Airbnb IPO filing that could come as early as next week, Upstart dropped its own S-1 filing. The fintech startup facilitates loans between consumers and partner banks, an operation that attracted around $144 million in capital prior to its IPO. First Round Capital, Khosla Ventures, Third Point Ventures, Rakuten and […]
No-code is the name of the game in enterprise software, and today a startup called Ushur that has built a platform for any business to create its own AI-based customer communication flows with no coding required is announcing some funding to help fuel its growth. The startup has picked up $25 million in a Series […]
GoPuff is making a big acquisition less than a month after it announced a $380 million round that valued the Philadelphia-headquartered delivery startup at $3.9 billion. Bloomberg’s Katie Roof reported today that goPuff was in talks to buy alcoholic beverage chain BevMo, and goPuff just put out a press release confirming that it has reached an acquisition […]
Let’s get this out of the way: The Aeron is better. But not much, and that’s the story here. The tCentric Hybrid starts at $900 and offers serious comfort and support for the tireless worker. There are endless adjustment levers, knobs and options. The chair is available for ordering with a bevy of accessories and […]
