Stitch Fix has filed confidentially for an initial public offering, setting itself up for another big test for the IPO market in the near future. This marks the beginning of the official beginning of the process ahead of the S-1 filing where the company will formally disclose its financials. Read More
After a quick fight, Apple and Nokia settled a patent lawsuit back in May. But the two companies didn’t comment on the value of this settlement. While terms of the deal are still undisclosed, Nokiamob first spotted that Nokia announced that it has received a $2 billion upfront cash payment from Apple (€1.7 billion). This seems like quite a lot of money, but Nokia won’t get $2… Read More
CocuSocial was founded on a simple premise: traditional cooking classes, while fun, are usually way too expensive and intensive. This means that many potential customers may be scared away by thinking they can’t afford a cooking class or it’s going to be geared towards participants with a higher skill set. And this is partially true – classes at places like Sur la Table can… Read More
Twitter might have found an interesting halfway point between charging subscriptions and its traditional advertising revenue model – automatic promoted tweets for a flat $99 monthly fee, which could appeal to power users and brands alike. The service, spotted by Matt Navarra when Twitter emailed him as a past Twitter Ads user, “automatically amplifies your tweets and profile”… Read More
Amazon is again expanding its presence in the fashion industry with this week’s launch of yet another private label brand, The Fix. The new label for Prime members is aimed at women and features shoes and handbags inspired by designer trends, but available at discounted prices. Unlike designer collections, The Fix will release new styles on a monthly – not seasonal – basis.… Read More
The tech industry has become so big that it now plays a much bigger role than just enabling productivity and fostering economic growth. Apple VP of Environment, Policy and Social Initiatives Lisa Jackson knows this perfectly well as she’s responsible for making sure that Apple doesn’t make any compromise in favor of unrestrained growth. That’s why we’re excited to talk… Read More
One in eight people in the US aged 12 years or older has hearing loss in both ears. With any luck, some of this hearing loss will be fixable soon — but not with hearing aids or implants. Scientists think the mix of human genetics and single cell expression profiling has brought us to the point where medicine can help fix hearing. Read More
Mesh Wi-Fi router company Eero wants to provide an easy way for consumers to connect and connect with all the smart devices in their home. As it looks to build more intelligence around how those devices interact, the company has acqui-hired the team behind smart home management app Thington. Read More
Are you sufficiently paranoid? If you’re not, there’s now Sandsifter. This project, just announced at Defcon 2017, tests your x86 processor for hidden instructions and bugs. “Sandsifter has uncovered secret processor instructions from every major vendor; ubiquitous software bugs in disassemblers, assemblers, and emulators; flaws in enterprise hypervisors; and both benign… Read More
Now that all the major cloud players have reported their earnings, we have seen some eye-popping growth numbers, particularly from Microsoft. Yet in spite of that, AWS maintains a significant market share lead, according to the latest analysis from Synergy Research Group, released last night after Amazon reported its earnings.
AWS, the cloud arm of Amazon.com reported a $4.1 billion… Read More
Emerson Collective, the organization founded by Laurene Powell Jobs, has agreed to purchase a majority stake in The Atlantic. In a memo to the staff of The Atlantic, chairman and owner David Bradley writes that he started looking for a buyer when he realized his sons were not interested in owning a media company. (Axios, which was backed by both the Emerson Collective and Bradley, obtained… Read More
Chat fiction apps are among some of the most popular in the App Store, thanks to their highly engaged, largely teenage to young adult fan base who enjoy reading thrilling stories told in the form of text messages. Today, one competitor in this space, Wattpad, is rolling out an upgrade to its chat stories to differentiate its app from others, and further addict its readers. The company is… Read More
Jessica Lessin’s The Information has found success with a focus on cultivating a dedicated, narrow audience willing to pay a premium for quality content, and now it wants to help other young media companies build similar, sustainable subscription-based news organizations. The Information Accelerator begins accepting applications for its first batch of companies today, and the goal will… Read More
If you want to check out the Tesla Model 3 special handover event, where the carmaker will provide its first 30 production vehicles to a group of early buyers (mostly staff), then you’re in luck: It’s happening tonight at 9 PM PT, with a live stream kicking off at 8:45 PM PT. The stream will be carried live on Tesla.com, which is where you can tune in to enjoy the show.… Read More
Update from Executive Producer Henry Pickavet: “We’re aware that Alex inexplicably stopped talking mid-sentence towards the end of the episode. We’re working with him to improve his struggles in the art of conversation.”
Hello and welcome back to Equity, TechCrunch’s running social science experiment concerning the memorization of esoteric numbers and venture… Read More
Most would agree that the worst part of traveling is timing the hotel check in. Either you get off a redeye and have to figure out what to do all day while waiting to check in, or you arrive late at night and waste money paying for a room you didn’t get to use all day. Enter HotelFlex. Part of Y Combinator’s summer 2017 batch, the startup wants to change the way hotels operate… Read More
Expedia is deepening its focus on Southeast Asia after it invested $350 million in Traveloka, an online travel portal based out of Indonesia. A source close to the deal confirmed that the investment values Traveloka at more than $1 billion. That means the startup has joined the likes of Grab, Sea (formerly Garena), Go-Jek and Lazada in the region’s unicorn club. Expedia said it has picked… Read More
Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank… Read More
Falcon Heavy, the high-capacity rocket created by SpaceX designed for bringing very large loads to orbit and beyond, will get its first launch this coming November, according to SpaceX founder and CEO Elon Musk. Musk shared the news on Instagram on Thursday, posting an image of a concept depiction of the rocket’s launch alongside the target date. The Falcon Heavy uses the combined power… Read More
Jeff Bezos becomes the richest man on earth, CEO of Kickstarter is looking to step down this year, Apple is discontinuing the iPod Shuffle and Nano and Cristiano Ronaldo is getting more involved in tech. All this on Crunch Report. Read More
