News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had run into regulatory issues with the Chinese government. Ant was spun […]
Hulu is bringing its Watch Party social viewing feature to its livestreamed election news coverage, provided via its existing partnership with ABC News Live. The company announced today it will allow its on-demand customers to test Watch Party while watching ABC’s “Election 2020” coverage via the Hulu.com website. The new co-viewing feature lets Hulu users […]
When Quibi announced it was shutting its doors recently after raising $1.75 billion, it begged an obvious question: If the original idea didn’t work, why not adjust its model or do something completely different while it still had capital? It wouldn’t have been the first company to decide to shift gears. Perhaps because of the […]
NBC News has updated its iOS app with a new feature that brings election news, data and results directly to your iPhone or iPad home screen. With the app’s new “Decision 2020” iOS 14 widget, you can customize a series of widgets with information related to early voting stats, polls, as well as the current […]
Tech stocks shot higher as American voters went to the polls, the gains coming far ahead of results that could indicate who will win the presidency. American stocks broadly rose, with the S&P 500 index closing up 1.78% to 3,369.11 — one of the best Election Day closes for the S&P — while the tech-heavy […]
“If it smells, that’s how they’re going to receive it.” While that claim would likely make most D2C founders cringe, for founder Chris Alston, it’s part of the magic of his company, Mov. The upstart, based in Los Angeles, connects fans to the game-worn apparel of their favorite athletes through a sweepstakes-style model. And in […]
PayPal this week laid out its vision for the future of its digital wallet platform and its PayPal and Venmo apps. During its third-quarter earnings call on Monday, the company said it plans to roll out substantial changes to its mobile apps over the next year to integrate a range of new features, including enhanced […]
Do you find the expression “the sky’s the limit” well, limiting? Join a global community of brilliant visionaries, makers and investors on December 16-17 for TC Sessions: Space 2020, an online conference dedicated to moving beyond the confines of this world through innovative tech and to creating stellar startup opportunities. Speaking of a stellar opportunity, […]
Online education tools continue to see a surge of interest boosted by major changes in work and learning practices in the midst of a global health pandemic. And today, one of the early pioneers of the medium is announcing some funding as it tips into profitability on the back of a pivot to enterprise services, […]
Fintech has been a key startup story in recent quarters, with leading players in the genre raising titanic rounds at eye-popping valuations. Consider companies like Robinhood, and its epic capital run this year on the back of huge revenue growth, or Chime, which also raised huge sums while riding a tailwind provided by the savings […]
The Shanghai stock exchange announced postponing Ant Group’s colossal initial public offering, a day after Chinese regulators weighed a slew of new fintech rules and summoned Jack Ma and other top executives to a closed-door meeting. The rare talk between China’s top financial regulators and Ant, which revealed “major changes in the fintech regulatory environment,” […]
ZenGo, a mobile app to manage your cryptocurrencies, is about to launch a Visa debit card in the U.S. This isn’t the first crypto-powered debit card — Coinbase announced a U.S. expansion for its debit card just last week. But ZenGo is a non-custodial wallet, which means that you’re in control of your crypto assets. When […]
It’s too soon to know who will win the U.S. election tomorrow. Tomorrow may even be too soon to know who wins the election. But it’s always a good time to talk with investors about how they’re thinking about the future, and some can’t help but ponder the possibilities if Joe Biden wins the race. […]
In an election eve preview of what to expect in the coming days, President Trump pushed the limits on Twitter’s election-specific policies Monday night. In a tweet, Trump railed against the Supreme Court’s decision to allow Pennsylvania officials to count ballots postmarked by Election Day. The Republican Party has waged a brazen legal onslaught against […]
It seems like SoftBank and the Mubadala Corp. aren’t finished taking big swings at the commercial real estate business in the U.S. Even after the collapse of WeWork, the investors are doubling down on a similar business model as part of a syndicate investing $700 million into REEF Technology. REEF began its life as Miami-based […]
With one day to go to the election, our thoughts are with those who look forward to talking about something else. Difficult as it might be to imagine, there must be other things to work on. One thing that comes to mind is the impact of the virus on how we manage our days and […]
Indonesia’s logistics industry is very fragmented, with several large providers operating alongside thousands of smaller companies. This means shippers often have to work with a variety of carriers, driving up costs and making supply chains harder to manage. Logisly, a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” announced today it has […]
Robotics and automation startups have seen a strong uptick in interest over the course of the pandemic. And it’s easy to see which companies have a newfound interest in automating their workforce amid a seemingly endless virus-driven shutdown. But Walmart, which has long promised to take an increasing focus on such technology, has reportedly pulled […]
Apple is closing out the year with another big event, Twitter details its plans to fight election-related misinformation and WeWork employees used an embarrassingly insecure printer password. This is your Daily Crunch for November 2, 2020. The big story: Apple announces its next big event Yes, almost everyone’s attention is locked onto tomorrow’s U.S. presidential […]
AWS today announced the launch of its newest GPU-equipped instances. Dubbed P4d, these new instances are launching a decade after AWS launched its first set of Cluster GPU instances. This new generation is powered by Intel Cascade Lake processors and eight of Nvidia’s A100 Tensor Core GPUs. These instances, AWS promises, offer up to 2.5x […]
