Apple outlines new safety measures as it reopens stores, Huawei responds to new U.S. chip curbs and Jack Ma departs SoftBank’s board of directors. Here’s your Daily Crunch for May 18, 2020. 1. Apple begins reopening some stores with temperature checks and other safeguards in place In mid-March, Apple closed all of its stores outside […]
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re digging into SoftBank’s latest earnings slides. Not only do they contain a wealth of updates and other useful information, but some of them are gosh-darn-freaking hilarious. We all deserve a bit of levity […]
Uber is laying off another 3,000 employees, the Wall Street Journal first reported. Uber is also closing 45 offices, and rethinking its approach in areas like freight and autonomous vehicle technology. “I knew that I had to make a hard decision, not because we are a public company, or to protect or stock price, or […]
European startups are calling for more flexibility in EU state aid rules to allow national governments to provide liquidity for the region’s fledgling digital businesses during the COVID-19 crisis. In a joint letter addressed to Commission EVP Margrethe Vestager, more than a dozen startup associations from across the bloc have called for rules to be […]
There is a flurry of news out of SoftBank this morning, which announced its Fiscal Year 2019 (ending March 31, 2020) financial results overnight. It’s been a bad year for the Vision Fund, with huge losses at WeWork and Uber due to corporate incompetence, intrigue, and of course, COVID-19. But buried a bit in the […]
Despite a handful of devices and years of sales, Facebook has never shared unit sales of any of their VR headsets. Today, Oculus released a new sales figure as the company reaches the 1 year anniversary of the release of the Quest headset. We didn’t get unit sales but the company did share that they’ve […]
A comprehensive study into how startups will work in the future, in the wake of the global COVID-9 pandemic, has been launched by UK non-profit Founders Forum. The initiative comes in the wake of a number of organizations announcing extended offices closures and ‘Work From Home’ policies. The group hopes the COVID-19 Workplace Survey will […]
With a large proportion of knowledge workers doing now doing their jobs from home, the need for tools to help them feel connected to their profession can be as important as tools to, more practically, keep them connected. Today, a company that helps do precisely that is announcing a growth round of funding after seeing […]
A survey of UK angel investors regarding their investment strategies during the COVID-19 pandemic has found that over 65% of angels investors are continuing to invest in startups during Lockdown, but with predominantly new deals. Many are completing more deals and increasing their cheque size by as much as 18%. However, the pandemic has reduced […]
Users are reporting that trading platform Robinhood was down during early morning trading that saw stock markets soar. Robinhood’s status page says all systems are “operational,” but users on Twitter said they could not access the service. A Robinhood spokesperson would not comment on the record but referred TechCrunch to a company tweet. Sorry about […]
Congress will allow remote voting for the first time in its history, after the U.S. House approved Resolution 965 late Friday in response to the coronavirus pandemic. The measure — sponsored by Massachusetts Representative Jim McGovern — authorizes proxy voting by members for renewable periods of 45 days and allows for remote participation in committee […]
My colleagues and I published a couple of different views on the future of “work from home” and remote work last Friday — a story that, if analytics is any sign, really struck a nerve with many of you. That shouldn’t be surprising particularly in the tech industry, where knowledge work fundamentally means we spend […]
Samsung’s in-house incubator C-Lab has produced some of the more fascinating hardware devices in recent memory. Previous graduates have run the gamut from smart belts to augmented reality. The Samsung staff’s pet projects are not always the most practical, but they’re never not interesting. Per usual, the latest batch of graduates from the 9.5-year-old incubator […]
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Good morning and welcome back to TechCrunch’s Equity Monday, a brief jumpstart for your week. A few housekeeping notes. First, the main, long-from Equity episodes still drop every Friday, so if you are behind, check your podcast feed. Also, we’re running a listener survey which you can find here, in the last ep’s shownotes. And finally, […]
Electric, a platform that aims to put IT departments in the cloud, today announced new funding following a continuation of its Series B earlier this year. Dick Costolo and Adam Bain (01 Advisors) and the Slack Fund participated in the $7 million capital infusion. 01 Advisors put up the majority of the financing ($5 million) […]
Argent is launching the first public version of its Ethereum wallet for iOS and Android. The company has been available as a limited beta for a few months with a few thousand users. But it has already raised a seed and a Series A round with notable investors, such as Paradigm, Index Ventures, Creandum and […]
Following the U.S. government’s announcement that would further thwart Huawei’s chip-making capability, the Chinese telecoms equipment giant condemned the new ruling for being “arbitrary and pernicious.” “Huawei categorically opposes the amendments made by the U.S. Department of Commerce to its foreign direct product rule that target Huawei specifically,” said Huawei Monday at its annual analyst […]
Swiggy said on Monday it is cutting 1,100 jobs and scaling down some adjacent businesses as India’s top food delivery startup looks to reduce costs to survive the coronavirus pandemic that has made people cautious about ordering food online. In an internal email, which the Bangalore-headquartered startup published on its blog, Swiggy co-founder and chief […]
Taiwanese Semiconductor Manufacturing Co., the world’s largest contract semiconductor maker, has stopped taking new orders from Huawei Technologies, one of its largest customers, according to the Nikkei Asian Review. The report said the decision was made to comply with new United States export controls, announced last Friday, that are meant to make it more difficult […]
