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Aug 12, 3:00AM
Benchmark is sueing Travis Kalanick, SoundCloud gets a cash infusion and Facebook buys Fayteq. All this on Crunch Report.
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Aug 12, 12:59AM
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The comment period for the FCC’s proposal to roll back the net neutrality rules established in 2015 was originally August 16 — next Wednesday. But after advocacy organizations asked the agency to add time to the clock in order to look through existing comments, the deadline has been extended (against the strenuous arguments of the broadband industry) by two weeks, to August 30.
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Aug 11, 11:58PM
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The Uber saga continues, and the board of directors has weighed in on the brewing battle between early investor Benchmark and former CEO Travis Kalanick. In wake of a lawsuit filed by Benchmark against Kalanick, the company’s board has issued a statement urging both parties to resolve their differences so that employees can get back to work and the company can get back to hiring a new CEO.
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Aug 11, 8:39PM
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A wise man once said “The hat mighta had a L V on the back but at the swap meet that ain’t jack,” and now researchers can ensure that the Louis Vuitton or Prada or Coach you bought is the real deal. The system, which essentially learns the difference between real and fake products over time, uses a small microscope connected to a phone. “The underlying principle of…
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Aug 11, 8:20PM
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Snap, the Snapchat parent, has had a very difficult ride in the stock market since debuting in March. After pricing its IPO at $17 and then reaching highs of $27, the company has fallen to less than half that. After losing 14 percent of its value in a single day’s trading, Snap closed Friday at $11.83.
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Aug 11, 8:18PM
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The Libreboot T400 doesn’t look like much. It’s basically a refurbished Lenovo Thinkpad with the traditional Lenovo/IBM pointer nubbin and a small touchpad. It’s a plain black laptop, as familiar as any luggable assigned to a cubicle warrior on the road. But, under the hood, you have a machine that fights for freedom. The T400 runs Libreboot, a free and open BIOS and the…
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Aug 11, 8:04PM
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Snap took a beating yesterday in its Q2 earnings, but in the midst of the disappointing financials and user growth numbers, the company’s 10-Q SEC document filed today also confirms that it purchased social maps app Zenly for $213 million, as TechCrunch first reported. After Snapchat rolled out its location-sharing Snap Map feature in June, many were quick to point out the interface…
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Aug 11, 7:52PM
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Machine learning techniques excel at doing a good-enough job quickly in situations where there’s lots of data to grind through. It turns out that’s a great fit for backlogs of plant samples at herbariums and other repositories around the world, which have millions of the things waiting to be digitized and identified — including some that may be new to science.
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Aug 11, 7:01PM
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U.S. Secretary of Defense James Mattis is concluding his tech tour of the West Coast today with a visit to Google’s Mountain View campus. Mattis spent time at Amazon and the Defense Innovation Unit Experimental, earlier in the week. His key takeaway from all the socializing with tech leaders is that the Department of Defense needs to embrace technology coming out of the private sector…
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Aug 11, 6:48PM
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In what is rapidly devolving into an all-out brawl on the board of the world’s highest-valued private company, a group of Uber shareholders have asked the venture capital firm Benchmark to step down from the board of directors. This move comes only a day after Benchmark took the aggressive step of filing suit against Uber’s former CEO Travis Kalanick.
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Aug 11, 6:01PM
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Facebook has acquired a German company called Fayteq that builds software add-ons for video editing that can remove and add whole objects from captured video using computer vision. The acquisition was first reported by a German startup publication (via Variety) and confirmed to TechCrunch, and could be useful as Facebook pursues additional video filter creation technology, both for its live…
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Aug 11, 6:01PM
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Y Combinator backed Plasticity is tackling the problem of getting software systems to better understand text, using deep learning models trained to understand what they’re reading on Wikipedia articles — and offering an API for developers to enhance their own interfaces.
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Aug 11, 5:30PM
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From Uber’s former CEO Travis Kalanick getting sued by his company’s lynchpin investors at Benchmark to Google’s struggles with a recently fired employee over a gender diversity screed that went viral, it’s been a wild week in tech. Meanwhile, Snap and Blue Apron both reported disappointing earnings — something we discuss in this week’s episode of the…
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Aug 11, 5:20PM
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Esports is becoming a true spectator sport, but will the average Joe one day care about competitive League of Legends or Overwatch or Counter-Sstrike the way they care about watching football on Sundays? A number of factors are at play for esports to garner the same level of popularity as mainstream sports like football, baseball, basketball and fútbol everywhere but the U.S., some of which…
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Aug 11, 5:05PM
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Hey startups! Disrupt San Francisco (September 18-20) is just a few weeks away and registration is open for startups looking to showcase their product or company to thousands of people on the Disrupt floor.
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Aug 11, 4:59PM
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The company launched a Kickstarter last year with the promise of “streaming music without your phone,” delivering the still-tangible benefits of devoted music hardware for the Spotify generation. The startup built up enough excitement to hit $300k on the crowdfunding site, and the recent end of the iPod shuffle and nano have only furthered that interest among consumers. CEO…
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Aug 11, 4:39PM
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Netflix is still in active talks with Marvel over potentially retaining streaming rights to Marvel and Star Wars movies after 2019, which is the date Disney has set for when it’ll remove Disney and Pixar movies from the subscription service in favor of its own in-house Disney streaming offering. We already knew the fate of Disney’s Marvel co-production TV shows, including…
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Aug 11, 3:50PM
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SoundCloud has just closed the necessary funding round to keep the struggling music service afloat. CEO Alex Ljung will step aside though remain chairman as former Vimeo CEO Kerry Trainor replaces him. Mike Weissman will become COO as SoundCloud co-founder and CTO Eric Wahlforss stays as chief product officer.
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Aug 11, 3:50PM
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Yesterday, Benchmark, the powerful venture firm and a major Uber shareholder, filed a lawsuit against the company’s recently ousted CEO Travis Kalanick in a remarkable move. The suit seeks to remove Kalanick from the board, while eliminating three additional board positions that it says Kalanick sought (and won) approval for last year, partly by withholding crucial information from…
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Aug 11, 3:03PM
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Sleeperbot, which has raised about $2M in seed funding from Birchmere VC and Expa, and boasts hundreds of thousands of users, calls itself Slack for sports. It’s essentially an app (and website) that lets sports fans have conversations around different subjects they’re passionate about. These discussions happen in channels – some of which are created by the company and are…
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