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Samsung forecasts a strong quarter on the same day its CEO resigns citing "unprecedented crisis"
Oct 13, 3:40AM
This post has been updated to reflect the announcement of Oh-Hyun Kwon’s resignation. Samsung Electronics made two announcements today that contrasted starkly with one another in tone. First, it issued an optimistic third-quarter earnings guidance. Then, a few hours later, it posted a resignation letter from chief executive officer and vice chairman Oh-Hyun Kwon, who said it is time… Read MoreCrunch Report | Bitcoin Passes $5,000
Oct 13, 3:20AM
Bitcoin is now valued at more than $5,000 a coin, DJI releases a new interchangeable lens series for drones, Google gets rid of the Home Mini touch function and Hyperloop One takes on big investment from Virgin and renames to Virgin Hyperloop One. All this on Crunch Report! Read More
Amazon Studios suspends chief Roy Price following harassment allegations
Oct 13, 1:47AM
Roy Price, the head of Amazon Studios, has been suspended after allegations of sexual harassment were leveled at him by Isa Hackett, one of the producers of the company’s first series, The Man in the High Castle. A potentially cozy relationship with disgraced Hollywood power broker Harvey Weinstein may also have contributed to his ouster. Read MoreOmnyway raises $12.75M to connect advertising and mobile commerce
Oct 12, 11:57PM
Omnyway announced today that it has raised $12.75 million in Series A funding. Previously known as OmnyPay, Omnyway has built technology around what it calls “augmented digital commerce” — basically, helping retailers stay connected to consumers through their mobile phone during the in-store shopping process. Read MoreFacebook's ad targeting tools could be a valuable supplement to census data
Oct 12, 11:33PM
Official census forms are an invaluable source for demographic data throughout the country, but for trends that occur on the scale of weeks or months rather than years, they’re a bit lacking. But a new study shows that similar data used by Facebook to target ads could help fill in that blind spot. Read MoreUber product lead Daniel Graf explains Uber's shifted approach to building tech
Oct 12, 11:00PM
Uber’s Head of Product Daniel Graf thinks that the company’s recent problems may end up being good for the ride-hailing provider’s product development in the long term; in some ways, it’s brought collaboration to the fore in a company structure that previously preferred work being done in relatively discrete silos. Read MoreE-reader innovation has stalled
Oct 12, 10:07PM
Next month marks 10 years since the first Kindle debuted. It’s a virtual lifetime in consumer electronics terms, but compared to its mobile brethren, e-readers’ pace of innovation has been glacial. Why has the e-reader stagnated? Read MoreIngredients for Amazon's HQ2 all available in St. Louis
Oct 12, 10:00PM
There’s a whisper-quiet rumor making the rounds that Amazon is looking to establish a second headquarters outside of its initial digs in Seattle. It’s even got a name — HQ2 — and, in reality, Amazon’s announcement was a thunderous roar. The big question is: Where? My unabashedly biased answer: St. Louis. Read MoreHyatt breach exposed customer payment data at 41 hotels
Oct 12, 9:53PM
In a statement, Hyatt said it “has taken steps to strengthen the security of its systems, and customers can feel confident using payment cards at Hyatt hotels worldwide.” Wait, no. That’s from the statement it issued when it was hacked in late 2015. The new statement reads: “we have resolved the issue and implemented additional security measures to strengthen the… Read MoreSouth Park slams Facebook for selling fake news
Oct 12, 8:24PM
“I make money from Facebook for my fake content in order to pay Facebook to promote my fake stories,” said Professor Chaos in one of the most brutal and succinct criticisms of the social network to date. The latest episode of South Park pulled no punches in its take-down of the Facebook fake news scandal. Read MoreAR mystery startup Magic Leap looking to raise as much as $1B in Series D round
Oct 12, 8:18PM
Magic Leap may be raising as much as $1 billion to fund their vision of a future filled with augmented reality glasses. A Delaware filing dated Wednesday was provided to us by CB Insights, confirming that the secretive startup has authorized about $1 billion in new funding. The filing authorizes over 37 million shares of Series D preferred stock at $27 per share. No details on investors yet. Read MoreNew Tesla voluntary recall applies to 11,000 Model X vehicles
Oct 12, 8:12PM
Tesla is taking a “proactive measure” out of an “abundance of caution,” the company says, in handling an issue with a cable used in the adjusting of second-row seating in a small percent of Model X vehicles. The automaker has issued a voluntary recall, which will apply to 11,000 Model X vehicles it would like to inspect — though it believes only 3 percent of… Read MoreCarGurus spikes 72% in auto marketplace IPO
Oct 12, 8:06PM
Used-car marketplace CarGurus spiked more than 72 percent during its first day of trading. The Cambridge, Massachusetts-based company had raised more than $150 million after pricing its IPO at $16. By the end of trading Thursday, shares had gone up more than 72 percent, closing at $27.58. Read MoreWaymo releases its first self-driving 'Safety Report'
Oct 12, 7:59PM
Waymo launched a campaign earlier this week alongside partners, including the National Safety Council, to help explain why it believes that its pursuit of autonomous driving is a means to safer roads. Now it’s releasing its first-ever Safety Report, which offers more detail on the procedures and technology it uses to ensure safety in deploying its autonomous fleet. Read MoreAtomic, a startup studio backed by Peter Thiel, ups its ambitions
Oct 12, 7:50PM
Atomic isn’t a household brand, but Peter Thiel and Marc Andreessen know it fairly intimately. The two billionaire investors, along with the venture firm Felicis Ventures, were among the earliest investors in the four-year-old, San Francisco-based startup studio, which closed its debut fund with $20 million. Now Atomic is looking to raise five times that much capital for its… Read MoreIn-office medical advertising startup Outcome Health reportedly misled advertisers
Oct 12, 7:44PM
Some employees at Outcome Health, which provides advertising for pharmaceutical companies in screens within doctors’ offices, allegedly misled advertisers by charging them for ad placements on more video screens than the company had installed, according to a report by The Wall Street Journal. Read MoreMicrosoft and AWS could be the strangest cloud bedfellows yet
Oct 12, 6:58PM
Hell did not freeze over, but something remarkable has happened: Microsoft and AWS announced they are working on a project together. Project Gluon is an open-source, deep learning project for building, deploying and managing machine learning models. AWS and Microsoft compete in the cloud market, yet here they saw it in their mutual best interest to work together instead of competing. Read MoreGoogle commits $1 billion in grants to train U.S. workers for high-tech jobs
Oct 12, 5:57PM
The nature of work is changing on a global level at a rapid pace. Sure, it’s not the first time work has been dramatically impacted by technology, but the growth of automation, robotics, AI and the like have the potential to displace jobs at an unprecedented rate. And Google will almost certainly be one of the driving forces behind that transformation. Read MoreTwitter breaks its silence on McGowan suspension
Oct 12, 5:06PM
Twitter has abruptly broken its own policy of not commenting on individual accounts to explain why it temporarily suspended the account of actress Rose McGowan late yesterday, after she had been tweeting about allegations of sexual abuse and harassment which have been surfacing against Hollywood producer Harvey Weinstein. Read MoreLyft adds in-app navigation for drivers via Google Maps
Oct 12, 5:04PM
A little while ago Uber announced new in-app navigation as a convenience feature for drivers, and now Lyft is also integrating turn-by-turn navigations right into its Driver app. Lyft is tapping Google Maps for its in-app directions, however, which means drivers should get the same experience and quality of directions as they would from Google’s own Maps application. Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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