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Jan 05, 11:23AM
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In what is Mark Zuckerberg’s now-traditional New Year Speech, the Facebook supremo pledged to fix the social network’s many problems which bubbled up in 2017. Perhaps understandably, that admission hogged the headlines but Zuckerberg also said he plans to study encryption and the blockchain “see how best to use them in our services.” That statement comes amid a period…
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Jan 05, 10:08AM
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The rise of ICOs surprised many in the tech industry, helping blockchain companies raise close to $4 billion in 2017, and that’s all set to continue with a twist in 2018. Beyond continued momentum for ICOs, also known as token sales, leading ICO companies themselves are set to start investing. TechCrunch understands that at least half a dozen companies who raised money via ICOs and each…
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Jan 05, 9:00AM
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Insurtech was one of the big VC bets of 2017, and that looks set to continue into the new year as startups spot gaps in the insurance market. Continuing this trend is Dinghy, a new startup that offers “flexible” insurance for freelance professionals, all delivered and managed through a mobile app.
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Jan 05, 7:35AM
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The nightmare is a reality in India. Reports from the country suggest that the government’s national ID system — Aadhaar, which holds personal data belonging to more than one billion people — was compromised. On the slight positive side, the breach wasn’t down to hackers — at least on this occasion. The access hole was publicized after Indian newspaper The…
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Jan 05, 6:31AM
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The timing of Intel CEO Brian Krzanich’s large sale of shares in November is raising questions because a Securities and Exchange Commission filing appeared to show that the transactions were planned after the company was informed about the Meltdown and Spectre bugs, but before they were made public.
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Jan 05, 5:16AM
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Google has added Chinese mobile game livestreaming platform Chushou to its list of investments in Asia. The Beijing-based startup announced today that it has closed a Series D round, which Google joined as a new investor, that brings its total funding so far to over $120 million. Chushou’s previous investors Qiming Venture, Shunwei Capital and Alpha X Capital, also returned for this round.
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Jan 05, 4:00AM
Ethereum hits $1,000 a coin, Eero lays off 20% of staff and Mark Zuckerberg issues his 2018 challenge. All this on Crunch Report.
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Jan 05, 3:32AM
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Uber founder and former CEO Travis Kalanick plans to sell nearly a third of his shares in the company, reports Bloomberg. The transaction would be part of the tender offer in which SoftBank Group agreed to buy shares in Uber valuing it at $48 billion, a huge discount from its last fundraising valuation. According to Bloomberg’s sources, Kalanick wants to sell 29% of his stake and would…
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Jan 05, 1:31AM
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GoPro is in the process of laying off around 200-300 employees this week, TechCrunch has learned from sources close to the company. The hits to the company were largely concentrated in its aerial division, the segment of the company responsible for its Karma drone. In a letter to impacted employees GoPro explained these cuts are part of a larger restructuring “to better align our…
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Jan 05, 12:54AM
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Short-form content from CBS’ late-night shows “The Late Show with Stephen Colbert” and “The Late Late Show with James Corden” will now appear on Facebook Watch, according to multiple reports. It’s the latest effort by Facebook to make Watch a thing. Clips of the Late Show with Stephen Colbert, now the most popular late-night talk show, will begin appearing…
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Jan 05, 12:43AM
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Apple isn’t immune to Meltdown and Spectre, the major bugs in basic computing architecture that were announced yesterday to widespread amazement and horror. In an announcement, the company said that “all Mac systems and iOS devices are affected,” which sounds right, but that mitigations are either already in place or on the way.
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Jan 04, 11:54PM
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Spotify just announced it’s killing it on the subscriber front. As of today, Spotify has 70 million subscribers compared to Apple Music’s 30 million. Last July, Spotify had more than 60 million paid listeners and over 140 million active users. There’s essentially no better time than one day after news leaks about Spotify’s confidential filing to go public to announce a…
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Jan 04, 11:46PM
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Winter isn’t coming any time soon. Today HBO broke it to dedicated fans the world over that Game of Thrones won’t be returning until 2019. Game of Thrones star actress Sophie Turner gave as much away in an interview with Variety last month, though many fans were still awaiting an official confirmation of their darkest fears.
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Jan 04, 11:39PM
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Jimmy Iovine, the music mogul who sold Beats to Apple in 2014, is reportedly leaving Apple later this year (in August), Billboard reports. Word on the street is that Iovine’s departure is timed with his Apple shares fully vesting, according to Billboard. Back in May 2014, Apple paid $3 billion for the headphone maker and streaming music service. As part of the deal, Iovine and Beats…
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Jan 04, 11:28PM
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The FCC has released the final text of the order it voted on last month that is set to undo the net neutrality rules established in 2015. This is the text that will enter the federal register and the official final wording of the new rules and justification thereof.
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Jan 04, 10:47PM
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The week after Christmas is a lazy one, but the App Store was working overtime. Apple triumphantly announced today that the late holiday season brought in more than a billion dollars in purchases on its mobile marketplace.
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Jan 04, 10:44PM
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For as much as its users love to hate on their platform of choice, Twitter occasionally really comes through with a deep dive on a hot topic that provides actual, meaningful insight. Such an event is almost enough to remind us why we all fritter our lives away on there to begin with. Remember when we used to blog? Like, we issued thoughts in sentences and paragraphs instead of a series of…
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Jan 04, 10:30PM
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No challenge around the future of the internet looms larger in the coming year than what to do in the aftermath of the repeal of net neutrality. Open internet proponents were stunned at last month’s vote, which struck at the heart of the belief that the internet should be free, fair and open for all users.
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Jan 04, 9:38PM
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In a statement on Thursday, White House Press Secretary Sarah Huckabee Sanders announced that personal cellphones will no longer be allowed in the West Wing. “The security and integrity of the technology systems at the White House is a top priority for the Trump administration and therefore the use of all personal devices for both guests and staff will no longer be allowed in the West Wing.
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Jan 04, 9:18PM
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Hulu will be resurrecting 90s animated cartoon hit Animaniacs. Yes, Yakko, Wakko and Dot Animaniacs, from the 90s. In this bizarre twist, which is probably designed to activate some kind of nostalgia center in the brains of 90s kids who are now of child-rearing age, executive producer Steven Spielberg is returning in the same role, and Hulu will also be streaming all existing 99 episodes of…
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