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Biotech holding company Roivant Sciences raised $200M in funding at a whopping $7B valuation
Nov 14, 1:06AM
Roivant Sciences has had a bumpy couple of years, but that isn’t stopping investors from pouring more money into the four-year-old company, which aims to one day be a giant parent company for dozens of independent biopharmaceutical spinoffs — and is fulfilling that vision by creating one independent company at a time. Roivant’s newest financing […]
Prolific swatter and bomb hoaxer who broke up FCC's net neutrality vote pleads guilty
Nov 14, 12:28AM
It was a dramatic moment during the FCC's net neutrality proceedings last December when the Commission's public meeting was abruptly evacuated and bomb squads moved in — all while thousands watched on the live stream. The person who called in that threat has just entered a guilty plea to that and numerous other crimes, including a SWAT hoax that killed a man.
Skincare startup Heyday raises $8M
Nov 14, 12:00AM
Heyday, a startup aiming to make facials more affordable and personalized, announced today that it has raised $8 million in Series A funding. I first wrote about the company a year ago, when it raised its $3 million seed round. At the time, co-founder and CEO Adam Ross said his goal was to offer something […]
Meet the Magecart hackers, a persistent credit card skimmer group of groups you've never heard of
Nov 13, 10:49PM
There have been few hacker groups that have been responsible for as many headlines this year as Magecart. You might not know the name, but you probably haven’t missed their work — highly targeted credit card skimming attacks, hitting Ticketmaster and British Airways, as well as consumer electronics giant Newegg and likely many more sites that […]
This $199 PS4 and 'Spider-Man' Black Friday bundle has my bargain-sense tingling
Nov 13, 10:30PM
I'm calling it — this is the best deal of this year's Black Friday season. It's bonkers. Sony is selling a PlayStation 4 Slim with the new "Spider-Man" game for $199. That's way too little money.
Blue Apron lays off 4 percent of employees as it seeks profitability next year
Nov 13, 10:23PM
Meal kit company Blue Apron announced small layoffs today as part of its Q3 2018 financial results. The layoffs, which affected four percent of Blue Apron’s workforce, are part of Blue Apron’s path to profitability. “We are taking decisive actions to prioritize our highest-impact opportunities and build a stronger, sustainable business,” Blue Apron CEO Brad […]
Facebook Lasso app lead Brady Voss leaves for Netflix right after launch
Nov 13, 9:05PM
Facebook Lasso has a steep uphill climb ahead as it hopes to chase the musical video app it cloned, China’s TikTok (which merged with Musically). Lasso lets you overlay popular songs on 15-second clips of you lip syncing, dancing or just being silly — kind of like Vine with a soundtrack. It’s off to a […]
Why the future of Chinese e-commerce is in its rural areas
Nov 13, 9:00PM
China announced a mere 6.7 percent economic growth in July 2018, the lowest growth rate since 2016. Despite a slowdown in overall economic growth, Chinese e-commerce has only increased, accounting for 40 percent of all worldwide e-commerce today.
MetaCert can catch phishing links in your email
Nov 13, 8:00PM
MetaCert, founded by Paul Walsh, originally began as a way to watch chat rooms for fake Ethereum scams. Walsh, who was an early experimenter in cryptocurrencies, grew frustrated when he saw hackers dumping fake links into chat rooms, resulting in users regularly losing cash to scammers. Now Walsh has expanded his software to email. A […]
Senators urge FTC to look into shady ad practices in apps for kids
Nov 13, 7:55PM
For us jaded adults, the long-running trend toward making apps and games free to download but stuffing them with paid options is just an annoyance or perhaps a logical progression of the business model. But kids haven’t developed our cynicism and wariness of manipulation — and they’re getting targeted nevertheless. Several Senators have asked the […]
Lime is debuting its line of shareable vehicles in Seattle this week
Nov 13, 7:13PM
Lime will introduce "LimePods" in California in 2019.
Juul Labs reveals its plan to combat underage vape use
Nov 13, 7:05PM
Juul will be removing non-tobacco flavored pods from all stores, including convenience stores and vape shops, according to a new plan the company released today. This comes exactly 60 days after the FDA demanded a more comprehensive plan from big e-cig makers to deal with the growing problem of underage use of these products. Juul's […]
DeepMind hands off role as health app provider to parent Google
Nov 13, 6:57PM
DeepMind’s recent foray into providing software as a service to U.K. hospitals has reached the end of its run. The Google -owned AI division has just announced it will be stepping back from providing a clinical alerts and task management healthcare app to focus on research — handing off the team doing the day to day […]
Tesla, GM and Nissan are all part of a new coalition aiming to extend the EV tax credit
Nov 13, 5:18PM
Tesla, GM and Nissan are among a group of 15 companies that launched a new coalition aimed at reforming the electric vehicle tax credit. The group, called EV Drive Coalition, brings together a mix of automakers, industry giant ABB, climate change and energy lobbying organizations and EV infrastructure companies, including ChargePoint. The coalition, which officially […]
Facebook takes on LinkedIn as a career portal with e-learning, expanded mentorship and jobs features
Nov 13, 5:14PM
With the launch of a way for people to connect with each other in mentoring relationships, and to look for jobs, Facebook has over the last year or so slowly been encroaching on LinkedIn’s territory as the go-to platform for people who want to leverage their networks of contacts to expand their career prospects. With […]
Canonical's Mark Shuttleworth says he has no plans to sell anytime soon
Nov 13, 5:05PM
After IBM announced its plans to acquire Red Hat for $34 billion, pundits quickly started speculating about when Red Hat competitors like Suse and Canonical would sell, as well. Canonical founder Mark Shuttleworth, though, doesn’t seem to have any interest in selling — at least for the time being. “I value my independence,” he told […]
Zendesk shifts to platform play with Zendesk Sunshine launch
Nov 13, 5:03PM
Zendesk has always been strongly focused on customer service in the cloud. They began to look at this more broadly in September when they purchased Base to move into sales automation and CRM. Today, the company announced Zendesk Sunshine, a new platform for creating customer-focused applications on top of Zendesk’s toolset. All of this appears […]
Google's Project Fi gets an improved VPN service
Nov 13, 5:00PM
Google’s Project Fi wireless service is getting a major update today that introduces an optional always-on VPN service and a smarter way to switch between Wi-Fi and cellular connections. By default, Fi already uses a VPN service to protect users when they connect to the roughly two million supported Wi-Fi hotspots. Now, Google is expanding […]
RideCell expands funding round to $60 million
Nov 13, 4:45PM
RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even robotaxi businesses. The company, which has developed a platform designed to help car-sharing, ride-sharing and autonomous […]
Open sourcing analysis, plus US, China and HQ2
Nov 13, 4:44PM
The big news today is that — finally — we have Amazon's selection of cities for its dual second headquarters (Northern Virginia and NYC). Then some notes on China. But first, semiconductors and open sourcing analysis. We are experimenting with new content forms at TechCrunch. This is a rough draft of something new — provide […]
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