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Tesla shares fall 7.6% following price cuts in China and Elon Musk's promise to reimburse missed tax credits
Dec 25, 5:27AM
Monday was a tough day for the U.S. stock market, but Tesla shares were hit especially hard. The stock fell by 7.6 percent after Tesla cut the Model 3's price in China and CEO Elon Musk promised to reimburse U.S. customers if they miss a tax credit deadline due to Model 3 shipment delays. Reuters […]
Salesforce keeps rolling with another banner year in 2018
Dec 25, 1:13AM
The good times kept on rolling this year for Salesforce with all of the requisite ingredients of a highly successful cloud company — the steady revenue growth, the expanding product set and the splashy acquisitions. The company also opened the doors of its shiny new headquarters, Salesforce Tower in San Francisco, a testament to its […]
My product launch wishlist for Instagram, Twitter, Uber and more
Dec 25, 12:00AM
‘Twas the night before Xmas, and all through the house, not a feature was stirring from the designer’s mouse . . . Not Twitter! Not Uber, Not Apple or Pinterest! On Facebook! On Snapchat! On Lyft or on Insta! . . . From the sidelines I ask you to flex your code’s might. Happy Xmas […]
Four ways to bridge the widening valley of death for startups
Dec 24, 8:30PM
As early and late-stage funding becomes more abundant, founders and their early VC backers need to get smarter about how to position their companies for a looming valley of death in-between.
Stock markets suffer their worst Christmas Eve trading day
Dec 24, 7:34PM
Twas the last trading day before Christmas, and on the trading floor, Most stocks were falling, and then falling some more, Treasury Secretary Steven Mnuchin all the banks had called, In hopes that full coffers were still in their vaults. Bruising #stock selloff continues, as Treasury sec #Mnuchin tries to calm jittery #markets https://t.co/Ejcurl74nV via […]
Silicon Valley's year of reckoning
Dec 24, 7:05PM
Tech companies have always branded themselves as the good guys. But 2018 was the year that the long-held belief that Silicon Valley is on the right side of progress and all things good was called into question by a critical mass. As startups grow bigger and richer, amassing more power and influence outside of the […]
Alphabet spins off moonshot project Malta with backing from Gates's BEV fund
Dec 24, 5:59PM
Malta, the renewable energy storage project born in Alphabet’s moonshot factory X, is now on its own and flush with $26 million from a Series A funding round led by Breakthrough Energy Ventures . Concord New Energy Group and Alfa Laval also invested in the round. Project Malta launched last year in Alphabet's X (formerly Google X) with […]
Dolls Kill is raising up to $15 million for its edgy fashion brand made for 'misfits'
Dec 24, 4:58PM
When founder Bobby Farahi met Shaudi “Shoddy” Lynn, it was at a rave in L.A. Farahi has said he was immediately drawn to the fashion sense of Lynn, who was a DJ at the time; she, meanwhile, might have appreciated the business acumen of Farahi, who had already sold a broadcast monitoring service called Multivision […]
On Christmas Eve, Chevrolet drivers can track Santa from their cars
Dec 24, 4:31PM
North American Aerospace Defense Command, or NORAD, has been tracking Santa’s progress around the globe every Christmas Eve for more than 60 years. Even a government shutdown won’t prevent NORAD from completing its once-a-year mission. Now, General Motors is getting in on the annual tradition. On December 24, owners of the company’s Chevrolet -branded vehicles, […]
Remembering the startups we lost in 2018
Dec 24, 4:30PM
There are few things in this world more difficult than launching a successful startup. It takes talent, know-how, money and a hell of a lot of good timing and luck. And even with all of those magical components in place, the odds may still be against you. At TechCrunch, we take pride in covering the […]
Captiv8 report highlights data for spotting fake followers
Dec 24, 4:13PM
Captiv8, a company offering tools for brands to manage influencer marketing campaigns, has released its 2018 Fraud Influencer Marketing Benchmark Report. The goal is to give marketers the data they need to spot fake followers — and thus, to separate the influencers with a real following from those who only offer the illusion of engagement. […]
Facebook is not equipped to stop the spread of authoritarianism
Dec 24, 2:30PM
Facebook isn't responsible for government decisions to clamp down on free expression. But the question remains: How can companies stop assisting authoritarian governments, inadvertently or otherwise?
The Yule Log Channel
Dec 24, 12:09PM
My aunt and uncle lived up the hill from Martins Ferry, Ohio, high above the river. My uncle ran a used car lot — Snezek’s — and so it was understood that they had a little bit of money and a bigger house than the rest of the family in the Valley. We would drive […]
LetsTransport raises $13.5M to digitize and improve last-mile logistics in India
Dec 24, 12:08PM
India’s B2B supply chain is slowly shifting into the digital era. Following a $23 million investment for Moglix, which helps bring business and manufacturing procurement online, LetsTransport, a startup that brings increased efficiency to logistics and business transportation, has raised $13.5 million for growth. Founded in 2015 by IIT Kharagpur graduates Pushkar Singh, Sudarshan Ravi and […]
China's WeChat is the latest to get Snap-like 'Stories'
Dec 24, 11:28AM
WeChat, the Chinese messaging giant with more than 1 billion monthly active users around the world, just added a Snap-like ephemeral video feature as part of its biggest overhaul since 2014. The revamp comes as Tencent, which owns stakes in Snap, sees increasing rivalry from up-and-comers like video app TikTok and news app Jinri Toutiao. WeChat […]
UK police release airport drone suspects and admit there may not have been any drones after all
Dec 24, 11:09AM
Less than a week after mystery drones grounded flights at the U.K.'s second largest airport, wreaking havoc on as many as 140,000 people’s travel plans for the Christmas period, police have admitted that there may in fact not have been any drones at all. Gatwick airport reopened on Friday after a one-day shutdown but it appears that investigators […]
10 key lessons about tech mergers and acquisitions from Cisco's John Chambers
Dec 24, 2:30AM
John Chambers, chairman emeritus of Cisco, knows a thing or two about tech acquisitions: he bet his career on a first one in '93, and went on to complete 180 M&As during his 20 years tenure.
The year social networks were no longer social
Dec 24, 1:15AM
The term "social network" has become a meaningless association of words. Pair those two words and it becomes a tech category, the equivalent of a single term to define a group of products. But are social networks even social anymore? If you have a feeling of tech fatigue when you open the Facebook app, you're […]
Original Content podcast: Netflix's 'Roma' might be the best movie of the year
Dec 24, 1:08AM
A number of critics have declared that “Roma” is the best movie of the year. Naturally, we had to weigh in on the latest episode of the Original Content podcast. Director Alfonso Cuarón’s recent (and excellent) films were all fantasy and science fiction (“Harry Potter and the Prisoner of Azkaban,” “Children of Men” and “Gravity”). […]
5 unicorns that will probably go public in 2019 (besides Uber and Lyft)
Dec 23, 11:47PM
Five unicorn IPOs we can expect to witness in the year ahead that no one's talking about.
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