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Canada's Telus says partner Huawei is 'reliable': reports
Jan 21, 7:04AM
The US-China tension over Huawei is leaving telecommunications companies around the world at a crossroad, but one spoke out last week. Telus, one of Canada’s largest phone companies showed support for its Chinese partner despite a global backlash against Huawei over cybersecurity threats. “Clearly, Huawei remains a viable and reliable participant in the Canadian telecommunications […]
Invoice finance platform MarketInvoice raises $33.5M from Barclays, Santander
Jan 21, 12:00AM
London, with its huge FinTech hub, is continuing to attract investment and that is no better represented today than with the news that MarketInvoice, arguably Europe's largest online invoice finance platform, has raised £26M ($33.5M) in a Series-B funding round led by Barclays and fintech fund Santander InnoVentures, alongside participation from European VC Northzone, which […]
The case against behavioral advertising is stacking up
Jan 20, 9:00PM
No one likes being stalked around the Internet by adverts. It’s the uneasy joke you can’t enjoy laughing at. Yet vast people-profiling ad businesses have made pots of money off of an unregulated Internet by putting surveillance at their core. But what if creepy ads don’t work as claimed? What if all the filthy lucre […]
Thanks to Hulu, Disney lost $580 million last fiscal year
Jan 20, 7:00PM
The streaming media business is tough. Disney, which has a 30 percent stake Hulu, saw losses of $580 million last fiscal year, according to an SEC filing. This was, the SEC filing states, “primarily due to a higher loss from our investment in Hulu, partially offset by a favorable comparison to a loss from BAMTech […]
Uber is exploring autonomous bikes and scooters
Jan 20, 6:40PM
Uber is looking to integrate autonomous technology into its bike and scooter-share programs. Details are scarce, but according to 3D Robotics CEO Chris Anderson, who said Uber announced this at a DIY Robotics event over the weekend, the division will live inside Uber’s JUMP group, which is responsible for shared electric bikes and scooters. I'm […]
Facebook launches petition feature, its next battlefield
Jan 20, 6:21PM
Gather a mob and Facebook will now let you make political demands. Tomorrow Facebook will encounter a slew of fresh complexities with the launch of Community Actions, its News Feed petition feature. Community Actions could unite neighbors to request change from their local and national elected officials and government agencies. But it could also provide […]
The AI market is growing, but how quickly is tough to pin down
Jan 20, 6:10PM
If you work in tech, you've heard about AI: how it's going to replace us, whether it's over-hyped or not and which nations will leverage it. Our interest? How much money is going into startups?
Stung by criticism, Facebook's Sandberg outlines new plans to tackle misinformation
Jan 20, 3:32PM
Stung by criticism of its widely reported role as a platform capable of spreading disinformation and being used by state actors to skew democratic elections, Facebook's COO Sheryl Sandberg unveiled five new ways the company would be addressing these issues at the annual DLD conference in Munich, staged ahead of the World Economic Forum. She […]
Technology's dark forest
Jan 20, 2:00PM
We used to be such optimists. Technology would bring us a world of wealth in harmony with the environment, and even bring us new worlds. The Internet would erase national boundaries, replace gatekeepers with a universal opportunity for free expression, and bring us all closer together. Remember when we looked forward to every advance? I […]
The social layer is ironically key to Bitcoin's security
Jan 19, 7:17PM
A funny thing happened in the second half of 2018. At some moment, all the people active in crypto looked around and realized there weren't very many of us. The friends we'd convinced during the last holiday season were no longer speaking to us. They had stopped checking their Coinbase accounts. The tide had gone […]
TechCrunch Conversations: Direct listings
Jan 19, 7:07PM
Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall […]
Following a record year, Illinois startups kick off 2019 on a strong foot
Jan 19, 5:09PM
Illinois's startup market in 2018 was very strong, and it's not slowing down. Let's take a quick look at the state of venture in the Land of Lincoln.
Watch builders construct a life-size Chevy truck with 300,000 LEGO bricks
Jan 19, 1:30PM
Behold, the LEGO Chevrolet Silverado. The full-size truck is basically a giant ad for Chevy and the new LEGO Movie, which is due out in February. Apparently they have to fight Duplo blocks from outer space. No, seriously, that's the plot. Anyway, the 2019 Silverado is six-feet tall, weighs 3,307 pounds and took 18 builders […]
Startups Weekly: Squad's screen-shares and Slack's swastika
Jan 19, 1:00PM
We’re three weeks into January. We’ve recovered from our CES hangover and, hopefully, from the CES flu. We’ve started writing the correct year, 2019, not 2018. Venture capitalists have gone full steam ahead with fundraising efforts, several startups have closed multi-hundred million dollar rounds, a virtual influencer raised equity funding and yet, all anyone wants to talk […]
Welcome to the abnormalization of transportation
Jan 19, 11:30AM
Bill Goodwin Contributor Share on Twitter Bill Goodwin is the head of legal policy at Airmap. Tyler Finn Contributor Tyler Finn is the policy manager at Factual. Something odd is in motion in Los Angeles. On a recent day at the office, colleagues debated the merits of the Boring Company's proposal to alleviate Dodger traffic […]
Snap's exec team continues to shrink as more reports of internal drama surface
Jan 18, 11:45PM
Days after Snap announced the departure of its CFO, reports have emerged that the company’s HR chief was asked to leave following an internal investigation late last year that had led to the firing of its global security head. The Wall Street Journal is reporting that Snap fired global security head Francis Racioppi late last […]
Facebook fears no FTC fine
Jan 18, 10:58PM
Reports emerged today that the FTC is considering a fine against Facebook that would be the largest ever from the agency. Even if it were 10 times the size of the largest, a $22.5 million bill sent to Google in 2012, the company would basically laugh it off. Facebook is made of money. But the […]
Curious 23andMe twin results show why you should take DNA testing with a grain of salt
Jan 18, 10:08PM
If you’ve ever enthusiastically sent your spit off in the mail, you were probably anxious for whatever unexpected insights the current crop of DNA testing companies would send back. Did your ancestors hang out on the Iberian peninsula? What version of your particular family lore does the science support? Most people who participate in mail-order […]
Free to play games rule the entertainment world with $88 billion in revenue
Jan 18, 9:56PM
They may be free, but they sure pay. Games with no upfront cost but a plethora of other ways to make money generated a mind-blowing $88 billion in 2018 according to SuperData’s year-end report — leaving traditional games (and indeed movies and TV) in the dust. While it may not come as a surprise that […]
FanDuel co-founder Tom Griffiths just closed a seed round for his decidedly noncontroversial new startup, Hone
Jan 18, 9:50PM
Tom Griffiths has founded four companies, two of which “weren’t much to write home about,” he jokes. The third captured the world’s attention: FanDuel, the fantasy sports company that was routinely in the press — not always for desirable reasons — from nearly the day it launched, to its near merger with rival DraftKings, to its […]
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