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China's Didi is laying off 15% of its staff
Feb 15, 7:09AM
China’s largest ride-hailing firm Didi plans to let go 15 percent of its employees or about 2,000 people this year, sources told TechCrunch. The cut comes as the beleagured transportation giant copes with a stricter regulatory environment that puts a squeeze on driver supply and backlash from two high-profile passenger murders last year. Chief executive Cheng […]
Spotify says it paid $340M to buy Gimlet and Anchor
Feb 15, 6:07AM
Spotify doubled down on podcasts last week with a double deal to buy podcast networks Gimlet and Anchor. Those acquisitions were initially undisclosed, but Spotify has quietly confirmed that it spent €300 million, just shy of $340 million, to capture the companies. That’s according to an SEC filing — hat tip Recode’s Peter Kafka — which reveals that […]
Kleiner's Mamoon Hamid thinks we could be in a 15-year-long bull market (and other insights from the firm)
Feb 15, 5:31AM
Late last month, the venture firm Kleiner Perkins began an official reboot, with a new, $600 million fund, as well as some new faces blazing the trail for the outfit going forward, including Mamoon Hamid and Ilya Fushman, investors who joined Kleiner from Social Capital and Index Ventures, respectively. Their roles at the 47-year-old firm […]
Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili
Feb 15, 4:32AM
Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securities filing on Thursday, Alibaba’s Taobao marketplace has acquired about 24 million shares in Bilibili, the Shanghai-based firm that has captured 93 million monthly users […]
Netflix office goes on lockdown over report of a potential shooter, suspect now in custody
Feb 15, 1:22AM
Alarming reports popped up on Twitter late Thursday of incident involving an armed individual at Netflix’s Hollywood office on Sunset Blvd. TechCrunch has confirmed with the Los Angeles Police Department that a call reporting a man with a gun first came in at 3:53 Pacific Time. According to the LAPD, there were no shots fired, […]
Citizen expands its crime-tracking alert app to Baltimore
Feb 15, 12:51AM
Depending on who you ask, Citizen is either a useful urban safety tool or a menacing glimpse into a self-surveilled police state, but either way, the app is coming to Baltimore. Citizen, formerly known as Vigilante, is a crime tracking app that offers geo-targeted alerts that notify users of dangers lurking nearby, from carjackings to […]
A ridiculously rare copy of Super Mario for NES just sold for over $100,000
Feb 15, 12:44AM
An extra special copy of Super Mario for NES just sold for a mind-boggling $100,150. Before you go digging through the attic to find your old copy to throw up for auction, you should know: the version in question here is super, super rare. So what makes it special? Super Mario has been released and […]
StayTuned Digital helps video creators publish and measure everywhere
Feb 14, 11:27PM
If you’re a video creator in 2019, you’re probably thinking about a long list of publishing destinations: YouTube, of course, but also Facebook, Instagram, Twitter, Snapchat and more. StayTuned Digital is a new startup trying to help video creators and publishers push their content to multiple platforms. The company, which bills itself as “content’s best […]
Postscript wants to be the Mailchimp for SMS
Feb 14, 11:14PM
Email is certainly not dead, despite many such exclamations, but there’s no question that it’s a bloated, seeping hog of a platform on which it’s incredibly difficult for businesses to develop meaningful relationships with customers. Postscript, a startup launching out of Y Combinator’s latest class, wants to learn from what email marketing got right and […]
Everything you need to know about GM's new electric bikes
Feb 14, 10:49PM
General Motors announced last year it was getting into the electric bike business. But besides a crowdsourcing name competition and a few teasers, details were scant. Now, GM has given this new brand a name — ARĪV — as well as names for its two electric bikes, and some information about its go-to-market plan. The name […]
Zendesk just hired three former Microsoft, Salesforce and Adobe execs
Feb 14, 10:19PM
Today, Zendesk announced it has hired three new executives — Elisabeth Zornes, former general manager of global support for Microsoft Office, as Zendesk's first chief customer officer; former Adobe executive Colleen Berube as chief information officer and former Salesforce executive Shawna Wolverton as senior vice president, product. The company emphasized that the hirings were about […]
New York politicians slam Amazon as it drops HQ2 plan
Feb 14, 10:01PM
Like the initial HQ2 plan, today's news that Amazon will no longer be setting up shop in Queens has been met with a flood of mixed reactions. Business advocacy and real estate are decrying the retail giant's decision to pack up and leave. I know I've been flooded with responses from various corners all afternoon. […]
Facebook may face a record-setting multi-billion-dollar fine from the FTC
Feb 14, 9:58PM
The Washington Post is reporting that Facebook’s row with the FTC could result in fines an order of magnitude larger than any levied against a tech company by the regulatory body before. While the talks appear to be ongoing, The Washington Post spoke with two people familiar with the situation who said the FTC is […]
TikTok spotted testing native video ads
Feb 14, 9:51PM
TikTok is testing a new ad product: a sponsored video ad that directs users to the advertiser’s website. The test was spotted in the U.S. TikTok app, where a video labeled “Sponsored” from the bike retailer Specialized is showing up in the main feed, along with a blue “Lean More” button that directs users to […]
When do you go native?
Feb 14, 9:16PM
So you’re a startup founder. Or you’re in charge of a new project at a big company. (Or maybe you just imagine being either of these things.) And you suddenly realize: you have to make a whole slew of massive decisions right now, based on imperfect information, which will reverberate for months or years, and […]
William Barr confirmed to lead the Justice Department
Feb 14, 9:15PM
On Thursday, the Senate voted to confirm Trump nominee William Barr as the next head of the Justice Department. Barr was nominated to replace former Attorney General Jeff Sessions who fell out of favor with the Trump administration and resigned last year. Barr will step in for acting Attorney General Matthew Whitaker, who controversially stepped […]
Why your startup may not be as great as everyone says
Feb 14, 9:00PM
Not all validation is created equal. It is crucial that founders differentiate between meaningful validation and vanity "wins" that do little more than make you feel good.
Did New York lose anything with Amazon's rejection? It's complicated.
Feb 14, 8:38PM
Now that Amazon has said that it's taking its ball and going home rather than deal with mean, pushy New Yorkers, outside observers are giving off the sense that the city (and its local politicians) are losing out for their recalcitrance. They’re wrong. New York City is running at about a 4.3 percent unemployment rate […]
Boston and NY share high-tech losses as GE and Amazon bail on same day
Feb 14, 8:33PM
Boston and New York have been sporting rivals for decades, constantly fighting over bragging rights across all four major sports, but today the two cities had something in common neither was probably hoping for. Both had major tech companies back out of massive deals on the same day. It turns out, however, the two cities […]
DriveNets emerges from stealth with $110M for its cloud-based alternative to network routers
Feb 14, 8:02PM
Software is eating the world, and today a startup that’s taking this maxim to the world of telecoms has raised a big round of funding as it comes out of stealth. DriveNets, a company out of Israel that builds cloud-based networking services that provide a cheaper and simpler alternative to the functions of traditional routers […]
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