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Equity Shot: Lyft files to go public and we're stoked
Mar 02, 2:41AM
Hello and welcome back to Equity. Guess what we're talking about today! It's Lyft. You guessed correctly.
Facebook sues four Chinese companies over trademark infringement
Mar 02, 2:30AM
Facebook is taking legal action against a cluster of Chinese websites that sell fake accounts, likes and followers both on Facebook itself and on Instagram. The company announced the legal action in a short blog post late Friday afternoon (a move unusual enough to pique our curiosity a little). Of course, the fact that Facebook […]
NEA is raising its biggest fund ever – – again
Mar 02, 2:17AM
New Enterprise Associates, the 41-year-old venture firm with offices in Menlo Park; San Francisco; Boston; New York; Chevy Chase, Md.; and Washington, D.C., is raising its biggest fund ever, shows a new SEC filing that shows target of $3.6 billion. The fund, its seventeenth, is just slightly bigger than the $3.3 billion fund the firm […]
Ava Duvernay releases the first trailer for her Netflix series about the Central Park Five
Mar 02, 2:14AM
Celebrated director Ava DuVernay has released a harrowing first teaser trailer for her highly anticipated Netflix series about the Central Park rape case from the 1980s. The true story of the five African American and Hispanic teens who were wrongfully accused and convicted of the rape of a jogger in Central Park made headlines in […]
Koala-sensing drone helps keep tabs on drop bear numbers
Mar 02, 12:33AM
It's obviously important to Australians to make sure their koala population is closely tracked — but how can you do so when the suckers live in forests and climb trees all the time? With drones and AI, of course.
WeWork confirms it has laid off 300 employees
Mar 01, 11:24PM
The well-funded co-working giant says the cuts were routine. The company plans to add an additional 6,000 employees in 2019.
Alpha, the geek-friendly streaming service from Nerdist and Geek & Sundry, is shutting down
Mar 01, 10:13PM
Another overly niche streaming service is closing up shop. On Friday, Alpha – a geek-friendly streaming service that focused on TV, pop-culture, sci-fi, comics, video games and more – announced it was shutting down. The subscription-based streaming service had been a joint venture between Nerdist and Geek & Sundry, and offered $4.99-per-month access to a […]
Rackspace announces it has laid off 200 workers
Mar 01, 9:42PM
Rackspace, the hosted private cloud vendor, let go around 200 workers or 3 percent of its worldwide workforce of 6,600 employees this week. The company says that it’s part of a recalibration where it is trying to find workers who are better suited to their current business approach. A Rackspace spokesperson told TechCrunch that it […]
How I podcast: Effectively Wild's Ben Lindbergh
Mar 01, 7:52PM
Last month, Spotify announced that it had paid $340 million for Gimlet and Anchor in a push to make its mark on podcasting. But while it's encouraging to see media giants throw weight and money behind the medium, the beauty of the format has always been its accessibility. It's the rare form of entertainment that's […]
Canadian government allows Huawei CFO's US extradition case to proceed
Mar 01, 7:20PM
Late last year, Huawei CFO Meng Wanzhou was arrested in Vancouver, Canada over alleged violations of U.S. trade sanctions with Iran. This week, the Canadian government announced it will allow for the executive's extradition to proceed. Officials in the Department of Justice Canada have issued an Authority to Proceed, a proclamation that officially begins the […]
WSJ: Amazon to open new US grocery chain separate from Whole Foods
Mar 01, 7:18PM
A report from The Wall St. Journal today claims Amazon is preparing to open a new chain of grocery stores across the U.S. that won’t be associated with Whole Foods. The retailer is expected to open the first of these stores in L.A., possibly by the end of 2019, and has signed leases for at […]
Verified Expert Lawyer: Sam Angus
Mar 01, 7:18PM
Sam Angus has been a lawyer in Silicon Valley since the 1990s. Today, he represents some of the biggest names in the startup world, from their earliest days through acquisitions and IPOs, and including four acquisitions last year: TSheets, GitHub, Glint and HelloSign. But his startup experience actually goes back to the 1980s, when he […]
SpaceX's Crew Dragon makes its first orbital launch tonight
Mar 01, 6:51PM
After years of development and delays, SpaceX's Crew Dragon is ready to launch into orbit. It's the first commercially built and operated crewed spacecraft ever to do so, and represents in many ways the public-private partnership that could define the future of spaceflight.
Lyft lays out financial risks associated with reclassifying drivers
Mar 01, 6:18PM
In Lyft’s S-1 this morning, the company laid out the potential consequences for converting its drivers from independent contractors to W-2 employees. This, of course, has been an ongoing conversation within the gig economy. Those who work as 1099 contractors can set their own schedules, and decide when, where and how much they want to […]
Tristan O'Tierney, who helped develop Square's original payment app, has passed away
Mar 01, 6:12PM
Tristan O’Tierney, a co-founder of the payments company Square, has passed away at age 35. According to the San Francisco Chronicle, O'Tierney died last weekend in Florida of addiction-related causes after a hospital was unable to revive him. In the Chron’s piece, it reports that Square co-founders Jack Dorsey and Jim McKelvey hired O'Tierney to […]
Daily Crunch: Tesla is closing retail stores
Mar 01, 5:58PM
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Tesla closing retail stores in shift to online-only sales strategy Tesla is moving all its sales online, a dramatic shift in […]
Lyft will give eligible drivers a one-time cash bonus up to $10K
Mar 01, 5:47PM
Hardworking drivers, rejoice! As part of Lyft’s initial public offering, the transportation company is deciding to reward the drivers who form the backbone of the company’s core service. The program will give a maximum cash bonus of $10,000 to drivers “in good standing” who have completed at least 20,000 rides as of February 25, 2019. […]
'Momo' videos on YouTube cannot be monetized… but that's not a new policy
Mar 01, 5:19PM
Be warned, YouTube creators: Making videos about the latest viral hoax, the “Momo challenge,” will not make you money. Over the past couple of days, the Momo challenge has gone viral once again, leading to a sharp increase in news coverage and the number of YouTube videos discussing the topic of the creepy character and […]
Lyft unveils its S-1 and nearly $1B in 2018 losses
Mar 01, 5:17PM
According to the filing, Lyft recorded $2.2 billion in 2018 revenue on a net loss of $911 million.
The best of MWC 2019
Mar 01, 5:12PM
After years of promises, 5G finally arrived at MWC 2019 — kind of, sort of. Barcelona served as the launching pad for several 5G handsets, set to arrive later this year. Though your actual 5G mileage may vary. Foldable displays, another long-promised smartphone tech, also had its moment in the sun. Several companies debuted foldables […]
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