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News discovery app SmartNews valued at $1.1B
Aug 04, 5:50PM
SmartNews, an AI-powered news aggregation app, is the latest company to enter the unicorn club.
Instagram and Facebook are experiencing outages
Aug 04, 4:43PM
Users reported issues with Instagram and Facebook Sunday morning. The mobile apps wouldn’t load for many users beginning in the early hours of the morning, prompting thousands to take to Twitter to complain about the outage. #facebookdown and #instagramdown are both trending on Twitter at time of publish. We’ve reached out to Facebook for more […]
Series A(ggregate)
Aug 04, 3:15PM
We spend a lot of time around here covering the latest startup fundraises, and for good reason. While capital is certainly an input and not an output, there is nothing quite like the closing of a round of several million in venture capital to prove that yes, the startup I'm working on is at least […]
On second attempt, hoverboard inventor successfully crosses Channel
Aug 04, 2:49PM
Following a failed attempt in July, French inventor Franky Zapata successfully crossed the Channel on top of a hoverboard this weekend. Starting his trek in Sangatte in northern France, the journey took 20 minutes, before landing in St. Margarets Bay, England. "For the last five to six kilometers I just really enjoyed it," Zapata told […]
Roblox hits 100 million monthly active users
Aug 04, 1:57PM
Roblox is big. Bigger than Minecraft big. The massively multiple online title has been around since 2006, but the game has been achieving a crazy amount of momentum of late. On Friday, it announced via blog post that it's grown past 100 million monthly active users, pushing past Minecraft, which is currently in the (still […]
On the Amazon panopticon
Aug 04, 1:00PM
Last year, “Amazon employees met with ICE officials … to market the company’s facial recognition technology,” the ACLU informs us. Amazon VP Brad Huseman later said “We believe the government should have the best available technology.” Then, last month, Motherboard revealed Amazon has partnered with police departments around the country to create “a self-perpetuating surveillance […]
India's Reliance to buy majority stake in Google-backed Fynd for $42.3M
Aug 04, 11:47AM
Indian conglomerate Reliance Industries is acquiring 87.6% stake in Fynd, a seven-year-old Mumbai-based startup that connects brick and mortar retailers with online stores and consumers, for 2.95 billion Indian rupees ($42.33 million), the two said in a brief statement late Saturday. Fynd, which was founded in 2012, helps offline retailers sell their products to consumers […]
Week in Review: Equifax, Capital One and your stupid desire for justice
Aug 04, 11:00AM
Hello, weekenders. This is Week-in-Review, where I give a heavy amount of analysis and/or rambling thoughts on one story while scouring the rest of the hundreds of stories that emerged on TechCrunch this week to surface my favorites for your reading pleasure. Last week, I talked about the Facebook FTC fine, the Sprint/T-Mobile deal getting […]
Original Content podcast: 'Years and Years' takes an unsettling look at the next decade
Aug 03, 9:00PM
“Years and Years” is an unusual show. It’s a co-production of HBO and the BBC, and in the course of six hourlong episodes, it covers a span of more than 10 years in our near future. During that time, we see the rise of a terrifying Trump-style politician in the United Kingdom named Vivian Rook […]
Pro rata rights, immigration, the sharing economy, AWS, Ray Dalio, and China's smartphones
Aug 03, 7:59PM
What founders need to know about pro rata rights Pro rata used to be reasonably simple. Venture investors who bought preferred shares in startups had the right to lock in a certain percentage of equity provided they continued funding the company in the future rounds of financing. But as VCs have raised ever larger funds […]
Tesla brings back free unlimited supercharging for the Model S and X
Aug 03, 4:36PM
Tesla is resurrecting a popular benefit that CEO Elon Musk once called “unsustainable” as it attempts to boost sales of its more expensive electric vehicles. Tesla announced Saturday that all new Model S sedans and Model X SUVs will come with free unlimited access to its network of electric vehicle chargers known as superchargers. The […]
Ethical fashion is on the rise
Aug 03, 4:30PM
Brian Kateman Contributor Share on Twitter Brian Kateman is President and Cofounder of the Reducetarian Foundation. More posts by this contributor Fish replacement may be the next big wave in alternative protein development The fashion industry has historically relied on exploitative, unsustainable and unethical labor practices in order to sell clothes — but if recent trends […]
Apple Card can't be used to buy crypto
Aug 03, 4:02PM
Cryptocurrency fans who were hoping to use Apple’s forthcoming credit card to splash on coin are out of luck. You also won’t be able to use the Apple Card to buy lottery tickets, casino gambling chips in any form, physical or virtual, or foreign currency or travelers checks. Reuters spotted the detail in a customer […]
StockX was hacked, exposing millions of customers' data
Aug 03, 4:00PM
It wasn’t “system updates” as it claimed. StockX was mopping up after a data breach, TechCrunch can confirm. The fashion and sneaker trading platform pushed out a password reset email to its users on Thursday citing “system updates,” but left users confused and scrambling for answers. StockX told users that the email was legitimate and […]
E3's organizer apologizes after revealing information for thousands of journalists
Aug 03, 3:18PM
The Entertainment Software Association issued an apology of sorts after making available the contact information for more than 2,000 journalists and analysts who attended this year's E3. "ESA was made aware of a website vulnerability that led to the contact list of registered journalists attending E3 being made public," the organization said via statement. "Once […]
Amazon quietly adds 'no human review' option to Alexa settings as voice AIs face privacy scrutiny
Aug 03, 12:46PM
Amazon has tweaked the settings for its Alexa voice AI to allow users to opt out of their voice recordings being manually reviewed by the company’s human workers. The policy shift took effect Friday, according to Bloomberg, which reports that Alexa users will now find an option in the settings menu of the Alexa smartphone […]
Startups Weekly: DoorDash gets a taste of Caviar
Aug 03, 12:00PM
In this week's newsletter: Lux Capital raises $1 billion, Compass is worth a whole lot of money and Vacasa goes shopping.
Elon Musk says The Boring Company will launch in China this month
Aug 03, 11:15AM
Elon Musk wants to drill holes in China. The Tesla founder has tweeted to reveal that his tunnelling and transportation startup, The Boring Company, will be launch in China later this month. Musk is due to speak at an AI conference, called the World Artificial Intelligence Conference, taking place in Shanghai on August 29-31. Replying […]
Facebook to admit ownership of Instagram, WhatsApp in barely visible small-print
Aug 03, 10:04AM
For the first time in more than half a decade, Facebook wants to inform you that it owns Instagram, the hyper-popular rival social networking app it acquired for a $1BN steal back in 2012. Ditto messaging platform WhatsApp — which Mark Zuckerberg splurged $19BN on a couple of years later to keep feeding eyeballs into […]
MaC Ventures, the brainchild of Adrian Fenty and Marlon Nichols, is quietly making its first investments
Aug 02, 11:26PM
MaC Ventures, the new Los Angeles-based investment firm formed from the merger of Cross Culture Ventures and M Ventures, has quietly started deploying capital from its fund. One of the firm’s first disclosed investments is Edge Delta, which announced a $3 million seed round earlier this week. The Seattle-based company, which has a tool to […]
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