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PayPal is the first company to drop out of the Facebook-led Libra Association
Oct 04, 8:44PM
PayPal is the first company to walk away from Facebook’s Libra cryptocurrency. PayPal’s decision to take its ball and go home was first reported by The Wall Street Journal . “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing […]
Annual Extra Crunch members can receive $1,000 in AWS credits
Oct 04, 8:43PM
We’re excited to announce a new partnership with Amazon Web Services for annual members of Extra Crunch. Starting today, qualified annual members can receive $1,000 in AWS credits. You also must be a startup founder to claim this Extra Crunch community perk. AWS is the premier service for your application hosting needs, and we want […]
As Sinai Ventures returns first fund, partner Jordan Fudge talks new LA focus
Oct 04, 8:08PM
At age 27, Jordan Fudge is quietly making a splash in the VC world. Fudge is the managing partner of Sinai Ventures, a multi-stage VC fund that manages $100 million and has more than 80 portfolio companies including Ro, Drivetime, Kapwing, and Luminary. His 2017 investment in Pinterest — a secondary shares deal from his […]
Snap CEO isn't expecting much from Facebook antitrust investigations
Oct 04, 7:42PM
Facebook’s relentless feature copy of Snapchat has been seen as one of the chief examples of the company’s competitive overreach, but Snap CEO Evan Spiegel isn’t sure whether antitrust activity from the government is going to change the company’s near-term prospects of competing with Instagram. “I mean the history of antitrust would basically say that […]
Amid mounting concerns around vaping cannabis, entrepreneurs say regulators need to step up
Oct 04, 7:27PM
As concerns over the safety of vaping products for cannabis sweeps across the country, executives in the industry are passing the buck to regulators to come up with a solution. The need for national regulation touches everything from how to bank cannabis businesses to how to manage the distribution of cannabis products, but the pain […]
How you shouldn't handle your data breach
Oct 04, 7:06PM
So you’ve had a data breach. Don’t worry, it’s not just you. These days it happens to everyone, no matter how large or small your company is. It’s almost inevitable, some might say, and not a case of if but when. A lot is already out of your control. Whether a hacker broke in and […]
Top VCs on how to break into venture capital
Oct 04, 6:56PM
These are the two most common paths to venture.
Daily Crunch: Facebook faces government pressure over encryption
Oct 04, 6:17PM
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. Facebook is being leaned on by US, UK, Australia to ditch its end-to-end encryption expansion plan U.S. Attorney General William Barr, […]
Amid AR/VR experiments, Apple buys UK visual effects studio
Oct 04, 6:08PM
Apple has reportedly acquired U.K. special effects studio IKinema, a startup that may be useful in Apple’s quest to bolster its mobile devices with AR special effects and in its more far-flung attempts to enter the AR/VR headset market. The company issued its standard confirmation for the deal to TechCrunch “Apple buys smaller companies from […]
Ellen Pao calls out Twitter's 'public town square' model as flawed
Oct 04, 6:00PM
Project Include CEO Ellen Pao, who has been working to foster diversity, inclusion and ethics in the tech industry, called out Twitter's "public square" model as flawed — and a decision that indicates a lack of ethical consideration, on Twitter’s part. The topic of Twitter came up on a panel at TechCrunch Disrupt SF 2019 […]
Former Tinder CEO strikes back against sexual misconduct accusations with defamation lawsuit
Oct 04, 5:41PM
Former Tinder CEO Greg Blatt has filed a defamation lawsuit against Sean Rad and Rosette Pambakian, seeking at least $50 million in damages and accusing them of having “conspired to make false allegations of sexual harassment and sexual assault against Blatt with the specific intent to damage Blatt's good name, personal and professional reputation, and […]
Microsoft says Iranian hackers targeted a 2020 presidential candidate
Oct 04, 4:18PM
Microsoft said it has found evidence that hackers associated with Iran have targeted a 2020 presidential candidate. The tech giant’s security and trust chief confirmed the attack in a blog post, but the company would not say which candidate was the target. The threat group, which Microsoft calls Phosphorous — also known as APT 35 […]
Amazon's Prime Video app disappears from the App Store [Updated]
Oct 04, 4:16PM
In what we understand was a “technical issue”, the Amazon Prime Video app disappeared from the Apple App Store, making it unavailable for new downloads or updates to users both on iOS and Apple TV. Twitter users began to tweet to Amazon for help about the problem on Friday morning, to which Amazon’s support channels […]
Stephen Curry invests in Guild Education
Oct 04, 4:00PM
Stephen Curry, along with SC 30, Inc. President Bryant Barr, just announced an investment in Guild Education, which helps Fortune 1000 companies, like Disney and Lowe’s, offer debt-free degrees to their employees. “We pioneered what we call education as a benefit,” Guild Education co-founder and CEO Rachel Carlson told TechCrunch. “We’re the tech platform and […]
Alteryx acquires machine learning startup Feature Labs
Oct 04, 2:32PM
Alteryx, a publicly traded analytics company, announced this morning that it has acquired Feature Labs, a machine learning startup that launched out of MIT in 2018. The company did not reveal the terms of the deal. Co-founder and CEO Max Kanter told TechCrunch at the time of the launch the company had been based on […]
Why San Francisco is still the gold mine for tech startups
Oct 04, 1:00PM
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast where each week we discuss other people's copious dollars and lacking sense. This week was special! Kate and Alex were at Disrupt where they recorded live in front of an audience. Equity has recorded at Disrupt before. Equity has taped before an audience before. But this […]
AI Medical Service raises $42.9 Series B for AI-based software that checks endoscopy scans for signs of cancer
Oct 04, 11:00AM
AI Medical Service, a Tokyo-based company developing AI-based software to help detect gastric cancer, announced today that it has raised a $42.9 million Series B. Investors include Globis Capital Partners, World Innovation Lab and Sony Innovation Fund by IGV. The funding will be used for clinical trials of its software, which looks for signs of […]
Tourlane co-founder Julian Stiefel to speak at TechCrunch Disrupt Berlin this December
Oct 04, 8:10AM
Back in May, Tourlane raised $47 million in its ongoing mission to address the complex problems that still exist today around booking group travel. Tourlane has become a major player in this sector. We're excited to announce that co-founder/co-CEO Julian Stiefel will be speaking at Disrupt Berlin in December! Tourlane works directly with service providers […]
Google-backed Dunzo raises $45M to expand its hyperlocal delivery startup in India
Oct 04, 7:42AM
An Indian startup that is increasingly posing a threat to established food and grocery delivery businesses and e-commerce giants just closed a new financing round to expand its business in the nation. Bangalore-based Dunzo said today it has raised $45 million from Google, Lightbox Ventures, STIC Investment and STIC Ventures, and 3L Capital in a […]
Here are the five Startup Battlefield finalists at Disrupt SF 2019
Oct 04, 3:00AM
Over the past two days, 20 startups have taken the stage at Disrupt SF, laying out their visions, demonstrating their technology and answering questions from our expert judges. The startups came from all across the world, and they’re tackling industries ranging from cholera detection to orbital refueling. Now we’ve taken the judges’ feedback and chosen […]
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