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Report: WeWork cofounder Adam Neumann may have to unload property to pay off a giant loan
Oct 04, 11:19PM
Adam Neumann may be out of the daily flow of WeWork, but he seemingly remains top of mind to some of the company’s bankers. According to a new Business Insider piece, Neumann is working with JPMorgan, UBS, and Credit Suisse to consider new terms for a $500 million loan that he took out before WeWork […]
And the winner of Startup Battlefield at Disrupt SF 2019 is… Render
Oct 04, 11:16PM
Startups participating in the Startup Battlefield have all been hand-picked to participate in our highly competitive startup competition. They all presented in front of multiple groups of VCs and tech leaders serving as judges for a chance to win $100,000 and the coveted Disrupt Cup. After hours of deliberations, TechCrunch editors pored over the judges' […]
NASA calls for input on Moon spacesuits and plans to source them commercially in future
Oct 04, 11:07PM
NASA issues a new formal request for info from industry specifically around spacesuits. The agency is hoping to gather information in order to help it figure out a future path for acquisition of spacesuit production and services from external industry sources. That doesn’t mean it’s outsourcing its spacesuit design and production immediately – NASA will […]
$35M-funded Omni rentals in acqui-hire talks with Coinbase
Oct 04, 10:17PM
Physical storage-turned-rentals startup Omni is dealing with layoffs today, two sources familiar with the situation tell TechCrunch. Omni just shed seven operations team members. The startup is in talks to sell its engineering team to Coinbase after also receiving interest from Thumbtack. Omni’s rental business was doing poorly without enough users paying a few bucks […]
HTC's new CEO discusses the phonemaker's future
Oct 04, 10:00PM
On September 17, HTC announced that cofounder Cher Wang would be stepping down as CEO. In her place, Yves Maitre stepped into the role of Chief Executive, after more than a decade at French telecom giant, Orange. It's a tough job at an even tougher time. The move comes on the tail of five consecutive […]
How 'the Internet broke America' with The New Yorker's Andrew Marantz
Oct 04, 9:44PM
When Elizabeth Warren took on Mark Zuckerberg and Facebook earlier this week, it was a low moment for what New Yorker writer Andrew Marantz calls "techno-utopianism." That the progressive, populist Massachusetts Senator and leading Democratic Presidential candidate wants to #BreakUpBigTech is not surprising. But Warren's choice to spotlight regulating and trust-busting Facebook was nonetheless noteworthy, […]
PayPal is the first company to drop out of the Facebook-led Libra Association
Oct 04, 8:44PM
PayPal has become the first company to walk away officially from Facebook’s Libra, a cryptocurrency and related association that it announced earlier this year with a chain of nearly 30 big names behind the effort to help build and operate services around it. “PayPal has made the decision to forgo further participation in the Libra Association […]
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 […]
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