Extra Crunch roundup: Antitrust jitters, SPAC odyssey, white-hot IPOs, more
Some time ago, I gave up on the idea of identifying a thread that could connect each story in this weekly roundup. There are no unified theories for technology news.
TechCrunch | 16-Jan-2021 02:09

Facebook blocks new events around DC and state capitols
As a precaution against coordinated violence as the US approaches President-elect Joe Biden’s inauguration, Facebook announced a few new measures it’s putting in place. In a blog post and tweets from Facebook Policy Communications Director Andy Stone, the company explained that it would block any events slated to happen near the White House, the U.S. […]
TechCrunch | 16-Jan-2021 01:17

GitLab raises $195M in secondary funding on $6B valuation
GitLab has confirmed with TechCrunch that it raised a $195 million secondary round on a $6 billion valuation. CNBC broke the story earlier today. The company’s impressive valuation comes after its most recent 2019 Series E in which it raised $268 million on a 2.75 billion valuation, an increase of $3.25 billion in under 18 […]
TechCrunch | 16-Jan-2021 00:40

The pandemic was top of mind in the tech of CES 2021
Of course COVID-19 was bound to be an unavoidable topic during the first-ever all-virtual CES. After all, the topic is at front of mind regardless of the topic these days. Close to a year into the pandemic, presenters still understandably feel obligated to address the always-present elephant in the room. Sometimes it was as simple […]
TechCrunch | 16-Jan-2021 00:23

Daily Crunch: WhatsApp responds to privacy backlash
WhatsApp delays enforcement of a controversial privacy change, Apple may get rid of the Touch Bar in future MacBooks and Bumble files to go public. This is your Daily Crunch for January 15, 2021. The big story: WhatsApp responds to privacy backlash Earlier this month, WhatsApp sent users a notification asking them to consent to […]
TechCrunch | 16-Jan-2021 00:07

Twitter’s vision of decentralization could also be the far-right’s internet endgame
This week, Twitter CEO Jack Dorsey finally responded publicly to the company’s decision to ban President Trump from its platform, writing that Twitter had “faced an extraordinary and untenable circumstance” and that he did not “feel pride” about the decision. In the same thread, he took time to call out a nascent Twitter-sponsored initiative called […]
TechCrunch | 15-Jan-2021 23:52

Marc Lore leaves Walmart a little over four years after selling Jet.com for $3B
Marc Lore, the executive vice president, president and CEO of U.S. e-commerce for Walmart, is stepping down a little over four years after selling his e-commerce company Jet.com to the country’s largest retailer for $3 billion. Lore’s tenure at the company was a mixed bag. Walmart instituted several new technology initiatives under Lore’s tenure, but […]
TechCrunch | 15-Jan-2021 22:44

Coinbase commits to a ‘better customer experience’ following complaints
Coinbase has a problem. As interest in bitcoin has soared along with its price, the popular cryptocurrency exchange has found itself the target of a growing spate of angry customers who haven’t been able to access customer service. A quick look at Twitter tells the story. As one upset user of the service ranted earlier […]
TechCrunch | 15-Jan-2021 22:06

15 steps to fundraising a new VC or private equity fund
Based on my experience, taking the 15 steps below will help build the core of a high-performing fundraising and investor relations function.
TechCrunch | 15-Jan-2021 21:37

Lessons from Top Hat’s acquisition spree
Top Hat, a startup that digitizes textbooks and turns them into an interactive experience for college students, announced on Wednesday that it has acquired yet another business: Fountainhead Press. The acquisition marks Top Hat’s third scoop of a publishing company in the past 12 months. Top Hat’s whole business proposition is a subtweet to Zoom […]
TechCrunch | 15-Jan-2021 21:36

Group Nine’s SPAC goes public
Group Nine Media revealed last month that it was forming a SPAC (short for special purpose acquisition corporation) in order to raise money for acquisitions. The company has now moved forward with those plans, announcing last night that it had priced the SPAC’s IPO at $10 per unit, to raise a total of $200 million. […]
TechCrunch | 15-Jan-2021 21:00

Apple is extending Apple TV+ trials again
If you’ve got an Apple TV+ trial that’s set to expire sometime between now and June, good news: you’re getting some free bonus time. Apple TV+ first launched in November of 2019, alongside a one-year free trial for anyone buying a new iPhone, iPad, iPod touch, Apple TV or Mac. As those initial trials approached […]
TechCrunch | 15-Jan-2021 20:53

Desktop Metal buys fellow 3D printing company EnvisionTEC for $300M
Desktop Metal this morning announced its intention to purchase fellow 3D printing company EnvisionTEC. Founded in Germany in 2002, EnvisionTEC specializes in photopolymer additive manufacturing, putting its technology in more direct competition with the likes of 3D printing darling Carbon than Desktop Metal’s own existing portfolio. The deal follows Desktop Metal’s push to go public […]
TechCrunch | 15-Jan-2021 20:49

WhatsApp delays enforcement of privacy terms by 3 months, following backlash
WhatsApp said on Friday that it won’t enforce the planned update to its data-sharing policy until May 15, weeks after news about the new terms created confusion among its users, exposed the Facebook app to a potential lawsuit, triggered a nationwide investigation and drove tens of millions of its loyal fans to explore alternative messaging […]
TechCrunch | 15-Jan-2021 20:30

Twilio CEO Jeff Lawson says wisdom lies with your developers
Twilio CEO Jeff Lawson knows a thing or two about unleashing developers. His company has garnered a market cap of almost $60 billion by creating a set of tools to make it easy for programmers to insert a whole host of communications functionality into an application with a couple of lines of code. Given that […]
TechCrunch | 15-Jan-2021 20:12

Tracy Chou launches Block Party to combat online harassment and abuse
Block Party, an anti-harassment startup that aims to help folks feel safer on social media founded by Tracy Chou, launched today. Currently only available for Twitter, Block Party helps people filter out the content they don’t want to see and into what Block Party calls the Lockout Folder. That’s where all of the filtered-out content […]
TechCrunch | 15-Jan-2021 19:50

Fired GitHub employee who warned co-workers about Nazis is seeking legal counsel
On the day a violent mob of Trump supporters stormed the U.S. Capitol, a worried GitHub employee warned his co-workers in the D.C. area to be safe. After making a comment in Slack saying, “stay safe homies, Nazis are about,” a fellow employee took offense, saying that type of rhetoric wasn’t good for work, the […]
TechCrunch | 15-Jan-2021 19:11

DOT evaluated 11 GPS replacements and found only one that worked across use cases
The United States’ GPS system, which is operated by the Defense Department, offers every one of us critical infrastructure around what is known as positioning, navigation and timing (PNT). Positioning and navigation is obvious every time we open up a maps app, but timing is also a critical function of GPS — offering our smartphones […]
TechCrunch | 15-Jan-2021 19:03

Bumble files to go public
The dating and networking service Bumble has filed to go public. The company, launched by a former co-founder of the IAC-owned Tinder, plans to list on the Nasdaq stock exchange, using the ticker symbol “BMBL.” Bumble’s planned IPO was first reported in December. Whitney Wolfe Herd doesn’t care what she’s supposed to do Bumble CEO Whitney […]
TechCrunch | 15-Jan-2021 18:26

Corporate credit card platform Moss raises $25.5 million
German startup Moss has raised a $25.5 million (€21 million) funding round led by Valar Ventures. Existing investors Cherry Ventures and Global Founders Capital are also participating. Moss provides credit cards and a spending platform to small and medium businesses in Germany. The company has developed its own risk engine to come up with a […]
TechCrunch | 15-Jan-2021 18:21

EMA warns over doctored COVID-19 vaccine data hacked and leaked online
The European Medical Agency (EMA) has warned that information on COVID-19-related medicines and vaccines, which was stolen in a cyberattack last December and leaked online earlier this week, includes correspondence that’s been manipulated prior to publication “in a way which could undermine trust in vaccines”. It’s not clear exactly how the information — which includes […]
TechCrunch | 15-Jan-2021 17:43

A security researcher commandeered a country’s expired top-level domain to save it from hackers
In mid-October, a little-known but critically important domain name for one country’s internet space began to expire. The domain — scpt-network.com — was one of two nameservers for the .cd country code top-level domain, assigned to the Democratic Republic of Congo. If it fell into the wrong hands, an attacker could redirect millions of unknowing […]
TechCrunch | 15-Jan-2021 13:00

How Twitter is handling the 2021 US presidential transition
Twitter has set out its plans for US Inauguration Day 2021, next Wednesday, January 20, when president-elect Joe Biden will be sworn into office as the 46th US president and vice president-elect Kamala Harris will become VP. “This year, multiple challenging circumstances will require that most people experience this historic ceremony virtually,” the social media […]
TechCrunch | 15-Jan-2021 12:35

OneWeb has now raised $1.4B, with $400M from SoftBank and Hughes, to help fund its first satellite fleet
After a troubled year that saw broadband satellite operator OneWeb file for bankruptcy, get rescue finance from the UK government and Bharti, and then emerge out of that with a launch of part of its fleet last month, the London-based company today announced that it’s closed $1.4 billion in funding — money that it says […]
TechCrunch | 15-Jan-2021 11:28

Trump Administration adds Xiaomi to military blacklist
Chinese smartphone maker Xiaomi is the latest to be added to the Trump Administration’s military blacklist. On Thursday, the Department of Defense added nine more companies to its list of alleged Chinese military companies, including Xiaomi. Xiaomi was the world’s third-largest smartphone maker as of Q3 last year, coming ahead of Apple and trailing behind […]
TechCrunch | 15-Jan-2021 06:24

A theory about the current IPO market
Lots of demand, little supply, boom goes the price.
TechCrunch | 15-Jan-2021 00:18

Daily Crunch: Samsung unveils Galaxy S21 line
Samsung lowers prices with its latest Galaxy S phones, Google completes its Fitbit acquisition and Beyond Meat is coming to Taco Bell. This is your Daily Crunch for January 14, 2021. The big story: Samsung unveils Galaxy S21 line Samsung’s new line of phones includes the S21, S21+ and S21 Ultra, priced at $799, $999 […]
TechCrunch | 15-Jan-2021 00:10

The end of Plaid-Visa, and Palantir’s growing startup mafia
Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. This week we — Natasha and Danny and Alex and Grace — had a lot to get through, as the news volume in early 2021 has been rapid and serious. Sadly this means that some early-stage rounds missed the […]
TechCrunch | 14-Jan-2021 23:59

Capsule raises $2 million for its collaborative video platform aimed at brands
Capsule, a video Q&A platform aimed at brands, emerged last year in direct response to the challenges companies were facing in terms of reaching consumers during the pandemic. Now, the business has closed on $2 million in pre-seed funding. The round was led by Array Ventures and included participation from Bloomberg Beta and other angels. The […]
TechCrunch | 14-Jan-2021 23:42

12 ‘flexible VCs’ who operate where equity meets revenue share
A dozen active investors who offer funding via revenue-based, compensation-based and blended-return streams.
TechCrunch | 14-Jan-2021 22:47

Home services platform Porch acquires four companies
Only a few weeks after its SPAC IPO, Porch today announced that it has made four acquisitions, worth a total of $122 million. The most important here is probably the acquisition of Homeowners of America for $100 million, which gets Porch deeper into the home insurance space. In addition, Porch is also acquiring mover marketing […]
TechCrunch | 14-Jan-2021 22:05

Exclusive: Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last
According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partners XIV that it expects to close in March. The fund is Tiger Global’s thirteenth venture fund, despite its title — the partners might be superstitious […]
TechCrunch | 14-Jan-2021 21:19

2020 was one of the warmest years in history and indicates mounting risks of climate change
It’s official. 2020 was one of the warmest years on record, either edging out or coming in just behind 2016 for the warmest year in recorded history according to data from U.S. government agencies (The National Aeronautics and Space Administration had the year just tied with 2016, while the National Oceanic and Atmospheric Administration put […]
TechCrunch | 14-Jan-2021 21:04

5 consumer hardware VCs share their 2021 investment strategies
"Tesla is arguably the most interesting connected consumer hardware company since Apple exploded in scale with the success of the iPhone."
TechCrunch | 14-Jan-2021 20:54

iSpot expands its ad measurement platform by acquiring Ace Metrix
ISpot.tv announced today that it has acquired Ace Metrix, a deal that brings two TV and video ad measurement companies together. ISpot founder and CEO Sean Muller said that the companies have complementary solutions. After all, he said, “In simple terms, there are only two reasons why brands buy advertising — one is to deliver business […]
TechCrunch | 14-Jan-2021 20:54

This new module keeps Philips Hue bulbs connected even when the wall switch gets flipped
Philips Hue bulbs are pretty great, but they have a mortal enemy: the humble light switch. If you’ve got a Hue bulb tied to a standard light switch, flipping that switch means the Hue bulb loses power completely… along with any fancy tricks like controlling the bulb through your phone or a voice assistant. A […]
TechCrunch | 14-Jan-2021 20:14

Medium acquires social book reading app Glose
Medium is acquiring Paris-based startup Glose for an undisclosed amount. Glose has been building iOS, Android and web apps that let you buy, download and read books on your devices. The company has turned reading into a multiplayer experience, as you can build a bookshelf, share notes with your followers and start conversations in the […]
TechCrunch | 14-Jan-2021 19:31

Confusion over WhatsApp’s new T&Cs triggers privacy warning from Italy
Confusion over an update to Facebook-owned chat platform WhatsApp’s terms and conditions has triggered an intervention by Italy’s data protection agency. The Italian GPDP said today it has contacted the European Data Protection Board (EDPB) to raise concerns about a lack of clear information over what’s changing under the incoming T&Cs. In recent weeks WhatsApp […]
TechCrunch | 14-Jan-2021 19:29

Beyond Meat shares soar after inking deal with Taco Bell on new menu items
Shares of Beyond Meat are soaring on news that the company will be working with Taco Bell on new menu items. The company’s stock was up $17.13, or 13.67%, to $142.48 and climbing in midday trading after Taco Bell announced that it would embrace Beyond Meat to come up with new menu items due to […]
TechCrunch | 14-Jan-2021 19:23

Swimm raises $5.7M to help teams document their code
Most developers don’t enjoy writing documentation for their code and that makes life quite a bit harder when a new team member tries to get started on working on a company’s codebase. And even when there are documentation or in-line comments in the source code, that’s often not updated, and, over time, that information becomes […]
TechCrunch | 14-Jan-2021 19:20

Nuclear fusion tech developer General Fusion now has Shopify and Amazon founders backing it
In a brief announcement today, the Canadian nuclear fusion technology developer General Fusion announced that the investment firm created by Shopify founder Tobias Lütke has joined the company’s cap table. The size of the investment made by Lütke’s Thistledown Capital was not disclosed, but with the addition, General Fusion has the founders of the two […]
TechCrunch | 14-Jan-2021 18:42

Blue Origin successfully launches and lands key crew capsule test in first mission of 2021
Blue Origin launched its first mission of 2021, flying its New Shepard rocket in West Texas to a medium height of just over 350,000 feet. This is the first flight for this particular booster, and for the capsule it carried, which was equipped with a range of new passenger safety, control and comfort systems that […]
TechCrunch | 14-Jan-2021 18:36

Thimble teaches kids STEM skills with robotics kits combined with live Zoom classes
Parents with kids stuck learning at home during the pandemic have had to look for alternative activities to promote the hands-on learning experiences kids are missing out on due to attending class virtually. The New York-based educational technology startup Thimble aims to help address this problem by offering a subscription service for STEM-based projects that […]
TechCrunch | 14-Jan-2021 18:07

Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack
CFOs are the supposed omniscient owners of a company. While the CEO sets strategy, messages and builds culture, the CFO needs to know everything that it is going on in an organization. Where is revenue coming from, and when will it arrive? How much will new headcount cost, and when do those expenses need to […]
TechCrunch | 14-Jan-2021 18:00

Poshmark prices IPO above range as public markets continue to YOLO startups
Poshmark priced its IPO at $42 per share last night, comfortably ahead of its $35 to $39 range that already greatly boosted the company's valuation.
TechCrunch | 14-Jan-2021 17:50

Can’t figure out how to end your Amazon Prime sub? These complaints could help…
Amazon’s use of dark patterns that add friction to the process of terminating a Prime subscription is being targeted by 16 consumer rights groups in Europe and the US which are taking coordinated action to urge regulatory intervention. One of them — Norway’s Consumer Council (NCC) — has also published a report calling out what […]
TechCrunch | 14-Jan-2021 12:22

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