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We look at an in-depth screener app for COVID-19, U.S. stocks take another tumble and Apple extends its free trial for Final Cut Pro and Logic Pro. Here’s your Daily Crunch for March 27, 2020.
Stay safe and socially distanced this weekend!
1. Clearstep’s COVID-19 chat-based screener goes in-depth to preserve healthcare resources
There are a growing number of symptom checker and screening tools that you can use at home if you suspect you might have contracted the new coronavirus that is causing the global COVID-19 pandemic. Most of these are relatively simple, including three or four questions that cover the top reported symptoms experienced by anyone who has confirmed to have had the disease.
In contrast, chatbot-based symptom checking software startup Clearstep has created its own COVID-19 screener, which goes more in-depth to combine symptom checking with screening for potential exposure to the virus.
2. Stocks fall sharply Friday morning as the mid-week recovery falls short
The major American stock market indices are down sharply this morning at the open, with stocks falling after a multi-day rally helped shave some losses off their calendar-year results.
3. Apple extends free trials for its pro creative apps
Apple announced today that they are temporarily extending the free trials on Final Cut Pro X and Logic Pro X from 30 days to 90 days, giving potential customers stuck at home a longer window of time to try out the software. With this announcement, Apple joins a number of other software companies extending the free trials of their products in the midst of the COVID-19 crisis.
4. Yelp pauses GoFundMe Covid-19 fundraising after opt-out outcry
A fundraising program that Yelp and GoFundMe put in place this week to help local businesses impacted by the COVID-19 pandemic has been paused after public outcry over how it was rolled out — specifically, controversy over how the two provided no easy and quick way to opt out of the fundraising.
5. Smart telescope startups vie to fix astronomy’s satellite challenge
The stakes involved are high, with projects like Starlink (the satellite branch of SpaceX) potentially being central to the future of global internet coverage, especially as new infrastructure implements 5G and edge computing. At the same time, satellite clusters — whether from Starlink or national militaries — could threaten the foundations of astronomical research. (Extra Crunch membership required.)
6. Notarize to add 1,000 online notaries to address demand for remote transactions
The startup is partnering with the National Notary Association to verify notaries have been screened and have the necessary insurance or bonding. The service is available to Americans in all 50 states or abroad, but notaries must be physically located in Florida, Nevada, Texas or Virginia to join the platform.
7. Social Bluebook was hacked, exposing 217,000 influencers’ accounts
Social Bluebook, a Los Angeles-based company, allows advertisers to pay social media “influencers” for posts that promote their products and services. The company claims it has some 300,000 influencers on its books, but in October 2019, its entire backend database was stolen in a data breach.
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Nokia announces a big leadership change, an AT&T streaming service expands and we look at how our jobs may have to evolve during to the coronavirus pandemic. Here’s your Daily Crunch for March 2, 2020.
1. Rajeev Suri to step down as Nokia CEO; Pekka Lundmark to take over
The company, like its rivals Sweden-based Ericsson and Chinese giant Huawei, has shifted its attention in recent years to aggressively build a portfolio of technologies and products for 5G networks.
“After 25 years at Nokia, I have wanted to do something different,” said Rajeev Suri, who will leave his current position on August 31 and continue to serve as an advisor to the Nokia Board until the end of this year. Pekka Lundmark is expected to start in his new role on September 1.
2. Streaming service AT&T TV launches nationwide, but isn’t meant for cord cutters
Not to be confused with AT&T TV Now — AT&T’s over-the-top live TV service aimed at cord-cutters, previously called DirecTV Now — the new service is more of an alternative to AT&T-owned DirecTV. AT&T TV offers hundreds of live TV channels, plus 40,000 on-demand titles, and 500 hours of DVR space on a set-top box.
3. How to work during a pandemic
The world is bracing for the seemingly inevitable proliferation of the COVID-19 coronavirus, which has already paralyzed cities and isolated millions. Devin Coldewey offers some guidelines for CEOs, aspiring founders and tech industry employees on how they can continue working in this environment.
4. mParticle raises $45M to help marketers unify customer data
A whole industry of customer data platforms has sprung up since mParticle was founded back in 2013, all offering tools to help marketers create a single view of their customers by unifying data from various sources.
5. Making money from games: The future of virtual economies
In part six of our series about “multiverse” virtual worlds, we explore the dynamics of games’ virtual economies, the exchange of virtual assets for real money, challenges with money laundering and underage gambling, the compliance infrastructure needed for virtual economies and the challenges in balancing a virtual economy’s monetary supply. (Extra Crunch membership required.)
6. India’s Spinny raises $43.7M to expand its online platform for selling used cars
Niraj Singh, co-founder and chief executive of the startup, told TechCrunch that Spinny brings the trust factor that people are looking for when they are purchasing a car.
7. This week’s TechCrunch podcasts
The latest full-length episode of Equity looks at the stock market’s tumble due the coronavirus pandemic, while the Monday news roundup discusses the continuing trickle of tech IPOs. (Original Content will be back next week!)
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.
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DoorDash prepares to go public, Roblox raises $150 million and Reddit’s CEO takes aim at TikTok. Here’s your Daily Crunch for February 27, 2020.
1. DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO
The company said that its Form S-1 (a draft registration statement) was filed with the SEC and is now being reviewed. It did not say how many shares it would potentially sell, nor the price range for the IPO, nor what the timing of its next steps would be.
The timing of the news underscores just how cash-intensive the on-demand food delivery business can be. DoorDash closed its latest round, for $700 million at a $13 billion valuation, in November of last year.
2. Roblox raises $150M Series G, led by Andreessen Horowitz, now valued at $4B
The funding comes at a period of significant growth for the gaming platform. Just last summer, it was being visited by 100 million users, topping Minecraft, and its developer community of over 2 million actives earned $110 million in 2019.
3. Reddit CEO: TikTok is ‘fundamentally parasitic’
At the Social 2030 conference, Reddit CEO Steve Huffman pushed back hard on the notion that Silicon Valley startups had something to learn from TikTok, saying, “Maybe I’m going to regret this, but I can’t even get to that level of thinking with them. Because I look at that app as so fundamentally parasitic, that it’s always listening, the fingerprinting technology they use is truly terrifying, and I could not bring myself to install an app like that on my phone.”
4. Apple to begin online sales in India this year, open first retail store in 2021
For a decade, Apple has solely relied on third-party sellers, stores and marketplaces to sell its products in India. That will begin to change this year.
5. What virtual worlds in the coming multiverse era will look like
In Part 3 of our virtual worlds series, we imagine what the experience of these new social environments will feel like. (Extra Crunch membership required.)
6. Dahmakan, a Malaysian ‘full-stack’ food delivery startup, raises $18M Series B
Launched by former executives from Foodpanda, Dahmakan was the first Malaysian startup to participate in Y Combinator’s startup accelerator program. Operational costs for food delivery companies are notoriously high, but Dahmakan is among several startups that use “cloud” kitchens, located closer to customers, to reduce delivery costs.
7. Vice President Mike Pence will lead the US response to the COVID-19 outbreak
In a press conference, President Donald Trump tapped Vice President Mike Pence to lead the U.S. response to the COVID-19 outbreak that has spread through Europe, Asia and Latin America. The new coronavirus strain has infected about 81,000 people around the world, killed 3,000 and wrought havoc on the global economy.
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.
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Sony announces a camera-centric phone, Microsoft offers more details about the next Xbox and a liquid biopsy startup raises $165 million. Here’s your Daily Crunch for February 24, 2020.
1. Sony announces its first 5G flagship, the triple lens Xperia 1 II
Sony has announced its first 5G smartphone: The Xperia 1 II — for the curious or confused, it’s pronounced “Xperia One, Mark Two.”
As ever with Sony — a major B2B supplier of image sensors to other smartphone makers — it has made the camera a huge focus. The Xperia 1 II packs three lenses that offer a selection of focal lengths (16mm, 24mm and 70mm) for capturing different types of photos, from super wide angle to portraits.
2. Microsoft offers a closer look at the next Xbox
The headline feature of the upcoming Xbox Series X is, naturally, a new processor. Built on top of AMD Zen 2 and RDNA 2 architecture, Xbox says the chip is able to deliver four times the processing power of the Xbox One.
3. Karius raises $165M for its liquid biopsy technology identifying diseases with a blood draw
Liquid biopsy technology has been widely embraced in cancer treatments as a way to identify which therapies may work best for patients, based on the presence of trace amounts in a patient’s bloodstream of genetic material shed by cancer cells. Karius applies the same principles to the detection of pathogens in the blood.
4. Europe’s Target Global raises new €120M early-stage fund
Dubbed “Early Stage Fund II,” the new vehicle will see the firm continue to back early-stage tech companies across Europe and Israel, leading and co-leading seed and Series A rounds.
5. Sensors are the next big thing in space, not starships
“In 2020 I really, really look forward to and hope to see different, new creative types of sensors that are utilizing low Earth orbit for benefits back on Earth,” Bessemer VP Tess Hatch told us in a recent interview. (Extra Crunch membership required.)
6. The Plaid ‘mafia’ begins with John Whitfield joining student loan fintech startup Summer
So far this year, one of the most eye-popping startup exits has been Visa’s $5.3 billion acquisition of fintech data services platform Plaid. Could this be the start of a brand new mafia born out of fintech, à la PayPal?
7. This week’s TechCrunch podcasts
The latest full episode of Equity has a counter-intuitive message — equity isn’t always the answer for companies looking to fundraise. Meanwhile, the shorter Monday segment looks at declining stocks around the world. And on Original Content, we review the new Netflix series “Locke & Key.”
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.
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Twitter is rolling out a “continue thread” button, ViacomCBS has big plans for its streaming service and Morgan Stanley acquires E-Trade. Here’s your Daily Crunch for February 20, 2020.
1. Twitter adds a button so you can thread your shower thoughts
Twitter is adding a new feature for mobile users to make it easier to link dispersed tweets together. Per 9to5Mac, the feature — which Twitter tweeted about yesterday — is slowly rolling out to its iOS app. (At the time of writing we spotted it in Europe.)
The feature lets you pull down as you’re composing a tweet to create a thread, or to see a “continue thread” option.
2. CBS All Access to gain content from Nick, MTV, Comedy Central, Paramount Pictures & more
Until now, CBS All Access was of primary interest to Star Trek fans, but in today’s otherwise underwhelming Q4 earnings of the newly merged ViacomCBS, the company said the plan is to launch a new “broad pay” streaming service that will include CBS All Access content along with other ViacomCBS assets in film and TV.
3. What the $13B E-Trade deal says about Robinhood’s valuation
News broke this morning that Morgan Stanley, a banking behemoth, will buy E-Trade, an online brokerage and financial services firm, for around $13 billion in stock. Meanwhile, Robinhood has about twice the accounts as E-Trade — but E-Trade probably has more assets under management. (Extra Crunch membership required.)
4. A group of ex-NSA and Amazon engineers are building a ‘GitHub for data’
Data is often highly sensitive and out of reach, kept under lock and key by red tape and compliance, requiring weeks for approval. So the aforementioned engineers started Gretel, an early-stage startup that aims to help developers safely share and collaborate with sensitive data in real time.
5. HungryPanda, a food delivery app for Chinese communities, raises $20 million
Founded in the United Kingdom, where its service first launched in Nottingham, HungryPanda is now available in 31 cities in the U.K., Italy, France, Australia, New Zealand and the U.S.
6. Google gobbling Fitbit is a major privacy risk, warns EU data protection advisor
The European Data Protection Board has intervened to raise concerns about Google’s plan to scoop up the health and activity data of millions of Fitbit users. Google confirmed its plan to acquire Fitbit last November, but regulators are in the process of considering whether to allow the tech giant to gobble up all of Fitbit’s data.
7. Sling TV reports first-ever subscriber decline
This week, the company reported its first-ever decline in Sling TV subscribers, with a drop of 94,000 customers in the fourth quarter. Dish says the streaming service ended the year with 2.59 million total subscribers.
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.
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Apple says the coronavirus outbreak will hurt its manufacturing and sales, Jeff Bezos makes a big commitment to fighting climate change and SpaceX launches more Starlink satellites. Here’s your Daily Crunch for February 18, 2020.
1. Apple will miss revenue forecast as coronavirus impacts its manufacturing and sales
In a letter to investors, Apple said that it “do[es] not expect to meet the revenue guidance we provided for the March quarter” due to impacts stemming from the coronavirus that has shuttered large parts of China, and is reverberating through the global economy.
As China’s return to work has proved halting, and the coronavirus itself more intractable than some anticipated, the company’s change in guidance is almost unsurprising — but that hasn’t stopped Apple’s stock price from falling this morning.
2. Jeff Bezos announced a $10 billion fund to fight climate change
Jeff Bezos announced on Instagram that he’s creating a $10 billion fund to combat climate change. He said the Bezos Earth Fund will finance “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.”
3. SpaceX successfully launches 60 more Starlink satellites but misses booster landing
SpaceX has launched a batch of 60 Starlink satellites into orbit, marking its fifth overall launch of a group of 60 of the small spacecraft, and its third this year alone. This launch brings the total Starlink constellation to 300 satellites in orbit, extending SpaceX’s lead as the largest commercial satellite operator in the world.
4. Redbox enters the free, ad-supported streaming market
Oddly, Redbox Free Live TV isn’t live at all — at least, not in the way that you’d get with a TV streaming service like YouTube TV or Hulu with Live TV. Instead, it offers a curated set of ad-supported movies and TV shows, similar to The Roku Channel, IMDb TV or TiVo Plus.
5. How TikTok decides who to make famous
The co-founders of video startup Trash take a deep dive into the TikTok ecosystem, particularly its extensive content moderation. (Extra Crunch membership required.)
6. Atomico raises new $820M fund to back ‘mission-driven’ European founders at Series A and beyond
The London-headquartered VC firm’s previous fund closed at $765 million, so this is an increase over three years ago. However, the remit remains largely the same. Atomico says it plans to double down on its strategy of backing “mission-driven” European founders at Series A, but with the ability to invest in what it calls “breakout” companies at the Series B and C stage.
7. Black haircare startup Naza Beauty just raised $1 million from Alexis Ohanian’s Initialized Capital
At its most basic level, it’s like Drybar — with a menu of styles — but for women of color. On the tech side, Naza’s software functions as a booking and payments platform, which also learns the styles of each customer and then makes product recommendations.
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.
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1. HQ Trivia shuts down after acquisition falls through
HQ Trivia is dead. On Valentine’s Day, the company laid off its full team of 25. The company had a deal in the works to be acquired, but the buyer pulled out and the investors aren’t willing to fund it any longer, according to a statement from CEO and co-founder Rus Yusupov.
At least the game went out with a bonkers finale, where the hosts cursed, sprayed champagne, threatened to defecate on the homes of trolls in the chat window and begged for new jobs.
2. Living with the Samsung Galaxy Z Flip
Brian Heater says he enjoyed his (admittedly brief) time with the Galaxy Z Flip. In fact, in many ways, it’s exactly the device that Samsung’s original foldable should have been.
3. Google ends its free Wi-Fi program Station
Google is winding down Google Station, a program where it worked with partners to bring free Wi-Fi to more than 400 railway stations in India and “thousands” of other public places in several additional pockets of the world.
4. Facebook pushes EU for dilute and fuzzy internet content rules
“I do think that there should be regulation on harmful content,” said CEO Mark Zuckerberg during a Q&A session at the Munich Security Conference. He then suggested that Facebook should fall “somewhere in between” media and telco regulation.
5. Is tech socialism really on the rise?
In the second part of our interview with writer/ethicist Ben Tarnoff, he goes in-depth on the relationship between socialism and technology. (Extra Crunch membership required.)
6. Oyo’s revenue surged in FY19, but loss widened, too
Budget-lodging startup Oyo on Monday reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the India-headquartered firm grows cautious about its aggressive expansion. (Yes, it seems a bit late to be talking about earnings from 2018-19, but that’s how Indian finance law works.)
7. This week’s TechCrunch podcasts
The latest full episode of Equity discusses a big funding round for meditation app Headspace, while its Monday news roundup looks at global growth concerns due to coronavirus. And over at Original Content, we’ve got a review of “Mythic Quest,” the video game-focused comedy on Apple TV+.
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1. GSMA cancels Mobile World Congress due to coronavirus concerns
“The GSMA has cancelled MWC Barcelona 2020 because the global concern regarding the coronavirus outbreak, travel concern and other circumstances, make it impossible for the GSMA to hold the event,” CEO John Hoffman said in a statement.
Over the past few days, dozens of big name exhibitors announced they would skip this year’s show. MWC usually attracts more than 100,000 attendees from 200 countries to Barcelona.
2. Andy Rubin’s Essential shuts down
Essential was supposed to disrupt the smartphone industry, but it struggled with bad timing, broader industry issues and a founder embroiled in troubling allegations of sexual misconduct, ultimately failing to make it far beyond the launch of its first handset.
3. Astranis raises $90 million for its next-gen satellite broadband internet service
The funding will be used to help the company launch its first commercial satellites, which will be the bedrock of its future internet service offering, aimed at connecting the massive market of underserved populations around the world. The company’s focus on geostationary satellites — rather than satellites that hand off their connection through a kind of relay system — makes it different from many of the other entrants in the satellite internet race.
4. A new senate bill would create a US data protection agency
Sen. Kirsten Gillibrand (D-NY) has published a bill which, if passed, would create a U.S. federal data protection agency designed to protect the privacy of Americans, with the authority to enforce data practices across the country.
5. Will Apple, Facebook or Microsoft be the future of augmented reality?
While there are more AR platforms than the big three mentioned in the headline, Digi-Capital’s Tim Merel argues that they represent the top of the pyramid for three different types of AR roadmap. (Extra Crunch membership required.)
6. Facebook Dating launch blocked in Europe after it fails to show privacy workings
Facebook has been left red-faced after being forced to call off the launch date of its dating service in Europe because it failed to give its lead EU data regulator enough advanced warning, and it failed to demonstrate it had performed a legally required assessment of privacy risks.
7. Intuition Robotics raises $36M for its empathetic digital companion
The company, best known for its ElliQ home robot for the elderly, also disclosed that it’s working with the Toyota Research Institute to bring its technology to the automaker’s LQ concept. Intuition’s goal is to build digital assistants that can create emotional bonds between humans and machines.
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1. As top exhibitors pull out of MWC, organizers implement stringent safeguards
A couple of weeks before the event, the organizers of Mobile World Congress have issued some fairly sweeping safeguards over growing concerns around the coronavirus. After a number of high-profile back-outs, the organizers announced a ban of visitors originating from the Hubei province, whose capital Wuhan is believed to be the origin of the epidemic.
Following this news on Sunday, Sony and Amazon also pulled out of MWC.
2. NASA and ESA’s Solar Orbiter begins its nearly two-year journey to the Sun
After years of development, an exciting new scientific research spacecraft has launched on its journey to study our solar system’s central player: the Sun.
3. Netflix’s movies only won two Oscars this year
Two Oscars — Best Actress in a Supporting Role for Laura Dern’s performance in “Marriage Story” and Best Documentary Feature for “American Factory” — are a respectable showing for a studio that only started making movies a few years ago. Yet it still feels like a disappointment, given Netflix’s 24 nominations and its aggressive Oscar campaigns.
4. Starling Bank raises another £60M from existing backers
Starling Bank, the U.K.-based challenger bank founded by banking veteran Anne Boden, has raised another £60 million from its existing investors, Merian Global Investors and Harry McPike’s JTC. Starling is also disclosing that customers have opened 1.25 million consumer and business accounts since its banking app launched in May 2017.
5. The team behind Apple’s ‘Mythic Quest’ says video games aren’t the punch line
When video game publisher Ubisoft first approached “It’s Always Sunny in Philadelphia” stars Rob McElhenney and Charlie Day about creating a new show set in the game industry, McElhenney said they weren’t interested — at least not initially. But a visit to Ubisoft’s Montreal office changed his mind.
6. Index Fund’s portfolio is driving long-overdue innovation in femcare
We chatted with Index principal Hannah Seal about the fund’s investment in tampon startup Daye and her broader thoughts on a new generation of female-focused startups. (Extra Crunch membership required.)
7. This week’s TechCrunch podcasts
The Equity team has some thoughts about Casper’s IPO, as well as the strong post-IPO performance of One Medical. And over on Original Content, we review Netflix’s Taylor Swift documentary “Miss Americana” — even if you’re not a Swiftie, I think we had a fun conversation about celebrity culture.
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1. Jeff Weiner will step down as CEO of LinkedIn June 1, product head Ryan Roslansky steps up
The changes are LinkedIn’s first big executive shakeup since the company was acquired by Microsoft in 2016. It’s notable that both of the new appointments (Roslansky and new product head Tomer Cohen) involve long-time LinkedIn executives — they’re not looking to rock the boat too much.
Weiner, meanwhile, says that LinkedIn was his “dream job” and that he’s moving on to the next “dream job” as executive chairman. But we expect to start seeing his name floated for other CEO roles very shortly.
2. Ancestry lays off 6% of staff as consumer genetic testing market continues to decline
The move from Ancestry follows job cuts at 23andMe in late January, which saw 100 staffers lose their jobs (or roughly 14% of its workforce). The genetic testing company Illumina has been warning of softness in the direct-to-consumer genetic testing market as well.
3. Twitter reports $1.01B in Q4 revenues with 152M monetizable daily active users
Twitter posted $1.01 billion in sales — the first time its revenues have broken past the billion-dollar mark — due to a strong quarter in advertising sales. However, net income and earnings per share both saw significant drops from the same period a year ago.
4. Google Maps adds more crowdsourced transit data and gets a new navigation bar
Google is updating Google Maps on Android and iOS with a revamped tab bar at the bottom, a new icon and a couple of new features. In particular, the company is putting more emphasis on user-generated content and recommendations.
5. Where top VCs are investing in open source and dev tools (Part 1 of 2)
We asked 18 of the top open-source-focused VCs to share what’s exciting them most and where they see opportunities. For purposes of length and clarity, responses have been edited and split (in no particular order) into part one and part two of this survey. (Extra Crunch membership required.)
6. Reddit partners with Tagboard to bring its content to TV broadcasts
Through this partnership, broadcast networks will be able to easily display Reddit’s content on TV. That includes Reddit’s unique content like AMA (Ask Me Anything) recaps and Photoshop battles, as well as popular posts and comments.
7. NASA astronaut Christina Koch returns to Earth after record-setting stay in space
Koch spent 328 consecutive days at the International Space Station. She’s second only to Scott Kelley, who spent 340 days in space, and she’s officially the woman with the longest stay in space worldwide, passing fellow U.S. astronaut Peggy Whitson’s record of 289 days.
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