Zappos Puts Its Foot Down on ‘Shoeperstitous’ Internet Trends
The online shoe giant surveyed 2,000 Americans to debunk viral shoe theories that may be bad for business.
Own, a new social media app, aims to tokenize the creator economy
Own is the latest alternative to TikTok to emerge in the market, featuring blockchain technology and a token economy.
March 2023
TuSimple co-founder resigns, accused of poaching staff for new venture
TuSimple’s co-founder, Xiaodi Hou, resigned from the company’s board of directors last week amid an internal investigation which sought to verify claims that Hou approached TuSimple employees about leaving the company to join his new venture, per an SEC filing. Sources familiar with the matter told TechCrunch a “whistleblower” informed upper management about Hou’s solicitations […]
TuSimple co-founder resigns, accused of poaching staff for new venture by Rebecca Bellan originally published on TechCrunch
Bomb Threat Found in Bathroom Grounds United Flight in Vermont for Hours
Officials confirmed nothing suspicious was found on the plane that landed at Burlington International Airport.
Indonesia’s Broom builds out automated asset-backed lending for used car dealers
The Indonesian used car market is on a course for growth fueled by a number of trends: the increasing digitization in used car sales; a larger variety of finance options; and the COVID-19 pandemic, which pushed the idea of private car ownership. Broom, an Indonesia-based auto-financing startup that wants to help used car dealers work more […]
Indonesia’s Broom builds out automated asset-backed lending for used car dealers by Kate Park originally published on TechCrunch
Fortnite’s maximalism still works in its new cyberpunk season
After a handful of eclectic recent chapters, Fortnite’s latest is taking a theme and running with it. Chapter Four, Season Two of Fortnite went live over the weekend, revamping the game’s central island (which got a full makeover last season) while going full futuristic. The result is a cyberpunk fever dream, with Fortnite’s bucolic rolling […]
Fortnite’s maximalism still works in its new cyberpunk season by Taylor Hatmaker originally published on TechCrunch
Microsoft lays off an ethical AI team as it doubles down on OpenAI
Microsoft laid off an entire team dedicated to guiding AI innovation that leads to ethical, responsible and sustainable outcomes. The cutting of the ethics and society team, as reported by Platformer, is part of a recent spate of layoffs that affected 10,000 employees across the company. The elimination of the team comes as Microsoft invests […]
Microsoft lays off an ethical AI team as it doubles down on OpenAI by Rebecca Bellan originally published on TechCrunch
Silicon Valley Bank’s new CEO sends letter to clients: ‘We are conducting business as usual’
Silicon Valley Bank’s clients received a surprising email in their inboxes late Monday evening from the bank’s new CEO Tim Mayopoulos stating that the institution was not only open, it was also business as usual. “Silicon Valley Bank, N.A. is open and conducting business as usual,” the email, obtained by TechCrunch from multiple sources, read. […]
Silicon Valley Bank’s new CEO sends letter to clients: ‘We are conducting business as usual’ by Natasha Mascarenhas originally published on TechCrunch
California court upholds Prop 22 in win for Uber, Lyft, DoorDash
A California appeals court on Monday reversed a lower-court ruling that found Proposition 22, the ballot measure passed in November 2020 that classified Uber and Lyft drivers as independent contractors rather than employees, to be illegal. The decision by three appeals court judges, first reported by The Wall Street Journal, is a win for app-based […]
California court upholds Prop 22 in win for Uber, Lyft, DoorDash by Rebecca Bellan originally published on TechCrunch
Arrival nabs $300M lifeline, but is still seeking more funds
Struggling electric vehicle company Arrival has secured a $300 million lifeline to help it stay in business into late 2023, but no later. The company is seeking additional dedicated funds to develop its XL delivery vans for the U.S. market and start production in Charlotte, North Carolina by 2024. Arrival announced the $300 million equity […]
Arrival nabs $300M lifeline, but is still seeking more funds by Rebecca Bellan originally published on TechCrunch
Finding your startup’s valuation: An angel investor explains how
A fair valuation that feels good to both the founder and investor will lead to a partnership in which both sides win.
Finding your startup’s valuation: An angel investor explains how by Ram Iyer originally published on TechCrunch