Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported Thursday, just days after the company announced that Jeff Shell’s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from $456 million in the same year-ago period. In the fourth quarter of 2022, Peacock […]
NBCUniversal reports higher Peacock losses as it shows CEO the door by Lauren Forristal originally published on TechCrunch
Capital efficiency remains a blind spot for most founders, who rely on a single metric to draw conclusions.
Capital efficiency is the new VC filter for startups by Walter Thompson originally published on TechCrunch
Italian climate startup Energy Dome, which has developed a “CO2 Battery” for storing renewable energy, has closed a €40 million (~$44M) Series B round — bringing the total raised for its novel energy storage solution to €54M (or just shy of $60M). The round was co-led by Eni Next, the corporate VC arm of Italian […]
Energy Dome gets $44M uplift into its CO2 battery for renewable energy storage by Natasha Lomas originally published on TechCrunch
If artificial intelligence feels like it is taking over the world, that feeling has become an anxious obsession among larger tech companies. These are organizations that have typically thrived secure in the knowledge that they can keep a competitive edge through their very DNA: leveraging software to build more interesting, faster and disruptive products. Now, […]
Intuit’s shift by Jagmeet Singh originally published on TechCrunch
Kakao Pay, the online payment service of South Korean messaging and internet giant Kakao, announced that it has acquired a stake in Siebert Financial, a brokerage firm based in New York. Kakao spent $17 million on this transaction and the company now owns a 19.9% stake in Siebert. This is just the first step as […]
Korean fintech Kakao Pay to acquire majority stake in US brokerage firm Siebert by Kate Park originally published on TechCrunch
Meta’s earning call yesterday was upbeat on better than expected revenue for the quarter. However buried in its disclosures to investors is a stark warning on looming regulatory risk it’s facing in Europe — where a decision is expected in a matter of weeks (by May 12) that could see the tech giant ordered to […]
Meta says about 10% of its global ad revenue at risk from EU data flows order by Natasha Lomas originally published on TechCrunch
Warner Bros. Discovery has found a new partner to continue the flow of HBO content to India: Mukesh Ambani-backed Viacom18. The two said on Thursday that as part of the partnership, HBO Original, Max Original and other Warner Bros. television series will arrive on JioCinema “on the same day as the U.S.” The content deal […]
Warner Bros. partners with James Murdoch-backed Viacom18 to bring Succession, other HBO content to India by Manish Singh originally published on TechCrunch