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Sequoia Capital just marked down to zero the value of its stake in the cryptocurrency exchange FTX — a stake that, as of last week, likely represented among the most sizable unrealized gains in the venture firm’s 50-year history.  The move isn’t a complete surprise, though even more uncharacteristic was Sequoia’s decision to tweet out […]

Sequoia Capital marks its FTX investment down to zero dollars by Connie Loizos originally published on TechCrunch

When the pandemic slammed into our shores a couple of years ago, many of us were shoo-ed inside, doomed to endless Zoom meetings. At the time, Canon released a beta of its EOS Webcam Utility, and then seemed to pretty much forget about it. Until today. In a ‘geez, Canon, this would have been helpful […]

I guess you can (officially) use your fancy Canon camera as a webcam studio now by Haje Jan Kamps originally published on TechCrunch

Kabam, the gaming company that has developed mobile games in partnership with entertainment brands including Disney, Marvel and Universal, has laid off about 7% — around 35 people — of its workforce, TechCrunch has learned from sources and confirmed with the company over email. The Vancouver-based company informed the affected employees about the move earlier […]

Gaming company Kabam lays off 7% of its workforce to better align with goals by Jagmeet Singh originally published on TechCrunch

Really, what would the bottom be for software valuations? Given that no one thought we would get this far, I am loath to say that we’ve hit it. There could be even lower figures coming.

The bottom keeps dropping for software valuations by Alex Wilhelm originally published on TechCrunch

California voters shot down a plan to make electric vehicles more affordable for some residents, dealing a blow to Lyft and the EV industry alike. Proposition 30 would have taxed residents making more than $2 million a year to subsidize electric cars and public charging stations as well as funded wildfire prevention programs. Even with […]

Lyft-backed plan to fund electric cars flops in California by Harri Weber originally published on TechCrunch

Commercial electric vehicle company Canoo entered into an agreement to acquire a vehicle manufacturing facility in Oklahoma City, the company announced Wednesday along with its third-quarter earnings. The news comes a week after Canoo said it would build an EV battery module manufacturing facility in Pryor, Oklahoma. The new facility will be dedicated to producing […]

Canoo to buy vehicle manufacturing facility in Oklahoma City by Rebecca Bellan originally published on TechCrunch

Peacock announced that, on November 30, its Premium Plus subscribers will get 24/7 access to their local NBC station in all of NBC’s 210 markets, including live TV programming like local news, sports, weather, and entertainment. Subscribers will soon be able to livestream popular programs like “The TODAY Show,” “The Tonight Show Starring Jimmy Fallon” […]

Peacock adds live TV from all local NBC stations to its Premium Plus tier by Lauren Forristal originally published on TechCrunch

One of the big players in the “metaverse” space, gaming platform Roblox, saw its stock tumble by over 15% in pre-market trading on Wednesday after reporting a wider-than-anticipated loss in its third-quarter earnings. The company, which caters to a younger demographic with its virtual world gaming platform, reported a loss of $297.8 million, or 50 […]

Roblox stock drops on widening losses in Q3, but other growth metrics remain strong by Sarah Perez originally published on TechCrunch