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The venture secondaries market has been on the same roller-coaster ride as the broader VC market over the past few years, but it looks poised to break away in 2023. Like venture capital as a whole, the secondaries market was hot in 2021 as a bunch of new players — sound familiar? — entered the […]

Venture funding has started flooding back in at least one area: Secondaries by Rebecca Szkutak originally published on TechCrunch

Voyager Space, a company developing a private space station, has raised $80.2 million in new capital. The new funding comes as Voyager continues its development of the station, Starlab, which is no doubt an enormously capital-intensive undertaking. The funding includes participation from NewSpace Capital, Midway Venture Partners and Industrious Ventures, according to U.S. Securities and […]

Voyager Space raises $80M as it continues development on private space station, Starlab by Aria Alamalhodaei originally published on TechCrunch

As more Twitter features break and glitch, users are becoming increasingly concerned about the platform’s stability. We’re about three months into Elon Musk’s ownership of Twitter, and a number of problems plague the platform, likely because so many staff have left or been laid off. Some people, including Musk and Libs of TikTok, have temporarily […]

Twitter Circle glitches have users worried about privacy by Amanda Silberling originally published on TechCrunch

Twitter’s new owner is making moves to build in more revenue streams for creators — or at least he’s tweeting about it. Elon Musk announced Friday that the company would soon begin sharing advertising revenue with creators on the platform for the first time. The catch? Eligible users must be signed up for Twitter Blue, […]

Elon Musk says that Twitter will start sharing ad revenue with creators ‘today’ by Taylor Hatmaker originally published on TechCrunch

What do the investors want from Salesforce, which is hardly in full distress? Sure, the stock is down, but it raked in $8 billion last quarter. That could be why they’re so interested.

Can 4 activist investors play nice in the Salesforce sandbox? by Ron Miller originally published on TechCrunch

A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach E and Tesla’s five-seater Model Y thanks to a change by the U.S. Treasury. The U.S. Treasury Department updated Friday the vehicle classification standard, revising a definition that determines which EVs are eligible […]

Tesla, Ford and GM win in EV tax credit change by Kirsten Korosec originally published on TechCrunch

Yesterday Amazon reported earnings with AWS growing a modest 20% for for the quarter over the prior year to $21 billion. But perhaps even more troubling, the company reported in the earnings call with analysts that growth dropped even further into the mid-teens for the first month of the new year, as the cloud continued […]

AWS says growth dropped to mid-teens to start new year as customer cost cutting continues by Ron Miller originally published on TechCrunch

In October last year, Sendy, a Kenyan logistics scale-up, wound up its supplies service, which enabled retailers to purchase FMCGs directly from manufacturers, saying it was directing all its focus on its end-to-end fulfillment offering. Months later, the company is ceasing on-ground operations in Nigeria, one of its four markets in Africa. This means that […]

More job cuts loom as Sendy changes course in Nigeria by Annie Njanja originally published on TechCrunch

Amazon detailed the costs of its content business during its fourth-quarter earnings on Thursday, citing that its content expenses jumped to $16.6 billion in 2022, a 28% increase from $13 billion in 2021. According to Chief Financial Officer Brian Olsavsky, around $7 billion of that figure went towards Amazon Originals, live sports programming, and licensed third-party […]

Amazon ramped up content spending to $16.6B in 2022, including $7B on originals by Lauren Forristal originally published on TechCrunch