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Pinterest has made a second job-cutting move within weeks of the first round of layoffs in December. The company has let go of almost 150 employees (representing less than 5% of its workforce), according to a report from Bloomberg. In a statement to TechCrunch, Pinterest confirmed the job axing but didn’t share how many people […]

Pinterest lays off 150 people as a part of its ‘long-term strategy’ by Ivan Mehta originally published on TechCrunch

Xpeng, a Chinese electric vehicle upstart, is gearing up to launch its eVTOL into the air as it secures a key regulatory greenlight. Aeroht, owned by Xpeng and Xpeng founder He Xiaopeng, just obtained a special flight permit from the Civil Aviation Administration of China, the country’s counterpart to the U.S. Federal Aviation Administration. The […]

China’s EV upstart Xpeng ready to take off with flying permit by Rita Liao originally published on TechCrunch

After raising $300 million in a round led by SoftBank back in 2021, UK neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending services, credit cards and savings accounts and has some 850,000 customers — has raised £75 million (around $93 million), an […]

Zopa, the UK neobank, raises $93M more at a $1B+ valuation by Ingrid Lunden originally published on TechCrunch

Lex, the hookup and social app that launched in 2019 with a nod to lesbian personal ads from the 80s, is changing. Only, precisely how much will change is still an open question. Sure, the venture-backed startup behind the queer app gave it a new lick of paint last week, but in refocusing on “friends […]

‘Keep Lex filthy’: Users react to queer dating app’s new direction by Harri Weber originally published on TechCrunch

Meta is all-in on becoming a lean, mean cash-printing machine. In its Q4 earnings call on Wednesday, Meta CEO Mark Zuckerberg described the company’s near future priorities and plans, painting a picture of a tech giant that’s driving toward leaning down and speeding up. The company beat revenue expectations in the final quarter of 2022, […]

Meta stock perks up as the company promises a ‘year of efficiency’ by Taylor Hatmaker originally published on TechCrunch

The New York Stock Exchange has issued a delisting warning to peer-to-peer car rental company Getaround for trading too low, according to the company. Getaround debuted on the public markets in December after merging with a special purpose acquisition company (SPAC). The combined company’s stock began trading at around $10 per share and promptly lost […]

Car-sharing platform Getaround gets delisting warning from NYSE by Rebecca Bellan originally published on TechCrunch

On January 1, a technologist who goes by the nickname regexer received an email saying he had successfully reset his account at the crypto exchange Coinbase. Unfortunately — and worryingly — he had actually not requested a password reset. Regexer, who asked to be referred to by his online moniker for fear of being targeted […]

Google Fi hack victim had Coinbase, 2FA app hijacked by hackers by Lorenzo Franceschi-Bicchierai originally published on TechCrunch

It’s been a good week for Red Hat, and by extension IBM, the company that owns it. That’s because Red Hat signed two partnership agreements this week, one with Oracle and the other with SAP. Those are some big players, and if it results in more deployments for Red Hat Enterprise Linux (RHEL), it could […]

New Red Hat partnerships with SAP and Oracle could bode well for owner IBM by Ron Miller originally published on TechCrunch

Web development platform Netlify today announced that it has acquired its competitor Gatsby, the company behind the opensource GatsbyJS framework. Gatsby, which had raised a total of $46.8 million, including a $28 million Series B led by Index Ventures in 2020, never quite got the traction that competitors like Netlify itself or Vercel saw in […]

Netlify acquires frontend platform Gatsby by Frederic Lardinois originally published on TechCrunch