Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts by Christine Hall originally published on TechCrunch
In this issue: Layoffs come to Astra; News from NASA, Starlink and more
Max Q: Join us! by Aria Alamalhodaei originally published on TechCrunch
Just hours after Bird said it had overstated revenue for more than two years by recognizing unpaid customer rides, Bird dropped a growing concern warning. In a regulatory filing, the company said it might “need to scale back or discontinue certain or all of its operations in order to reduce costs or seek bankruptcy protection.” […]
Bird may not have enough funds to continue shared micromobility business by Rebecca Bellan originally published on TechCrunch
There is this myth that investors are risk averse. This isn’t true. They love taking risks. On white men. It’s part of the thrill.
Long live the vibe capitalist! by Dominic-Madori Davis originally published on TechCrunch
Today, Amazon Prime Video announced the launch of “Sports Talk,” a live daily programming block dedicated to 12 hours of sports-talk content. Broadcasting Monday through Friday from 8 a.m.-8 p.m. ET on Prime Video, viewers in the U.S. can access seven new shows on Sports Talk without a Prime membership. It will also be available […]
Amazon launches ‘Sports Talk’ on Prime Video to give sports fans 12 hours of live daily content by Lauren Forristal originally published on TechCrunch
“The industry is not going away and the other strong industry players are now even stronger,” Changpeng ‘CZ’ Zhao, CEO of Binance, says.
Binance’s CEO isn’t sweating the FTX implosion by Jacquelyn Melinek originally published on TechCrunch
As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized. Namely, many people are asking just how could so many high-profile investment firms pour a collective $2 billion with apparently so little due diligence. The notorious Japanese investment conglomerate SoftBank, for example, […]
SoftBank writes down nearly $100 million investment in FTX by Mary Ann Azevedo originally published on TechCrunch
It’s time to start thinking about a long-term strategy to build a compelling set of products, services and perks to face the next decade.
Preparing for fintech’s second decade: 4 moves your firm must make now by Ram Iyer originally published on TechCrunch