In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed in that regard. It ended the year with $58.2 million in adjusted EBITDA loss, marking a […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Apple’s recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer “up to” a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats. While Apple’s Savings account […]
© 2024 TechCrunch. All rights reserved. For personal use only.
The road to the home robot is one fraught with peril. The number of success stories it’s delivered can be counted on a single hand. The reasons for this massive disconnect are nuanced and complex — much like the insides of our homes. Twenty-years after the first Roomba arrived, the robot vacuum has begun to […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Notifications may seem like a solved problem. You’re probably getting more than you want already, after all. The two founders of Knock, Sam Seely and Chris Bell, argue that while a lot of companies have solved the “last-mile delivery problem,” there is more work to be done. While products like Twilio and SendGrid may offer […]
© 2024 TechCrunch. All rights reserved. For personal use only.
This morning, Google’s CEO Sundar Pichai inaugurated a new hub in Paris dedicated to artificial intelligence. This hub is located in a newly renovated building near Google’s main office in Paris. It will host around 300 researchers and engineers. But if you pay close attention to Google’s whereabouts in Paris, you may think that Google […]
© 2024 TechCrunch. All rights reserved. For personal use only.