Tumblr is losing $30M each year, CEO says

July 12, 2023

If we’ve learned anything from this past year of Twitter clones, CEO fights, shitposting and bad, money-grabbing policies, it’s this: making a social media company profitable is hard! After rolling out some unpopular features, Tumblr is now trying to “build in public” and be more transparent about the business behind the fandom-driven platform. In a […]

Tumblr is losing $30M each year, CEO says by Amanda Silberling originally published on TechCrunch

Pipe co-founder raises $6M for CapStack, a bank-to-bank marketplace aimed at ‘de-riskifying portfolios’

July 12, 2023

CapStack, a startup formed by Pipe co-founder Michal Cieplinski, has raised $6 million toward its effort to build an integrated operating system for banks. In simpler terms, Cieplinski described CapStack as the “first bank-to-bank marketplace,” giving the institutions the ability to share and have visibility into one another’s portfolios. Cieplinski started CapStack in March with […]

Pipe co-founder raises $6M for CapStack, a bank-to-bank marketplace aimed at ‘de-riskifying portfolios’ by Mary Ann Azevedo originally published on TechCrunch

Employee benefits startup Swile expects to become profitable next quarter

July 12, 2023

French startup Swile shared some revenue metrics just a year after merging with Bimpli, the employee benefits division of BPCE. Swile’s main product is a payment card for employee benefits, such as meal vouchers. In 2022, Swile generated €138 million in revenue ($153 million at today’s exchange rate) — that includes Bimpli’s revenue. And yet, […]

Employee benefits startup Swile expects to become profitable next quarter by Romain Dillet originally published on TechCrunch

Domino’s strikes deal to list its menu on Uber Eats and Postmates in the U.S.

July 12, 2023

Domino’s, the world’s largest pizza company in terms of sales and stores, has entered an agreement with Uber to list its menu on Uber Eats and Postmates. The deal indicates that Domino’s is reversing its stance against working with third-party delivery companies in the U.S. Shares of Domino’s soared more than 10% on the news […]

Domino’s strikes deal to list its menu on Uber Eats and Postmates in the U.S. by Aisha Malik originally published on TechCrunch

TikTok content to be featured on 3K+ Redbox kiosks

July 12, 2023

Redbox, the operator of DVD rental kiosks, today announced a new deal with TikTok that allows the company to feature popular content from the short-form video app on more than 3,000 Redbox kiosks nationwide. The new deal allows brands to use TikTok content to advertise products or services on the kiosks, which are located at […]

TikTok content to be featured on 3K+ Redbox kiosks by Lauren Forristal originally published on TechCrunch