Top Tech Trends

Silicon Valley Bank’s clients received a surprising email in their inboxes late Monday evening from the bank’s new CEO Tim Mayopoulos stating that the institution was not only open, it was also business as usual. “Silicon Valley Bank, N.A. is open and conducting business as usual,” the email, obtained by TechCrunch from multiple sources, read. […]

Silicon Valley Bank’s new CEO sends letter to clients: ‘We are conducting business as usual’ by Natasha Mascarenhas originally published on TechCrunch

A California appeals court on Monday reversed a lower-court ruling that found Proposition 22, the ballot measure passed in November 2020 that classified Uber and Lyft drivers as independent contractors rather than employees, to be illegal. The decision by three appeals court judges, first reported by The Wall Street Journal, is a win for app-based […]

California court upholds Prop 22 in win for Uber, Lyft, DoorDash by Rebecca Bellan originally published on TechCrunch

Struggling electric vehicle company Arrival has secured a $300 million lifeline to help it stay in business into late 2023, but no later. The company is seeking additional dedicated funds to develop its XL delivery vans for the U.S. market and start production in Charlotte, North Carolina by 2024. Arrival announced the $300 million equity […]

Arrival nabs $300M lifeline, but is still seeking more funds by Rebecca Bellan originally published on TechCrunch

A fair valuation that feels good to both the founder and investor will lead to a partnership in which both sides win.

Finding your startup’s valuation: An angel investor explains how by Ram Iyer originally published on TechCrunch

SpaceX and T-Mobile will begin testing a new service to bring satellite connectivity to cell phones this year, a SpaceX executive said. The news, first reported by CNBC, suggests that we may be close to a future where cellular “dead zones” are a thing of the past. SpaceX and T-Mobile announced the partnership last August, […]

Starlink and T-Mobile’s sat-to-cell service will start testing this year by Aria Alamalhodaei originally published on TechCrunch

In this issue: Relativity scrubs first Terran 1 launch attempt; claims of age discrimination in hiring at Blue Origin; news from Starfish Space and more

Max Q: Have luck and good fun by Aria Alamalhodaei originally published on TechCrunch

Looks like Meta is NGMI, as some might put it. Meta’s head of commerce and financial technologies Stephane Kasriel posted on Twitter that the company will sunset its NFT and digital collectibles features on Instagram and Facebook. This short-lived product only began testing with select Instagram creators last May, plus some Facebook users in June. […]

Meta winds down support for NFTs on Instagram and Facebook by Amanda Silberling originally published on TechCrunch