Shopify last week announced that it would be the latest big tech firm to undergo mass layoffs. The company is cutting 20% of its 11,600-person staff. The news arrived during earnings that beat Wall Street expectations, shooting its stock price up as a result. Also included in the announcement was news that the Canadian e-commerce […]
Shopify sells 6 River Systems to new owner by Brian Heater originally published on TechCrunch
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: In its second markdown in 4 months, Invesco slashes Swiggy’s valuation to $5.5B by Christine Hall originally published on TechCrunch
In this issue: Environmentalists sue over Starship; Nuview’s plan to make a 3D map of the world; News from Maxar, and more
Max Q: A lawsuit? Over Starship? I’m shocked by Aria Alamalhodaei originally published on TechCrunch
Tesla CEO Elon Musk has laid out a rough plan for expanding access to Full Self-Driving (FSD), the company’s advanced driver assistance system (ADAS), throughout North America and the rest of the world. “Once FSD is super smooth (not just safe), we will roll out a free month trial for all cars in North America,” […]
Elon Musk teases free Tesla FSD trial in North America by Rebecca Bellan originally published on TechCrunch
Lucid’s first quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury Air sedan. Lucid shares dropped more than 9% in after-hours trading as investors reacted to the dismal first-quarter earnings. Shares have since recovered […]
EV maker Lucid misses on revenue, earnings in Q1 by Kirsten Korosec originally published on TechCrunch
Casey Handmer is not intimidated by very large quantities. Trillions of acres. Thousands of gigawatts of solar power. A billion metric tons of carbon. His startup, Terraform Industries, aims to operate at these ambitious scales. The company wants to turn hydrogen and atmospheric carbon into synthetic natural gas at scale. It’s more than a little […]
Terraform Industries wants to solve climate change by making more hydrocarbons by Aria Alamalhodaei originally published on TechCrunch