 |  | | Wednesday, December 04, 2019 ⢠By Anthony Ha |
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Happy Wednesday It’s the end of an era at Google, Plex launches a free movie streaming service and Toyota backs an autonomous shuttle startup. Here’s your Daily Crunch for December 4, 2019. |
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| Founders Larry Page and Sergey Brin announced that Google CEO Sundar Pichai will be replacing Page as the CEO of parent company Alphabet. In addition, Brin is stepping down from his role as Alphabetâs president. Rather than framing this as a departure, the pair suggested that theyâve ânever been ones to hold on to management roles when we think thereâs a better way to run the companyâ and that they remain âdeeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders.â Read more |
|  Image Credits: Alex Wong / Getty Images |
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| Although there are plenty of similar offerings on the market, what makes Plexâs new streaming service unique is its broad availability â unlike many competitors, Plex has structured its deals in order to stream content outside the United States. Read more |
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| May Mobility has 25 autonomous low-speed shuttles spread out between Detroit; Grand Rapids, Michigan; and Providence, Rhode Island. As part of the deal, Toyota has picked the startup as one of its âautonomous driving providers for future open platforms.” Read more |
|  Image Credits: May Mobility |
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| HOF Capital’s David Teten says private equity and venture capital investors are copying their counterparts in the hedge fund world by trying to automate more of their jobs. (Extra Crunch membership required.) Read more |
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| The New York-based company has been on a growth tear and has raised more than $161 million in the last 18 months. CEO Brad Birnbaum said the valuation is now âdefinitely above $500 million,â but he declined to be more specific. Read more |
|  Image Credits: Warchi / Getty Images |
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| Josh Constine argues that user growth at all costs is no longer acceptable: Itâs time for Instagram to step up and assume responsibility for protecting children, even if that means excluding them. In fact, after this post was published, Instagram announced that it would in fact require birth dates from all new users. Read more |
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| The most-upvoted post this year referenced Redditâs fundraise from Chinaâs Tencent, which led Redditâs $300 million Series D. Users were concerned at the time the investment would lead to Chinese censorship, leading them to flood the site with images that would be forbidden in China. Read more |
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