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Friday, more like Fri-yay! Itâs April 29, 2022, weâre here with the latest headlines, but honestly our brains are mostly focused on all the hardcore fun weâre going to have this weekend. Like doing laundry, napping, playing with our pets, reading a book for a while and sleeping in. I know, weâre old and boring, deal with it. â Christine and Haje |
| Image Credits: NurPhoto / Contributor / Getty Images |
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The TechCrunch Top 3 - Selling Tesla, getting a pretty tweet deal: Everyoneâs favorite social media-acquiring billionaire is selling $4 billion worth of Tesla stock and supposedly has a new Twitter CEO lined up. He also shared that he has the beginnings of a plan for how to monetize tweets.
- Wait, companies have to make money? Robinhoodâs stock price is going off a cliff as competition gets stiff and its business model is more and more skew-whiff.
- Home is where the benefits are: Airbnb employees received a fun surprise this week when the company told employees it was instituting a âlive anywhere, work anywhereâ philosophy. Want to work in the office? You got it. Want to keep working from home? No problem. Want to move to a foreign country and work from there? Yes, but only up to 90 days every year. We guess even they had to draw a line somewhere.
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Startups and VC Civilian drone manufacturer DJI and the Ukrainian and Russian governments continue their spat. Most recently, DJI suspends sales in Ukraine and Russia in an apparent attempt to appear more neutral. We were particularly enthralled this morning by Jim Motavalliâs feature article about bidirectional charging. In other words: If the power goes out, what does it take to power your house from your carâs batteries? Johnny’s in the basement, mixin’ up the medicine, Iâm on the pavement, reading news with wonderment: - They grow up so fast: That feeling when you really want to plow some cash into a startup, but theyâre just a little bit too young? Yeah, Techstars hates that too, and it debuts a new fund aimed at investing in earlier-stage companies.
- Do I look like I know what a JPEG is: Revise raises $3.5 million to give NFTs powers beyond just being a pretty picture.
- The Game of Phones: Vercom, who wants to be a competitor to the likes of Twilio and Sinch, acquires marketing automation MailerLite for $90 million.
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In his first TechCrunch+ article, Senior Climate Writer Tim De Chant examined nine startups optimizing EV battery technology that have collectively raised just over $4 billion in the last 18 months. Improving tech like solid-state batteries, replacing specific chemical components and using hybrid chemistries are just a few of the techniques startups are deploying to unlock benefits like reducing weight while increasing range and safety. “But cars and trucks wonât be the only thing touched by the battery revolution thatâll occur over the next few years,” he writes. “Like many advances, better, lighter and longer-lasting batteries will drive changes in our lives that are both unexpected and welcome.” (TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Read More |
| Image Credits: PlargueDoctor / Getty Images |
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Big Tech Inc. Weâre going on a bit of a roller coaster ride in terms of good news versus not, so keep your hands and legs inside the newsletter, and youâll be good. - Amazonâs crown is slipping: In the kingdom of the public cloud, we note that Amazon is an âundisputed king,â but Microsoft is poised to storm the castle. Amazon continues to hold court, controlling a third of the public cloud for years, but Microsoft has been quietly amassing a public cloud army that now accounts for 22%, up from 20% last year.
- And Amazonâs earnings, not so good: Shares of the company were down to a two-year low on the news that the company reported a first-quarter loss attributed to âinflationary and supply chain pressures.â
- Apple has a different earnings take: In todayâs fruit news, Apple reported some record-breaking services revenue figures that increased 17% from last year to reach $19.8 billion. There are a lot of reasons for the good quarter, including selling a lot of iPhones, computers and watches.
- Netflix made some layoffs: Some of Tudumâs editorial staff found themselves laid off yesterday. Tudum, you might remember, is Netflixâs in-house publication that only started five months ago. While Netflix said Tudum was not shutting down, it is moving forward without an editorial manager and at least seven others.
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