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Jet-lagged and post-COVID-fatigued, Haje is back, joining Christine to bring you fine morsels of tech news in this very newsletter. Also, hearsay (and the calendar) suggests that it might be Friday. If that almost unverifiable rumor is, in fact, true, then have a delightful weekend. â Christine and Haje |
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The TechCrunch Top ... 4 - Friday Musk news dump: We had the newsletter all set to go, but as is wont to happen late on a Friday, there is some breaking news. And once again, it’s about Elon Musk. The CEO of many companies, and the apparent father to a new set of twins with an executive of one of those companies, decided to terminate his deal to buy Twitter. But Twitter’s not really having it and said as much in its single-paragraph, two-sentence response to the news. This is a developing story so keep your eyes right here for the latest.
- Check, please: This is such a well-done story by Kyle that goes into detail about the fall of Butler Hospitality, which raised $50 million last year. Then it ran into several challenges that ended with the company, which essentially leased hotel kitchen space to others to operate as a ghost kitchen, laying off hundreds of people and not being able to fulfill its commitments.
- Well, isnât that a jolt to the senses: There may be many reasons why someone doesnât invest in an electric car, but Timâs story today suggests that a big one is not enough trust in the public charging infrastructure. Itâs a legitimate fear, really, because that 600-mile trip is going to end badly if there isnât a reliable and quick place to plug in along the way.
- The electric vehicle charging hunt is afoot: Where Timâs story was talking about electric vehicle chargers in general, another top story for today was Jaclynâs, who wrote that the White House wants to expand charging capabilities and that Elon Musk is on the case, working to expand Teslaâs Supercharger network.
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Startups and VC Coalition, a San Franciscoâbased startup that combines cyber insurance and proactive cybersecurity tools, is preparing to expand outside of the U.S. for the first time following a mega $250 million Series F round that takes its valuation to a whopping $5 billion, Carly reports. We also particularly enjoyed the interview Connie did with Sequoia Capitalâs Jess Lee, regarding its new Arc program, and whether or not itâs a competitor to Y Combinator. âWeâre really looking for founders who want to build long-term, transformational, category-defining companies ⦠that carve out a new market. There is no one weâd rule out, but itâs more about the scale of ambition,â Lee shares. Our money doesnât jiggle jiggle, it folds: |
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For her latest TC+ post, we asked veteran investor Marjorie Radlo-Zandi to share her playbook for helping first-time founders steer their companies through a pivot. Changing direction is a massive undertaking, but she breaks the process down into several steps that will help entrepreneurs get buy-in from investors (and employees). “Thereâs no shame in pivoting,” writes Radlo-Zandi. “On the contrary, itâs a sign of strength.” (TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Read More |
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Big Tech Inc. We first focus on a story Taylor put together this afternoon about a Congress investigation into period tracking apps and the data associated. With Roe repealed, there is concern that this kind of data may pose a threat to those seeking reproductive care. We can sum up todayâs â well, technically late yesterdayâs â big tech news in three words: Twitter, cars, yacht. Not to be confused with gym, tan, laundry. Amanda reported on Twitter targeting its talent acquisition team by laying off 30% of that workforce. The company declined to go into specifics, so we donât know exactly how many people that is, but it’s safe to say jobs at Twitter will not be filled for a while. If that wasnât already enough Twitter trouble, Taylor follows up on a report that suggests Elon Musk is not interested in buying the company anymore. But wait, thereâs more: - No one at the wheel: The layoffs continue, this time over at Argo AI, which is testing driverless technology for automakers like Ford and Volkswagen, Kirsten reports.
- Thatâs hot: SpaceX is taking a spin at developing a more reliable internet service for those at sea, Andrew writes.
- Can you hear me?: Lauren writes about Netflixâs spatial audio feature rolling out to all of its devices so your home can be just like the theater. Â
- Roofer, we hardly know her: Yes, yes, not that funny of a joke. Christine knows of only one person in her neighborhood who put on a Tesla solar roof, and according to Harriâs story, that was one of maybe 20 per week Tesla installed in the second quarter, far below the 1,000 per week it originally planned.
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