Walmart is selling e-commerce outdoor retailer Moosejaw to Dick’s Sporting Goods after purchasing it six years ago. The financial terms of the deal, which is expected to close in March, were not disclosed. Walmart acquired Moosejaw for $51 million in February 2017 to bolster its e-commerce offerings. At the time, the deal was seen as another entry point into apparel for Walmart. The Michigan-based … [Read more...]
Sam Bankman-Fried faces new criminal charges for unlawful political contributions
According to a new filing from the Southern District of New York’s attorney’s office, former FTX co-founder and CEO Sam Bankman-Fried (SBF) now faces four additional counts of fraud, bringing his total to twelve charges. With these new charges, the former crypto wunderkind has been accused of defrauding the Federal Elections Committee (FEC), along with additional counts related to wire fraud and … [Read more...]
Storj Next could make decentralized storage more appealing to both supply and demand sides
Decentralized storage company Storj has launched a new version called Storj Next, which introduces new features and economic incentives to make this alternative to Amazon S3 more appealing on both sides of the equation. Storj stores files safely, using extra storage capacity around the world. As TechCrunch’s Ron Miller explained in 2020, “they are effectively doing with storage what Airbnb does … [Read more...]
Source.ag raises $23M to raise the bar on raising crops with AI
Based in the Netherlands, blossoming agtech startup Source.ag has announced a $23 million Series A funding round to help grow its business, less than a year after its previous, $10 million round. The company assists commercial greenhouse crop growers adjust their growing conditions, optimize their resources and maximize their yields by using state-of-the-art AI models to predict how their plants … [Read more...]
Netflix lowers prices in 100+ territories as scrutiny grows over password-sharing rules
Netflix decreased its subscription costs in more than 100 territories over the past week or so as customers continue to contemplate which streaming services to keep amid price hikes. The price drop has occurred in Egypt, Yemen, Jordan, Libya, Iran, Kenya, Croatia, Slovenia, Bulgaria, Nicaragua, Ecuador, Venezuela, Malaysia, Indonesia, Vietnam, Thailand and the Philippines, among others. The amount … [Read more...]
Keep trying after a VC says no, says Tonkean CEO on TechCrunch Live
On this week’s TechCrunch Live, I spoke with CEO and co-founder of Tonkean, Sagi Eliyahu, and Foundation Capital partner, Joanne Chen. Tonkean started in 2015 as a no-code development platform, and added Joanne to its board of directors when it raised its seed round in 2019. I don’t want to ruin the story, but I think you know where this is going. The fundraising didn’t end after one pitch. He … [Read more...]
Announcing the TechCrunch Early Stage Audience Choice winners
The Audience Choice results are in, which begs the question, Could we BE more excited to share this news? No, we could not. Out of hundreds of applications, we curated 10 breakout sessions and 10 roundtable discussions. Your mission? Vote for the topics you want to see live and in person at TechCrunch Early Stage on April 20 in Boston, Massachusetts. And vote you did — mission accomplished! Click, … [Read more...]
Unity’s earnings show just how hard it is to earn a 10x software multiple today
Demonstrating operating leverage is not enough in a conservative market Alex Wilhelm 8 hours It’s a busy week for technology earnings, with companies including Coinbase, Alibaba and Etsy dropping numbers detailing their recent performance. Unity is in the mix as well, providing the investing public with its first set of numbers since it … [Read more...]
Earthly wants to reinvent continuous integration to make it faster and cheaper
Continuous integration and continuous delivery, aka CI/CD, is a modern development concept where code is being constantly updated and delivered to a central repository, rather than waiting for a set of features to be completed and releasing it all at once. It’s a fairly recent construct, but Earthly Technologies, an early stage startup, believes that CI is ripe for updating to make it faster and … [Read more...]
Royal Mail restores global shipping weeks after LockBit ransomware attack
U.K. postal giant Royal Mail says it has finally restored international shipping after a ransomware attack downed its export services for over a month. Royal Mail spokesperson Mark Street told TechCrunch on Thursday that it has reinstated international export services to all destinations for purchase online and at Post Office branches. “We are now processing close to normal daily volumes of … [Read more...]
Logistics startup Slync raises $24M, attempts to distance itself from disgraced founder
Supply chain management software startup Slync, which was at one point valued at $240 million, hasn’t had the easiest go of it lately. Slync’s founder, Christopher Kirchner, was charged by the Justice Department and Securities and Exchange Commission (SEC) this month for misappropriating $20 million from the company to fund a lavish lifestyle, including a $16 million private Gulfstream jet, pro … [Read more...]
YouTube launches a multi-language audio feature for dubbing videos, previously tested by Mr. Beast
The Korean-language Netflix series “Squid Game” became one of the streaming service’s most popular shows of all time, thanks to the ability to subtitle or dub episodes in the viewer’s own language. Now, similar technology is coming to YouTube for the broader creator economy. YouTube announced today it’s rolling out support for multi-language audio tracks which will allow creators to add dubbing to … [Read more...]
Motional opens Las Vegas robotaxi service to nighttime hours
Autonomous vehicle technology company Motional is moving one step closer to its goal of removing the safety driver from robotaxi operations by expanding its service in Las Vegas to nighttime rides. Passengers in Vegas have been able to access Motional’s robotaxi service through ride-hail companies Lyft and Uber since August and December, respectively. The rides have been available during daytime … [Read more...]
Coinbase launches blockchain Base to help developers build dApps on-chain
Coinbase, the second largest crypto exchange by trading volume, has launched Base, an Ethereum-focused layer-2 (L2) blockchain, Jesse Pollak, lead for Base and head of protocols at Coinbase, told TechCrunch. In the past, Coinbase has homed in on the trading and exchange side of its business, but from the utility perspective, it’s still too hard for developers to build useful decentralized … [Read more...]
Houseparty’s founder launches Towns, an open source group chat app that comes with a blueprint
After launching a pair of well-loved but ultimately star-crossed social apps, Ben Rubin is going all-in on decentralization. Rubin previously founded Meerkat and Houseparty — apps that pioneered mobile livestreaming and group video chat, respectively — shaping massive social trends in their earliest stages. After working on Slashtalk, an “anti-meeting tool” for the workplace, Rubin is now back to … [Read more...]
Cloud optimization startup ProsperOps lands $72M investment
The cloud is growing expensive. According to a recent survey from ESG, more than half of companies say that their spending on public cloud apps will increase in 2023 while 56% expect their public cloud infrastructure services spending will go up this year. A separate report from Gartner forecasts that worldwide spending on public cloud services will grow to total $591.8 billion in 2023, up from … [Read more...]
BlueCargo reduces logistics late fees by tracking containers in port terminals
BlueCargo has raised an $11 million in a new round led by Soma Capital and Left Lane Capital. The company optimizes logistics in port terminals and reduces late fees for drayage trucking companies and shippers. Other investors in the company include Mike Roth, Cathexis Ventures, EXPA, SpringTime Ventures and HyperGuap. When I first covered the startup, the company was working with port terminal … [Read more...]
Report details how Big Tech is leaning on EU not to regulate general purpose AIs
It’s still pretty early in the year but the disruptive power of general purpose AI (GPAI) already looks cemented as the big tech story of 2023, with tech giants including Microsoft and Google duking it out to fast-follow OpenAI’s viral conversational chatbot, ChatGPT by productizing large language models (LLM) in interfaces of their own — such as OpenAI investor Microsoft’s search with AI combo, … [Read more...]
NBA Top Shot creator to face lawsuit around securities status
Dapper Labs, the company behind many popular NFT collectible projects, will face a lawsuit accusing it of selling unregistered securities. In particular, the company has developed popular NFT game NBA Top Shot and one of the original NFT collectible game CryptoKitties. A class-action lawsuit was first filed against Dapper Labs in 2021. The company filed a motion to dismiss the lawsuit before … [Read more...]
Making layoffs suck less: How to announce job cuts and retain top performers
Leslie Crowe Contributor Leslie Crowe is talent partner at Bain Capital Ventures, where she provides strategic counsel to the firm's portfolio companies on scaling successfully. There is no way to sugarcoat it: For many founders, 2022 was a tough year to be a boss, and 2023 is not shaping up to be any easier. The tech industry layoffs may have slowed, but they haven’t … [Read more...]
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