TechCrunch

2020-02-17 08:46    2020-02-17 11:39

Oyo’s revenue surged in FY19, but loss widened, too

Budget-lodging startup Oyo on Monday reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the India-headquartered firm grows cautious about its aggressive expansion.

Original Content podcast: ‘Mythic Quest’ is a likable comedy with a single standout episode

There’s plenty to like about “Mythic Quest: Raven’s Banquet,” a new series on Apple TV+ — its sympathetic-but-critical portrayal of the video game industry, its goofy-but-likable characters and a couple of big surprises that come at the end of the season.

With the development of generalized AI, what’s the meaning of a person?

For the next installment of the informal TechCrunch book club, we are reading the fourth story in Ted Chiang’s Exhalation. The goal of this book club is to expand our minds to new worlds, ideas, and vistas, and The Lifecycle of Software Objects doesn’t disappoint.

Is tech socialism really on the rise?

Ultimately, it's a question of human dignity. To what degree are people given the opportunity to realize their potential, to create themselves?

Can we debate free will versus destiny in four pages?

The informal TechCrunch book club (which is now a whole week off schedule thanks to the news cycle — let’s see if we can catch up here shortly!) is now venturing into the very, very short story What’s Expected of Us, the third piece in Ted Chiang’s Exhalation collection.

This Week in Apps: YouTube TV cancels Apple’s rev share, more bad news for mobile voting, WhatsApp h

Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads in 2019 and $120 billion in consumer spending in 2019,

Startups Weekly: A pre-IPO list of unicorn companies that also generate lots of revenue(!)

[Editor’s note: Want to get this weekly review of news that startups can use by email? Just subscribe here.]  My colleague Alex Wilhelm has been researching the companies that are both getting impressive valuations and also generating annual recurring revenues of around $100 million on more.

The drunken HQ Trivia finale before it shut down was insane

“Not gonna lie. This f*cking sucks. This is the last HQ ever!” yelled host Matt Richards . And it just got crazier from there.The farewell game of HQ Trivia before it shut down last night was a beautiful disaster. The hosts cursed, sprayed champagne,

Silicon Valley Community Foundation challenges donors to address local problems

I've always thought and believed that you need the public sector and then you need the risk capital that taxpayer money shouldn't be going to.

‘Capitalism generates a lot of wealth depending on the situation’

When you think about how a technology is designed, whether in Facebook or, let's say, with industrial automation robots, engineers are not talking to the workers for obvious reasons.

Living with the Samsung Galaxy Z Flip

The Galaxy Z Flip ships with the same “Care Instructions” as the Fold. It’s a five-item list with the following basic points: Don’t scratch the screen with a pen or fingernail Don’t stick stuff between the screens when folding Don’t get it dusty,

Astronomers warn of ‘worrisome’ light pollution from satellite constellations

The International Astronomical Union has issued the preliminary results from a study on the potential effects of multi-thousand satellite constellations like that being built by StarLink. Finding that Earth-based astronomical observations may be "severely affected,

HQ Trivia shuts down after acquisition falls through

HQ Trivia is dead. Today the company laid off its full staff of 25 and will cease operation of its trivia, sports, and word guessing games, a source close to the company confirmed. HQ Trivia had a deal in the works to be acquired,

Rocket Lab will launch a satellite to the Moon for NASA to prepare for the Lunar Gateway

Launch startup Rocket Lab has been awarded a contract to launch a CubeSat on behalf of NASA for the agency’s CAPSTONE experiment,

Vodafone Idea shares tumble 23% after India orders it to pay billions in dues

Shares of Vodafone Idea fell by more than 23% on Friday after India’s apex court ordered the country’s second-largest telecom operator and Airtel, the third-largest telecom network, to arrange and pay billions of dollars in dues in a month. In a strongly worded judgement,

Class action suit against Clearview AI cites Illinois law that cost Facebook $550M

Just two weeks ago Facebook settled a lawsuit alleging violations of privacy laws in Illinois for the considerable sum of $550 million. Now controversial startup Clearview AI, which has gleefully admitted to scraping and analyzing the data of millions,

Tinder founder funds sex tips app Lover

Want to spice up the bedroom without paying for pills or awkward visits to a sex therapist? A new app called Lover lets you take a sexual personality quiz, explore carnal knowledge tutorials, and discretely figure out which turn-ons you share with your partner.

SpaceX’s Crew Dragon is now in Florida to prep for its first flight with astronauts onboard

SpaceX has moved its Crew Dragon commercial astronaut spacecraft to Florida, the site from which it’ll launch in likely just two to three months’ time if all goes to plan.

General Catalyst leads $6 million investment in team productivity startup Range

In case you haven’t heard, VCs are loving on workplace software as of late and productivity tools that help teams collaborate seem to be a particular frothy area of investment. A smattering of top VC firms and angels including General Catalyst, First Round Capital, Bloomberg Beta,

Married co-founders are a startup’s secret weapon

“If I was running Clearbanc by myself, it probably would have gone off the cliff eight times at this point,” says Clearbanc co-founder Andrew D’Souza.  “If I were running the company by myself, it would be half its size,” adds Michele Romanow, Clearbanc’s other co-founder.

The six strategic stages of seed fundraising in 2020

Seed fundraising is rarely easy, but it certainly used to be a lot less complicated than it is today. In a simpler world, a seed investor (or maybe two) would lead a round, which meant that they would write the terms of the deal in a term sheet and then pass that document to their […]

Why startups are raising more venture debt as VC dollars near all-time records

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. As I write to you, SaaS and cloud stocks are busy setting fresh all-time highs and as we’ve seen,

Tesla locks in stock surge with $2B offering at $767 per share

Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion.

Better know a CSO: Dropbox head of security Justin Berman

Justin Berman has one of the most important jobs at Dropbox . As head of security, he oversees the company’s cybersecurity strategy, its defenses and works daily to keep its more than 600 million users’ data private and secure. No pressure, then.

Blue Origin’s new rocket engine production facility opens on Monday

Blue Origin is opening its new rocket engine production center in Huntsville, Ala. on Monday, the company said today on Twitter. The new Huntsville facility will be able to produce its rocket engines at a much higher rate than is currently possible,

Bloomberg memes push Instagram to require sponsorship disclosure

Instagram is changing its advertising rules to require political campaigns’ sponsored posts from influencers to use its Branded Content Ads tool that adds a disclosure label of “Paid Partnership With”.

PhotoSquared app exposed customer photos and shipping labels

Popular photo printing app PhotoSquared has exposed thousands of customer photos, addresses and orders details. At least 10,000 shipping labels were stored in a public Amazon Web Services (AWS) storage bucket. There was no password on the bucket,

This co-op wants to put money back into patients’ hands

Too often, people are asked to give away their insights and time for free. Jen Horonjeff, founder and CEO of healthcare startup Savvy, knows this first hand and is trying to change that by applying a cooperative model to her business. As an infant,

Tradeshift cuts headcount by three figures in effort to turn towards profitability

Last month, Tradeshift, a platform for supply chain payments which has achieved unicorn status in recent years, had some good news and some bad news. It announced a Series F funding round of $240 million in equity and debt, raised from a combination of existing and new investors.

Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate

Alibaba issued its latest earnings report yesterday, and as part of that the Chinese e-commerce giant reported that cloud revenue grew 62%, to $1.5 billion U.S.,crossing the RMB10 billion revenue threshold for the first time.

Big meditation money, new VC funds, and how do you value Airbnb?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. After having a good time with NEA’s Rick Yang last week, we thought we’d bring on another venture capitalist.

Virgin Galactic relocates SpaceShipTwo ‘VSS Unity’ to its spaceport for preparations ahead of commer

Virgin Galactic is one crucial step closer to actually flying paying customers to space: The space tourism company just relocated its SpaceShipTwo vehicle, the VSS Unity, from its Mojave, California manufacturing facility to Spaceport America in New Mexico,

Where top VCs are investing in construction robotics

Venture capital has been flooding the various subverticals under the robotics umbrella in recent years, and the construction space is one of the largest beneficiaries. Last November,

Tamatem, the games publisher for the MENA market, raises $3.5M to reach other ‘underserved’ gamers

​Tamatem, the leading mobile games publisher in the Arabic speaking market, has raised $3.5 million in additional funding — essentially an extension of the startup’s earlier Series A. The round was led by existing investor ​Wamda Capital,

Instagram prototypes “Latest Posts” feature

Instagram users who miss the reverse chronological feed might get a new way to see the most recent pics and videos from who they follow.

Innovaccer wants to be the service that unifies all healthcare data

The holy grail for technology companies working in the healthcare industry is becoming the gateway for all healthcare data. Big legacy providers like Epic and Cerner are trying to reach out to hospital networks to hoover up all of their data. Google is interested in it.

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