Elon Musk, Tesla found not liable in ‘funding secured’ tweet lawsuit

Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO’s now infamous “funding secured” tweet. The central question in the lawsuit was whether Musk was liable for losses suffered by shareholders after he posted in August 2018 several messages on Twitter that he had secured the funding […]

Elon Musk, Tesla found not liable in ‘funding secured’ tweet lawsuit by Kirsten Korosec originally published on TechCrunch

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Daily Crunch: Apple says it earned $20.8B from 935M subscriptions last fiscal quarter

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: Apple says it earned $20.8B from 935M subscriptions last fiscal quarter by Christine Hall originally published on TechCrunch

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YouTube Music contractors strike over alleged unfair labor practices

A group of 40 YouTube Music workers went on strike Friday. Employed by Alphabet subcontractor Cognizant, the striking workers allege that both companies’ management have leveraged unfair labor practices to get in the way of their union drive. “Right now, the vast majority of our department is ready to vote yes in a [National Labor […]

YouTube Music contractors strike over alleged unfair labor practices by Amanda Silberling originally published on TechCrunch

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Venture funding has started flooding back in at least one area: Secondaries

The venture secondaries market has been on the same roller-coaster ride as the broader VC market over the past few years, but it looks poised to break away in 2023. Like venture capital as a whole, the secondaries market was hot in 2021 as a bunch of new players — sound familiar? — entered the […]

Venture funding has started flooding back in at least one area: Secondaries by Rebecca Szkutak originally published on TechCrunch

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‘Nothing, Forever,’ an AI ‘Seinfeld’ spoof, is the next ‘Twitch Plays Pokémon’

“So, I was at the store the other day, and as I’m checking out, the cashier asks me if I have any coupons, and I say, ‘No coupon problem!'” recalls a pixelated, barely three-dimensional figure that vaguely resembles Jerry Seinfeld. “So I’m walking down the street, and this guy comes up to me and says, […]

‘Nothing, Forever,’ an AI ‘Seinfeld’ spoof, is the next ‘Twitch Plays Pokémon’ by Amanda Silberling originally published on TechCrunch

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The impact investor and climate correspondent walk into a bar

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Natasha Mascarenhas and Becca Szkutak took to their mics to sing a duet about this week’s startup news. Just kidding! But we did highlight some fun companies raising capital and talked […]

The impact investor and climate correspondent walk into a bar by Rebecca Szkutak originally published on TechCrunch

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India orders Vodafone Idea to convert government dues into $2 billion equity

The Indian government has ordered the telecom operator Vodafone Idea to convert all the interest it owes to the government into equity in the firm. Vodafone said it has been ordered to convert capital worth $1.96 billion into equity. The company “will take all necessary actions forthwith to undertake the aforesaid issuance,” Vodafone Idea disclosed […]

India orders Vodafone Idea to convert government dues into $2 billion equity by Manish Singh originally published on TechCrunch

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Is your startup heading to MWC? TechCrunch wants to hear from you

Nature is healing, the tech show is returning to in-person events. I’m not sure I’m entirely over CES less than a month after returning from Vegas, but we’re already in full planning mode for TechCrunch’s return to Barcelona. We’ll be sending an extremely scaled down team to this year’s event, but while we’re in Catalonia, […]

Is your startup heading to MWC? TechCrunch wants to hear from you by Brian Heater originally published on TechCrunch

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Grocery deliverer JOKR doubles down on Brazil as it secures $50M on $1.3B valuation

JOKR hit gross-profit status last April, but was swept into the challenging economic environment that affected the instant grocery delivery sector over the past year.

Grocery deliverer JOKR doubles down on Brazil as it secures $50M on $1.3B valuation by Christine Hall originally published on TechCrunch

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Apple stock drops on rare Q4 earnings miss

Apple has thus far been lauded for a deliberate hiring approach that saved the company from the mass layoffs conducted by top competitors like Alphabet and Amazon. But not even the iPhone maker is immune from economic headwinds. In quarterly earnings posted today, the company notched its first year-over-year loss since prior to the pandemic. […]

Apple stock drops on rare Q4 earnings miss by Brian Heater originally published on TechCrunch

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Car-sharing SPAC Getaround lays off 10% of staff

Peer-to-peer car-sharing company Getaround is laying off 10% of staff starting Thursday. The layoffs are part of a restructure aimed to put Getaround on the path to “sustainable profitability and long-term growth,” the company said in a statement. Per LinkedIn, Getaround has 421 employees, so the staff cuts should affect around 42 employees. Getaround did […]

Car-sharing SPAC Getaround lays off 10% of staff by Rebecca Bellan originally published on TechCrunch

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Daily Crunch: Hundreds of Salesforce workers laid off in January just discovered they were out of work today

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: Hundreds of Salesforce workers laid off in January just discovered they were out of work today by Christine Hall originally published on TechCrunch

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Apple’s hardware VP on the HomePod’s return

Maybe nothing ever truly dies in Apple land. The Mac Pro went on an indefinite hiatus as the hardware design team regrouped and reengineered. MagSafe appeared to be gone forever, only to be reborn in altered form on MacBooks of recent vintage. Various models and sizes across different lines have been phased out, only to […]

Apple’s hardware VP on the HomePod’s return by Brian Heater originally published on TechCrunch

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ToolJet, an open source low-code app builder, wants to help companies do more with less

“Do more with less” has emerged as something of a business mantra over the past year, as businesses across the industrial spectrum have faced growing economic headwinds. Companies have been looking for ways to cut spending without jeopardising their output, which is also having a significant knock-on effect. Indeed, most of the big tech companies […]

ToolJet, an open source low-code app builder, wants to help companies do more with less by Paul Sawers originally published on TechCrunch

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Want to buy an EV or heat pump? New coin will help you defray the costs

Fintech startup Future offers a debit card that incentivizes climate-friendly purchasing behavior, and today it’s introducing a way to let people sell their own carbon credits.

Want to buy an EV or heat pump? New coin will help you defray the costs by Tim De Chant originally published on TechCrunch

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