Let’s talk venture results, unique issues to the African startup scene, and look ahead to see if we can spy any good news on the horizon.
After initially defying the global slowdown, African startups’ first quarter venture results fall by Anna Heim originally published on TechCrunch
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There is no clear indication yet that that is new de facto policy, or that First Republic customers will enjoy similar protections.
Shares of First Republic are off 40% on reports that the government may step in by Alex Wilhelm originally published on TechCrunch
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A crypto wallet theft lawsuit brought about by a man who claims to be Bitcoin creator Satoshi Nakamoto could jeopardise the future of open source software development. That’s according to the Jack Dorsey-backed Bitcoin Legal Defense Fund which is taking on a case to defend 11 Bitcoin developers named in a lawsuit filed by Craig […]
How Jack Dorsey’s Bitcoin Legal Defense Fund is fighting for the future of open source software by Paul Sawers originally published on TechCrunch
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The U.S. government has sounded the alarm about a critical software vulnerability found in genomics giant Illumina’s DNA sequencing devices, which hackers can exploit to modify or steal patients’ sensitive medical data. In separate advisories released on Thursday, U.S. cybersecurity agency CISA and the U.S. Food and Drug Administration warned that the security flaw — […]
Critical-rated security flaw in Illumina DNA sequencing tech exposes patient data by Carly Page originally published on TechCrunch
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Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in […]
Muslims come into the frame in Southeast Asia’s fintech boom by Catherine Shu originally published on TechCrunch
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Snap, the parent company of Snapchat, has seen its stock tumble 20% in after-hours trading after reporting first-quarter earnings Thursday. The company missed Wall Street revenue estimates of $1 billion, closing out the quarter with $989 million. That’s down 7% from the same period last year, and it represents the first time since Snap went […]
Snap stock down 24% on weak earnings, ad revenue slump by Rebecca Bellan originally published on TechCrunch
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Clubhouse, a once skyrocketing social audio app built by Paul Davison and Rohan Seth, has laid off more than half of its staff. The startup’s co-founders made the decision in response to customer habits changing in a post-COVID world and remote work complexities, according to a blog post. Those who were impacted will receive severance […]
Clubhouse needs to fix things, and today it cut more than half of staff by Natasha Mascarenhas originally published on TechCrunch
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Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: Citing slow growth and desire to be ‘at the forefront of the AI era,’ Dropbox CEO lays off 500 by Christine Hall originally published on TechCrunch
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If you find smartphone notifications annoying enough already thanks to their skill at exploiting the full range of distraction options available, whether dropping a banner from above or sprinkling pox-like red balls over your homescreen icons so as to lodge like grit in the eye, you should prepare yourself for even less subtle demands bubbling […]
Researchers develop tiny hydraulic haptics for touchscreen notifications you can physically feel by Natasha Lomas originally published on TechCrunch
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Meta announced today that it’s introducing new body shapes, improved hair and clothing textures to its avatars. The company also announced that more than one billion avatars have been created across its platforms. Starting this month, users will be able to choose from a wider range of body shape options, including two curvier body shapes. […]
Meta updates its avatars with new body shapes, hair and clothing by Aisha Malik originally published on TechCrunch
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I wrote about half of last week’s Actuator on Wednesday in an empty office at MassRobotics after meeting with an early-stage startup. I’m not ready to tell you about them just yet, but they’re doing interesting work and have one of the wilder founding stories of recent vintage, so stay tuned for that. Also, shoutout […]
Flipping is much easier than walking by Brian Heater originally published on TechCrunch
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Meta announced today that it will be phasing out onboarding of new Shops without checkout on Facebook and Instagram enabled. Beginning April 24 of next year, Shops without checkout on Facebook and Instagram enabled will no longer be accessible. This means that shops that direct people to an e-commerce site to complete a purchase, rather […]
Instagram and Facebook will force their checkout experience on Shops soon by Aisha Malik originally published on TechCrunch
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Growth matters, but given the macroeconomic climate, smaller numbers are apparently OK as long as there are clear factors driving future revenue and profit.
What is this, revenue growth for ants? by Alex Wilhelm originally published on TechCrunch
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