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How to stretch your venture dollars
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Friday, October 6, 2023
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Thursday, October 5, 2023
Netflix’s 6.5M India subscribers dwarfed by Prime Video and Disney, Bernstein says
Netflix has “not succeeded” in scaling up its business in India despite the global streaming giant consistently lowering the subscription costs in the country, analysts at AllianceBernstein wrote in a report to clients Thursday. The U.S. streamer has about 6.5 million subscribers in India, compared to Prime Video’s 20 million in the South Asian market, […]
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‘Marked to zero’: Paradigm testimony at SBF trial points to investor fraud
The testimony of Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, at Sam Bankman-Fried’s trial may help the prosecution convince jurors that the former crypto mogul defrauded investors. Huang testified Thursday that he and his firm were in the dark about a range of business practices at FTX, red flags that would […]
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All eyes on VW after Hyundai, Kia adopt Tesla charging standard
Hyundai and Kia have finally announced their plans to adopt Tesla’s North American Charging Standard (NACS) ports for their electric vehicles in the U.S. and Canada, joining the swells of automakers that have also promised to do so. The move will give Hyundai and Kia drivers — as well as drivers of Ford, General Motors, […]
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a16z-backed Castelion wants to mass produce defense hardware, starting with hypersonics
One builds weapons in order that they are not used. Thus goes the central premise of deterrence theory, which says it is the credible threat of aggression – not the use of aggression – that will ensure states avoid war. This theory has dominated much of America’s strategic thinking over the past fifty-plus years, but […]
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Alaska Airlines taps Up.Labs to build the next-generation of aviation startups
Alaska Airlines wants to solve some of the stickier problems in aviation. And it’s turning to UP.Labs — a new venture lab that launched publicly in 2022 — for help. The two companies announced Thursday at the Up Summit event in Dallas an agreement to form an aviation venture lab. This lab will create startups […]
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AWS, Microsoft, and Google face UK competition probe over cloud lock-in practices
The U.K. cloud market has been thrust firmly into the regulatory crosshairs, with news that the Competition and Markets Authority (CMA) is launching a full-scale investigation into whether the big cloud infrastructure companies make it difficult for businesses to switch, or use multiple providers. The news comes a full year after Ofcom revealed it was […]
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Union Square Ventures backs Indian EV infra startup Bolt.Earth in $20M funding
Bolt.Earth, an Indian startup that offers charging infrastructure and software solutions for electric vehicles, has raised $20 million in a funding round to expand its presence within the South Asian nation and enter into new markets. The Bengaluru-based startup has raised fresh capital from its existing and new investors, including Union Square Ventures, Prime Venture […]
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X cuts headlines from link previews as Musk wants users posting directly on the platform
X, formerly Twitter, has started cutting headlines from link cards on the iOS app and on the web. This means you will see just an image with the domain name of the link on the bottom left, which is easy to miss. The move is part of Elon Musk’s efforts to get users to post […]
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Amazon shutters its live radio app Amp
Amazon has shut down its Clubhouse competitor’s live radio app Amp almost 18 months after its launch. The app allowed users to play DJ and provide commentary alongside playing tracks. The company’s lead for digital music, Steve Boom, sent a memo internally saying the decision to shut down the platform “only became clear after months […]
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Three weeks later, investors are still not terribly enthusiastic about the massive Cisco-Splunk deal
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Wednesday, October 4, 2023
Was FTX an empire ‘built on lies’ or a startup that ‘grew too quickly’?
The criminal trial of former cryptocurrency magnate Sam Bankman-Fried completed its second day on Wednesday. The prosecution and defense both gave opening statements, and interviewed the first two witnesses, including a customer of FTX and Bankman-Fried’s former friend and ex-Alameda and FTX employee Adam Yedidia. The prosecution painted Bankman-Fried as someone who knowingly committed fraud […]
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Meet the 12 jurors on Sam Bankman-Fried’s trial
The second day for Sam Bankman-Fried’s trial was filled with jury selection, opening statements and testimonies from the first two witnesses, with a peek into what may be in store. His lawyers arrived at the court room 10 minutes before clock-in time, around 9:20 am. Bankman-Fried followed shortly after. Although he was once known for […]
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Tiny EV maker ElectraMeccanica pulls the plug on its exit plan
ElectraMeccanica, former maker of three-wheeled electric vehicles, said on Wednesday that it has “terminated” its plan to merge with Tevva, which makes hydrogen-electric trucks (not sandals). ElectraMeccanica said its board decided unanimously to bin the deal over “multiple incurable breaches of the agreement by Tevva.” The alleged breaches include “failures by Tevva” to share “material […]
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Bird lays off staff after Spin acquisition to reduce redundancies
Bird, the shared micromobility company that was delisted from the New York Stock Exchange last week, is issuing another round of layoffs, according to an email interim CEO Michael Washinushi sent to the company. TechCrunch has viewed the email. TechCrunch has been unable to confirm the number of people affected by the layoffs. Bird has […]
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