It’s not looking great for ride-hailing giant Uber (NYSE: UBER). Today, Uber closed its second day of trading down more than 18.8 percent from its IPO price at $37.25 per share with a market cap of $62.2 billion. Uber, which was previously valued at $72 billion by venture capitalists on the private market, priced its […]
How founders are taking on housing costs worldwide.
Daniel Wu Contributor Dan Wu is a privacy counsel and legal engineer at Immuta. He holds a JD from Harvard University, and is a PhD candidate for Social Policy and Sociology at The Harvard Kennedy School. Housing is big money. The industry has trillions under management and hundreds of billions under development. And investors have […]
Spotify is testing its own version of Stories — the sharing format popularized by social apps like Snapchat and Instagram and has since made its way to other apps like Facebook, YouTube, WhatsApp, and others. In Spotify’s case, it’s not called “Stories” but rather “Storyline,” and the focus is on allowing artists to share their […]
Since the launch of its IPO in mid-April, Zoom stock has skyrocketed, up nearly 30% as of Monday’s open. However, as the company’s valuation continues to tick up, analysts and industry pundits are now diving deeper to try and unravel what the company’s future growth might look like. TechCrunch’s venture capital ax Kate Clark has been […]
Twitter on Monday afternoon disclosed a bug that resulted in an account’s location data being shared in certain conditions with a Twitter partner — even if the user had not opted in to sharing that data. The bug only affected a portion of Twitter’s iOS user base, the company says, and they’ve since been notified […]
The well-known tech startup routine of coming up with an idea, raising money from VCs in increasing rounds as valuations continue to rise, and then eventually going public or getting acquired has been around for as long as the myth of Silicon Valley itself. But the evolution of MailChimp — a notable, bootstrapped outlier out […]
Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine. Most venture-backed startups can take a decade to reach the public markets. Luckin cut that time down to about 18 months. Founder Jenny Qian Zhiya opened a trial coffee shop in Beijing, with a focus on rapid coffee […]
A new feature rolling out to Uber drivers offers a semi-customized look at their “journey” with the company. On the face of its, the video is similar to sort offered up by Facebook on the occasion of anniversaries. Here, it pairs a driver’s stats with jaunty music and animation, highlighting how long they’ve been driving […]
Facebook has been repeatedly (and rightly) hammered for its treatment of the content moderators who ensure the site doesn’t end up becoming a river of images, videos and articles embodying the worst of humanity. Those workers, and the hundreds (if not thousands) of other contractors Facebook employs to cook food, provide security, and transportation for […]
Boost Mobile, a virtual mobile network owned by Sprint, has confirmed hackers have broken into an unknown number of customer accounts. The company quietly posted a notification of its data breach almost exactly two months after March 14 when Boost said the breach happened. “Boost.com experienced unauthorized online account activity in which an unauthorized person […]
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Amazon offers employees $10K and 3 months’ pay to start their own delivery businesses Amazon’s partner program, first announced last year, […]
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