Uber had an abysmal second day of trading

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 […]

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Innovations in inclusive housing

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 […]

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Spotify is testing its own version of Stories called ‘Storyline’

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 […]

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Looking back at Zoom’s IPO with CEO Eric Yuan

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 […]

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The misunderstandings of 18-month-old Luckin’s $500m IPO

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 […]

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Uber offers shareable video of drivers’ ‘journey’

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 […]

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Boost Mobile says hackers broke into customer accounts

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 […]

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Daily Crunch: Amazon doubles down on its partner program

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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