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A group of senators sent new Amazon CEO Andy Jassy a letter Friday pressing the company for more information about how it scans and stores customer palm prints for use in some of its retail stores. The company rolled out the palm print scanners through a program it calls Amazon One, encouraging peo

Food delivery apps offer convenience for customers, but a host of headaches for restaurants, like commissions as high as 40% and very few tools to build customer loyalty. Based in Singapore, Tablevibe wants to help restaurants reduce their reliance on third-party delivery apps and help them get mor

Disney’s streaming service is seeing improved growth, after initially seeing slower numbers of subscriber additions in Q2 as COVID lockdowns and mask mandates came to an end. Today, Disney+ beat analyst expectations for subscriber growth in Disney’s blowout third quarter, reaching 116 m

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for August 12, 2021. A few things to kick us off: First, the worlds of politics and technology are increasingly butting heads. W

Home-stay giant Airbnb and on-demand delivery concern DoorDash reported their quarterly results today after the bell. Both companies were heavily impacted by the onset of COVID-19. Airbnb saw its revenues collapse in 2020 during early lockdowns, leading the company to raise expensive capital and ba

Earlier this year, Nothing launched the Ear (1) with a grand idea: earbuds as fashion accessories. Sure, the company talked a lot about the non-invasiveness of transparent design, but at the end of the day, the product's launch on StockX betrayed a focus on the fashion forward. In that respect,

Operating in the cloud is soon going to be a reality for many businesses whether they like it or not. Points of contention with this shift often arise from unfamiliarity and discomfort with cloud operations. However, cloud migrations don’t have to be a full lift and shift. Instead, leaders un

Medal.tv, a short-form video clipping service and social network for gamers, is entering the livestreaming market with the acquisition of Rawa.tv, a Twitch rival based in Dubai, which had raised around $1 million to date. The seven-figure, all-cash deal will see two of Rawa’s founders, Raya D

The unprecedented liquidity that has entered the venture market in the past year has spurred several trends that require VCs to adapt to a more competitive environment where startup founders have far more leverage than they did in the past. Structurally, there are only so many startups looking to r

Lowercarbon Capital, a climate-tech focused fund founded by longtime investor Chris Sacca and his wife Crystal Sacca, has closed on $800 million in capital, Sacca announced today in a post on the firm’s site. According to Sacca, the commitments came exceedingly fast — in “just a f

With two giants calling the shots and collecting whatever tolls they see fit, mobile software makers have long complained that app stores take an unfair cut of the cash that should be flowing directly to developers. Hearing those concerns, a group of senators introduced a new bill this week that, i

Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting. In an effort to show shareholders that the numbers are continuing to improve under the current lea

I'm frequently asked by journalists whether I think venture capital valuations are too high in the current environment. Because the average venture capital fund returns only 1.3x committed capital over the course of a decade, according to the last reported data from Cambridge Associates, and 1.

A short decade after software started eating the world, along came headlines about every company becoming a fintech thanks to innovation and growth in embedded finance business models. This narrative oversimplifies the evolution that's happening in the financial services sector. Storing and mov