Facebook names VP of product growth Alex Schultz as new CMO

To fill its empty CMO position, Facebook just promoted to the C-suite a longtime Facebook executive focused on product growth. Former VP of product growth and analytics Alex Schultz, who has been with the company since 2007, announced the move Tuesday in a Facebook post. Schultz will fill the posit

Daily Crunch: Amazon lets you pay with your palm

Amazon unveils a new biometric ID technology, the Biden campaign takes aim at Facebook and iRobot’s co-founder joins a robotic gardening startup. This is your Daily Crunch for September 29, 2020. The big story: Amazon lets you pay with your palm The company announced a new bio

Amazon launches a virtual tours and experience platform, Amazon Explore

Amazon today is launching a new service called Amazon Explore that allows customers to book live, virtual experiences led by local experts. The experiences may be focused on creativity, learning DIY skills, taking virtual tours of far-off places or cultural landmarks or, in some cases, shopping loc

Ringing alarm bells, Biden campaign calls Facebook ‘foremost propagator’ of voting disinformation

In a new letter to its chief executive on the eve of the first presidential debate, the Biden campaign slammed Facebook for its failure to act on false claims about voting in the U.S. election. In the scathing letter, published by Axios, Biden Campaign Manager Jen O’Malley Dillon specifically

Facebook introduces Accounts Center, a tool for managing a growing number of cross-app settings

Despite being under antitrust investigations in the U.S. and E.U., Facebook today is rolling out a new feature that highlights the extent to which its suite of apps now interoperate. The company this morning introduced a consumer-facing tool called “Accounts Center,” which is found in t

TikTok launches a US elections guide in its app

Though TikTok is in the middle of fighting off the Trump administration’s attempt to ban its app in the U.S. over data privacy concerns, the company today is launching a new feature focused on the 2020 U.S. elections. TikTok announced this morning it’s introducing an in-app guide to the

Amazon introduces the Amazon One, a way to pay with your palm when entering stores

In the middle of a pandemic when customers are often wearing plastic gloves to stores alongside their face masks, Amazon’s physical retail team is introducing a new biometric device that will allow shoppers to pay at Amazon Go stores using their palm. The company on Tuesday introduced its pur

Rally raises $17M to expand a platform that lets you invest in (but not buy) collectibles

When people ponder the investment opportunity around collectibles, they probably think about things like wine auctions, sales of very expensive old cars or baseball cards, or maybe a pocket watch that made an unlikely appearance on an antiques TV show, hoping that their piece of treasure might one

New program wants to be the Y Combinator for emerging fund managers

Rolling funds, the rise of solo capitalists, crowd syndicates and team-based seed funds all scream one thing in unison: venture capital is growing and getting unbundled at the same time. While the asset class remains largely exclusive and skewed white and male, innovation does have the potential to

The revamped Motorola Razr foldable launches October 2, starting at $1,200

Foldable phones have had…quite the journey over the last few years. The second time appears to have been the charm for the Galaxy Fold, with a far more robust design than the first generation. And now Motorola's hoping for similar luck with a revamped version of the Razr. The Lenovo-owned bra

PayCargo raises $35M from Insight for its cloud-based platform targeting the freight industry

Shipping has long been one of the more antiquated, and least technological, segments in the world of commerce, with its physical aspects — rooted in massive cargo tankers, giant fleets of aircraft and trucks, and trains of linked-up containers — underscoring some of the more obvious ana

Daily Crunch: Judge delays TikTok ban

Americans can continue using TikTok for now, Google updates its developer policies and Uber gets approval to resume operations in London. This is your Daily Crunch for September 28, 2020. The big story: Judge delays TikTok ban The saga continues! The Trump administration’s ban

Amazon launches a $4.99-per-month ‘personal shopper’ service for men’s fashion

Amazon is introducing a personal shopping service for men’s fashion. The service, now available to Prime members, is an expansion of the existing Personal Shopper by Prime Wardrobe, a $4.99 per month Stitch Fix rival, originally aimed at women. With Personal Shopper by Prime Wardrobe, an Amaz

A quarter of US adults now get news from YouTube, Pew Research study finds

Around a quarter of U.S. adults, or roughly 26%, say they get news by watching YouTube videos, according to a new study from Pew Research Center, which examined the Google-owned video platform’s growing influence over news distribution in the U.S., as well as its consumption. The study, not s