Airbnb, DoorDash report earnings as COVID threatens to slow the IRL economy (again)
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
Foxconn plans to build EV factories in the US and Thailand in 2022
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Foxconn is getting more serious about its electric vehicle ambitions. The company told investors during an earnings call that it plans to build EV factories in the US and Thailand in 2022 and start mass producing vehicles the following year. Chairman Liu Young-way said the company is also in tal
Daily Crunch: FEMA tests national emergency alert system for first time since pandemic began
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Hello and welcome to Daily Crunch for August 11, 2021. If you are a Twitter user, today has proven to be a divisive day, thanks to some design changes. We also ha
Regulations can define the best places to build and invest
Market timing? — ?how relevant an idea is to the current state and direction of a market? — ?is the most important factor in determining the durability of that idea.
Several inputs inform market timing: The skew of consumer preferences in response to a pandemic. The price of goods for a
Weedmaps adds in-app cannabis purchasing for iPhone users
Thanks to Apple loosening App Store restrictions, Weedmaps users can now purchase cannabis within the popular app. This means Weedmaps users can browse, select and purchase cannabis and have it set for pick-up or delivery — all within the app. Previously, users could only locate and browse menus
Join us today for Extra Crunch Live, as we speak with 1910 Genetics’ Jen Nwankwo and Playground Global’s Jory Bell
Our Extra Crunch Live series continues with some heavy hitters in August, including Jen Nwankwo, founder and CEO at 1910 Genetics, and Playground Global general partner Jory Bell. They’ll be with us live on August 11 at 12 p.m. PT (3 p.m. ET) to tell us all about how Nwankwo and her startup w
Apple drops its lawsuit against maker of iPhone emulation software
Apple has settled its 2019 lawsuit with Corellium, a company that builds virtual iOS devices used by security researchers to find bugs in iPhones and other iOS devices, the Washington Post has reported. The terms of the settlement weren’t disclosed, but the agreement comes after Apple suffere
Mirthy raises $1.1M pre-seed funding to build out platform for sprightly boomers
As baby boomers (aged 57-75 at this point) and Gen X (aged 41-56) head into their dotage, they are no longer the “senior citizens” of yore, being still active and, often, healthy. But leaving work means they lose about half of their social network, which has a negative impact on well-being. Plu
Construction management platform Remato raises $1.7M seed from Passion Capital
Small and medium-sized construction businesses in Europe and the U.S. tend not to be run on digital platforms, leaving a $1.6 trillion industry relatively untouched. Publicly listed Procore (NYSE: PCOR) is the go-to platform for large general contractors, but newer startups are going for this SMB c
CRANQ launches to save developers time when adding text code
When adding text code from a third-party source into a platform, the process is an unavoidable and time-consuming chore. Developers currently spend a large part of their day reviewing things like “NPM” packages and such. There are developer libraries and text code platforms like JetBrains and V
Facebook’s vaccine stance is part of a familiar pattern, says author and NY Times journalist
Today, in a new report about “coordinated inauthentic behavior” on its platform, Facebook states that it last month removed hundreds of accounts across its Facebook and Instagram platforms that were tied to anti-vaccination disinformation campaigns operated from Russia. In one campaign,
Daily Crunch: Apple's head of Privacy addresses concerns over Messages safety, child abuse detection
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Hello and welcome to Daily Crunch for August 10, 2021. Today we have all sorts of goodies for you: Apple's privacy stance, cannabis tech, even some crypto-foc
Scotts Miracle-Gro announces cannabis investment entity, and a $150M investment in RIV Capital
Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cannabis.
Called The Hawthorne Collective, the entity is said to be pursuing minority investments in co
Google to introduce increased protections for minors on its platform, including Search, YouTube and more
Weeks after Instagram rolled out increased protections for minors using its app, Google is now doing the same for its suite of services, including Google search, YouTube, YouTube Kids, Google Assistant and others. The company this morning announced a series of product and policy changes that will a