Facebook doubles down on business tools with WhatsApp API updates, Login Connect for Messenger and more

WhatsApp now has more than 2 billion users globally, and by comparison its efforts to cultivate more business usage have been quite modest: just over 175 million people message with WhatsApp Business accounts daily for things like customer support or to discuss products. Today, as part of its F8 ev

Amazon to stop screening employees for marijuana

Amazon in a brief blog post announced it will no longer include marijuana on its drug screening program. In short, the company is now treating weed like alcohol, which means off-work employees can partake in a beer or a spliff without fear of repercussions. Of course, just like with alcohol, Amazon

Venn, a social networking and services platform for hyperlocal neighborhood groups, raises $60M

Facebook, Nextdoor and many others in tech have focused on the concepts of community and neighborhoods to build connections between people and in turn offer services relevant to them. Today, a startup called Venn, which is bringing a new approach to that concept — it’s focusing first on

Etsy is acquiring UK-based social selling site Depop for $1.625B in a mostly cash deal

Very big news today coming out of Europe in the world of e-commerce. Etsy, the New York-based marketplace where crafty creators and those interested in their styles can discover and buy those goods, today announced that it is acquiring Depop, a London-based marketplace targeting millennial and Gen

SoftBank-backed construction giant Katerra said to be shutting down after raising billions

After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The Information. Last year, the company claimed it had more than 8,000 employees globally. Menlo

Daily Crunch: Wefox CEO says $650M Series C was ‘much more than we wanted to raise initially’

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 June 1, 2021. We're back from a long weekend here in the United States, which means that the blog has been humming all

LIVE: Coda’s Shishir Mehrotra and Madrona’s S. Somasegar talk taking on Google on Extra Crunch Live

Collaborative software is so hot right now, but the space is also incredibly crowded. It can be hard to rise above the noise, but Coda has managed to do so with $140 million in funding and a valuation topping $600 million. So it should go without saying that we’re excited to hear from Coda CE

Indivisible is training an army of volunteers to neutralize political misinformation

The grassroots Democratic organization Indivisible is launching its own team of stealth fact-checkers to push back against misinformation — an experiment in what it might look like to train up a political messaging infantry and send them out into the information trenches. Called the “Truth Brig

Tencent helps Chinese students skip prohibitively low speeds for school websites overseas

Hundreds of thousands of Chinese students enrolled in overseas schools are stranded as the COVID-19 pandemic continues to disrupt life and airlines worldwide. Learning at home in China, they all face one challenge: Their school websites and other academic resources load excruciatingly slowly becaus

Intel announces two new 11th-gen chips and a 5G M.2 laptop module at Computex

Intel kicked off this year's virtual Computex by announcing two new 11th-gen U-Series chips for use in thin, lightweight laptops. It also unveiled its first 5G M.2 module for laptops, designed in a partnership with MediaTek (Intel sold its smartphone modem business to Apple in 2019). Both of In

So, you want to democratize venture capital

A venture capitalist once told me candidly that whenever you see the phrase “democratization” in tech marketing material, think of it as a red flag. Democracy, generally speaking, often comes with an ironic caveat: It disproportionately benefits white and male participants. Now, you kno

Alibaba is making its cloud OS compatible with multiple chip architectures

Alibaba’s cloud computing unit is making its Apsara operating system compatible with processors based on Arm, x86, RISC-V, among other architectures, the company announced at a conference on Friday. Alibaba Cloud is one of the fastest-growing businesses for the Chinese e-commerce giant and t

Daily Crunch: Tesla switches on camera-based driver monitoring for Autopilot users

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. Welcome to the Daily Crunch for May 28, the last edition before a long weekend here in the United States. But impending holiday or not, there's plenty to catc

Penfold closes $8.5M to provide a full-stack pension in an app aimed at freelancers

Penfold, a startup that offers a full-stack pension in a smartphone app, has closed an $8.5 million (£6 million) funding round, $4 million of which was from a crowdfunding campaign. The company is now approved by the FCA to operate a pension itself rather than relying on third parties and is aimed