LanzaJet launches to make renewable jet fuel a reality

Wed, 03 Jun 2020 05:22:24 +0000
Over a fifteen year stretch, LanzaTech has developed technologies that can turn carbon emissions into ethanol that can be used for chemicals and fuel. Today, the company announced the spinout of LanzaJet alongside its corporate partners Mitsui, Suncor, and All Nippon Airways, to bring sustainable aviation fuel to the commercial market. The new company has […]
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Facebook strikes global licensing deal with Indian music label Saregama

Wed, 03 Jun 2020 04:33:30 +0000
Facebook said on Wednesday it has entered into a global deal with Saregama, one of India’s oldest music labels, to license its music for video and other social experiences across its eponymous service and Instagram. The partnership, which comes weeks after Swedish music giant Spotify also signed a deal with Saregama, will allow users to […]
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Workforce training app developer Poka adds strategic investor Schneider Electric

Wed, 03 Jun 2020 02:37:56 +0000
Poka, a workforce training app and software service for industrial companies, has added SE Ventures, the venture capital arm of the European energy and automation conglomerate Schneider Electric to its roster of backers. The company has raised over $23 million in funding so far for its application and software services package that provides training and […]
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Facebook and PayPal invest in Southeast Asian ride-hailing giant GoJek

Wed, 03 Jun 2020 01:17:25 +0000
Facebook and PayPal have made investments in GoJek, joining Google and Tencent among other high-profile technology firms that have backed the five-year-old Southeast Asian ride-hailing startup that also offers food delivery and mobile payments. Facebook, for which it is the first investment in an Indonesia-based firm, and PayPal did not disclose the size of their […]
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Google pulls ‘Remove China Apps’ from Play Store

Wed, 03 Jun 2020 01:05:19 +0000
Remove China Apps, an app that gained popularity in India in recent weeks and did exactly what its name suggests, has been pulled from the Play Store. The top trending app in India, which was downloaded more than 5 million times since late May and enabled users to detect and easily delete apps developed by […]
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Bird shuts down Circ operations in Middle East, scraps as many as 10,000 scooters

Tue, 02 Jun 2020 23:16:56 +0000
Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. About 100 Circ employees have been laid off and as many as 10,000 Circ scooters have been sent to a third-party UAE-based company for recycling, according to multiple […]
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BBC releases first beta of its Beeb voice assistant to UK Windows Insider members

Tue, 02 Jun 2020 23:00:34 +0000
Back in August 2019, the BBC made some waves with the news that it was developing a voice assistant called Beeb, an English language “Alexa” of its own that could interact with and control its array of radio and TV services, and its on-demand catalogue, and able to understand the array of accents you find […]
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Venture firms rush to find ways to support Black founders and investors

Tue, 02 Jun 2020 22:43:12 +0000
As protests against police brutality and economic manifestations of systemic racism in the U.S. continue, venture capital firms are joining the chorus of technology industry advocates lending their support to the cause. For the past three days, technology company executives and the investors who backed them have issued statements of support for the protests and […]
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Ahead of its 2015 debut, Atlassian’s IPO deck detailed a financial rocketship

Tue, 02 Jun 2020 21:33:57 +0000
TechCrunch recently dug into Atlassian’s IPO deck, detailing how the company prepped the document and took it on the road. It’s worth your time. Read it. It’s always interesting to dig into a company’s IPO documents and decks after they’ve debuted, as with the benefit of passed time we can learn quite a lot. This […]
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Trump’s executive order attacking social media companies faces its first legal challenge

Tue, 02 Jun 2020 21:14:23 +0000
An executive order from the White House targeting Twitter for moderating one of the president’s posts is being challenged in a new lawsuit from a digital rights group. The president signed the order last week after Twitter added a fact-checking label to one of his tweets that made false claims about mail-in voting. The order, […]
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Zoom’s paid usage skyrockets as remote work takes over

Tue, 02 Jun 2020 20:45:45 +0000
Amid the COVID-19 pandemic, few companies seemed more poised to receive a usage bump than Zoom and its enterprise-grade video chat platform, but it turns out Zoom’s growth has outpaced those expectations. In the company’s quarterly earnings release, Zoom delivered a beat that represented 169% year-over-year revenue growth, but they did so on the back […]
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Remote work helps Zoom grow 169% in one year, posting $328.2M in Q1 revenue

Tue, 02 Jun 2020 20:23:09 +0000
Today after the bell, video-chat service Zoom reported its Q1 earnings. The company disclosed that it generated $328.2 million in revenue, up 169% compared to the year-ago period. The company also reported $0.20 per-share in adjusted profit during the three-month period. Analysts, as averaged by Yahoo Finance, expected Zoom to report $202.48 million in revenue, […]
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Global PC shipments set to drop 7% in 2020

Tue, 02 Jun 2020 19:05:20 +0000
New numbers from Canalys project a 7% drop in global PC sales, owing to financial strains. The category is one of countless impacted by the COVID-19-related shutdowns, but the group notes that the virus’s direct impact is mostly behind the industry, due to the rebounding of China’s supply chain. A resulting global recession, on the […]
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Peloton’s fitness app finally lands on Apple TV

Tue, 02 Jun 2020 18:57:26 +0000
Since announcing in March that they were extending for a short time the free trial of their digital subscription from 30 to 90 days, Peloton has been rolling out more support for TV screens, adding Android TV back in April and announcing today that they’ve launched an official Apple TV app. Shelter-in-place and the associated […]
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Pitch deck teardown: The making of Atlassian’s 2015 roadshow presentation

Tue, 02 Jun 2020 18:53:00 +0000
In 2015, Atlassian was preparing to go public, but it was not your typical company in so many ways. For starters, it was founded in Australia, it had two co-founder co-CEOs, and it offered collaboration tools centered on software development. That meant that the company leaders really needed to work hard to help investors understand […]
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Zigazoo launches to be a ‘TikTok’ for kids, surpasses 100,000 uploads and downloads

Tue, 02 Jun 2020 18:09:39 +0000
Like many parents, Zigazoo founder Zak Ringelstein worries about his children’s screen time. His worries only grew when COVID-19 led to school shutdowns and kids came home to a world of remote learning. Now, as lockdowns extend, Ringelstein is learning to embrace screen time as a way to sneak education and entertainment into his kids’ […]
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Podcast app Majelan pivots to premium audio content around personal growth

Tue, 02 Jun 2020 17:52:31 +0000
French startup Majelan is pivoting a year after launching a podcast player and service. The company, created by former Radio France CEO Mathieu Gallet and Arthur Perticoz, is ditching the podcast aggregation side of its business and focusing on premium audio content going forward. Like many podcast startups, Majelan faced some criticism shortly after its […]
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What motivates innovative entrepreneurs: Money or altruism?

Tue, 02 Jun 2020 17:47:52 +0000
To be truly inclusive — of gender, culture and background — we must be intentional in how we inspire and support entrepreneurs. We must speak to both instincts: the hero and the helper.
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Daily Crunch: Facebook employees walk out virtually

Tue, 02 Jun 2020 16:58:22 +0000
Facebook staff protests the social network’s stance on Trump posts, Volkswagen finalizes its $2.6 billion investment in Argo AI and we examine complaints about the layoff process at events and travel startup Pollen. Here’s your Daily Crunch for June 2, 2020. 1. Facebook employees stage virtual walkout in protest of company’s stance on Trump posts […]
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Europe asks for views on platform governance and competition tools

Tue, 02 Jun 2020 16:56:29 +0000
The European Commission is asking for views on how online platforms should be regulated in future, launching a public consultation today on the forthcoming Digital Services Act (DSA). This pan-EU legislative proposal, due before the end of the year, is slated to rework the regional rule book for digital services, including tackling controversial issues such […]
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