Peloton CEO acknowledges corrective actions, denies ‘halting all production’ of bikes and treadmills

Ahead of the company’s upcoming earnings, Peloton CEO John Foley took a break from a “quiet period” to address a number of reports related to poor device sales. The executive issued a denial that the company is halting production ...

5 areas where VCs can play an outsized role in addressing climate change

Jamil Wyne Contributor Jamil Wyne is an advisor, investor and author focusing on entrepreneurship, technology and economic development in emerging markets. He has worked with the World Bank, IFC, UN, Clean Energy Venture Group, Schmidt Futures, Ashoka, and other organizations. ...

Netflix had its lowest year of subscriber growth since 2015

Despite producing global hits like “Squid Game” in 2021, Netflix’s fourth quarter returns show the streaming giant struggling to maintain a lead over its competitors. The company fell short of its projections for new subscribers this quarter, adding 8.3 million ...

The first big tech antitrust bill lumbers toward reality

A major Senate bill that would prevent tech companies from giving preference to their own products and services just passed a significant hurdle in Congress, bringing it one step closer to becoming law. The Senate Judiciary Committee voted today ...

Daily Crunch: Following ‘significant reduction’ in demand, Peloton puts brakes on production

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for January 20, 2022! Today’s theme is more. Sure, the creator ...

Ahead of a February event, Samsung teases Galaxy S/Note merger

Last summer, Samsung announced that – for the first time in a decade – it wouldn’t be releasing a new Note. The future of the well-loved phablet was a big, open question, as the hardware giant acknowledged a shift ...

Spotify still tops other music services, but its market share declined

Music streaming is continuing to grow around the world. According to a new report from MIDiA, an entertainment research firm, 523.9 million people subscribed to a music streaming service globally as of the second quarter of 2021. This marks a ...

ANYmal’s quadrupedal robot takes a hike

It’s been pretty astonishing to see what robotics researchers have been able to accomplish with legged robots over the past few years. Oregon State University taking Cassie for a 5K back in July springs to mind. This week researchers ...

An early bet on Solana and others has led to a new, $500M fund for Foundation Capital

Foundation Capital, an early-stage venture firm with offices in Palo Alto and San Francisco, has been around for 27 years, in many iterations. It has been sprawling, it has been small, it has thrived, it has teetered. In 2022, ...

Inside Secfi’s 2021 state of stock options equity report

Frederik Mijnhardt Contributor Share on Twitter Frederik Mijnhardt is the CEO of Secfi, an equity planning platform for startup executives and employees. Last year set a new record for public exits, with more than 844 U.S. companies going public via ...

TBD turns an STI into NBD with at-home testing for sexually transmitted infections

Sexual health isn’t the taboo it once was, but that doesn’t mean everything is all roses and unicorns in the land of STI testing. TBD Health is taking a fresh new approach with at-home testing made available for vagina-havers. The ...

The pandemic trade is over

News broke today (shoutout CNBC for the scoop) that Peloton is halting production of its hardware for a bit. Compare and contrast the following headlines, the first from May 2020 via our friends at Quartz: And today: Calling an event ...

How to build a product advisory council for your startup

David Annis Contributor Share on Twitter David Annis is the co-founder and COO of Parallax, a provider of business insights that empower digital services companies to forecast with confidence. The pandemic has rapidly increased the pace at which companies must ...

Don’t underestimate first-time founders

French payroll startup PayFit is now valued at $2.1 billion after raising a $289 million Series E round. It’s not France’s only recent unicorn, though: Ankorstore, Qonto, Exotec and Spendesk also joined the club this month. If you add ...

MIT Startup Exchange: Creating powerful synergies

A program within MIT Corporate Relations has become the largest university-based platform for startups to connect with corporations.

Pay Misty for me

I’ve met with Misty’s founders a number of times over the years, often in hotel suites at CES where the company was showing off their humanoid robot’s latest capability. The firm started life in mid-2017, as a spinoff of Sphero, ...

TikTok begins testing support for paid subscriptions

TikTok is testing support for paid subscriptions, the company confirmed to TechCrunch on Thursday. As first reported by The Information, the popular short-form video app is exploring the option for creators to charge subscriptions for their content. The feature ...

Advanced driver assistance tech in cars today won’t pass IIHS’ new safety rating

Not a single advanced driver assistance system offered in today’s new vehicles would meet pending safety criteria being developed by the Insurance Institute for Highway Safety, according to the organization. The nonprofit that is funded by auto insurance companies ...

Twitter Blue subscription users are first to gain access to a new NFT Profile Picture feature

Twitter today is introducing a new feature that will allow users to show off their NFTs, or non-fungible tokens — a way to certify digital assets stored on the blockchain. The company is rolling out NFT Profile Pictures to Twitter ...

Prophecy raises $25M for its low-code data engineering platform

Prophecy, a low-code platform for data engineering, today announced that it has raised a $25 million Series A round led by Insight Partners. Existing investors SignalFire and Berkeley Skydeck as well as new investor Dig Ventures also participated in ...

Google reportedly planning a new AR headset for 2024

Frankly, it would be a bigger surprise at this point if Google wasn’t baking up its own AR headset. Per a new report from The Verge, the company is said to be targeting a 2024 ship date for its ...

Peloton reportedly pauses bike and treadmill production amid slowed demand

To say the last few years have been a roller coaster for Peloton barely scratches the surface. Once flying high on exploding pandemic demand, the company has been confronted with what it has deemed a “significant reduction” in its ...

2FA compromise led to $34M Crypto.com hack

Crypto.com shared new details about a recent hack on its platform last weekend in a statement on its website today, saying 483 of its users were affected and that unauthorized withdrawals of over $15 million worth of ETH, $19 ...

BNPL platform ZestMoney see 300% increase in transactions

ET BureauBuy Now, Pay Later platform ZestMoney saw a 300% increase in transactions in 2021 driven mostly by the young borrowers. A report released by the firm notes that borrowers in tier-1 and tier-2 cities borrowed to buy fashion, lifestyle, ...

A global clash over technology dominance is mounting

Greg Levesque Contributor Greg Levesque is a co-founder of Strider, which provides actionable data to help organizations protect their technology, talent and supply chains from geopolitical threats. Eric Levesque Contributor Eric Levesque is a co-founder of Strider, which provides actionable ...

Meta researchers build an AI that learns equally well from visual, written or spoken materials

Advances in the AI realm are constantly coming out, but they tend to be limited to a single domain: for instance, a cool new method for producing synthetic speech isn’t also a way to recognize expressions on human faces. ...

TechCrunch Early Stage 2022 is back LIVE in San Francisco

It’s been a long-time coming folks, but TechCrunch is finally back with our first live, in-person event since, well, the Before Times. Join us on April 14 for TechCrunch Early Stage 2022, located in our spacious San Francisco venue, ...

Weavit’s new app wants to be a ‘Shazam for your thoughts’

A new app called Weavit wants to be a “Shazam for your thoughts” — that is, it wants to offer people a different way to quickly capture their thoughts in a note-taking tool with a press of a button, which ...

On a mission to be the ‘Affirm for B2B,’ Vartana secures $57M in debt, equity

While buy now, pay later startups have largely focused on the consumer, a growing group of them are now focusing on the B2B space. The premise behind that is that after all, businesses need more flexible payment options, too. For ...

Twitter is rolling out its Communities feature to all Android users

Twitter is bringing its Communities feature to Android four months after it launched on iOS and the web. The social media giant says Android users can now engage in Communities via the Twitter app as long as they’ve updated ...

How to Foster Startup-Like Innovation in Established Companies

Startup founders expect uncertainty and failure as part of their innovation process. Leaders in established companies need to make sure that people take on risks to build the next big thing. Adding small improvements to products in a constant ...

Changes to corporate investing rules could diminish China’s resilient venture landscape

Since the Ant Group IPO was canceled by central authorities, China’s government has been on a regulatory tear. You know the broad outlines: After a lengthy period of growth, capital investment and aggressive business practices, China’s central government spent much ...

Instagram now allows creators to ‘remix’ any public videos, not just reels

Instagram announced today it will allow users to remix any video content on the app, not just short-form reels videos. The company officially launched Remix, its version of TikTok Duets, last March. The feature lets users record their reels video ...

Berlin’s Cherry Ventures launches fourth fund at $340M, for early stage tech and Web3

Berlin-based Cherry Ventures has launched its fourth fund, a €300 million ($340 million) early stage tech fund. The Cherry IV fund will also feature a dedicated crypto and web3 strategy, building off Cherry’s existing portfolio in the space.
 Cherry’s ...

Mitsubishi partners with Cartken to break into the robotic delivery world

Mitsubishi Electric, the automaker’s electronics equipment manufacturing company, is starting a pilot program to explore the value of autonomous robots. The company will be working with Cartken, the Google alum startup that came out of stealth last March, to ...

European parliament backs big limits on tracking ads

The European Parliament has definitively backed major limits on behavioral advertising during a plenary vote on amendments to the pan-EU Digital Services Act (DSA). The move looks set to crank up pressure on Big Tech business models that rely ...

Meta’s Workplace will integrate with WhatsApp later this year to expand communication with frontline employees

Workplace, the app owned and originally built by Facebook (now Meta) as a version of the social network for enterprise employees to communicate with each other, has signed up upwards of 7 million users, finding traction in particular among ...

Facebook and Instagram may help you create and sell NFTs

Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor FCC proposes stricter requirements for reporting data breaches Tesla will disable in-dash video games while its cars are in motion Meta might be the ...

CodeSee pulls in a $7M secondary seed to build out code visualization platform

CodeSee is an aptly named startup, one that is building a set of tools to help developers understand how all the parts of a code base fit together. Today, the company announced a $7 million secondary seed on top ...

Zingtree turns complex customer service processes into clear action plans

Customer service is making and breaking companies over the past two years as shopping moved online and consumers wanted more out of the traditional service companies were offering. Zingtree provides interactive contact center software that guides agents to the next ...

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