Daily Crunch - Facebook acquires a neural monitoring startup

TechCrunch Newsletter

Tuesday, September 24, 2019 • By laura.safran

Welcome to the new Daily Crunch You may have noticed that we’re using a new format for our newsletters. Hopefully, it will be a little easier for you to read, while also allowing us to make more tweaks and improvements in the future. Anyway, enough housekeeping! Here’s your Daily Crunch for September 24, 2019.

Facebook buys startup building neural monitoring armband Facebook has talked a lot about working on a non-invasive brain input device that can make things like text entry possible just by thinking. So far, most of the company's progress on that project appears to be taking the form of university research, but with this acquisition (which we’ve confirmed was worth between $500 million and $1 billion), Facebook appears to be moving closer to turning this idea into a commercial product. Read more

Would you take a pay cut to work remotely? 25% of workers say YES Sponsored by Owl Labs 66% of U.S. workers say they work remotely some of the time. New data from Owl Labs reveals that remote work isn't the future; it's already here. Read the full report to learn how the Work From Anywhere Movement is catching fire. Read more

Messaging app Kik shuts down as company focuses on Kin, its cryptocurrency The company's team will be reduced to 19 people, a reduction that will affect over 100 employees, as it focuses on converting more Kin users into buyers. Kin still faces a lawsuit from the SEC, claiming the company’s ICO was illegal. Read more

Europe's top court rules that 'right to be forgotten' only applies in Europe Google and other search engines started implementing the right to be forgotten in 2014, allowing European citizens to ask search engines to delist results with sensitive personal information. Now the Court of Justice of the European Union has ruled that Google doesn't have to de-reference those results on a global scale. Read more

Samsung Galaxy Fold, take two This week, the Fold finally debuts on North American store shelves, about five months later than initially planned. Read more

ClimateTech is the new hot space for investors in a warming planet Whereas CleanTech has traditionally been known in the field of energy generation, such as solar, battery and hydro, ClimateTech could perhaps be defined as data-driven products aimed at addressing the risk and exposure to the effects of climate change. (Extra Crunch membership required.) Read more

Honestbee owes almost $1 million in unpaid salary to employees, according to affidavit filed by its CEO Honestbee, the Singapore-based grocery delivery startup that has been struggling with financial issues, owes 217 employees a total of almost USD $1 million in unpaid salary. Read more

Hear about investing in African tech at Disrupt SF with Marième Diop, Wale Ayeni and Sheel Mohnot We’ll be hosting a Q&A session with Orange Digital Ventures' Marième Diop, International Finance Organization's Wale Ayeni and 500 Startups' Sheel Mohnot, three Africa-based investors who bring plenty of experience screening startups across its top tech hubs. Read more

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