Daily Crunch - Trump tweets approvingly as rioters storm US Capitol

TechCrunch Newsletter

Wednesday, January 06, 2021 • By Anthony Ha

A pro-Trump mob stormed the U.S. Capitol while the president encouraged them on Twitter and … well, it feels extremely hard to care about anything else right now. That said, there was a whole other news cycle before then, and I know you read The Daily Crunch for tech headlines. So I’ll do my best to carry on and squeeze everything in. This is your Daily Crunch for January 6, 2021.

The big story: Trump tweets approvingly as rioters storm US Capitol As you almost certainly know already, a pro-Trump mob entered the U.S. Capitol today, forcing the Senate and House to flee as they were in the process of debating and certifying Joe Biden’s election as president. These Trump supporters were chanting slogans like “stop the steal,” which grew out of online conspiracy theories that have spread on social media. At least one gunshot victim has been reported, and an explosive device was also detonated safely outside the Republican National Committee. Meanwhile, President Trump continued to tweet his unfounded and unsubstantiated claims of election fraud and even posted a video telling the rioters, “Go home, we love you.” Twitter has posted warnings but there are calls for the platform to go further. Read more Image Credits: Bill Clark / Contributor / Getty Images

Top 10 UI design trends that will make your product stand out in 2021 Sponsored by The Qt Company Behind every Wow-effect and happy customer is a great user interface. The guys at Qt, the development platform behind many award-winning UIs, share how to make user experiences memorable in 2021. Read more

The tech giants Facebook redesigns Pages with a more simplified layout and no 'Like' button — The redesign includes a new look-and-feel, updated navigation, the introduction of a dedicated News Feed and a new Q&A format. Twitter acqui-hires creative agency Ueno to help design new products — Twitter is essentially buying an agency with which it already had a close working relationship. TikTok rolls out its first lidar-powered AR effect — The effect features an AR ball, similar to the one that drops in Times Square on New Year's Eve. Image Credits: David Paul Morris/Bloomberg / Getty Images

Startups, funding and venture capital Perfect Corp., developer of virtual beauty app YouCam Makeup, closes $50M Series C led by Goldman Sachs — The YouCam Makeup app lets users "try on" virtual samples from more than 300 global brands. Plant-centered prepared food delivery startup Thistle raises $10.3M — The company delivers plant-based full menus for its customers, along with a range of juices and sides. Teamflow lands $3.9M for a productive virtual HQ platform — Teamflow, formerly Huddle, is creating a virtual headquarters to help distributed teams collaborate and communicate from a singular platform. Image Credits: Perfect Corp

Advice and analysis from Extra Crunch Why VC funding is falling out of favor with top D2C brands — In 2020, venture capitalists unceremoniously broke up with D2C brands and product-based businesses. Revenue-based financing: The next step for private equity and early-stage investment — The financial structures used by VCs haven't evolved much since they first emerged in 1957. Extra Crunch Live is back in 2021, connecting founders with tech giants and each other — Somehow, we did 44 episodes of the show in 2020. (Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.) Image Credits: Artur Debat / Getty Images

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Daily Crunch - NYSE won't delist Chinese telcos

TechCrunch Newsletter

Tuesday, January 05, 2021 • By Anthony Ha

The New York Stock Exchange reverses course, Nintendo acquires a game studio and an Indian electronics and lifestyle startup raises $100 million. This is your Daily Crunch for January 5, 2021.

The big story: NYSE won't delist Chinese telcos The New York Stock Exchange is reversing a recent decision to delist China’s three major telecom operators — China Mobile, China Unicom and China Telecom — which was supposed to be part of a Trump administration policy to block investment in companies that supply and support China’s military. The exchange said the reversal is taking place "in light of further consultation with relevant regulatory authorities,” and that shares will be traded while NYSE officials evaluate how the executive order applies. If the delisting does occur, it would be largely symbolic, since only a small percentage of the telecoms’ total shares are traded in New York. Read more Image Credits: Spencer Platt / Getty Images

Report: Taking An Agile Approach to Transforming Business Processes Sponsored by Conga Some changes we want to make. Others we really need to make to remain agile and competitive. In this research brief from Harvard Business Review Analytic Services, learn how streamlined business processes help companies react with agility. Read more

The tech giants Nintendo buys Canadian game studio in rare acquisition — Nintendo is acquiring Canada-based Next Level Games, which developed Luigi's Mansion 3. Jack Ma's absence from public eye sparks Twitter discussions — The world's attention is on Jack Ma's whereabouts after reports noted the billionaire founder of Alibaba and Ant Group had been absent from public view since late October.

Startups, funding and venture capital P&G terminates plan to acquire razor startup Billie following FTC lawsuit — In December, the FTC sued to block P&G's acquisition of Billie. Indian electronics and lifestyle brand Boat raises $100M from Warburg Pincus — The round gives Boat a post-money valuation of about $300 million. Divvy raises $165M as the spend management space stays red-hot — Divvy's market (corporate cards and software that help firms manage and limit expenses) is incredibly active. Image Credits: Billie

Advice and analysis from Extra Crunch Affirm targets up to $38 per share in IPO, pushing its valuation above $9B — The new S-1 follows a late-December filing of a similar nature. 8 investors discuss social gaming's biggest opportunities — Investors expressed excitement around the widening entertainment ambitions of social platforms. How Segment redesigned its core systems to solve an existential scaling crisis — Segment was just beginning to take off in 2015 when it ran into a scaling problem. (Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)

Everything else FBI, NSA say ongoing hacks at US federal agencies 'likely Russian in origin' — The U.S. government says hackers "likely Russian in origin" are responsible for breaching the networks of at least 10 federal agencies and several major tech companies. C by GE gets rebranded under new ownership, expands beyond lighting — Back in May, General Electric sold off its more than 100-year-old GE Lighting division to smart home company Savant. Image Credits: Bronte Wittpenn/Bloomberg / Getty Images

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Daily Crunch - Hundreds of Google and Alphabet employees unionize

TechCrunch Newsletter

Monday, January 04, 2021 • By Anthony Ha

Google employees take another step in their activism, Venmo adds a check-cashing feature and Slack has some issues. This is your Daily Crunch for January 4, 2021.

The big story: Hundreds of Google and Alphabet employees unionize More than 200 employees at Google and its parent company Alphabet have announced that they have formed the Alphabet Workers Union. Obviously, that’s only a tiny fraction of Alphabet’s workforce of more than 130,000 employees. But according to The New York Times, the group is a “minority union” designed to give more structure to employee activism, rather than one that negotiates for a contract. And it will also be open to contractors. "This is historic—the first union at a major tech company by and for all tech workers," said Google software engineer Dylan Baker in a statement. "We will elect representatives, we will make decisions democratically, we will pay dues, and we will hire skilled organizers to ensure all workers at Google know they can work with us if they actually want to see their company reflect their values." Read more Image Credits: Michael Short/Bloomberg via Getty Images / Getty Images

What Does AI Mean to You? Sponsored by World Wide Technology & NVIDIA Artificial intelligence has the potential to transform – and revolutionize – every aspect of business as we know it. But, this promise is only as real as an organization's ability to put it to work. Learn how you can fully realize AI today. Read more

The tech giants It's not just you, Slack is struggling this morning — Precisely when the downtime began is not clear, though problems amongst the TechCrunch staff began a little after 10 a.m. Eastern time. Venmo adds a check-cashing feature, waives fees for stimulus checks — The feature can be used to cash printed, payroll and U.S. government checks, including the new stimulus checks. Samsung's next Unpacked event is January 14 — This one’s called “Welcome to the Everyday Epic." Image Credits: TechCrunch

Startups, funding and venture capital Color raises $167M funding at $1.5B valuation to expand 'last mile' of US health infrastructure — Color's 2020 was a record year for the company. Lidar startup Aeva raises another $200M ahead of its debut as a public company — Aeva is one of a handful of lidar companies to eschew the traditional IPO path and go public via a SPAC merger. India's CRED raises $81M, buys back shares worth $1.2M from employees — CRED has nearly doubled its customer base to about 5.9 million in the past year, or about 20% of the credit card holder base in India. Image Credits: Color

Advice and analysis from Extra Crunch How artificial intelligence will be used in 2021 — Scale AI CEO Alexandr Wang forecasts the biggest emerging use cases. 2020 was a record year for Israel's security startup ecosystem — A look back at notable funding trends, rounds and exits. Five questions about 2021's startup market — Each question relates to a 2020 change that is expected to persist. (Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.) Image Credits: Bloomberg / Getty Images

Everything else Astronaut Anne McClain on designing and piloting the next generation of spacecraft — McClain is one of the astronauts who will be taking part in the Artemis missions. Mixtape podcast: Behind the curtain of diversity theater — Most TechCrunch readers have probably heard of diversity reports, but you may not know what’s going on behind the scenes. Original Content podcast: 'Wonder Woman 1984' might be a beautiful mess, or maybe just a mess — And yet one of my co-hosts actually preferred the sequel to the original. Image Credits: NASA/Bill Ingalls

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