Monday, November 25, 2019

Daily Crunch - Uber faces legal battle in London

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Monday, November 25, 2019 By Anthony Ha

Happy Monday

Uber faces a legal battle in London, StubHub has a new owner and T-Mobile admits to a big data breach. Here’s your Daily Crunch for November 25, 2019.

Uber has again been denied licence renewal in London over safety risks

With Uber’s two-month license extension in London coming to an end, the company has once again been denied a full renewal by the city's transport regulator — which said that it had found a "pattern of failures" that put "passenger safety and security at risk.”

This doesn’t mean the company has to halt London operations immediately. Instead, Uber says it will appeal the decision, and it will be able to continue operating in the city during the appeals process.

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Uber has again been denied licence renewal in London over safety risks image

Image Credits: Getty Images

eBay to sell ticket marketplace StubHub to viagogo for $4.05 billion

The deal will merge StubHub’s U.S.-based marketplace with viagogo, which serves a worldwide audience as a ticket marketplace in Europe, Asia, Australia and Latin America.

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More than 1 million T-Mobile customers exposed by breach

A T-Mobile representative told us that the attack was discovered in early November and shut down "immediately." But if you're a T-Mobile customer, it may be a good idea to change your password and check up on your account details.

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More than 1 million T-Mobile customers exposed by breach image

Image Credits: Getty Images

Scribd raises $58M for subscription e-books and audiobooks

At the beginning of this year, the company — known for a Netflix-style, e-book and audiobook subscription — announced that it had more than 1 million paying subscribers. It also said it's been profitable since 2017.

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HP rejects Xerox again, but leaves door open for negotiation

In a letter released this morning, the HP board of directors summarily rejected Xerox's latest takeover offer, saying it significantly undervalues the company. At the same time, it left the door open for further negotiation.

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HP rejects Xerox again, but leaves door open for negotiation image

Image Credits: Ramin Talaie / Getty Images

Inside Prosus Ventures' $4.5 billion bet on India

TechCrunch spoke with Larry Illg and Ashutosh Sharma of Prosus Ventures (currently in the midst of a takeover attempt of British food delivery startup Just Eat) to understand how significant food tech is for the investment firm and the bets it is making in India. (Extra Crunch membership required.)

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This week's TechCrunch podcasts

This week’s Equity skips the normal news roundup for an interview Poshmark CEO Manish Chandra and investor James Currier. And over at Original Content, we review Netflix’s first music competition show “Rhythm + Flow.”

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Friday, November 22, 2019

Daily Crunch - Tesla unveils its futuristic Cybertruck

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Friday, November 22, 2019 By Anthony Ha

Happy Friday

Tesla has a crazy new vehicle, Twitter takes an important step to strengthen security and Y Combinator drops its plans for China. Here’s your Daily Crunch for November 22, 2019.

Behold, the Tesla Cybertruck is here

Elon Musk has unveiled a vehicle that looks like it was ripped straight out of a post-apocalyptic science fiction movie.

The Tesla Cybertruck is made of cold-rolled steel, armored glass (which cracked in one demonstration at yesterday’s event) and adaptive air suspension. The cheapest version — a single-motor and rear-wheel drive model — will cost $39,900.

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Behold, the Tesla Cybertruck is here image

You have the vision. We can help turn it into something real.

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Designed for working professionals, our Innovation and Entrepreneurship programs can be completed entirely online and at your own pace. Together, we can challenge assumptions and make innovation a reality. So, what are you waiting for? Make your next big move.

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Twitter will finally let you turn on two-factor authentication without giving it a phone number

After countless tales of people having their phone numbers and inbound messages hijacked by way of SIM swapping, it's clear that SMS just isn't the right solution for sending people secondary login codes. And yet for many years, it's been the mandatory go-to on Twitter — you could switch to another option later, but you had to give Twitter a phone number to turn it on in the first place.

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Y Combinator abruptly shutters YC China

Startup accelerator Y Combinator has abandoned plans to establish a branch in China. The company cites a general change in strategy, but the firm’s silence on the complexity and controversy of working with China right now suggests there's more at play.

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Y Combinator abruptly shutters YC China image

Hyundai and Seoul set to test self-driving cars on city roads starting next month

Seoul will provide smart infrastructure to communicate with the vehicles, including connected traffic signals, and will also relay traffic and other info as frequently as every 0.1 seconds to the Hyundai vehicles.

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Alphabet's X details a garbage-sorting bot that's part of its plan to make robots an everyday thing

X — formerly Google X — focuses exclusively on ambitious "moonshots," a.k.a. tech you’d expect to find in science fiction (a recurring theme in today’s newsletter), not a real product in development. For example: A robot that can sort through office trash.

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Alphabet's X details a garbage-sorting bot that's part of its plan to make robots an everyday thing image

OutVoice officially launches its freelancer payment tools

The startup, which allows editors to pay freelance writers and photographers with the push of a button, has also raised seed funding from content monetization startup Coil.

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Morgan Stanley's 'Teflon banker' talks direct listings and much more

Michael Grimes, a banker for 32 years — 25 of them with Morgan Stanley — has played a role in the IPOs of Salesforce, LinkedIn, Workday and hundreds of other companies. In an interview, Grimes told us why he supports direct listings. (Extra Crunch membership required.)

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Thursday, November 21, 2019

Daily Crunch - PayPal acquires Honey

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Thursday, November 21, 2019 By Anthony Ha

Happy Thursday

PayPal makes its biggest acquisition ever, Alphabet’s internet balloon company signs a major commercial deal and Apple expands its Everyone Can Code program. Here’s your Daily Crunch for November 21, 2019.

PayPal to acquire shopping and rewards platform Honey for $4B

Currently, Honey's 17 million monthly active users take advantage of its suite of money-saving tools to track prices, get alerts, make lists, browse offers and participate in a rewards program called Honey Gold.

The acquisition, which is PayPal's largest to date, will give the payments giant a foothold earlier in the customer's shopping journey. Instead of only competing on the checkout page against credit cards or Apple Pay, for example, PayPal will leap ahead to become a part of the deal discovery process, as well.

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PayPal to acquire shopping and rewards platform Honey for $4B image

Accelerate the ML lifecycle with MLOps

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AI has proven extremely tough for organizations to scale. MLOps can change that by integrating into DevOps processes, helping accelerate the end-to-end marching learning process.

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Alphabet's Loon signs deal with Telefonica to provide internet to remote parts of the Amazon

Loon is Alphabet’s high-altitude balloon company that is using its stratospheric technology to provide internet connectivity on Earth. This is Loon’s third commercial contract, including one with Telkom Kenya which is also awaiting final regulatory sign-off, and an arrangement with Canadian company Telecast to develop a coordination system for a future planned low-Earth orbit satellite constellation.

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Apple expands and updates its 'Everyone Can Code' program

The company says it has redesigned the "Everyone Can Code" curriculum with a focus on introducing coding to more elementary and middle school students, while also adding more resources for teachers, a new student guide and refreshed Swift Coding Club materials.

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Apple expands and updates its 'Everyone Can Code' program image

G Suite users get more AI writing help, Google Assistant calendar integration and more

Unlike other grammar tools, Google's version utilizes a neural network approach to detect potential grammar issues in your text — similar to the techniques used for building effective machine translation models. The company is also bringing to Docs the same autocorrect feature it already uses in Gmail.

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Announcing TechCrunch Early Stage, a new event series all about founders

Our TC Early Stage events will be smaller (and more affordable) than Disrupt, with a focus on giving early-stage founders the information they need to be successful. The first will be in San Francisco on April 28, followed by one in Paris on October 28 and another in New York City (date TBA, but hey, we’re coming back to NYC!).

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Announcing TechCrunch Early Stage, a new event series all about founders image

Sonos acquires voice assistant startup Snips, potentially to build out on-device voice control

Snips, which had been developing dedicated smart device assistants that can operate locally (instead of relying on consistently round-tripping voice data to the cloud) could help Sonos set up a voice control option for its customers that has better privacy and is focused more narrowly on music control.

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Reimagine inside sales to ramp up B2B customer acquisition

User-first products are driving rapid company growth in an era where individuals discover, adopt and share software they like throughout their organizations. This is great if you're a Slack, Shopify or Dropbox — but what if your company doesn't fit that profile? (Extra Crunch membership required.)

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