In August, Reddit raked in a hefty $410 million financing led by Fidelity, valuing it at $10 billion. It had plans to close out the round, a Series F, at $700 million at the time. The company’s
As crypto investors widely know, China has declared all cryptocurrency transactions illegal and outlawed crypto mining activities. Lately, a court decision further reasserted the government’s at
After months of NFT mania and Facebook’s recent name change to Meta, it’s fair to say that “metaverse” chatter has reached a fever pitch. And while crypto investors are buying
Bessemer's Tess Hatch, Sequoia's Shaun Maguire and Hemisphere Ventures' Lisa Rich shared their thoughts on the active year that just passed and on what's coming next.
I’m going to hand it to Hyundai. The company is building some weird robotics, and I’m mostly here for it. In addition to the more straightforward car-building fare you’d expect, the auto giant h
South Korean startup Kakao Entertainment announced today it has acquired Wuxiaworld, an Asia fantasy fiction platform, via its serialized fiction app subsidiary Radish to bolster the mobile storyte
Electric vehicle startup Canoo is ending its deal with Dutch automotive manufacturing company VDL Nedcar to serve as its contract manufacturer in Europe, according to a Securities and Exchange Commiss
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
The Federal Trade Commission appears to be preparing to consider a rule aimed at digital platforms that either invasively track their users or allow others to do so. The “Trade Regulation Rule o
What if instead of watching your favorite TikTok star stream on Twitch, you could watch them play video games live on TikTok? For the last few days, according to the platform, TikTok has been testing
The trend that is instant grocery delivery — online ordering of essentials with your purchases being delivered to you in under an hour — continues to proliferate across multiple markets, a
UBQ Materials, which claims it has developed a plastic-like material made from 100% unsorted household waste, has raised a $170 million funding round led by TPG Rise, TPG’s global impact investing p
This year, we’ve seen plenty of evidence that NFTs can shake up the economics of selling visual art, but there’s been less activity when it comes to web3 upending the economics of differen
Investment from VC and PE into climate tech is booming, reaching $87.5 bilion over H2 2020 and H1 2021, with in excess of $60 billion in the first half of 2021 alone, according to a new report from PW
Meta is expanding its bug bounty program to reward researchers who report data scraping. The change will allow researchers to report both bugs that could enable scraping activity.
Stanford’s made a lot of progress over the years with its gecko-inspired robotic hand. In May, a version of the “gecko gripper” even found its way onto the International Space Station to test it
Online grocery platform Instacart is expanding its Electronic Benefits Transfer and Supplemental Nutrition Assistance Program (EBT SNAP) payments integration. The company launched EBT SNAP payments in
Here's another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.
As part of its recently announced 2022 lineup, Volvo subsidiary Polestar introduced a new single-motor variant of its Polestar 2 electric sedan. If you were waiting on an EPA estimate before reservin
Katie Haun, who co-leads Andreessen Horowitz’s $2.2 billion crypto fund, is splitting off from the firm and taking a number of colleagues with her — including operating partner Rachael Hor
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