U.S. President Donald Trump has handed Huawei a lifeline after he said that U.S. companies are permitted to sell goods to the embattled Chinese tech firm following more than a month of uncertainty. It’s been a pretty dismal past month for Huawei since the American government added it and 70 of its affiliates to an…
Independent restaurant owners may be doomed, and perhaps grocery stores, too. Such is the conclusion of a growing chorus of observers who’ve been closely watching a new and powerful trend gain strength: that of cloud kitchens, or fully equipped shared spaces for restaurant owners, most of them quick-serve operations. While viewed peripherally as an interesting…
Elizabeth Holmes, the founder of the now-defunct biotech unicorn Theranos, will face trial in federal court next summer with penalties of up to 20 years in prison and millions of dollars in fines. Jury selection will begin July 28, 2020, according to U.S. District Judge Edward J. Davila, who announced the trial will commence in…
The Amazon-backed startup is growing slow and getting customers that Uber and Ola don’t have Miles away from the fancy parts of Gurgaon, where a cohort of Uber and Ola cars race all day to dot the surrounding, hundreds of people are working on a different solution to contribute to India’s push for improved mobility.…
Fintech has been one of the bigger stories of the UK startup world — due in no small part to the fact that its capital, London, is also one of the world’s major financial centers. Today, one of those startups made a big splash by buying an incumbent business, and taking on an equity investment…
Spotify seems to have learned little from the Facebook developer platform’s scandals despite getting a huge boost from the social network in its early days. Spotify has been caught allowing record labels to grab tons of unnecessary user data and permissions to even control their accounts just so people can “pre-save” upcoming song releases. An…
There’s seemingly no end in sight for DoorDash’s compensation model where it subsidizes driver wages with customer tips. The mildly bright side, however, is that DoorDash is now providing more transparency after each completed delivery, DoorDash CEO Tony Xu wrote in a blog post today. “With our current pay model, Dashers see a guaranteed minimum — including…
It’s NEWSLETTER TIME get pumped! I know I am – it’s my first Daily Crunch in over a year. That’s right, your friendly neighborhood Anthony Ha is otherwise occupied today so I’m back to deliver this baby to you, devoted readers. And there’s news: Plenty o’ News. 1. Reddit puts r/The_Donald in a corner Reddit…
Pavegen, a UK startup which harvests energy from people’s footsteps and also tracks that data, has raised £2.6m on its crowdfunding push having doubled its initial £950k target. The campaign secured funds from over 1,400 investors, including partnership and anchor investment from major global engineering conglomerate Hinduja Group and family investment firm Tamar Capital. The…
India may have plans to follow France’s footsteps in building a chat app and requiring government employees to use it for official communications. The New Delhi government is said to be pondering about the need to have homegrown email and chat apps, local news outlet Economic Times reported on Thursday. The rationale behind the move…
