Samsung Electronics released Thursday its preliminary earnings for the first quarter of 2022. The company said it forecasts to report consolidated revenue of $63.1 billion (77 trillion KRW) and an operating profit of about $11.6 billion (14.1 trillion KRW) for the quarter ended March. Those numbers are up from the first quarter of 2021, which generated sales of…
In the latest spark from its fast evolving tech ecosystem, Spain’s scale-ups are banding together to lobby lawmakers and press the economic case for their high-tech, high-growth business model more broadly. The new lobby group, called EsTech (aka ‘Es’ for España), had its official launch last week — when it unveiled nine founding company members…
Meta announced today that it won’t be holding its F8 developer conference in 2022. In a blog post, the company said it’s “pausing” the conference this year while it focuses on new initiatives, such as the metaverse. “Similar to years past, we are taking a brief break in programming and will not hold F8 in…
Mid-Day Squares has had an interesting journey to where it is today, including an idea founded in a kitchen, a declined acquisition from a chocolate giant and a music video rebuttal. The Canada-based company was founded by Nick Saltarelli, his wife, Lezlie Karls and her brother, Jake Karls in 2018 after coming from different careers…
To many people, e-commerce is synonymous with shopping on Amazon, but the reality is that a retailer has the option to use a bundle of different channels to sell and market products, and many do. Today, a startup called Productsup, which has built a platform that helps retailers navigate that landscape, is announcing $70 million…
Keeping churn rates low while building a customer base More posts by this contributor Demand Curve: How Ahrefs’ homepage educates prospects to purchase Demand Curve: How Customer.io’s homepage converts readers into customers “Skio helps brands on Shopify sell subscriptions without ripping their hair out,” explained Skio’s founder, Kennan Davison, when we sat down with him…
In the height of the pandemic, grocery delivery behemoth Instacart dealt with “tip-baiting” or a gross tactic in which customers baited shoppers with a big tip, and then reduced said tip to zero after they received groceries. Instacart then alleged that less than 0.5% of orders have tips removed post-delivery, but then introduced a series…
Streaming media platform Plex is expanding on its mission to serve as a one-stop-shop for media and entertainment with the launch of new features designed to help users discover content to watch across their streaming services and the ability to save titles to a universal watchlist. The company believes the additions will make Plex more…
There’s coming hard out of the gates with a new company, and then there’s Sweep. The company was founded in 2020, then raised a $22 million Series A round a few months ago, following by a $73 million Series B round announced today. The company swept in with a platform for carbon emissions management. It…
Latch CFO Garth Mitchell is leaving the company less than a year after he assumed the role and led the company’s public market debut through a special purpose acquisition vehicle, or SPAC, an accidental e-mail obtained by TechCrunch shows. The executive shakeup is still not showcased on the news portion of Latch’s website, but the…
