Amid calls for a dozen different global cities to replace Silicon Valley — Austin, Beijing, London, New York — nobody has yet nominated “nowhere.” But it’s now a possibility. There are two trends to unpack here. The first is startups that are fully, or almost fully, remote, with employees distributed around the world. There’s a…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Sure, we just aired a new episode, but things keep happening, and after talking about this crop of IPOs for so long, we can’t help ourselves. (You can follow us on Twitter, here and here, by the way,…
Restaurant sales hit $825 billion last year in the US, but with margins averaging at only three to five percent per business, they’re always looking for an edge on efficiency and just generally running things in a smarter way. Now, a startup called Toast, which has built a popular platform for restaurant management, has closed…
It’s official. Today, Apple cancelled its perennially delayed wireless charging product, AirPower. In a statement, Cupertino blamed issues meeting its own quality standards. Here’s what Dan Riccio, Apple’s senior vice president of Hardware Engineering, said in a statement emailed to TechCrunch: “After much effort, we’ve concluded AirPower will not achieve our high standards and we…
EXCLUSIVE — While revealing details of a massive supply chain cyber attack against ASUS customers, Russian security firm Kaspersky last week didn’t release the full list all MAC addresses that hackers hardcoded into their malware to surgically target a specific pool of users. Instead, Kaspersky released a dedicated offline tool and launched an online web…
The past couple of years have marked some steep ups and downs for Huawei. Just this morning, the company posted a 25 percent raise in profit to $8.84 billion in 2018. Yesterday, on the other hand, a UK oversight body issued a report noting “serious and systematic defects.” While it’s true that on-going security concerns…
Alibaba has made an acquisition as it continues to square up to the opportunity in enterprise services in China and beyond, akin to what its US counterpart Amazon has done with AWS. TechCrunch has confirmed that the e-commerce and cloud services giant has acquired Teambition, a Microsoft- and Tencent-backed platform for coworkers to plan and collaborate…
A year ago, Apple acquired the digital newsstand app Texture to form the basis of its new subscription-based service, Apple News+, which launched on Monday. As some have expected, the standalone Texture app will soon shut down as a result. According to emails sent to current Texture subscribers pointing to a FAQ on the company’s…
Ride-hailing startup Lyft may bear the distinction bearing highest net loss of any maiden public company ever going public, but despite that, it made its debut in a high gear this morning in. Trading as LYFT on Nasdaq, the company’s shares opened at nearly noon today at $87.24, a pop of 21 percent on the $72/share…
Alphabet’s urban planning subsidiary announced today the launch of CommonSpaces. The new app was created to give park operators and community members a place to enter and organize observations about parks and other publics spaces. Interested parties can create a web portal for a space. The organizer defines the parameters of a study, outlining what…
