Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country even as its crown jewel streamer Hotstar struggles to contain subscribers loss. Hotstar lost 2.8 million subscribers in the quarter ending September, widening its overall loss to about 23 million in a…
Swedish fintech Klarna confirmed that it is taking steps “towards an eventual IPO.” The company has initiated a process for a legal entity restructuring to set up a holding company in the United Kingdom “as an important early step” in its plans for an initial public offering, a Klarna spokesperson told TechCrunch+. The move comes…
GM self-driving car subsidiary Cruise issued a recall for 950 vehicles equipped with its autonomous vehicle software following a crash that left a pedestrian, who had initially been hit by a human-driven car, stuck under and then dragged by one of the company’s robotaxis. The company said in a blog post and it the recall…
Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped up FreshDirect, an online grocery delivery service based out of New York. Terms of the deal are not being disclosed, but for…
Zelda fans already got a stellar new game with “Tears of the Kingdom” this year, but Nintendo just dropped another exciting nugget of news: the gaming giant is working on a live-action movie based on the Legend of Zelda franchise. Shigeru Miyamoto, creator of the 37-year-old franchise, announced the news this evening. “I have been…
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including raising its annual production guidance from 52,000 to 54,000 vehicles. The EV maker reported Tuesday after markets closed revenue of $1.33 billion, a figure driven…
WhatsApp’s cat-and-mouse game with ads continues. While the company is not planning to show ads in the main inbox, it could still show ads in Status — the app’s Stories-like feature — and channels. In an interview with Brazilian media, WhatsApp’s head, Will Cathcart said that the company is not planning to show any ads…
It’s always interesting when a new VC firm with a fresh team of partners emerge. And with Yellow, it’s interesting in multiple ways. Founded by Oscar Pierre and Sacha Michaud, the founders of Glovo, as well as Adam Lasri, a former investor for VC giant Atomico, Yellow is a new €30 million pre-seed fund that…
Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a remarkable collapse for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock and Goldman Sachs. The New York-based firm, which raised over $22 billion and was valued at $47 billion at its peak, has listed both assets and liabilities in…
A prominent choreographer’s lawsuit against Fortnite maker Epic Games is back on after the 9th Circuit U.S. Court of Appeals overturned a lower court’s decision to throw the case out last year. Kyle Hanagami sued Epic last year, accusing the company of stealing his choreography for one of Fortnite’s in-game emote. Hanagami has crafted hit…
