Snap CEO Evan Spiegel wrote in an internal memo that the company will miss its revenue goals for this quarter. Snap will also slow its pace of hiring, a tactic that companies like Meta and Uber have employed as a way to cut costs. Though Snap continues to grow yearRead More →
Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion it has earmarked for a new EV plant and battery manufacturing facility in Georgia that Hyundai announced Friday. Non-affiliated suppliersRead More →
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi frens, welcome back to The Station, your weekly guide to everything going on in the world of transportation. First up, TechCrunch finallyRead More →
BUD, a nascent app taking a shot at creating a metaverse for Gen Z to play and interact with each other, has raised another round of funding in three months. The Singapore-based startup told TechCrunch that it has closed $36.8 million in a Series B round led by Sequoia CapitalRead More →
Recent product news from Stripe and Plaid indicate the two private companies are gunning for one another as the market for B2B financial technology matures, expands and individual players increasingly overlap. It might sound silly that Stripe, best known for its payments technology, and Plaid, best known for its APIRead More →
Hi all! Welcome back to Week in Review, our newsletter where we wrap up many of the top stories to hit TechCrunch over the last seven days. The big thing this week, based on what people were reading most, were the details of a memo sent from Y Combinator toRead More →
Welcome to the very first episode of The TechCrunch Podcast! Every week, the new TC podcast will dive into the biggest stories in tech, as told by the writers who penned them. We’ve been developing and iterating on the concept for many months now, so we’re thrilled to finally beRead More →
“You can often pick up significant market share in an economic downturn by just staying alive,” top startup accelerator Y Combinator wrote in an internal email to its founders this week. The advice was one of 10 bullet points in a memo meant to help its companies navigate the economicRead More →
Pear, a Palo Alto, Ca.-based venture firm that we’ve been tracking since its outset in 2012, just closed its fourth fund with $410 million in capital commitments, shows a new SEC filing. It’s a big step up from Pear’s first three funds, which closed progressively with $50 million in 2013,Read More →
The technological advances we’ve made over the last few thousand years are stunning, but the construction industry still relies on centuries-old technology. Configuring a robot to mix cement is easy, but delivering a CementTron 3000 to a job site, training employees on its use, and keeping it maintained are notRead More →