Tech
Helbiz sees losses in mobility revenue, slight gains in streaming
Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. However, Helbiz’s burgeoning sports streaming service did realize some small gains. The micromobility SPAC reported its Q3 earnings Monday, the same day as its only public market competitor, Bird. Neither company is performing well operationally … Read more
.io Domains Considered Harmful
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Silkhaus gets $7.75M to digitize short-term rentals across emerging markets
Silkhaus, a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the MENA region. Venture capital firms that participated in the round include Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq. … Read more
Maurice Sendak’s ageless imagination
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‘Be’ is nice, end of story
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Buying ads on Twitter is ‘high-risk’ according to the world’s biggest ad agency
Illustration by Alex Castro / The Verge Twitter may be in big trouble when it comes to generating advertising revenue: GroupM, part of WPP, the world’s biggest ad company — and Twitter’s biggest spender — is reportedly telling its clients that buying ads on the platform is “high-risk,” according to Platformer and Digiday. That makes … Read more
Elon Musk ignored Twitter’s internal warnings about his paid verification scheme
Laura Normand / The Verge Employees and advertisers keep telling him about the risks of the changes he’s making to Twitter — but he’s not listening Continue reading…
How the War Was Won
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Nike is still trying to make NFTs happen with .Swoosh
Image: Nike Nike’s still planning to get in on the non-fungible token (NFT) game, even though the NFT market is plummeting and the third-largest cryptocurrency exchange by volume went bankrupt last week. The company’s launching what it calls .Swoosh, a Web3 platform that will eventually let users buy, sell, and trade virtual shoes and apparel. … Read more
Dow Beer Deaths (1966) [video]
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Twenty questions is a weird game
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Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to the beginning of another week. As mentioned last Friday, Haje is off scuba diving, leaving the rest of us to pick up the Twitter and FTX pieces. No … Read more
Max Q: Join us!
Hello and welcome back to Max Q. Before we get to the news, I have a pretty exciting announcement myself: We’re offering to Max Q subscribers free tickets to TechCrunch’s in-person space event. Find out more about the event and get your free ticket by clicking here. In this issue: Layoffs come to Astra News … Read more
J. Edgar Hoover, Public Enemy No. 1
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The tech industry’s moment of reckoning: layoffs and hiring freezes
Companies have been cutting costs. Over the past few months, the economy has started to turn, and tech workers are being hit hard. Meta, Twitter, and more have fired thousands, and others are slowing or freezing hiring. Continue reading…
Bird may not have enough funds to continue shared micromobility business
Just hours after Bird said it had overstated revenue for more than two years by recognizing unpaid customer rides, Bird dropped a growing concern warning. In a regulatory filing, the company said it might “need to scale back or discontinue certain or all of its operations in order to reduce costs or seek bankruptcy protection.” … Read more
California updates proposal on solar incentives that reduces costs but pays less
A solar panel installation by Californian solar company Sunrun. | Photo by Mel Melcon / Los Angeles Times via Getty Images The California Public Utilities Commission’s (CPUC) new solar energy proposal removes a previously proposed monthly grid tax that could’ve added hundreds of dollars per year to the cost of solar installations (via Reuters). The … Read more
Chess, but moves are simultaneous
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