Helbiz’s Wheels acquisition fails to impress investors

Helbiz’s deal to buy Wheels has officially gone through, and with it some promises from the shared micromobility operator to its investors that the tie up will double its annual revenue and help it reach profitability. Helbiz is hardly the only shared micromobility operator battling to achieve profitability. It’s a situation that most companies in … Read more

Microsoft says more than 20 million people have used Xbox Cloud Gaming

Illustration by Alex Castro / The Verge More than 20 million people have streamed games using Xbox Cloud Gaming, Microsoft CEO Satya Nadella said Tuesday during the company’s first-quarter fiscal 2023 earnings call. That’s double the 10 million figure Microsoft shared earlier this year, just before Epic Games and Microsoft partnered up to bring Fortnite … Read more

Daily Crunch: After glitch causes a two-hour global outage, WhatsApp restores service

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. Overheard at a VC/startup conference recently: Product market fit is like a product going around from weirdly shaped customer group to weirdly shaped customer group, like that old kid’s book “Are you … Read more