Money didn’t bring API-ness: Ivan ponders what’s happening over at Reddit as the social media site braces for life after API changes. This follows a report that a bunch of tech giants are having to figure out how to respond to the EU’s rebooted antitrust regime. That’s a pass from us, mon frère: Natasha L points out that Meta’s Threads app is a privacy nightmare and that it won’t launch in the EU yet. My first impression? The app isn’t great, but Instagram’s network effect is formidable, and Twitter has been screwing up so monumentally since Musk’s acquisition that it may just be all it takes to put the bird app in its grave. I know, I didn’t really see it coming either, but TechCrunch compiled an all-your-questions-answered article about Threads. Twitter competitors soar after Musk makes another boneheaded move, and Paul argues that its competitors need to get their act together in order to become a true competitor.Īpropos competitors, Meta’s Twitter competitor Threads went live and quickly passed 2 million downloads in just two hours, and more than 30 million in a day. If you look beyond the Reddit dumpster fire for a fraction of a second, the rest of social media is aflame as well. Investment giant Fidelity already adjusted down its Reddit valuation a month ago, but Manish reports that it further deepened its valuation cuts for Reddit this week, after the Reddit protest plunges user engagement. If you’ve stumbled across the TechCrunch homepage in the past week, then you’ve seen our wall of coverage on the utter drama-fest that is the social media landscape at the moment. : I wrote about how sex toy company Lovense is leaning into the AI craze, using ChatGPT to whisper sweet, customizable fantasies into your ear holes.Ī run for your money: Ingrid wrote about Munich-based EGYM, which raised $225 million from Jared Kushner’s Affinity Partners to make the gym smarter and less sucky. News of the fresh rounds comes on the heels of a healthy amount of activity in health tech - Public Ventures launched a $100 million impact fund focusing on nascent life science and clean tech startups, particularly in Canada.īreak out the X-ray vision: Ingrid reports that Augmedics snaps up $82.5 million to improve the outcome of spinal surgery using AR and AI. Lightspeed Ventures made its first investment in Africa, backing Berry Health, which aims to bring judgment-free healthcare to a continent where stigma cuts deep and is affecting many. Spotify co-creator Daniel Ek’s new company raised a $65 million round of funding for his preventative healthcare startup Neko Health - all the more impressive given that this is reportedly the first external round of financing for the Stockholm-based company.
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