Архив метки: President Trump

Daily Crunch: Roku buys Quibi’s content library

Quibi’s content will live on, Hyundai may partner with Apple and Donald Trump returns to Twitter. This is your Daily Crunch for January 8, 2021.
The big story: Roku buys Quibi’s content library
If you’re wondering what will happen to Quibi shows like “Most Dangerous Game” and “Chrissy Court,” wonder no longer: They’re going to Roku.

The streaming TV platform announced today that it has acquired the global rights to Quibi’s content library, which it plans to bring to The Roku Channel, free and ad-supported, some this year. This includes “more than a dozen” shows that never got a chance to stream on Quibi before the app shut down.
“The most creative and imaginative minds in Hollywood created groundbreaking content for Quibi that exceeded our expectations,” said Quibi founder Jeffrey Katzenberg in a statement. “We are thrilled that these stories, from the surreal to the sublime, have found a new home on The Roku Channel.”
The tech giants
Shares of Hyundai Motor Co. climb more than 20% on potential EV deal with Apple — Hyundai said discussions are still in the “early stage.”
Google’s plan to replace tracking cookies goes under UK antitrust probe — U.K.’s Competition and Markets Authority said it’s investigating “suspected breaches of competition law by Google.”
Trump returns to Twitter with what sounds like a concession speech — President Trump only had to wait 12 hours before returning to his social network of choice.
Startups, funding and venture capital
Jobandtalent tops up with $108M for its ‘workforce as a service’ platform — The startup operates a dual-sided platform that connects temp workers with employers.
Detroit’s Ludlow Ventures goes for fund four — The Detroit-based seed-stage firm is in the process of closing its fourth fund of $65 million.
Jumbotail raises $14.2M for its wholesale marketplace in India — Jumbotail said it serves more than 30,000 neighborhood stores, popularly known in India as kiranas.
Advice and analysis from Extra Crunch
VCs discuss gaming’s biggest infrastructure investment opportunities in 2021 — Investors highlighted numerous areas for new opportunity, including specialized engines, next-gen content creation platforms and tools to port desktop experiences to mobile.
What is up with Tesla’s value? — And a bunch of other stocks, for that matter.
The Roblox Gambit — So it turns out that Roblox is worth $29.5 billion.
(Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)
Everything else
Stolen computers are the least of the government’s security worries — The SolarWinds breach is likely to be a bigger cybersecurity threat than any computers stolen during the pro-Trump riot on Wednesday.
Five reforms necessary to create a truly cashless society — Convenience shouldn’t come at the cost of other aspects of commerce.
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

Daily Crunch: Roku buys Quibi’s content library

Daily Crunch: Telegram prepares to monetize

Telegram will introduce ads, TikTok’s parent company is moving into drug discovery and President Trump continues his battle against Section 230. This is your Daily Crunch for December 23, 2020.
The big story: Telegram prepares to monetize
Telegram founder Pavel Durov said the messaging app will introduce advertising next year on public one-to-many channels. Durov wrote on his Telegram channel the ad platform will be “one that is user-friendly, respects privacy and allows us to cover the costs of server and traffic.”

He also pointed to premium stickers as another way that Telegram could monetize, while emphasizing that existing features will remain free and that he does not support showing ads in private chats.
In addition to discussing the company’s monetization plans, Durov said that Telegram is “approaching” 500 million users.
The tech giants
Nikola’s stock crashes after announcing cancelation of contract with Republic Services for 2,500 garbage trucks — This is the latest deal to unravel for Nikola as it tries to patch up following recent devastating reports.
TikTok parent ByteDance hiring for AI drug discovery team — “We are looking for candidates to join our team and conduct cutting-edge research in drug discovery and manufacturing powered by AI algorithms,” the company said in a job posting.
Startups, funding and venture capital
Chinese autonomous driving startup WeRide bags $200M in funding — The new funding will see WeRide joining hands with Yutong, a 57-year-old company, to make autonomous-driving minibuses and city buses.
Voyager Space Holdings to acquire majority stake in commercial space leader Nanoracks — Nanoracks provided the Bishop Airlock that was installed on the International Space Station.
Honk introduces a real-time, ephemeral messaging app aimed at Gen Z — Instead of sending texts off into the void and hoping for a response, friends on Honk communicate via messages that are shown live as you type.
Advice and analysis from Extra Crunch
Dear Sophie: What’s ahead for US immigration in 2021? — Sophie Alcorn weighs in on what’s next for U.S. visas and green cards.
Looking ahead after 2020’s epic M&A spree — This year, four deals involving chip companies totaled over $100 billion on their own.
Heading into 2021: Venture fundraising, liquidity and the everything bubble — Alex Wilhelm’s final column of the year.
(Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)
Everything else
Trump vetoes major defense bill, citing Section 230 — President Trump has vetoed the $740 million National Defense Authorization Act, a major bill that allocates military funds each year.
XRP cryptocurrency crashes following announcement of SEC suit against Ripple — The XRP token’s value has declined more than 42% in the past 24 hours.
TaskRabbit is resetting customer passwords after finding ‘suspicious activity’ on its network — The company later confirmed the activity was a credential stuffing attack, where existing sets of exposed or breached usernames and passwords are matched against different websites to access accounts.
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

Daily Crunch: Telegram prepares to monetize