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Today is Friday the 13th and I hope nothing bad happened to you today. At least the weekend is here! At the very least, you can keep up with the latest Terraform Labs news – Binance suspends trading of Luna and UST – There’s some left Great podcasts from your favorite TechCrunchers. and make sure to secure your “seat” on June 1 TechCrunch Live Event in Columbus. meet on Monday! – Christine
TechCrunch Top 3
- If Elon doesn’t buy Twitter, at least Snoop Dogg is ready to pounce: Early this morning, Elon Musk tweeted that his proposed acquisition of Twitter was on hold while he was calculating the percentage of fake accounts using the social media channel.While he also tweeted that he remains “committed to acquisitions,” I’m glad to see Snoop Dogg Tweets If Musk doesn’t, he might give it a try. In fact, his plan was not bad.
- Dine out at Dineout: In some online food ordering M&A news, Swiggy said it was acquiring Dineout, the Indian equivalent of OpenTable.This brings Swiggy straight into the dining out industry, which has been dominated by Zomato for quite some time in the country, with its market cap down to about $5 billion. It also represents further consolidation within a huge market trying to understand its pandemic push.
- more layoffs: Natasha and Amanda are It’s been busy last week Catching up with countless tech layoffs, unfortunately there is another roster today that includes Section4, Carvana, and Latch. Even Meta is not immune.
Startups and VCs
- Hook: That’s it Better.com CEO Vishal Garg says it will provide SoftBank with a $750 million loan. Personally responsible for the loan through Garg and he is responsible for any losses. However, the company could also be affected, as any losses could require him to sell his substantial stake in Better.com, which could negatively affect the stock. Either way, it’s still a mess.
- Dress You Up With Indie Brands: China Body404 bets the West will embrace the next generation of clothing designers Who wants to give them something more than just cheaper runway knockoffs. The company has paid off after raising $50 million in March and is now valued at $50 million. It’s also worth noting that customers aren’t returning returns—Body404’s return rate is about 2%, well below the fashion industry average of 10%.
- intoxicated with business: Frank Reig, who was at the helm of Revel, Company building fast-charging hubs for electric vehiclescaught up Rebecca Discuss the company’s transition from shared mopeds and the journey Revel has come to drive EV adoption.
- Watch and get paid: Our attention is valuable and often pulled in different directions. WeAre8 wants to reward you Do what DVRs have made us skip for years – watch commercials. The company is led by advertising guru Sue Fennessy, whose goal is to steer advertising dollars away from social media giants like Facebook and use it for good causes.
Pitch Deck Teardown: Dutch’s $20M Series A Deck
The CEO and founder of virtual veterinary care platform Dutch, Joe Spector initially set out to raise $15 million in Series A funding, but his pitch platform deftly combines visuals of cute pets with market research and traction metrics to eventually Completed a $20 million financing.
With flair, Dutch’s deck tells a compelling story of how the company used its seed funding to launch a service, build a brand, build a team, and expand from 12 states to 32 in three months State, Haje Jan Kamps writes deck dismantling in the weekly Pitch.
If you’re working on a promo and need inspiration, start here: All 17 slides are available to TC+ members.
(TechCrunch+ is our membership program that helps founders and startup teams succeed. you can register here.)
big tech companies
OK, OK, OK Your Peloton: Yes, folks, Peloton is trying to end tough week This is a positive by adding another paddle to the competitive rowing machine market. This caught my eye after selling my Peloton bike in 2019 as I discovered a love for boating. Wish the price tag was a little more friendly to my budget than the bike.
Zoom celebrates Customer Service Day: The video communications giant is acquiring conversational artificial intelligence company Solvvy in an effort to provide a customer service experience in Zoom’s toolset. Shares of the company rose on the news, so Zoom’s choice seemed sensible.
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