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Jet lag and post-COVID-tired Haje is back, with Christine to bring you great tech news in this newsletter. Plus, rumors (and the calendar) suggest it could be Friday. If this almost unverifiable rumor is true, have a great weekend. — Christine and Hager
TechCrunch Top… 4
- Friday’s Musk news dump: We’ve got a newsletter ready to go, but it usually happens late Friday, so there’s some breaking news. Again, it’s about Elon Musk.CEOs of many companies, and The apparent father of new twins Together with the executives of one of the companies, decide Terminate his deal to buy Twitter. But Twitter’s don’t really own it And said as much in its single-paragraph, two-sentence response to the news. This is a developing story, so keep an eye out for the latest news here.
- Please check: This story is so well written Kyle Details the collapse of Butler Hospitality, which raised $50 million last year. Then it ran into several challenges, culminating in the company, which essentially leased hotel kitchen space to others to operate as ghost kitchens, laying off hundreds of jobs and failing to deliver on its promises.
- Well, isn’t this a shock to the senses?: There may be many reasons why someone does not invest in electric vehicles, but TimToday’s story shows that there is not enough trust in public charging infrastructure. It’s a legitimate fear, indeed, because if there’s no reliable and fast place to plug in along the way, the 600-mile ride will end badly.
- Electric vehicle charging journey is underway: Tim’s story is about EV chargers, another headline today is JaclynElon Musk, who wrote that the White House wants to expand charging capacity, is working on the case to expand Tesla’s Supercharger network.
Startups and VCs
Coalition, a San Francisco-based startup that combines cyber insurance and proactive cybersecurity tools, is gearing up to expand outside the U.S. for the first time Following a massive $250 million Series F round This puts it at a valuation of up to $5 billion, Carly Report.
We also especially enjoyed this interview Connie In partnership with Jess Lee of Sequoia Capital, About its new Arc program, and whether it’s a Y Combinator competitor“We’re really looking for founders who want to build long-term, transformational, category-defining companies…opening new markets. We’re not excluding anyone, but it’s more about scale of ambition,” Lee shared.
Our money doesn’t wobble, it folds:
The Art of Crucial: Working closely with investors to improve your odds
For her latest TC+ post, we asked veteran investor Marjorie Radlo-Zandi to share her playbook for helping first-time entrepreneurs steer their companies through gravity.
Changing direction is a daunting task, but she breaks down the process into steps to help entrepreneurs gain investor (and employee) buy-in.
“There is no shame in the spin,” Radlo-Zandi wrote. “On the contrary, it is a symbol of strength.”
(TechCrunch+ is our membership program that helps founders and startup teams succeed. you can register here.)
big tech companies
We start by focusing on a story Taylor Made one this afternoon Congressional probe into period-tracking apps and related data. With the repeal of Roe, Some people worry about this kind of data May pose a threat to those seeking reproductive health care.
We can sum up today’s — well, technically last night’s — big tech news in three words: Twitter, cars, yachts. Not to be confused with gym, tan, laundry.
Amanda reported in Twitter takes aim at its talent acquisition team By laying off 30% of the workforce. The company declined to give specifics, so we don’t know exactly how many people there are, but it’s safe to say that Twitter’s jobs won’t be filled just yet. If that wasn’t enough Twitter trouble, Taylor Follow up with a report that recommends Elon Musk is no longer interested in buying the company.
But wait, there’s more:
- no one is at the steering wheel: Layoffs continue, this time in Argo AI, testing driverless technology For automakers like Ford and Volkswagen, Kirsten Report.
- it’s hot: SpaceX is spinning developing a more reliable internet to serve people at sea, Andrew wrote.
- can you hear me?: Lauren write Netflix’s spatial audio capabilities Roll out to all devices and make your home feel like a theater.
- roofer, we barely know her: Yes, yes, not so funny jokes.Christine only knew that one person near her put it on Tesla Solar Roofand according to Harrywhich was one of a possible 20 Tesla installed per week in the second quarter, well below the 1,000 per week originally planned.