Wednesday, April 12, 2023

Twitter CEO admits he purchased platform for $44B because ‘I kind of had to’

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Wednesday, April 12, 2023

Good morning, you glorious souls. Have you stretched today? As you're settling in for the newsletter and the top stories from TechCrunch for today, can you grab yourself a glass of water? We care about you, and we want you to be happy!

Know any extraordinary early-stage founders? Refer them to Startup Battlefield 200 at Disrupt, and make Neesha very happy in the process. Neesha is rad, and deserves to be happy, so get to referrin' already!

—  Christine and Haje

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Image Credits: Bryce Durbin / TechCrunch

The TechCrunch Top 3

Startups and VC

The early days of the pandemic proved to be a massive boon for the home fitness crowd. Gyms closed indefinitely, and even when they began reopening, many members seriously questioned whether the model would continue to suit their life moving forward. One of the companies that saw early gains and then a lot of turbulence was Tonal. Brian reports that the company just picked up $130 million worth of fresh funding and minted a new CEO.

"Upon further review, it has come to our attention that the way the process was described [in the TechCrunch article] could potentially be seen as bank fraud. As a result, our process partner has terminated our relationship," a spokesperson for Smoakland said in an email to Haje. Whoops.

Moar? U want moar? Cool, we have moar:

Ask Sophie: How many employment green cards are available each year?

Dear Sophie,

I'm trying to figure out how long I have to wait for a green card.

I have two questions for you: How many employment green cards in each category are available every year? How do I make sense of the Visa Bulletin?

— Standing By in San Jose

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

Read More

Ask Sophie: How many employment green cards are available each year? image

Image Credits: Bryce Durbin/TechCrunch

Big Tech Inc.

Are we alone in assuming all of you have at least two LinkedIn notifications to connect from someone who hasn't figured out how to add a photo to their profile? Or they could be shielding their identity for other reasons, of course. Either way, you probably want to keep it strictly business on LinkedIn. Well, Aisha writes that LinkedIn rolled out a free feature to verify your identity and employment so that you can tell if it is the actual person. Now, whether or not you want to provide a government ID and phone number to a social media site is your call.

Meanwhile, Kyle tells you all about Databricks' new open source model that has a super-cute name, but also some flaws.

And we have five more for you:

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

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Tuesday, April 11, 2023

YouTube sets $249 starting price for NFL Sunday Ticket subscriptions 

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

By Christine Hall and Haje Jan Kamps

Tuesday, April 11, 2023

Happy Tuesday Crunch!

Did you know TechCrunch's weekly event series has a podcast? Aptly called The TechCrunch Live Podcast, these shows are condensed versions of the weekly event minus the video. Of course, if you prefer to watch the show, it's available on YouTube. Because we believe in your power to choose!

Christine and Haje

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Image Credits: Getty Images

The TechCrunch Top 3

  • The biggest ticket in streaming: If you're a football fan, we know where you'll be on Sunday night. YouTube started presales of its NFL Sunday Ticket subscription, which will set you back $249, Ivan writes.
  • It's nice when an idea comes together: You use Venmo and your friend uses PayPal. In the past, we might have said you weren't compatible, but not today. Paul reports that Visa has partnered with peer-to-peer payment offerings, including PayPal and Venmo, to make digital payments interoperable so no one has to change providers.
  • Crystal clear: Fintech startup Clear Street, a company building "modern infrastructure" for capital markets, snagged $270 million at a $2 billion valuation. This is the company's second round of funding in a year, and before that it was bootstrapped by its co-founders. Mary Ann has more.

Startups and VC

When DBeaver creator Serge Rider began building an open source database admin tool in 2013, he probably had no idea that 10 years later, it would boast more than 8 million users. The open source product proved so popular that he launched a company to support it in 2017 and began building a commercial product for users with enterprise requirements. Ron has more.

There are many ways for startups to get ahead. It just turns out that not all of them are quite, er, legal. The U.S. Federal Trade Commission has approved a final consent order in its first-ever enforcement action over a case involving "review hijacking," or when a marketer steals consumer reviews of another product to boost the sales of its own. In this case, the FTC has ordered supplements retailer the Bountiful Company, the maker of Nature's Bounty vitamins and other brands, to pay $600,000 for deceiving customers on Amazon, Sarah reports.

And we have another handful for you, in which horizontal buildings just don't get the love they deserve. If only they would (high-)rise to the occasion.

RevOps unleashed: 4 tips that help teams filter out the noise and focus on the big picture

No single person could manage a B2B SaaS sales operation today, which is probably why head of revenue operations is No. 1 on LinkedIn’s 2023 Jobs on the Rise list.

To claw back time from mundane tasks so RevOps teams can tackle “the larger, meatier projects,” Rattle COO Apoorva Verma wrote a TC+ article with recommended tactics for training sales reps, finding places to automate, and ideas for codifying “every single one of your business-critical processes.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

Read More

RevOps unleashed: 4 tips that help teams filter out the noise and focus on the big picture image

Image Credits: MirageC / Getty Images

Big Tech Inc.

Don't you hate when you're shopping and have to go over to another app to make the final purchase? WhatsApp heard you loud and clear. Users in Brazil can now pay merchants through the app, which means they can now have an end-to-end experience in the app, reports Ivan.

Now over to Google. The company has some big news regarding its Google TV, which expanded its free streaming lineup to include over 800 live TV channels, Sarah reports. If your favorite channels include Tubi, Plex, Haystack and others, you're in luck.

Today you get a reward for good behavior. Six — count 'em six — more for you:

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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