Thursday, July 6, 2023

Tangle: You can't delete a Threads account without canceling the linked Instagram account

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By Christine Hall

Thursday, July 06, 2023

The big stories today surrounded Meta's Twitter competitor Threads, which went live yesterday. If you haven't been paying attention, we’ve tried to anticipate your questions. Here's what we learned about the new offering:

In other news, Samsung's next Galaxy Unpacked event is on July 26. Find out what's likely to be unveiled.

And if you like dirty talk, Lovense's new sex toy is using ChatGPT and will whisper sweet nothings to you. Select a topic and find out what erotica awaits.

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Image Credits: Sinan Saglam/EyeEm

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Meanwhile, it looks like giant funds are back for a bit: Notion closed on €300 million in capital commitments for its fifth fund to invest in business software, but the firm is not into the generative AI hype. On the other end is new fund Public Ventures, which announced its intention to raise $100 million toward investments in early-stage life science and clean tech startups in Canada.

Two clouds make a right: DigitalOcean, a cloud computing company, is shelling out $111 million in cash to acquire cloud computing startup Paperspace.

Speaking of giant funds: Japanese robotics startup Telexistence found itself on the other end of venture capital firms raising big funds when SoftBank led its $170 million funding round.

Frontline workers deserve love, too: Thrive Capital doubles down on Clair with $25 million in new funding for the fintech helping frontline workers get paid instantly.

MOVEit moved it for more companies: More organizations have confirmed they are part of the MOVEit-related breaches as hackers claim to publish stolen data.

We touched on Threads so much today: But with so many Twitter-like options out there now, my colleagues focused on Mastodon and Bluesky as ones that are top of mind for people leaving Twitter, and explain why they need to be better:

For your streaming pleasure: Spotify is removing the App Store payment option for legacy subscribers, YouTube is experimenting with a new lock screen feature for Premium users, and TikTok has a new music streaming service in Brazil and Indonesia called TikTok Music.

In today's talk of all things that go: Austin dwellers will now be able to see Volkswagen testing its self-driving ID Buzz vans. Over in India, the sale of electric two-wheeler sales hit a speed bump. And Fiat is full of surprises for its cute EV.

To the moon: The Indian Space Research Organisation plans to launch its Chandrayaan-3 moon lander next week, four years after a previous mission failed.

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Should you move to a new state for tax savings before selling your startup?

Once an acquisition is in the works, it's natural for founders in high-tax states to start thinking about safeguarding their newfound wealth.

"On a $30 million exit, a founder could save approximately $4.3 million by moving from California to Florida or approximately $4.4 million by moving from New York City to Florida," writes Peyton Carr, managing director of Keystone Global Partners.

"That's a lot of incentive to pull up the stakes and head to Miami," but unless you follow state-level guidelines about where you spend time and generate income, "your move is likely to trigger an audit."

Five more from TC+:

15 investors lift the lid on the biggest surprises of H1 2023

Europe is more of a fuzzy tech cloud than a functioning ecosystem

Is political unrest taking a toll on Israeli startups?

Ask Sophie: What do I need to know about getting a J-1 exchange visa?

Crypto funding drops for fifth straight quarter as investors continue to pull back

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Wednesday, July 5, 2023

Twitter quietly reverses new policy that forced users to log in to read tweets

TechCrunch Newsletter
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The Daily Crunch logo

By Christine Hall

Wednesday, July 05, 2023

Today, Twitter's new login requirement for viewing tweets came in like a lion and apparently went out like a lamb. Yes, it's July not March, but you can't help but picture Twitter executives quietly crossing that idea off their list and trying to forget it ever happened. Also, if you use TweetDeck, you'll want to take note of this new policy.

Meanwhile, French accounting startup Dougs took its first funding after bootstrapping for the past eight years. Find out why it took the VC plunge.

Going back to that Twitter item for a moment, while we don't know what is on Elon Musk's mind until he tweets it, it's probably no coincidence that the social media giant walked back that login requirement a day after news of Meta’s Threads app came out. Threads is Instagram's Twitter competitor, dropping tomorrow, and already gives you built-in follow and follower bases from your IG account. And you can read posts without an account. However, there are already rumblings that the Threads app won't have ActivityPub support at launch and the app is already a bit of a privacy nightmare. So much so that it won’t launch in the EU yet.

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Image Credits: DigitalVision Vectors / Getty Images

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That's going to be an awkward ask: PharmEasy, once valued at $5 billion, is reportedly going after new funding at a 90% valuation cut.

I want to scan you all over: Neko Health, a company co-founded by Spotify co-creator Daniel Ek, raised $65 million in its first round of external funding to develop preventative healthcare measures via full-body scans.

Hey, you, get into my car: China's WeRide secured a self-driving vehicle license from the UAE.

Turning a corner: Cornerstone VC hires Ella Wales Bonner as first female partner.

More transparent: NYC's anti-bias law for hiring algorithms goes into effect.

Let's get physical: Munich-based EGYM pumps up its smart fitness connected device with $225 million from Jared Kushner's Affinity Partners.

Back to the drawing board?: U.K. security researchers are the latest to blast the region's Online Safety Bill as an encryption risk.

The chain is still broken: CADDi grabs $89 million in new funding to scale its B2B supply chain marketplace for manufacturing parts.

Up, up and away: Jeff Bezos' space company Blue Origin wants to take its operations internationally and beyond.

Ludicrous speed . . . go!: The White House was sent to the courtroom this week where a judge ruled it couldn't talk to social media companies in certain ways.

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Image Credits: Nasir Kachroo / NurPhoto

Deep tech in Latin America and the Caribbean is set to skyrocket

According to a study issued by Inter-American Development Bank, deep tech founders considering starting up in Latin America and the Caribbean (LAC) have a lot to look forward to.

“The report concludes that there is room for a twentyfold increase in VC investment into LAC deep tech startups over the next decade,” writes Anna Heim in TC+

Two more from TC+:

Yes, investors will sign an NDA, but only in this specific circumstance

What's it like being a Black founder in France?

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.

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Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there's something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code DC. Learn more.

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