October 2020

The cloud infrastructure market kept growing at a brisk pace last quarter, as the pandemic continued to push more companies to the cloud with offices shut down in much of…

Cloud infrastructure revenue grows 33% this quarter to almost $33B

Coronavirus cases in the United States are reaching new peaks. E-commerce is continuing to boom. And b8ta, a San Francisco startup that is betting on the future of physical retailers,…

B8ta remains bullish on IRL shopping with new acquisition

Featured Article

Is the Great 2020 Tech Rally slowing?

Yesterday’s earnings deluge made plain that tech shares are not rocketing higher as 2020 comes to a close. Indeed, in pre-market trading this morning, Microsoft, Apple, Facebook and Amazon are all down. Alphabet is the only member of the Big Five that is worth more today than yesterday. Strong advertising and cloud results helped the…

8:02 am PDT • October 30, 2020
Is the Great 2020 Tech Rally slowing?

Mobile news organization NowThis is announcing a bit of counter-programming for next week’s presidential election — it’s partnering with meditation app Calm to create a live stream for anyone who…

NowThis partners with Calm to offer a soothing Election Day live stream

China was the first major global smartphone market to rebound from the early days of the COVID-19 pandemic. Stringent lockdown measures were able to help the country recover from the…

Smartphone shipments dip in China for Q3, led by Huawei decline

Here’s an example of ad targeting that’s actually good for public health: In a campaign encouraging people to wear masks, the Illinois state government has been focusing its digital ad…

Illinois is taking a data-driven approach to its mask-wearing ad campaign

The U.K.’s ICO has reduced the size of a data breach penalty for hotel business Marriott — dropping it to £14.4 million (~$23.8 million) in a final penalty notice, down…

UK watchdog reduces Marriott data breach fine to $23.8M, down from $123M

Global fitness giant Under Armour announced this morning that it will be selling MyFitnessPal to investment firm Francisco Partners for $345 million, five and a half years after acquiring it…

Under Armour to sell MyFitnessPal for $345 million, after acquiring it in 2015 for $475 million

AOL founder Steve Case was there in Dulles, Virginia, just outside of Washington, D.C., when in 1996 the Communications Decency Act was passed as part of a major overhaul of…

AOL founder Steve Case, involved early in Section 230, says it’s time to change it

Amazon expects to incur $4 billion in COVID-related costs next quarter, an estimate that provides a bellwether for other businesses, large and small, trying to stay operational and control expenses…

Amazon pegs COVID-19 costs at an estimated $4 billion next quarter

WhatsApp, the popular instant messaging app owned by Facebook, is now delivering roughly 100 billion messages a day, the company’s chief executive Mark Zuckerberg said at the quarterly earnings call…

WhatsApp is now delivering roughly 100 billion messages a day

What does a hologram-obsessed entrepreneur do for a second act after setting up a virtual Ronald Reagan in the Reagan Memorial Library, or beaming Jimmy Kimmel all the way from…

PORTL Hologram raises $3M to put a hologram machine in every home

Tesla has made good on founder and CEO Elon Musk’s promise to boost the price of its “Full Self-Driving” (FSD) software upgrade option, increasing it to $10,000 following the start…

Tesla has increased the price of its ‘Full Self-Driving’ option to $10,000

Polestar, the electric vehicle brand that was spun out of Volvo Car Group, has issued another recall for its newest electric vehicle. The company is voluntarily recalling nearly 4,600 vehicles…

Polestar recalls its newest EV for the second time this month

Corsair Gaming today announced that it has acquired EpocCam, the software developer behind the iOS software of the same name. It’s easy to see why the gaming company would be…

Corsair acquires EpocCam, a webcam app for iPhone

Google releases its latest earnings report, Spotify is getting ready to raise prices and Excel gets friendlier to custom data types. This is your Daily Crunch for October 29, 2020.…

Daily Crunch: Google had a good quarter

PUBG Mobile, the sleeper hit mobile game, will terminate all service and access for users in India on October 30, two months after New Delhi banned the game in the…

PUBG Mobile to terminate access for users in India on October 30 following ban order

Apple is launching its Apple One services bundle tomorrow, though the company’s workout service Fitness+ isn’t quite ready yet. On an earnings call today, CEO Tim Cook revealed tomorrow’s rollout…

Apple One services subscription bundles start launching tomorrow

Time for another Netflix price hike! About a year and a half after the last price increase, Netflix is bumping up the cost for most of its monthly plans in…

Netflix is raising prices on most of its plans in the US

Twitter continued to see its total traffic rise in the third quarter, thanks to that trifecta of returning sports, the presidential campaign and the COVID-19 pandemic. But there wasn’t nearly…

Twitter revenue rises 14%, but user growth fails to impress

Facebook reported its Q3 earnings today, including revenues of $21.5 billion, and net income of $7.8 billion. The company earned $2.71 in per-share profit during the three-month period. Analysts had…

Ad revenues and e-commerce boom boost Facebook earnings but US users down from COVID surge

On Thursday, Apple delivered a Q4 earnings beat but the stock slid anyway as wary investors saw worse than expected iPhone revenues. At the time of writing, stock was down…

Why Apple’s Q4 earnings look different this year

Amazon has continued to reap the rewards of a society increasingly dependent on ecommerce — a trend further fueled by the COVID-19 pandemic. The company crushed analyst expectations Thursday, reporting…

Amazon crushes Q3 expectations even without Prime Day bump

Comcast’s latest earnings report includes some official user numbers for Peacock, the new streaming service from Comcast-owned NBCUniversal. Specifically, Comcast says that Peacock has received nearly 22 million sign-ups since…

Comcast says Peacock has nearly 22M sign-ups

Today after the bell, Alphabet announced its Q3 performance. The Google parent company generated revenues of $46.2 billion and per-share profit of $16.40 off the back of net income of…

Strong YouTube ad growth powers Alphabet to better-than-expected Q3

Google is testing a new feature that could improve discovery for Android apps on Google Play. The company confirmed it’s experimenting with a “Compare Apps” option that would allow Google…

Google tests a helpful app comparison feature on Google Play

In 2019, only one Black woman was named partner in venture capital, according to All Raise, a nonprofit focused on accelerating female founders and investors. The data has shown, shows,…

Precursor Ventures promotes Sydney Thomas, its first hire, to principal

There’s an AR ghost on Google Search. There’s a dancing skeleton, set of creepy jack-o’-lanterns, and costumed cats and dogs, too. Ahead of Halloween weekend in the U.S., Google has…

Google brings Halloween to life using augmented reality

The COVID-19 pandemic has already dramatically reshaped how Americans shop, with e-commerce expected to grow 20% in 2020 as a greater proportion of users shift from in-store to online. Due…

In the ‘buy now, pay later’ wars, PayPal is primed for dominance

Y Combinator-backed employment platform 70 Million Jobs is launching a new social network geared toward helping formerly incarcerated individuals connect with each other. While 70 Million Jobs focuses on helping…

Commissary Club wants to help formerly incarcerated people find community