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Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs

Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in

Former Oath CEO Tim Armstrong is exiting Verizon with a payout worth more than $60 million

Tim Armstrong will leave Verizon Communications with an awards and benefits package worth more than $60 million. The Wall Street Journal calculated the total amount based on a securities filing from l

Doctolib is now a unicorn with new $170 million round

French startup Doctolib has raised a new round of funding of $170 million (€150 million). The round is led by General Atlantic, with existing investors Accel, Eurazeo, Kernel and Bpifrance also part

Here are the 88 companies that launched at YC’s W19 Demo Day 2

Today was the second half of Y Combinator’s two-day Demo Day for its Winter 2019 class. Over 85 startups pitched on stage yesterday, and another huge batch launched today. Previously held at the

These ad execs have a venture fund they’d like to sell you

Mike Duda comes from the world of advertising. In fact, he spent 13 years at the renowned ad agency Deutsch, becoming the youngest partner in the company’s history until another creative, Brent Vart

Launching from YC, Eclipse Foods casts a long shadow over the $336 billion dairy industry

Eclipse Foods may be the company that finally takes milk out of the dairy business. Ever since the acquisition of WhiteWave Foods by the French dairy giant Danone for over $10 billion investors have b

Waymo is gearing up to put a lot more self-driving cars on the road

Waymo is opening another technical service center in the Phoenix area, an expansion that will allow the autonomous-vehicle technology startup to double its capacity in the area as it prepares to grow

Media fragmentation is annoying consumers

Deloitte’s Technology, Media and Telecommunications division published its 13th-annual Digital Media Trends survey, focused on identifying changes in the ways US consumers engage with various ty

Netflix is experimenting with different episode orders for ‘Love, Death & Robots’

You probably know that Netflix is big on data and personalization — it tailors the shows and movies recommended to each user, and even tests different images to promote those titles. Now it’s

Salesforce finally embedding Quip into platform, starting with Sales and Service Cloud

When Salesforce bought Quip in 2016 for $750 million, it was fair to wonder what it planned to do with it. While company founder Bret Taylor has moved up the ladder to chief product officer, Quip rema

The 9 biggest questions about Google’s Stadia game streaming service

Google's Stadia is an impressive piece of engineering to be sure: Delivering high definition, high framerate, low latency video to devices like tablets and phones is an accomplishment in itself. But t

Kickstarter CEO Perry Chen steps down

Kickstarter CEO Perry Chen issued an open letter on the site’s blog today, noting that he will be stepping down from his role. The executive served as one of three co-founders for the service, launc

Camera maker Insta360 raises $30M as it eyes 2020 IPO

Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors, including Everest Venture Capital, MG Holdings and Huajin Capi

Quantum-safe communication over the internet infrastructure? Yeah, that’s doable

We're close to the deployment of a commercial quantum computing system. We need a security scheme that will protect data exchanged between quantum computers on the existing internet infrastructure.

Alcohol e-commerce startup Thirstie raises $7M

Thirstie announced today that it has raised $7 million in Series A funding, and that it’s partnering with Drinkworks to power the e-commerce experience for the cocktail-making machine created by

The top 10 startups from Y Combinator W19 Demo Day 1

Electric-vehicle chargers, heads-up displays for soldiers and the Costco of weed were some of our favorites from prestigious startup accelerator Y Combinator’s Winter 2019 Demo Day 1. If you wan

Why convertible notes are safer than SAFEs

As the saying goes, where you stand on an issue often rests on where you sit. Translated into startup law and finance, your views on how to approach fundraising are often heavily influenced by where y

Apply to be a TC Top Pick at Disrupt San Francisco 2019

Savvy early-stage startup founders are making plans to attend our flagship event, Disrupt San Francisco 2019, on October 2-4 at Moscone North. It’s three jam-packed days of connection, inspiration a

Cities are getting more serious about micromobility data

Gone are the days when cities and tech startups are constantly at odds with each other. Passport, a mobility management startup, has partnered with Charlotte, N.C., Detroit, Mich. and Omaha, Neb. to c

Here’s how you’ll access Google’s Stadia cloud gaming service

Google isn’t launching a gaming console. The company is launching a service instead: Stadia. You’ll be able to run a game on a server and stream the video feed to your device. You won’t need to
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