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Europe gives final sign off to rebooted ecommerce rules

European Union lawmakers have given final approval to an online safety-focused overhaul of the bloc’s ecommerce rules — the first major update to the legal framework for digital services s

Nigerian proptech Spleet gets $2.6M led by MaC VC to scale its property management products

For the average individual living in Lagos — Nigeria’s most populous city, with over 20 million people — apartment hunting is an extreme sport. Not only is rent expensive — low- to

App Store experienced sharp revenue drop in September, Morgan Stanley says

Apple’s App Store suffered a 5% year-on-year dip in net revenue in September according to a note from Morgan Stanley analyst Erik Woodring. This is the biggest drop in App Store revenue since th

VLC-developer VideoLAN sends legal notice to Indian ministries over ban

VideoLAN, the developer and operator of popular media player VLC, has filed a legal notice to India’s IT and Telecom ministries, alleging that the Indian bodies failed to notify the software develop

Egyptian venture capital firm Algebra Ventures hits first close of second fund at $100M

Last April, Egyptian and MENA-focused venture capital firm Algebra Ventures announced the launch of its $90 million second fund. It was the sequel to its first: a $54 million fund invested in 21 start

GIC backs Indian EV startup Euler Motors in $60 million funding

Euler Motors, an Indian startup that designs and builds commercial electric vehicles, has raised $60 million in a new funding round as it works to ramp up its production capacity and broaden its offer

Activision Blizzard illegally withheld raises from unionizing workers, labor board finds

Gaming giant Activision Blizzard unlawfully retaliated against workers at Raven Software who formed a union, the National Labor Relations Board found. The quality assurance (QA) department at subsidia

Drowning in trash: Google opens applications for circular-economy accelerator

Google is spinning up a new, online-only startup accelerator centered around the elusive circular economy. The effort is Google’s latest to help environmentally focused startups grow while pote

Bessemer backs SaaS platform that automates billing workflows

Zenskar, a startup that is aiming to help SaaS companies automate their billing workflows, has raised $3.5 million in a seed funding round. Headquartered in New York and Bengaluru, Zenskar is building

Elon Musk steps in it — “F#ck off is my very diplomatic reply to you”

Elon Musk today waded into the Ukraine-Russia war with a peace plan that was … not very well received. It may have been a tactic to distract industry watchers from Tesla’s third-quarter vehicl

UK pauses data reform bill to rethink how to replace GDPR

The UK government has confirmed another pause to draft digital legislation under new prime minister Liz Truss’ reshuffled cabinet — saying the data reform bill it had introduced in recent

Naver agrees to acquire fashion marketplace Poshmark for $1.2B

Naver, the South Korean search giant, today announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly traded Poshmark’s shares at $

John Curtius is leaving Tiger Global to start his own venture fund

John Curtius, the prolific Tiger Global senior partner who has been at the center of some of the firm’s biggest deals in the last several years, is leaving the firm, TechCrunch has learned. He w

Daily Crunch: Vice Society hackers post 500GB of data stolen from LA school district to dark web

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Max Q: Hubble hubble, toil and trouble

In this issue: How the Space Coast braced for the storm; Humans: 1, Asteroids: 0; News from Astra, Firehawk Aerospace and more

Prosus cancels $4.7 billion acquisition of India’s BillDesk

Prosus has scrapped the $4.7 billion acquisition of BillDesk it announced last year, once stated to be the European technology giant’s largest, saying “certain conditions” were unful

The Supreme Court takes on Section 230

Section 230 of the Communications Act, which prevents online platforms from being liable for the content posted by their users, will be evaluated by the Supreme Court in the coming season. It’s

Twitter expands access to its experimental Status feature…but not to its paid subscribers

Twitter’s throwback feature, Twitter Status, is today expanding its list of potential status updates to choose from, in a continuation of tests that began this July. The feature, which is someth

Rivian made 7,363 of its EV pickups and SUVs in Q3

Electric vehicle maker Rivian announced its Q3 production and delivery numbers on Monday, revealing it made 7,363 of its R1T pickup truck and R1S SUV during the three-month period that ended on Septem

Spotify releases a new exclusive podcast hosted by Kim Kardashian

Today, Spotify released the first two episodes of the new original podcast “Kim Kardashian’s The System: The Case of Kevin Keith,” narrated by reality TV star Kim K and true-crime producer Lori
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