The Latest

Most startups were overvalued before 2021, and now it’s causing problems

In a normalizing market like this one, once-inflated valuations can become a big problem, particularly for founders, employees and early investors.

Spotify partners with Netflix to curate a personalized ‘Stranger Things’ playlist for fans

Which song will save you from Vecna? In partnership with Netflix, Spotify has launched a personalized “Stranger Things” playlist dedicated to Season 4 Volume 2, which premieres this Friday, July 1

China’s new Mars images show off the country’s robust (but secretive) space program

With a $24 billion budget and dozens of active, high-profile missions, it’s not surprising that NASA is the most visible of the dozens of government space agencies in the world. But China’

FDA won’t require lengthy clinical trials for COVID-19 boosters

Future COVID-19 vaccine boosters won’t have to go through a traditional, lengthy clinical trial process to attain emergency use authorization in the U.S., according to a report in Reuters. An ag

TechCrunch+ roundup: SaaS success stats, leveraging ad tech chaos, 2022 layoff trends

I remember the dread I felt as a startup worker during downturns when I read about mass layoffs at tech firms that had previously been considered ascendant.

OpenSea’s $13B valuation doesn’t make sense as NFT trading volumes plunge

The web3 faithful will note that the NFT market goes up and down, and as it is down today, it will go up again. That may be true, and it may even be correct soon. Today, however, it is not true.

Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase ‘down round’

In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6.5 billion – about 7x of what the company was

Supreme Court’s EPA ruling all but ensures the US won’t be competitive with China or Europe

The United States still has a shot at turning things around, but it's a long one.

US publisher Macmillan confirms cyberattack forced systems offline

Macmillan, one of the largest book publishers in the U.S., said it has been hit by a cyberattack that forced it to shut down its IT systems.  Macmillan spokesperson Erin Coffey told TechCrunch that t

Bring your team to TechCrunch Disrupt and save big with our flash sale

Whether you’re enjoying a long holiday weekend with friends and family or crushing hard to build your startup, take a few minutes to score two-for-one passes to TechCrunch Disrupt in San Francisco o

Steve Jobs to receive posthumous Medal of Freedom

The Biden administration announced today that Steve Jobs is receiving the Presidential Medal of Freedom posthumously. Steve Jobs died on October 5, 2011, from complications following a relapse of panc

AI-powered photo stock startup Wirestock lands partnership with Getty Images

As a stock photographer, taking great photos is often only just a tiny part of the job. To run a successful business, keywording, categorizing, captioning, and all the other admin that goes with it ca

Spotify is testing in-app podcast creation tools

Spotify is testing new tools that will allow you to record, edit and publish podcasts directly from the company’s main app. The company introduced this feature in New Zealand last month. This wi

Recurring revenue growth is the key to overcoming economic headwinds

Capchase concluded that "best-in-class" SaaS startups are still growing and that unit economics are reliable predictors of future success.

Short video app Triller confidentially files to go public

TikTok rival Triller has confidentially submitted to the U.S. Securities and Exchange Commission paperwork for an initial public offering of its Class A common stock. The announcement comes as the com

Hydra aims to be the open cloud data warehouse alternative to Snowflake

Hydra, a member of the Y Combinator winter 2022 class, has a broad ambition. It is building an open source cloud data warehouse and hopes to eventually compete with Snowflake. The data warehouse conce

Amazon agrees to drop Prime cancellation ‘dark patterns’ in Europe

Amazon has agreed to simplify the process required for cancelling its Prime membership subscription service across its sites in the European Union, both on desktop and mobile interfaces, following a s

When do layoffs matter? Trick question — always

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was a live week on the podcast, meaning that Mary Ann and

TechCrunch podcasts this week: Crypto cults, 2022 term sheets and how to win Startup Battlefield

TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help y

US CFTC charges South African company over $1.7 billion bitcoin Ponzi scheme

The U.S. commodities regulator, Commodity Futures Trading Commission (CFTC), has filed civil charges against a South African company and its CEO for running a fraudulent commodity pool worth more than
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