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Kapor Capital’s new crew is raising an opportunity fund

Four months after closing its largest fund to date, Kapor Capital wants more. The firm is under new leadership after co-founders Freada and Mitch Kapor stepped back from the outfit, which focuses on f

Plant-based Rebellyous is raising millions to ‘rethink the nugget’

Rebellyous, a startup that’s striving to build “a better chicken,” has raised at least $20 million in fresh funding, TechCrunch has learned. Based in Seattle, the venture-backed comp

Meta’s Reality Labs lost $13.7 billion on VR and AR last year

Elon Musk, Tesla found not liable in ‘funding secured’ tweet lawsuit

Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO’s now infamous “funding secured” tweet. After less than 90 minutes of deliberat

Daily Crunch: Apple says it earned $20.8B from 935M subscriptions last fiscal quarter

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

YouTube Music contractors strike over alleged unfair labor practices

A group of 40 YouTube Music workers went on strike Friday. Employed by Alphabet subcontractor Cognizant, the striking workers allege that both companies’ management have leveraged unfair labor p

Venture funding has started flooding back in at least one area: Secondaries

The venture secondaries market has been on the same roller-coaster ride as the broader VC market over the past few years, but it looks poised to break away in 2023. Like venture capital as a whole, th

Voyager Space raises $80M as it continues development on private space station, Starlab

Voyager Space, a company developing a private space station, has raised $80.2 million in new capital. The new funding comes as Voyager continues its development of the station, Starlab, which is no do

Twitter Circle glitches have users worried about privacy

As more Twitter features break and glitch, users are becoming increasingly concerned about the platform’s stability. We’re about three months into Elon Musk’s ownership of Twitter, a

Elon Musk says that Twitter will start sharing ad revenue with creators ‘today’

Twitter’s new owner is making moves to build in more revenue streams for creators — or at least he’s tweeting about it. Elon Musk announced Friday that the company would soon begin shari

Google tries to reassure investors on AI progress as ChatGPT breathes down its neck

Google worked to reassure investors and analysts on Thursday during its quarterly earnings call that it’s still a leader in developing AI. The company’s Q4 2022 results were highly anticipated as

Can 4 activist investors play nice in the Salesforce sandbox?

What do the investors want from Salesforce, which is hardly in full distress? Sure, the stock is down, but it raked in $8 billion last quarter. That could be why they're so interested.

Apple Pay gets the green light to launch its service in South Korea

A South Korean financial regulator said on Friday that the country had approved the Apple Pay launch to allow local credit card firms to introduce the Apple Pay service. The announcement comes nearly

TechCrunch+ roundup: SaaS pricing strategies, 2022 open source report, can Vine regrow?

Should Twitter’s developers rebuild Vine from scratch, or can they dust off the old code and turn it back on?

Tesla, Ford and GM win in EV tax credit change

A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach-E and Tesla’s five-seater Model Y, thanks to a change by

AWS says growth dropped to mid-teens to start new year as customer cost-cutting continues

Yesterday Amazon reported earnings, with AWS growing a modest 20% for the quarter over the prior year to $21 billion. But perhaps even more troubling, the company reported in the earnings call with an

More job cuts loom as Sendy changes course in Nigeria

In October last year, Sendy, a Kenyan logistics scale-up, wound up its supplies service, which enabled retailers to purchase FMCGs directly from manufacturers, saying it was directing all its focus on

GitHub CEO on why open source developers should be exempt from the EU’s AI Act

GitHub CEO Thomas Dohmke says that open source developers should be made exempt from the European Union’s (EU) proposed new artificial intelligence (AI) regulations, saying that the opportunity

NFT market shows signs of recovery as January trading volumes hit 7-month high

It appears the NFT market is slowly getting back on its feet. Trading volumes rose for two months straight, with January scoring the highest volumes since June last year, according to the Dapp Industr

Amazon ramped up content spending to $16.6B in 2022, including $7B on originals

Amazon detailed the costs of its content business during its fourth-quarter earnings on Thursday, citing that its content expenses jumped to $16.6 billion in 2022, a 28% increase from $13 billion in
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