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Daily Crunch: Meta backs SMB e-commerce app launched by former Facebook engineering manager

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

Max Q: Testing, testing

In this issue: Northrop Grumman and Firefly Aerospace want to make the Antares rocket all-American; how Muon Space is locking in customers; news from SpaceX, OneWeb and more

Bird burns $310M but sees revenue bounce back

Shared micromobility company Bird has had a tumultuous second quarter. The company announced plans to dismantle its retail business, shut down operations in unprofitable markets, had a corporate shake

DoorDash partners with Meta to test delivery of Facebook Marketplace items

DoorDash has confirmed that it has teamed up with Facebook Marketplace to make that awkward exchange of items with a stranger a bit easier. The company said DoorDash Drive, its business-to-business se

YouTube may launch a channel store for streaming services, report says

YouTube may be looking to launch an online channel store for streaming services through the YouTube app, positioning itself in direct competition with Amazon, Roku, and Apple, three tech giants that e

Walmart+, the retailer’s Prime competitor, will add Paramount+ access as a new perk

Walmart is partnering with Paramount Global to offer its streaming service, Paramount+, to members of Walmart’s own free shipping program and Amazon Prime rival, Walmart+. The deal was first con

Serena Williams’ next act in venture capital is essential in this moment

When Serena Williams steps from away tennis, she’ll be walking into an arena as white as the one she just left.

Layoffs hit HBO Max as 70 employees lose their jobs

The rumored layoffs are coming true: Warner Bros. Discovery, the newly merged parent company to HBO, is cutting personnel costs. Fourteen percent of staff under HBO and HBO Max chief content officer C

Bumble experiments with group chats, polls and video calls for its new social networking feature, ‘Hive’

Dating app maker Bumble revealed more of its plans to strengthen its social networking features during last week’s Q2 earnings, which saw the company’s shares slump over its lowered finan

The phishing catch of the day is Twillio (and other TC news)

This week on the TechCrunch Podcast Natasha Mascarenhas is back to talk about VC-backed aperitif company Haus being forced to sell. Then we’re joined by Carly page to talk about a recent phishing ca

Signal says 1,900 users’ phone numbers exposed by Twilio breach

End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week. Tw

5 things you may have missed in Disney’s latest earnings

Disney is arguably doing a few things faster or better than Netflix. But the House of Mouse is also bracing for changes that will affect the entire streaming sector and justify some broader caution.

Startup yachts, Adam Neumann and wait what year is it again?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Natasha took over Equity Monday this week alongside Grace, as

Oil and gas didn’t benefit from investor largesse in recent years — but renewables did

For oil and gas companies, steady rates of investment should be a worrying trend.

BitGo seeks $100M in damages from Galaxy Digital for calling off $1.2B acquisition

The crypto sector’s first $1 billion deal, announced at the height of record surge in token prices last year, is disbanding as the market reverses much of the gains — and not everyone is p

Android 13 rolls out to Pixel devices today

In a blog post, Google today confirmed that the latest version of Android is starting to roll out to Pixel devices, following the release of the final beta almost exactly a month ago. Users with non-G

How should web3 companies approach fundraising during a downturn?

It’s a delicate balance of gauging the various fundraising options available and knowing which practices to embrace or avoid along the way.

a16z says ‘WeBack’ to WeWork’s Neumann with its biggest check ever

Andreessen Horowitz (a16z) seems determined to keep the capital flowing to controversial WeWork founder Adam Neumann. The storied venture firm wrote its largest individual check ever, at $350 million,

Report: Apple explored ads in Apple Maps as it weighs broader ads push

A new report from Bloomberg indicates Apple may be expanding its advertising business beyond the App Store and other first-party apps like News and Stocks. This plan could see Apple introducing ads in

TikTok rolls out a basic in-app, text-to-image AI generator

TikTok has rolled a new in-app text-to-image AI generator that lets users type in a prompt and receive an image that can be used as the background in their videos. The effect is called “AI green
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