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Egyptian startup Convertedin raises $3M, caters to e-commerce brands in MENA and Latin America

Convertedin, an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. Other particip

Elon Musk sells nearly $7 billion in Tesla shares

Tesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings. Since Friday, the executive has sold 7.9 million shares, which totals about $6.9 billion. Thi

The DOJ is reportedly prepping an antitrust suit against Google over its ad business

The Department of Justice is preparing a second major antitrust suit against Google, according to new reporting by Bloomberg. The DOJ could sue Google “as soon as next month,” according to

Former Twitter employee found guilty of spying for Saudi Arabia

A former Twitter employee suspected of spying on behalf of Saudi Arabia was found guilty, Bloomberg reported Tuesday. The employee, U.S. resident Ahmad Abouammo, was also convicted by a jury of conspi

SpaceX’s Starship hits another milestone with booster static fire test

SpaceX just got one step closer to the first orbital test flight of its launch system Starship with the successful static fire test of a prototype Super Heavy booster late Tuesday afternoon. That boos

Hootsuite lays off nearly a third of its workforce as CEO tries to ‘refocus’

Social media marketing firm Hootsuite says it has slashed its workforce by 30%. “We need to refocus our strategies to drive efficiency, growth and financial sustainability,” CEO Tom Keiser

Facebook helps cops prosecute 17-year-old for abortion

Meta provided user information to police in Nebraska that led directly to the prosecution of a 17-year-old girl for alleged crimes relating to an abortion, court documents show. The company could have

iRobot announced a 10% staff cut the same day its Amazon news dropped

You’d be forgiven for missing this bit of news. I fully cop to not seeing it myself amid the buzz of last week’s Amazon acquisition news on Friday (knowing nod to Robot Report for pointing it out)

Tesla’s next gigafactory might be in Canada

While onstage at Tesla’s annual shareholder event, CEO Elon Musk hinted that the automaker would choose the location for a new gigafactory by the end of the year. Musk jokingly asked his fans wh

Daily Crunch: WhatsApp extends its unsend time limit to ‘a little over two days’

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

Boulevard books $70M to help beauty and wellness salons with their bookings

Beauty may be in the eye of the beholder, but when it comes to getting ahold of an appointment for your hair or another treatment…that’s a different story: The bespoke nature of a lot of t

Microsoft makes further cuts focused on consumer R&D group

After pulling open roles across its Office and Windows divisions and letting go of a portion of its 180,000-person workforce in July, Microsoft made additional cuts this week. This layoff round was co

Ford raises F-150 Lightning prices across the board

Ford is raising the price of the F-150 Lightning, with increases ranging from $6,000 to $8,500, depending on the model and trim level. The entry-level “Pro” badged F-150 Lightning will now

TikTok’s latest test feature aims to improve the app’s search capabilities

TikTok is testing a new feature that enhances the popular short-form video app’s search functions. The new feature highlights keywords in comments and links to search results for the term. TikTo

Coinbase’s earnings fall short of expectations as crypto winter rages

Investors shrug, implying the bad news was priced-in

How this founder is SaaS-ifying air-quality tracking

Welcome back to Found, where we get the stories behind the startups. This week, Darrell and Jordan talked with Davida Herzl the co-founder and CEO of Aclima. We all have a right to clean air, but chan

Google Cloud announces upcoming regions in Malaysia, Thailand and New Zealand

Fresh off of an expansion to Mexico, Google today previewed the launch of new Google Cloud regions concentrated in Asia-Pacific (APAC), specifically Malaysia, Thailand and New Zealand. When they come

Upper90’s strategy of cutting checks with credit and equity may be more relevant than ever

Now that equity is getting increasingly expensive as investors are deploying more conservatively after last year's fever, Upper90's strategy could become more useful to founders than ever.

Businesses including Stitch Fix are already experimenting with DALL-E 2

It’s been just a few weeks since OpenAI began allowing customers to commercially use images created by DALL-E 2, its remarkably powerful AI text-to-image system. But in spite of the current tech

Walmart is reportedly looking at deals with streaming services

Walmart’s membership program Walmart+ may bundle with a streaming service. The report comes from the New York Times and sparks conversation about the strange idea of the retail giant entering the st
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