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VR/AR startup valuations reach $45 billion (on paper)

Despite early-stage virtual reality market and augmented reality market valuations softening in a transitional period, total global AR/VR startup valuations are now at $45 billion globally — include

Daily Crunch: Zuckerberg has thoughts on free speech

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe her

$35B face data lawsuit against Facebook will proceed

Facebook just lost a battle in its war to stop a $35 billion class action lawsuit regarding alleged misuse of facial recognition data in Illinois. Today it was denied its request for an en banc hearin

Kenyan telco Safaricom’s Alpha incubator faces uncertain future

Safaricom’s Nairobi-based Alpha innovation incubator may have an uncertain future, according to sources. With two high-level departures, and the passing of Safaricom’s CEO Bob Collymore, t

Zuckerberg on Chinese censorship: Is that the internet we want?

China is exporting its social values, political ads are an important part of free expression and the definition of dangerous speech must be kept in check, Facebook’s CEO Mark Zuckerberg argued t

Labor leaders and startup founders talk how to build a sustainable gig economy

Over the past few years, gig economy companies and the treatment of their labor force has become a hot button issue for public and private sector debate. At our recent annual Disrupt event in San Fran

Facebook’s new Portal increases privacy, but is still searching for a reason to exist

The timing of the original Portal’s launch was less than ideal. The company reportedly pushed things back as the Cambridge Analytica scandal hit full broil, only to be hit with another data breach d

Libra claims 180 potential replacements for 7 mutineers

Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed inte

Daily Crunch: Facebook has a weak stance on political ads

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe her

Facebook should ban campaign ads. End the lies.

Permitting falsehood in political advertising would work if we had a model democracy, but we don’t. Not only are candidates dishonest, but voters aren’t educated, and the media isn’t objective.

Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made L

California’s Privacy Act: What you need to know now

This week, California Attorney General Xavier Becerra, published draft guidance for enforcing the state’s landmark privacy legislation. The draft text of the regulations under the California Con

Pegging Libra to just the $ could soothe regulators, a16z says

What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook -led cryptocurrency Libra has caused major partners — includin

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale

Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billio

EBay, Stripe and Mastercard drop out of Facebook’s Libra Association

Oof — a week after PayPal announced plans to part ways with Facebook’s Libra cryptocurrency project and the related association of the same name, three more names are reportedly breaking away:

Facebook sure does love free $peech

Ensuring politicians in the 2020 election stay truthful is hard work, so Facebook has decided it’s going to sit this one out. Joe Biden’s campaign team sent a letter to CEO Mark Zuckerberg

Silicon Valley’s competing philosophies on tech ethics with The New Yorker’s Andrew Marantz

“If Silicon Valley is going to keep telling itself the story that the only uses of their technology will be the most optimistic, the most hopeful, the most salubrious, the most prosocial,” New Yor

Instagram launches Create mode with On This Day throwbacks

Instagram has finally turned Throwback Thursday into an official feature. It’s part of the new Instagram “Create” mode that launches today in Stories, bringing the app beyond the cam

With $15M round and 100K tablets sold, reMarkable CEO wants to make tech ‘more human’

The reMarkable tablet is a strange device in this era of ultra-smart gadgets: A black and white screen meant for reading, writing, and sketching — and nothing more. Yet the company has sold 100,000

Facebook’s Workplace hits 3M paying users, launches Portal app in a wider push for video

The rapid rise of Slack — which has recently broken the 100,000 mark for paying businesses using its service — has ushered in a rush of competition from other companies across the worlds o
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