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Daily Crunch: Following ‘significant reduction’ in demand, Peloton puts brakes on production

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

Meta researchers build an AI that learns equally well from visual, written or spoken materials

Advances in the AI realm are constantly coming out, but they tend to be limited to a single domain: For instance, a cool new method for producing synthetic speech isn’t also a way to recognize e

Facebook and Instagram may help you create and sell NFTs

Meta might be the next to hop on the NFT bandwagon. A new report suggests Meta is developing ways to create, display and sell NFTs on Facebook and Instagram.

Meta’s Workplace will integrate with WhatsApp later this year to expand communication with front-line employees

Workplace, the app owned and originally built by Facebook (now Meta) as a version of the social network for enterprise employees to communicate with each other, has signed up upwards of 7 million user

As its data flows woes grow, Google lobbies for quickie fix to EU-US transfers

As the legal uncertainty in Europe clouding use of US cloud services cranks up, Google has responded by firing up its lobbying engines to call for US and European lawmakers to get a move on and come u

New privacy bill would put major limits on targeted advertising

A new bill seeks to dramatically reshape the online advertising landscape to the detriment of companies like Facebook, Google and data brokers that leverage deep stores of personal information to make

Turkey’s Spyke raises $55M in a seed round to bring a social twist to casual mobile games

Istanbul has become a city to watch when it comes to casual gaming startups, boosted by the likes of Peak (acquired by Zynga for $1.8 billion) and Dream (valued at $1 billion in a funding round last y

Daily Crunch: One-click checkout company Bolt ushered into decacorn territory on $355M Series E

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

The FTC is reportedly probing Meta’s VR business for antitrust violations

Following news that the FTC’s antitrust suit against Meta cleared a critical hurdle earlier this week, the agency is apparently also taking a sharp interest in the company’s VR business. B

A hospitable metaverse requires the basic building blocks of virtual life

It’s not easy to build a virtual universe, but it’s certainly something that we can bring closer to reality through proper network infrastructure investments and innovation.

House committee investigating Jan. 6 subpoenas Meta, YouTube, Twitter and Reddit

The House committee leading the investigation into the January 6, 2021 insurrection at the U.S. Capitol issued subpoenas to four major tech companies Thursday. January 6 select committee chairman Benn

UK class action lodged against Meta seeks $3.1B for breach of competition law

A competition legal expert, backed by a powerful litigation fund, is set to mount a multibillion-dollar class action suit against Facebook/Meta for breach of competition law on the basis that it abuse

Second Life’s creator is returning to advise the original metaverse company

The creator of one of the earliest and most enduringly iconic virtual worlds is returning to his roots. Second Life’s founder Philip Rosedale will rejoin the company he founded in 1999 as a stra

Meta shuts down its experimental video speed-dating service, Sparked

Meta is shutting down a video speed-dating service it had tested over a good part of last year, the company informed the service’s users via a recent email. Last April, the company formerly know

Give users genuine control over ad targeting, MEPs urged

Over 30 civil society organizations, pro-privacy tech businesses and European startups are making a last-ditch pitch to try to convince EU lawmakers to put stricter limits on surveillance advertising

Fact-checkers write open letter urging YouTube to get serious about COVID misinformation

A group of more than 80 prominent fact-checking organizations around the world is pressing YouTube to take action against COVID misinformation, which still prevails on the platform now two years into

Omnichannel customer messaging platform Superchat raises $15.6M round led by Blossom

While last year’s WhatsApp outage is still sending shivers down the spine of its 2 billion users, the same is also true for the millions of businesses now using it to connect with their customers. A

Instagram, still benefiting from TikTok’s ban in India, again became the top app by downloads in Q4

Instagram is benefiting from TikTok’s ban in India, and has now reclaimed the top spot in terms of total global downloads as of the fourth quarter of 2021. According to new data published by app

App Annie: Global app stores’ consumer spend up 19% to $170B in 2021, downloads grew 5% to 230B

Consumer spending on mobile apps reached $170 billion in 2021, according to App Annie’s newly released “State of Mobile 2022″ report, out today, which offers a comprehensive look at

Doordash co-founder and CEO joins Meta’s board of directors

Doordash co-founder and CEO Tony Xu has joined Meta’s board of directors, the Facebook parent company announced on Tuesday. Xu has served as CEO of Doordash since 2013 and was appointed the comp
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