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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.

TikTok begins testing support for paid subscriptions

TikTok is testing support for paid subscriptions, the company confirmed to TechCrunch on Thursday. As first reported by The Information, the popular short-form video app is exploring the option for cr

Weavit’s new app wants to be a ‘Shazam for your thoughts’

A new app called Weavit wants to be a “Shazam for your thoughts” — that is, it wants to offer people a different way to quickly capture their thoughts in a note-taking tool with the

Instagram now allows creators to ‘remix’ any public videos, not just reels

Instagram announced today it will allow users to remix any video content on the app, not just short-form reels videos. The company officially launched Remix, its version of TikTok Duets, last March. T

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.

Instagram launches early test of creator subscriptions in the US

Instagram is giving creators more ways to make money with today’s launch of Instagram Subscriptions. The feature, which was spotted hitting the App Store back in November, is now officially in e

Roll is a new app letting you subscribe to paywalled creator content

Today marks the launch of the Roll app, which aims to create an easy way for creators to make an extra buck while portraying a potentially more authentic version of themselves to their fans. Already,

Appcues nabs $32.1M for analytics and no-code tools to fix user onboarding

User onboarding has been a longstanding and persistent challenge in the world of apps. Developers grapple with design and technical constraints; publishers and users might have different priorities wh

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

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

Music app AmpMe lowers pricing after accused of being an App Store scammer

Around the same time Apple was touting its sizable App Store revenue growth this week, developer and noted App Store critic Kosta Eleftheriou brought to light what appeared to be yet another App Store

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

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

5 growth marketing predictions for 2022

It’s been a crazy year in growth marketing, what with the meteoric rise of TikTok, radical iOS privacy shifts and a staggering $240 billion poured into U.S. startups as of September 30.

Instagram’s chronological feed is back

Instagram is making good on the promise it made last month to bring back the chronological feed. In a tweet Wednesday, Instagram head Adam Mosseri announced that the platform is rolling out some big c

Instagram is testing private likes on Stories with select users

Instagram has started testing private likes on Stories as part of a limited test. The Meta-owned company confirmed that the feature is not broadly available and is currently only visible to a small gr

TikTok taps Atmosphere to bring TikTok videos to out of home screens in commercial venues for the first time

TikTok — the hugely popular mobile video app with more than 1 billion users — has been taking its first steps to break into a new screen, the TV screen, launching and integrating a new app

Cheugiest tech moments of 2021

Technology has come a long way in 2021. There are widespread mRNA vaccines! An asteroid-deflecting space mission! A very powerful laptop with a very controversial notch! But it’s unfortunately e

Tumblr is at war with Apple over ‘mature’ content on its app again

Hide your “Tony the Tiger”/”Eugene Levy” fan fiction — those phrases, along with hundreds of others, are now banned from Tumblr’s iOS app. Now, any personal blog th

Patreon CPO says the company will double in size in 2022

Creator monetization startups are cropping up left and right as the tech world embraces the fast-growing creator economy. But Patreon, founded in 2013, has been around since before words like “i
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