Softbank

The second wave of unicorn layoffs is brutal

This morning, let's remind go over what happened in the first wave of recent unicorn layoffs (Zume, Oyo, Uber, etc) and how it compares to what is happening today as ZipRecruiter, Bird and TripActions

OneWeb to file for bankruptcy as effort to secure funding, including from investor SoftBank, falls through

Broadband constellation satellite operator OneWeb will file for bankruptcy protection in the U.S., likely some time Friday, after attempts to secure new funding, including from existing investor SoftB

Flexport, Arnold Schwarzenegger and others launch a fund to get supplies to front-line responders

There’s a global shortage of available protective equipment (PPE) and medical supplies for use by front-line responders working to fight the spread of the novel coronavirus, and the Frontline Re

OneWeb confirms layoffs and potential launch schedule delays amid reported bankruptcy considerations

Satellite operator OneWeb has confirmed that its workforce has been reduced via layoffs, after TechCrunch learned that it reduced its workforce by as much as 10% this week. The company did not confirm

Veteran VC Mike Volpi discusses investing and fundraising in ‘a very difficult time’

Last week, I talked with Mike Volpi, longtime Index Ventures partner and the former head of M&A at Cisco for many years before that. We originally planned to talk about Index and general market tr

SoftBank-backed Indian startup Oyo to cut 5,000 jobs globally

Oyo said on Wednesday it is laying off 5,000 people from its global workforce as the Indian budget hotel startup looks to cut its spendings and chase profitability. The latest round of job cuts would

Latin America Roundup: SoftBank adds $1B, Stori raises $10M and Grow Mobility puts on the brakes

After investing nearly $2 billion of its Innovation Fund in Latin America in 2019, SoftBank announced this month that it would add an additional $1 billion into the fund.

Quick notes on the DoorDash IPO filing

Earlier today, during an eye-popping market selloff, DoorDash announced that it has privately filed to go public. The decision to file privately will allow the high-valued startup to get its S-1 docum

Loon and SoftBank’s HAPSMobile team with Airbus, China Telecom and more on stratospheric cell networks

A new industry alliance led by Alphabet’s Loon high-altitude balloon technology company and SoftBank’s HAPSMobile stratospheric glider subsidiary aims to work together on standards and tec

Announcing the final agenda for Robotics + AI — March 3 at UC Berkeley

TechCrunch is returning to UC Berkeley on March 3 to bring together some of the most influential minds in robotics and artificial intelligence. Each year we strive to bring together a cross-section of

Join the Q&A with top speakers at TC Sessions: Robotics + AI (March 3)

Over the past four years, TechCrunch has brought together some of the biggest names in robotics — founders, CEOs, VCs and researchers — for TC Sessions: Robotics + AI. The show has provide

Oyo’s revenue surged in FY19, but its loss widened, too

On Monday, budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the Indi

SoftBank-backed Brandless shuts its doors for good

It was a roller coaster ride — a short one. Brandless, a San Francisco-based e-commerce company that made and sold an assortment of “cruelty-free” products in beauty and personal car

Arm focuses on AI with its new Cortex-M CPU and Ethos-U NPU

Arm today announced two new processors (or one and a half, depending on how you look at it). The company, which designs the chips that power the majority of the world’s cell phones and smart dev

Uber claims top spot in Indian ride-hailing market

Uber facilitated 14 million rides a week in India last year, the American ride-hailing firm said as it claimed the tentpole position in the key overseas market. In a report (PDF) published on the sid

As its fundraising lags, SoftBank’s second Vision Fund could be near-sighted

SoftBank, the technology conglomerate that transformed the venture capital industry and made waves in the technology world with its $100 billion Vision Fund, may not be able to repeat the performance

SoftBank-backed Fair puts the brakes on weekly car rentals for Uber drivers

When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just one week later, he stepped away from the role of CEO an

Advocating reform, activist investor Elliott Management takes a $2.5B stake in SoftBank

The activist investment firm Elliott Management has steadily amassed a $2.5 billion stake in the headline-grabbing, Japanese technology conglomerate SoftBank even as a series of missteps battered the

Watch OneWeb launch 34 satellites for its broadband constellation live

One of the various companies looking to deploy a globe-spanning broadband internet satellite constellation is adding 34 satellites to its existing operations in space. OneWeb will launch that many sat

Alphabet’s Loon and SoftBank’s HAPSMobile turn solar-powered drones into flying cell towers

Alphabet-owned Loon, the company that had been focused on delivering internet communications to remote areas via stratospheric balloons, has completed development work on a new payload for partner HAP
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