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Parler forms a new parent company to offer ‘uncancelable’ cloud services

One of the alternative social networks to emerge out of the social media backlash of the Trump era is apparently going to try something new. Parler announced Friday that it has acquired a cloud compan

Kim Kardashian becomes a private equity dealmaker in collab with ex-Carlyle partner

America’s favorite reality star is leveling up her repertoire and levering up businesses. Kim Kardashian, who passed the “baby bar” exam in preparation to become a lawyer last year,

Marc Lore chews the fat about reinventing at-home dining at Disrupt

There’s no denying it — when it comes to e-commerce, Marc Lore delivers. The serial entrepreneur sold Quidsi, the parent company of Diapers.com, Soap.com and others, to Amazon in 2011 for $550 mil

Wayfair to lay off 5% of its workforce, or nearly 900 employees

Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees as a way to reprioritize investment needs and meet the company’s current needs. This comes after the

Walmart+, the retailer’s Prime competitor, will add Paramount+ access as a new perk

Walmart is partnering with Paramount Global to offer its streaming service, Paramount+, to members of Walmart’s own free shipping program and Amazon Prime rival, Walmart+. The deal was first con

Squaring Databricks’ 2021 valuation as it crosses a $1B annual run rate

With $1 billion or more worth of annualized revenue, what can we learn about Databricks' growth rate, and how well does its valuation slot into current market pricing?

Jack Ma to give up control of fintech giant Ant Group: WSJ

China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reporte

China’s $1B fine on Didi could end the mobility giant’s troubled year

Didi, the Chinese ride-hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, The Wall Street Jour

Stripe is the latest fintech to falter, taking a 28% internal valuation cut

Stripe is the latest high-profile fintech company to experience a significant valuation cut as the market downturn begins to hit the sector especially hard. Last valued at $95 billion, the payments pr

Second-largest crypto exchange FTX expands its empire with launch of stock trading feature

Cryptocurrency exchange FTX is launching stock trading capabilities for its customers through its U.S. division. The company, helmed by co-founder and billionaire Sam Bankman-Fried, said in an announc

Daily Crunch: Fairly stagnant since April launch, Coinbase NFT sales volume is under $700K

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

Fidelity says it will offer crypto in retirement accounts this year

Fidelity, the largest retirement plan provider in the United States, announced plans to offer bitcoin in 401(k) retirement accounts to its account holders later this year. The company is set to allow

Sheryl Sandberg under fire for trying to kill a story about her ex, the CEO of Activision Blizzard

Meta Chief Operating Officer Sheryl Sandberg is now facing “internal scrutiny” at the company after pressuring U.K. tabloid the Daily Mail to kill a story about her former boyfriend, Activ

Music streamer Deezer is going public via SPAC at a $1.1B valuation

A European music streamer, Deezer is going public via a SPAC deal, valuing the Spotify competitor at $1.1 billion. Deezer will merge with the “blank-check” company I2PO, which is headed by

There are no laws protecting kids from being exploited on YouTube — one teen wants to change that

At just 17, Chris McCarty is taking matters into their own hands to protect children from being exploited for cash in family vlogs. As part of their project for the Girl Scouts Gold Award, the highest

The Kindbody TC-1

It’s telling of our maturity as a society that infertility is a concept approached with awkwardness and uncertainty.

Builder.ai raises $100M Series C led by Insight Partners to scale up its software automation

When we started covering Builder.ai a few years ago, the startup was tapping into a new wave of businesses wanting their own native apps. The previous wave of agency-built and outsourced apps was wani

Uber will list NYC taxis to combat driver shortage and high fares

If you can’t disrupt them, join them? Once poised to render the taxi system obsolete, Uber reached an agreement to list all New York City taxis on its app. Later this spring, New York City rider

Spotify removes Neil Young’s music after falling out over Joe Rogan

Musician Neil Young is following through on his threat to pull his extensive and well-loved sonic catalogue from Spotify. Young took a stand against the company’s relationship with podcaster Joe

How will the crypto selloff impact the NFT market?

What happens to both NFT activity and NFT prices when their backing asset, if we can call ether that, rapidly loses value?
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