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Hi friends. It’s Kyle, who fills in for Daily Crunch Naseerine Hage and Christine. I can’t match the shrewdness and intelligence of my esteemed colleagues, but – unlike a megalomaniac billionaire who will not be named – I promised to avoid any passive-aggressive language about adhering to a “hardcore” work culture. You won’t have to press a button to pledge your allegiance here, and you don’t have to worry.
While Twitter under Elon Musk remains the talk of the town (for all the wrong reasons), I’d like to draw attention for a moment to TechCrunch Sessions: Crypto, our event in Miami this week — as coincidentally as cryptocurrency exchange FTX and its tangled network of investments exploded. (I swear we didn’t plan on that, honestly). Did we happen to be present? amazing! If not, we’ve got you covered with in-depth reviews of all the major sessions. Check them out over here.
If you’d much prefer a break from the current news cycle – and I can’t really blame you – then please consider giving this a try. Property From Ron Miller And the Anita Ramaswamy reading. (You will need a file TC+ Subscribe.) While delving into the FTX debacle, it takes a highly detailed, high-level look at web3 and tries once and for all to answer the question: “Is web3 truly innovative or just a repackaging of existing technology?” The answer may surprise you.
Now, without further ado, here’s a roundup of this week’s events. – Kyle
Top Techcrunch 3
No blue for you: For the masochists out there who have subscribed to Twitter for the past few weeks, you will have to wait before you can purchase a subscription to Blue Twitter, the Twitter Premium plan that adds – among other benefits – a blue “Verified” checkmark. In this week’s policy change I mentioned before IvanTwitter said that new Twitter accounts will wait 90 days before they can buy Blue. It is likely that his goal is to stop the An avalanche of impersonations which has been increasingly prevalent on the platform in recent weeks.
Quick rebellion: Taylor Swift fans aren’t too thrilled with the Tickemaster’s handling of advance sales for the megastar’s upcoming Eras Tour. There are no regulators. Tennessee Attorney General Jonathan Scrimetti is among those looking into whether Ticketmaster violated consumer rights and antitrust regulations by subjecting customers to technical errors and long wait times, with many ultimately unable to purchase a ticket, Catherine reports.
Shop while you…you know: Merch is coming to OnlyFans. Amanda He writes about the platform’s new partnership with Spring, the e-commerce company formerly known as Teespring, which will allow OnlyFans creators to list physical products directly on their profile pages. OnlyFans does not take a cut of the transactions, but, as Amanda notes, the feature incentivizes creators to integrate their work deeper within the platform.
Startups and VC
Is Patreon still the place for creators? Fanfix says it isn’t. Generation Z-focused competitor, Fanfix today Launched SuperLink, a self-contained “link in bio” tool for existing apps like Instagram and Snapchat that shows a creator’s Fanfix page. It may not be new—Linktree has long dominated the dynamic link space—but, it is Lauren The year-old Fanfix writes that he sees SuperLink as a path to grow his base of more than 9.6 million users, who are said to be earning millions of dollars on the platform. Certainly there is a great opportunity for expansion. The latest version from Adobe Exploratory study It found that the creator economy – that is, adults who engage in “creative activities” and publish and promote their work online – has grown by more than 165 million globally in the past two years.
Turning our eyes towards the sky, India’s first private rocket, built by a startup Skyrot Aerospacehad a successful takeoff this week. Jagmeet Reports indicate that the launch of the rocket – dubbed Vikram-S – followed much anticipation and years-long work by Skyroot, which was founded by former Indian Space Research Organization scientists Pawan Kumar Chandana and Naga Bharath Daka.
In other noteworthy news:
- revenue driversJumia, the African tech startup built around marketplace, logistics and payment service, is Cutting and overhead products As the new company management is chasing profits. Crown He has the details.
- Power up: start the electric car Nio is accelerating its expansion in Europe. The premium electric vehicle manufacturer has just launched its first power swap station in Varberg, Sweden, Rita reports.
- Reduce the number of employees for the sake of profit: the largest Internet company in Indonesia, GoTo, cutting 1,300 jobs on Friday Where the company is trying to reduce costs and improve financial resources. as such Manly… masculine He writes, GoTo joins dozens of domestic and global peers in its decision to cut its workforce to counteract the economic slowdown.
- Connecting citizens with aid: Beam, a startup that helps citizens access government financial aid, has it He collected $6.4 million in Series A financing. Andrew It delves into the business model, which includes partnering with governments and serving as a one-stop cash assistance management system for handling applications, identity verification, case decisions, and payments.
- I always feel like someone is watching meThere is money in layering AI technology on top of CCTV feeds. Spot AI is the perfect example – the company It raised $40 million this week Cloud-based analytics system that “reads” camera footage for insights. Ingrid He has the scoop.
- Would you give up your share of the house in exchange for a larger apartment? Virgil thinks you will. The French startup — which invests in apartments alongside home buyers before they even get the keys to their new home — Raised $15.6 million In the latest funding round, Roman reports.
- AI-generated porn monetization: Amanda And the I Dive deep into a wonderful – and terrifying – new world. Porn generated by AI. One group is trying to monetize it. It is unclear if they will succeed, given the legal, ethical and technical challenges ahead.
How much tax do you owe when you sell your company?
Starting a startup is hard work, so asking the founders to prepare for an acquisition might sound as silly as telling them to practice their Oscar speech in the bathroom mirror.
still . . . If you are ready to start a startup, you should also be ready to sell one.
In an explanation for TC+, Peyton Carr, managing director of Keystone Global Partners, provides a framework for calculating taxes at exit and identifies the differences between short-term capital gains and long-term capital gains rates.
“As a founder, you will need to plan for your personal tax situation to improve the range of opportunities that are presented to you.”
Here’s more from the TC+ team:
- What we will lose with Twitter: In a wonderful column, several TechCrunch employees contributed what they’d miss most if Twitter were to disappear – While I was hoping it would still be up tomorrow. High-level takeaway? Twitter has value beyond driving traffic for journalists and other users, despite what some critics might think.
- Take action on open source security: Javier write about open source software security law, Bipartisan legislation in the United States that recognizes the importance of open source software and states that the federal government must play a supportive role in ensuring its long-term security.
- Measuring transformation in e-commerce: Is it possible that Identifying the global e-commerce slowdown? Alex And the I Give it the best of both worlds, examining how the pandemic pressures on e-commerce businesses are beginning to lift and change the way these businesses operate.
Both Kenya and Nigeria have seen a proliferation of loan applications in recent years, many of which offer fast, unsecured personal lines of credit of up to $500. The lack of regulations has attracted rogue operators, unfortunately—almost 40 loan applications in Kenya are under investigation by the Office of the Data Protection Commissioner on data breach complaints submitted by users. After the adoption of new laws in the countries to clamp down on the industry, Google has launched the infamous loan apps Available on Android from the Google Play Store, reports that I. This is welcome news, I will say.
On the subject of regulation, the FCC announced this week that it will Require broadband providers to display a “feed poster” showing all charges, catches and caps for any plan they offer. as such Devin He explains, the labels will show things like price, contract length, whether the price will change after a certain period and “typical” download and upload speeds as well as latency. Don’t expect the labels to appear right away – the FCC’s rules must first be reviewed by the Office of Management and Budget and published in the Federal Register, at which point broadband providers will have six months to a full year to comply – but greater transparency in Internet plans could be something Only well, I would argue – even if it comes slowly.
Here are the rest of this week’s events:
- Many new chips: Qualcomm launched its latest flagship Snapdragon chip and new AI platform At the company’s annual Snapdragon Summit, Brian reports. The Snapdragon 8 Gen 2, as the chip is called, features enhanced AI processing and computational imaging such as recognizing and segmenting different aspects of an image before capturing the image.
- Get crispy: Thanks to the partnership between the two companies, Discord users can now stream the movie or TV show they’re watching on Crunchyroll via their Discord profile. Lauren He notes that Crunchyroll is the latest media company to support “Rich Presence,” Discord’s “Now Playing” functionality that automatically shows the video you’re watching, the game you’re playing, the song you’re listening to, and more right in Discord.
- Privacy first: Jagmeet And the Manly… masculine coverage Proposed data privacy law in India This dictates how companies handle their citizens’ data, including allowing information to be transferred across borders with certain countries. It comes three months after the country’s regulators abruptly withdrew the earlier proposal after scrutiny and concerns from privacy advocates and tech giants.
- Hydrogen powered: Hyundai revealed on Thursday at the Detroit Auto Show a A hybrid hydrogen fuel cell concept vehicle called the N Vision 74 which the company says illustrates the vision of the electric performance sub-brand. The car’s W hydrogen fuel cell converts hydrogen into electricity to charge the 62-kWh internal battery – a clever concept. But, as you mentioned AbigailHyundai won’t say if this type of powertrain will go into production.