Alex Wilhelm
Meta, the parent company of Facebook, announced today that board member Peter Thiel will not seek reelection to his post, effectively ending his tenure in the top echelon of the social media company’s leadership.
The move is not an enormous surprise. Thiel has been increasingly publicly involved with political...
Remember Wag? The dog-walking app made huge waves back in 2018 when it raised $300 million from SoftBank’s Vision Fund.
Competing with rival Rover, Wag’s service fell out of our minds in the years since its mega-deal. Today, Wag is back in the news thanks to a recently announced...
It's profitable. Kinda
Sound the horns, unveil the banners, cue the parade. Snap is profitable.
And we don’t mean adjusted-EBITDA profitable, adjusted-operating-income profitable, or even the infamous non-GAAP-net-income profitable. It’s real-profit profitable.
In the fourth quarter of 2021, Snap reported $1.3 billion in revenue (up 42% year over year), an operating...
Whose Your Landlord,1 or WYL, announced a $2.1 million seed round today led by Black Operator Ventures, better known as BlackOps Ventures. TechCrunch readers will already be aware of BlackOps’ fund, which we covered at launch last December. The goal behind the $13 million capital pool was to...
Regardless of which podcasts you enjoy listening to, you should have caught wind of the Joe Rogan situation by now.
The Rogan-related Spotify saga has been burning long enough now that it’s worth taking a moment to sit back, consider the larger picture, and try to piece together the...
The 2020-2021 trading and investing boom lifted a number of companies’ revenue growth, fundraising and narrative strength. Some of the best-known even went public on the back of a global trend that made their businesses shine. Now that shine is fading, and the value of select fintech concerns...
New data from Kruze Consulting shows just how much the venture capital fundraising market has changed for startups in the last few quarters.
Kruze, which provides accounting, tax and venture capital-related services to private tech companies, has access to hard data regarding startup performance. Healy Jones, vice president of...
Banking giant UBS announced earlier today that it will purchase venture-backed robo-advisor Wealthfront in an all-cash transaction worth $1.4 billion.
Wealthfront, which raised just north of $200 million while private, per Crunchbase data, is one of a few wealth management services that grew on the back of offering automatic...
U.S. electric vehicle company Tesla reported its fourth-quarter and calendar-year 2021 results this afternoon. In the final three months of 2021, Tesla generated $17.72 billion in revenue, $16.0 billion of which came from its vehicle business. From that total, Tesla’s Q4 saw net income of $2.32 billion and...
It makes for better startups
As the startup game has matured around the world, it’s become less fun. Building companies from nothing to something is hardly supposed to be laugh-a-minute, but I think we’ve lost sight of how much fun new tech used to be.
An example that comes to...
