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Daily Crunch, October 28, 2021 - Hello! We are now able to focus our attention back on the metaverse, thanks to TechCrunch events, and the sales teams. Alex
TechCrunch Top 3
Facebook Goes Meta: Facebook created a brand that was above its corporate domicile. This meta-entity will include all of its projects. One of these is the metaverse. The new company name Meta is a good choice. It doesn't seem to be liked by many people, but it is difficult to distinguish the general Facebook Snark and the Actually About The Name Snark. You can find more information in the Big Tech section below.
Facebook created a brand that is above its corporate domicile. This meta-entity can include all of its projects. One of these is the metaverse. The new company name Meta is a good choice. It doesn't seem to be liked by many people, but it is difficult to distinguish the general Facebook Snark and the Actually About The Name Snark. You can read more in our Big Tech section below. NerdWallet is on its way to unicorn valuation: According to its most recent IPO filings, NerdWallet, an online finance content company, NerdWallet, will be valued at $1 billion. TechCrunch, a word-first publication, had some thoughts about the subject.
According to NerdWallet's latest IPO filings, NerdWallet will be valued at $1 billion as the online finance content company approaches the public markets. TechCrunch, a word-first publication, has thoughts about the matter. Facebook is not happy with Apple: Facebook Meta took a few shots at Apple today, I think. These are important to consider, in addition to the wider branding and VR efforts announced by the company. The social media giant isn't happy about Apple's privacy changes.
Startups/VC
TechCrunch has details about the value of ex-startup Allbirds before we dive into startup news. In the wake of Rent the Runway we now see a valuation range for tech-enabled IPOs.
Payments and credit card companies are competing for a piece of the expanding BNPL market
Although consumers have long had the option to defer payment for products, it is a relatively new concept. However, upstarts such as Klarna, Afterpay, and Affirm have elevated the concept to a whole new level. Legacy credit card companies and payment agencies are now taking note.
Ryan Lawler and Mary Ann Azevedo have observed a slow emergence of a symbiotic relationship in the BNPL space between leading companies, payments upstarts, and traditional financial institutions.
Yesterday, Visa announced that many companies use its technology to power point of sale BNPL solutions. Last month, its competitor launched Mastercard Installments.
According to Ryan and Mary Ann, it's not surprising that credit card companies are increasing their BNPL efforts. It's actually a miracle that they took this long.
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Big Tech Inc.
Twitter made some noise before we get to the Facebook News Roundup. It will be possible to record Spaces, the audio chat rooms, from users' smartphones. Its subscription Blue service will also include early access to feature access.
Facebook's remaining announcements:
The rest of Big Tech?
Investigating majors in the BNPL Market: Affirm is most well-known as an early BNPL startup, but Big Finance won't let tech have all of the fun. Mary Ann and Ryan investigate.
Affirm is most well-known as an early BNPL startup, but Big Finance won't let tech have all of the fun. Ryan and Mary Ann investigate. Apple's App Privacy Report beta is available. This is news that will make other companies happy. Please note that Apple does not like us if it makes other companies feel bad about data privacy.
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