December 2, 2021.
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December 2, 2021 is the date of Daily Crunch. There is a lot going on. There are more financial services in Latin America. The Actuator is launching. The App Store has awards. The week's software sales. Buckle in, it is a lot. Maybe the news will slow down next week? Alex is hoping.
The top 3 tech companies.
If you announce that you have raised hundreds of millions of dollars, don't fire a bunch of your team right after. It is definitely bad PR and also an awful thing to do. Better.com got access to half its SPAC money early and then laid off 9% of its staff.
The Grab SPAC was supposed to be a crowning moment for the company. Despite raising capital and avoiding shareholder redemptions, shares of Grab still ate it hard today. Despite the stock market in the US rising, the Grab shed 20% of its value. It was very bad.
Guess who won the App Store Awards. I didn't think that a mobile League of Legends game would win a gaming prize. It feels a bit anachronistic that Apple picks favorites each year, like the Grammys, if the music marketplace was owned by the music industry. Maybe we should do a collection of the best of techcrunch and see if Apple News picks it up.
The companies are startups/VC.
Timnit Gebru got the last laugh, as she set up her own research institute, DAIR, focused on the topics she felt were being overlooked at Google. They say the best revenge is living well. That's the way to do the work.
This story makes me happy. There was a time when app names weren't very useful. It all got a bit corporate when the startups started to have names. AaBeZe is a digital nutrition app. Tech being weird. I will take 17 supplements to avoid getting a virus.
Community became a buzzword in the startup space after it became very expensive to buy an audience from social networks. It makes acquiring customers cheaper by building your own community. Viola! There is more to it than that, and that is what Playground is up to. Playground is a social platform that seeks to help people discover and develop community while empowering creators to monetize their audience. You only get coal in your stocking if you say "monetize community" three times in the mirror.
The corporate spend issue has proven so lucrative in the United States that Mendel has raised $35 million to work on it. Kueski added a billion dollars to its accounts to help it grow.
Nothing says Christianity better than raising venture capital to fund an app that sells religious material. We should note that a16z just backed Glorify to the tune of $40 million. We think $4 million will be given to charity.
How much does it cost to deliver groceries? The question is a trick. Infinite capital is the answer. Evidence? The company is going to drop $700 million on its own grocery delivery effort.
4 analysts break down the week.
The image is from Salesforce.
On Monday, he became the chair of the board of Twitter, and a day later, he became the co-CEO and co-chair of the company.
Ron Miller looked back at Taylor's career to better understand how he ended up co-leading one of the world's most valuable companies. He interviewed four analysts.
Forrester Research has a VP and principal analyst named Liz Herbert.
The analyst is from Constellation Research.
The founder and principal analyst of the company is Brent Leary.
Wong is an analyst for the company.
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