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Christine is back from a week dedicated to making the world a better place, and now she’s here to help make this newsletter even better. Hooray! — Christine as well as Hadje
TechCrunch Top 3
- Where the sun once was now gone in darkness: Thousands of Solana users found that their wallets were devastated, totaling about $8 million. Rita as well as Carly write down. The hack only affects “hot” wallets, the pair said. Industry experts say this could be a compromise of a privacy key. We are sure there will be more on this later.
- Ping is in familiar territory: Ping Identity, a state-owned identity management firm, has agreed to be taken over by private equity firm Thoma Bravo, ingrid reports. This is not Pin’s first exposure to PE. The majority stake was held by Vista Equity, which retains a minority stake in the company. Tom Bravo has been on a shopping streak lately, also acquiring both SailPoint as well as Anaplan this year.
- Trading places: We’re going back to Rita, who writes that Salesforce is considering a presence in China. Changes include closing the Hong Kong office and accelerating Salesforce’s collaboration with Alibaba, which includes helping companies establish a social commerce presence.
Startups and VK
L’Attitude Ventures announced today the closing of its first institutional fund, which raised over $100 million from several financial services heavyweightsincluding a “strategic anchor investment” from JPMorgan Chase, Mary Ann reports.
Playstudios, a public mobile gaming platform and developer, is entering the world of web3 with a new blockchain division and investment fund. The gaming organization has announced a $10 million investment vehicle.Future Fund to support companies creating rewarded gaming options, Jacqueline reports.
Keep the starting train in motion:
- The computer says maybe: Kyle reports that the customer service technology company Aysera receives $90 million automate customer service requests using machine learning.
- Storage for your digital trinkets: Imagine paying millions of dollars for a JPEG image of a monkey only to have it stolen from your digital wallet. New Upstream storage can help keep your digital treasures safer, Anita reports.
- From straps to treadmill: On today’s episode of the Equity podcast Natasha M as well as Alex think it’s time jump on the venture treadmill for companies that have been bootable so far.
- Pay 5 dollars, get money: Kyle tells you to start ZayZoon charges employees $5 to get paid early.
- Y-minimizer: Referring to recessions and the financial climate, Y Combinator reduces cohort size by 40%writes Natasha M.
Dear Sophie! How long do I have to stay in my current job after getting a green card?
Image credits: Bryce Durbin/TechCrunch
Dear Sophie,
I am currently a software engineer working for H-1B. My employer sponsored me for an EB-2 green card and my application was approved, but I am still waiting for a decision on my application for permanent residence.
I want to leave my employer and do something completely different. Can I transfer my green card to another employer in a different field and position, or should I stick with my current position until I receive my green card?
If I insist on this, how long do I have to stay with my current employer after I get a green card?
– Thirst for change
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)
Big Tech Inc.
Uber and Omio join forces in the UK to allow users to book trains, buses and coaches, Natasha L reports. The taxi giant sees this as a way not only to travel long distances, but also to capture or recapture travelers moving between different modes of transport. In other Uber news, it looks like the company is already entered into a partnership with Indian food delivery firm Zomato, Manish writes.
Stopping for a moment in India, Manish also reports that the government withdrawal of the draft law on the protection of personal data. It was a law that was not supported by privacy advocates and tech giants, mainly because they believed it limited how sensitive information could be managed and also allowed the government to access the same information more easily.
Speaking of partnerships, Ticketmaster and TikTok now there is one to provide users with a new way to find and buy event tickets, Aisha writes. Initially, this feature is intended for certain creators who can search for Ticketmaster events and add links to their videos. Ivan also reports that ByteDance may be preparing for global launch of TikTok Music.
You can also “byte” in them:
- When fanfiction is too close to copyright: Amanda look what happened when two TikTok stars decided to capitalize on their love of Bridgerton, only to find that the once-ok Netflix is now out of order.
- Live “shopping” and let die: Real-time shopping is still a promising way to e-commerce in the US, but Facebook decided to close the function of online shopping instead focus on the drums. You have until October 1st to hold new events, Aisha writes.
- Pokemon-palooza: Amanda also allows you to look at new pokemon that just dropped.
- Google’s Next Stage: Remember when Google said it was going to combine Duo and Meet a few months later? Well, Frederick writes that Google is taking the next step in this merger with an app update that changes the Duo logo to the Meet logo.
Credit: techcrunch.com /