Daily Crunch: Key Twitter executives quit after Elon Musk deal

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Thursday, May 12th, so Happy Friday Eve. Congratulations to the GoogleCrunch team who wrote about 28 articles yesterday to talk about Google I/O. You can catch all googliness here. Hadje enjoys a couple of days off and I’m afraid now you know who’s the funniest. Till tomorrow! – Christine

TechCrunch Top 3

  • Twitter executives leave: The Twitter saga opened a new chapter today, albeit unsurprising given what’s going on: some of the key executives, including CEO of Consumer Affairs Kavon Bakepur and Head of Revenue Bruce Falk, Current CEO Parag Agrawal stated that their services are no longer needed. We are monitoring this – there may be more.
  • SoftBank slowdown: Just like we saw with Tiger Global Yesterday, as one commenter put it, “the pandemic is really forcing us to rethink every decision.” For example, SoftBank said it could cut startup investment by more than half in the coming fiscal year.
  • Terra is up and running again: Jacqueline continues to follow the latest TerraUSD news, reporting that Terraform Labs has resumed blockchain production after a short break. This follows the “collapse of the Terra ecosystem this week” that wiped out its stablecoin, UST, and the rest of the crypto market. Meanwhile, Alex dived into how cool venture investments in cryptocurrency went into the first quarter before “everything went to hell,” as he put it. Indeed, “crypto winter is coming” and if you want to know more, check out today Chain Reaction Podcast.

Startups and VK

  • Let’s start with M&A news, shall we? After outsourcing digital identity verification, Checkout.com decided to make this feature in-house. acquisition of Ubble. Although the terms of the deal were not disclosed, Checkout.com can certainly afford it after get $1 billion in funding in January. Meanwhile, desktop 3D printing firms MakerBot and Ultimaker decide to make it official, tying the knot in a merger that would spin off MakerBot from parent company Stratasys. And across the pond Nexi bought Orderbirda start-up providing point-of-sale services to restaurants and other hospitality companies is a big market right now.
  • show me money: While the financial service offering is hot in Latin America, payments are being made where they are in Africa. Interswitch there was a big round today as it looks to expand across the continent.
  • Calling all clients: Customer service requests have been coming in fast and furious as most shopping has moved online over the past two years. Implementation of supporting tools was beyond the reach of small businesses due to the difficulty of adding a technical layer. Where is it Tidio Its automated customer service offering allows businesses to get up and running quickly, handle repetitive tasks, and keep up with high-calling customers.
  • Brazilian fintechs are now valued at $1.5 billion: Helping businesses provide their own financial services is still relevant. hot, hot, hot in latin america. Dock is the latest company to see the fruits of its labor, raising $110 million. It currently manages over 65 million active accounts.

When and how to hire the first marketer in your startup

An orange rocket rises up between the balloons.  (3D visualization)

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Image credits: Eoneren (Opens in a new window) / Getty Images

Emotion and intuition often drive early-stage hiring at startups, but when a company achieves product-to-market fit and finds its target audience, “it signals that hiring a growth marketer will allow you to scale your efforts much faster than without one.” says Jonathan Martinez, who has helped scale companies like Chime, Uber and Postmates.

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In the TC+ post, Martinez explains how to identify the right type of hire for growth, what traits to look for, and how to set clear expectations and milestones for when they’re on board.

“Priorities should consist of building a growth technology stack, creating a testing roadmap to find the most effective growth levers, and robust creative and copywriting testing for the first 90 days.”

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

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