Daily Crunch: Musk wants to exit his $44 billion Twitter deal

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Flight-weary and post-COVID-tired, Hayje is back, joining Kristin to share some great tech news with you in this very newsletter. Also, rumors (and the calendar) suggest it could be Friday. If this almost unconfirmed rumor is actually true, then have an amazing weekend. — Christine as well as Hadje

Top TechCrunch…4

  • Friday News Dump Mask: We have prepared a newsletter, but, as is usually the case late Friday evening, there are some breaking news. And back to Elon Musk. CEO of many companies and apparent father of a new set of twins with the head of one of these companies, decided terminate the deal to buy Twitter. But twitter not really having it and said so in his one-paragraph, two-sentence response to the news. This is an evolving story, so stay tuned for the latest news.
  • Check, please: It’s such a well-done story Kyle it details the downfall of Butler Hospitality, which raised $50 million last year. She then ran into several issues that ended with the company essentially renting out the hotel’s kitchen facilities to others to operate as a ghost kitchen, laying off hundreds of people and failing to fulfill their obligations.
  • Well, isn’t it a shock to the senses: There can be many reasons why someone doesn’t invest in an electric car, but TimToday’s history suggests that the big problem is the lack of trust in the public charging infrastructure. This is actually a legitimate fear, because this 600-mile trip will end badly if there is no reliable and fast place to connect along the way.
  • The hunt for electric vehicle charging has begun: Where Tim’s story was about EV chargers in general, another big topic today was Jacquelinewho wrote that the White House wants to expand charging capabilities and that Elon Musk is doing this by working on expanding Tesla’s Supercharger network.

Startups and VK

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Coalition, a San Francisco-based startup that combines cyber insurance and proactive cybersecurity tools, is gearing up to expand outside the US for the first time. after the $250 million Series F mega round which brings his valuation to a whopping $5 billion, Carly reports.

We also especially enjoyed the interview Connie did with Jess Lee of Sequoia Capital, regarding their new Arc program and whether it competes with Y Combinator. “We’re really looking for founders who want to create long-term, transformational, category-defining companies…that will enter a new market. We’re not excluding anyone, but it’s more about the scale of the ambition,” Lee shares.

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Our money is not shaking shaking, but folded:

The Art of the Reversal: Work closely with investors to improve your odds

Image of a red line passing between red obstacles;  rotate

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

In her latest post on TC+, we asked veteran investor Marjorie Radlo-Zandi to share her guide to helping aspiring founders run their companies through a pivot.

Changing direction is a big undertaking, but it breaks down the process into several steps that will help entrepreneurs garner investor (and employee) support.

“There is nothing to be ashamed of in turning,” writes Radlo-Zandi. On the contrary, it is a sign of strength.

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

Big Tech Inc.

First we will focus on the history Taylor collected about this afternoon Congressional investigation into period tracking apps and related data. With the abolition of Row, There are concerns that such data may pose a threat to those seeking reproductive assistance.

We can sum up today’s – well, technically late yesterday – big tech news in three words: Twitter, cars, yacht. Not to be confused with the gym, tanning, laundry.

Amanda reported on Twitter takes aim at its talent scouting team by laying off 30% of that workforce. The company declined to go into details, so we don’t know exactly how many people it is, but it’s safe to say that Twitter jobs won’t be filled for some time. If that’s not enough with Twitter, Taylor follows a report proposing Elon Musk is no longer interested in buying the company.

But wait, there’s more:

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