Daily Crunch: Peloton CEO to shareholders: ‘Recovery is hard work’

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Today is Tuesday, May 10, and the end of an era, how Apple is officially ditching the iPod after a 20-year run of waving our ears, the white earphones dangled against the bright background. – Christine and Hadje

TechCrunch Top 3

  • Tough Peloton Ride: For a bike that’s no good, Peloton’s failure to meet its first-quarter revenue estimate puts the company on a downward trajectory. We are now watching CEO Barry McCarthy lead his team to turn the red stick to the right, rise from the saddle and steer the Peloton into a course correction.
  • IBM takes off his hat: In Red Hat, of course. Ron gave us an inside look at how the company has been doing since joining IBM in 2018 – really good as far as we can tell – with Red Hat giving IBM “some trust in the cloud that it lacked” and one of the reasons by which IBM did well in its first quarter earnings.
  • bitcoin goodbye: Jacqueline spoke to some crypto experts in an attempt to understand the decline in the value of Bitcoin, which at the time was down over 50% from its November 2021 peak. It looks like a complicated mess with a lot of flying abbreviations. So much so that even investors in China (remember, this is a banned cryptocurrency) who have found a way to buy and sell tokens are watching closely.

Startups and VK

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It’s a hardware feast in this news cycle on Ye Olde TechCrunch: DJI has released its entry-level quadcopter for under $700.. wonderful raised round of funding for your electronic notebook according to the unicorn, and team behind viral sensation IkeaBot raises $4 million for further development of the Eureka controller.

We liked this piece Connie about the founder of the shoe company Bonobos Andy Dunn and his work to destigmatize mental health issuestalking about his “secret battle” against bipolar disorder.

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Moar News:

BNPL in 2022: 4 fintech investors discuss regulation, trends and ways to stand out

The hourglass projects the dollar sign as a shadow.

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

Around the world, sluggish wage growth and rising inflation are encouraging shoppers to delay paying for everything from groceries to durables.

Affirm, Afterpay and Klarna own 75% of the US sector, leaving little room for startups hoping to join the fray. Founders who target emerging markets like Latin America and India may find it easier, but only if their products and services are clearly differentiated.

To learn more about the state of the industry, Karan Bhasin interviewed four fintech investors:

  • Francis Schweep, Partner, Two Sigma Ventures
  • Melissa Gyuzi, co-founder and managing partner of Arbor Ventures
  • Jonathan Whittle, co-founder and partner of Quona Capital
  • Jason Brown, Partner, Victory Park Capital

In addition to sharing their direct advice for fintech founders, they talked about fraud and default risk management, the growing popularity of BNPL as a point-of-sale option, and what investment opportunities they are looking for.

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

Big Tech Inc.

Looks like the EU commissioner for the internal market Thierry Breton had a good day yesterday, hoping to cross a few things off his wish list, including meeting Elon Musk and essentially getting his approval for the EU Digital Services Act, which aims to provide additional governance rules regarding “content harmonization” and consumer protection. and the imposition of fines on those who violate them. . Meanwhile, UK advances its data reform bill targeting big tech.

More news from Tuesday:

  • Nintendo shared a new milestone today – more than 100 million playing users a year. That’s a lot of Super Mario Bros. games. simultaneously. Oh wait, we’re behind the times; perhaps a better word would be Splatoon.
  • The United States and some of its allies decided formally accuse Russia of cyberattack on Viasat what happened in February.
  • Salesforce acquired Troops.aiwhich will become part of Slack and will create several Slack bots for sales teams to make it easier to get and update data.
  • Parent company of Tinder, Match and OkCupid sues Google, claiming that the company was trying to maintain a monopoly on how people pay through the Google Play app marketplace. We think the language of the lawsuit speaks for itself: “Ten years ago Match Group partnered with Google. Now we are his hostages.”
  • While Google is doing this, it is also joining Microsoft, Yahoo and others to provide support for proposed New York City bill to ban the use of controversial search warrants. If passed, New York would be the first state to ban something that Zach “So-called geofence and keyword search warrants have been reported that rely on technology companies requiring them to hand over data about users who were near a crime scene or searched for specific keywords at a specific point in time.”

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