Skip to main content

Daily Crunch: TikTok’s CEO resigns

Turmoil continues at TikTok, Salesforce lays off 1,000 people and Warby Parker is now valued at $3 billion. This is your Daily Crunch for August 27, 2020.

The big story: TikTok’s CEO resigns

Kevin Mayer, the former Disney executive who joined TikTok as CEO just over 100 days ago, announced yesterday that he’s resigning. While Mayer was likely brought on to reassure U.S. legislators about the app’s Chinese owners, it seems he wasn’t expecting this level of conflict, with President Donald Trump signing an executive order that would ban TikTok in the U.S. unless it’s sold to another company.

“We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision,” a TikTok spokesperson said in a statement. “We thank him for his time at the company and wish him well.”

As for which company might acquire TikTok, Walmart has confirmed that it’s interested in teaming up with Microsoft to acquire the popular video app.

The tech giants

Salesforce confirms it’s laying off around 1,000 people in spite of monster quarter — Salesforce says it’s “reallocating resources to position the company for continued growth.”

Google Assistant app now uses your searches to make personalized recommendations — Those recommendations could include podcasts, restaurants, recipes and more.

Facebook isn’t happy about Apple’s upcoming ad tracking restrictions — The company says Audience Network revenue could decline by more than 50%.

Startups, funding and venture capital

Warby Parker, valued at $3 billion, raises $245 million in funding — The eyewear startup has launched a telehealth service for New York customers, allowing them to extend an existing glasses or contacts prescription.

Instacart faces lawsuit from DC attorney general over ‘deceptive’ service fees — The suit alleges that Instacart misled customers into thinking the 10% service fee was a tip for the delivery person.

Narrative raises $8.5 million as it launches a new data marketplace — The goal is to make buying data as easy as buying something on Amazon.

Advice and analysis from Extra Crunch

Alexa von Tobel: Eliminating risk is the key to building a startup during an economic downturn — Von Tobel says that one of the most important exercises in forming LearnVest was writing out a business plan.

To reach scale, Juni Learning is building a full-stack edtech experience — The startup’s path to $10 million in annual recurring revenue is inspired by Peloton, not Kumon.

What can growth marketers learn from lean product development? — Andrea Fryrear argues that marketers should begin creating minimum viable campaigns.

(Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here.)

Everything else

A faster, easier, cheaper way of going public — The latest episode of Equity discusses direct listings and SPACs.

Here’s how you can get a second shot at Startup Battlefield — Your second chance comes in the form of two Wild Card entries for the upcoming Battlefield at Disrupt.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.



from Mobile – TechCrunch https://ift.tt/31wZ8Kj
Labels:

Comments

Post a Comment

Popular posts from this blog

Mother's Day 2020 gift ideas: 18 gadgets and gizmos for tech-savvy Aussie mums

Raising a family is not an easy job, and the women who care for us each and every day deserve to be told how special they are each and every day. While we tend to forget to do that, Mother’s Day reminds us we need to celebrate the women in our lives, whether they’re our own mothers or our wives and partners helping us raise the young ones. Mother’s Day 2020 is fast approaching (with under two weeks to go), and there’s a pretty good chance you won’t be able to take her out to her favourite restaurant this year, or even get to a store to shop for something she might like. So we have to get creative, and TechRadar’s Australian team has put together this little list of great tech gift ideas that you can buy online and have delivered in time for May 10. But you will need to get a wriggle on as delivery supply chains are under strain with more people shopping online. Whether she’s a whiz in the kitchen, loves to cosy up with a book or entertain at home, we’ve got a gadget or gizmo that’s s
Post a Comment
Read more

Amazon Australia has specials on Bose products all this week

December may have just begun, but the world's largest online marketplace is already feeling the Christmas spirit.  To kick off the month’s festivities, Amazon Australia is celebrating  ‘7 Days of Deals’ with Bose's superb audio hardware discounted each day. To begin with, the very popular (and rightly so) Bose QuietComfort 35 II and the more expensive Bose Noise Cancelling Headphones 700 are available for less. To sweeten the deal, Amazon will throw in an Echo speaker as a bonus as well. When you purchase the superb Bose Headphones 700, you will receive a free Amazon Echo Show 5, or if you’d prefer the Bose QuietComfort 35 II, you’ll receive a complimentary Echo Dot. The offer is valid until December 8, or while stocks last. You can buy the same bundles, for the same price if you make the purchase via the Echo Dot or the Echo Show 5 product pages on Amazon. Just make sure you select the bundled headphone in the 'add other items' section on the right. Best noi
Post a Comment
Read more

Valentine's Day flowers: the best online flower delivery services

February 14 will be here before you know it, and if you, like many others, are searching for that perfect gift, then placing an online order for Valentine's Day flowers is always an easy and romantic option. You can order a beautiful floral arrangement in minutes from a variety of online retailers, including; 1-800-Flowers, Amazon, ProFlowers, Teleflora, and many more. To help you sort through all the Valentine's Day offers, we've rounded up the best online flower delivery services in both the USA and the UK and listed their current promotions. We've also included delivery charges and made sure to mention if you can allocate specific days for delivery. There's a fantastic range of bouquets and gifts available from our selection of florists below, and online delivery from a specialist means you don't have to worry about the usual hassle of buying from a store and getting them home safely. We'll be updating this page as we get closer to the big day so you
Post a Comment
Read more