You might have noticed that The Daily Crunch is publishing about six hours later than usual. Do not be alarmed! We chose that sending the newsletter later on in the day was a much better fit for the TechCrunch news cycle — hopefully, there will be fewer days when we hit Publish and after that groan when we see a huge story break five minutes later.
We’re also seizing the day to reconsider the newsletter format. The objective hasn’t changed– the goal is to provide the day’s big tech headings in an email that you can read in simply a number of minutes. We know that different readers are focused on various locations of TechCrunch’s protection, so moving forward, The Daily Crunch will be organized to make it easier to find the news that interests you.
Without more ado: Here’s your Daily Crunch for July 6, 2020.
The huge story: Uber confirms Postmates acquisition The reports recently were true: Uber announced today that it’s obtaining Postmates in an all-stock offer worth$2.65 billion. It appears like the dining establishment delivery market is consolidating– Uber formerly tried to get Grubhub, which wound up selling to the European business Simply Eat Takeaway instead. The company stated Postmates will continue to operate as a standalone app, however tech and shipment operations will be consolidated. Alex Wilhelm took a close appearance
at Uber’s finances to help Bonus Crunch readers comprehend why the business’s stock is up today, arguing that the acquisition could assist Uber Consumes “grow more quickly while bringing down its losses as a percent of earnings.”The tech giants US tech giants stop Hong Kong authorities help– After the Chinese federal government has passed
security law weakening protections for Hong Kong, both Facebook and Twitter said that they will no longer procedure demands for user information from Hong Kong authorities.(In Facebook’s case, this likewise applies to WhatsApp. )
Instagram Reels tested in India following TikTok’s ban— Instagram might be benefiting from India’s choice to prohibit TikTok by expanding its Reels feature, which permits users to develop 15-second videos set to music.
Intel to invest$253.5 million in India’s Reliance Jio Platforms— Intel signs up with General Atlantic, Facebook and Silver Lake as a financier in India’s top telecom operator.
Startups, financing and venture capital
Here’s a list of tech business that the SBA states took PPP cash— Bolt Mobility, Getaround, Luminar, Stackin, TuSimple and Velodyne all took loans of $150,000 or more from the Paycheck Protection Program, according to the U.S. Treasury Department. But confusingly, a few of the companies on the list (consisting of Bird and Index) rejected taking any loans.
Sequoia announces $1.35 billion venture and development funds for India and Southeast Asia— Sequoia Capital India made more than 50 financial investments in India in 2015, putting it ahead of any other VC company in the country.
Payfazz gets $53 million to offer more Indonesians access to financial services— This Indonesian start-up offers a variety of mobile financial services, including costs payments and loans.
Suggestions and analysis from Additional Crunch
Four views: Is edtech changing how we discover?— Devin Coldewey, Natasha Mascarenhas, Alex Wilhelm and Danny Crichton have ideas about whether digital knowing can make quality education more available, or will merely broaden existing divides.
As COVID-19 surges, 3D printing is having a minute— 3D printing has fallen out of the spotlight over the past couple of years, but the COVID-19 pandemic has changed all that.
(Reminder: Extra Crunch is our subscription membership program, designed to democratize details about start-ups. You can register here.)
‘Hamilton’provides Disney+ a holiday weekend bump in United States, with app downloads up 74%— That’s according to information from Apptopia.
Initial Material podcast: ‘Eurovision Song Contest: The Story of Fire Saga’ is a wacky delight— Each week, Darrell Etherington, Jordan Crook and I evaluate the most recent streaming movies and programs in a freewheeling conversation. In this episode, we were all happily shocked by the brand-new Will Ferrell movie on Netflix.
The Daily Crunch is TechCrunch’s roundup of our biggest and crucial stories. If you ‘d like to get this provided to your inbox every day at around 3pm Pacific, you can subscribe here.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.