Each day Crunch: Musk’s Twitter buy plan calls for brand new CEO, monetization methods, job cuts

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Friday, extra like Fri-yay! It’s April 29, 2022, we’re right here with the most recent headlines, however truthfully our brains are principally centered on all of the hardcore enjoyable we’re going to have this weekend. Like doing laundry, napping, enjoying with our pets, studying a guide for some time and sleeping in. I do know, we’re previous and boring, take care of it. — Christine and Haje

The TechCrunch High 3

  • Promoting Tesla, getting a fairly tweet deal: Everybody’s favourite social media-acquiring billionaire is selling $4 billion worth of Tesla stock and supposedly has a new Twitter CEO lined up. He additionally shared that he has the beginnings of a plan for the best way to monetize tweets.
  • Wait, corporations must generate income? Robinhood’s stock price is going off a cliff as competitors will get stiff and its enterprise mannequin is an increasing number of skew-whiff.
  • Home is where the benefits are: Airbnb staff obtained a enjoyable shock this week when the corporate instructed staff it was instituting a “dwell anyplace, work anyplace” philosophy. Need to work within the workplace? You bought it. Need to maintain working from residence? No drawback. Need to transfer to a international nation and work from there? Sure, however solely as much as 90 days yearly. We guess even that they had to attract a line someplace.

Startups and VC

Civilian drone producer DJI and the Ukrainian and Russian governments proceed their spat. Most not too long ago, DJI suspends sales in Ukraine and Russia in an obvious try to look extra impartial.

We have been significantly enthralled this morning by Jim Motavalli’s function article about bidirectional charging. In different phrases: If the facility goes out, what does it take to power your house from your car’s batteries?

Johnny’s within the basement, mixin’ up the drugs, I’m on the pavement, studying information with wonderment:

  • They develop up so quick: That feeling once you actually need to plow some money right into a startup, however they’re just a bit bit too younger? Yeah, Techstars hates that too, and it debuts a new fund aimed toward investing in earlier-stage corporations.
  • Do I appear like I do know what a JPEG is: Revise raises $3.5 million to give NFTs powers past simply being a fairly image.
  • The Recreation of Telephones: Vercom, who desires to be a competitor to the likes of Twilio and Sinch, acquires marketing automation MailerLite for $90 million.

Charged with billions in capital, meet the 9 startups creating tomorrow’s batteries at present

In his first TechCrunch+ article, Senior Local weather Author Tim De Chant examined 9 startups optimizing EV battery expertise which have collectively raised simply over $4 billion within the final 18 months.

Bettering tech like solid-state batteries, changing particular chemical parts and utilizing hybrid chemistries are just some of the methods startups are deploying to unlock advantages like lowering weight whereas rising vary and security.

“However vehicles and vans gained’t be the one factor touched by the battery revolution that’ll happen over the subsequent few years,” he writes.

“Like many advances, higher, lighter and longer-lasting batteries will drive modifications in our lives which might be each surprising and welcome.”

(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Huge Tech Inc.

We’re happening a little bit of a curler coaster journey by way of excellent news versus not, so maintain your palms and legs contained in the e-newsletter, and also you’ll be good.

  • Amazon’s crown is slipping: Within the kingdom of the general public cloud, we word that Amazon is an “undisputed king,” however Microsoft is poised to storm the fort. Amazon continues to carry courtroom, controlling a 3rd of the general public cloud for years, however Microsoft has been quietly amassing a public cloud military that now accounts for 22%, up from 20% final yr.
  • And Amazon’s earnings, not so good: Shares of the corporate have been right down to a two-year low on the information that the corporate reported a first-quarter loss attributed to “inflationary and provide chain pressures.”
  • Apple has a different earnings take: In at present’s fruit information, Apple reported some record-breaking companies income figures that elevated 17% from final yr to succeed in $19.8 billion. There are a number of causes for the nice quarter, together with selling a lot of iPhones, computers and watches.
  • Netflix made some layoffs: A few of Tudum’s editorial employees discovered themselves laid off yesterday. Tudum, you would possibly bear in mind, is Netflix’s in-house publication that solely began 5 months in the past. Whereas Netflix mentioned Tudum was not shutting down, it’s shifting ahead with out an editorial supervisor and not less than seven others.


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