techcrunch

Seattle-based e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) will invest $1 billion in digitizing small- and medium-sized businesses in India, CEO Jeff Bezos announced Wednesday.  Bezos Visits India As Country Investigates Amazon, Flipkart  Bezos, who is on a three-day visit to...

Twitter Inc. (NYSE: TWTR) is rolling out a new feature to let users limit who can reply to their tweets on the social media platform. The company announced the update at the CES 2020 event in Las Vegas on Wednesday, TechCrunch reported. What Happened The users will be able to choose who...

Any mobile app developed in the Russian Federation poses a “potential counterintelligence threat” to the U.S., the Federal Bureau of Investigation told the Senate Democratic leader Chuck Schumer in a letter released on Monday. What Happened In the letter dated November 25, the...

The online sales on Black Friday hit a record of $7.4 billion this year, according to the 2019 Holiday Shopping Trends report by Adobe Inc (NASDAQ: ADBE). Record Sales The sales are up 19.6% compared to last year. The Black Friday sales fell slightly short of Adobe’s estimated $7.49...

Uber Technologies Inc.’s (NYSE: UBER) Chief Product Officer Manik Gupta is leaving the company, TechCrunch reported. What Happened To Gupta Gupta, who started as Senior Director Product of Maps and Marketplace in 2015 and was promoted to the Chief Product Officer position in 2018, will leave...

Live streaming platform Twitch has launched its new software Twitch Studio, TechCrunch reported on Tuesday. What Happened Twitch Studio intends to make it easier for new users to get started with live streaming on the platform, its website suggests.  The app will guide users...

Sweden-based VOI Technology raised $85 million in Series B funding, the company announced on Sunday. What Happened  The funding in the startup, which provides e-scooter sharing services across several European cities, was led by a Bermuda-based investment company Vostok New...

Deserve, a Silicon Valley startup providing credit cards to those excluded from traditional lending, raised $50 million in the latest funding, CNBC reported. What Happened The Series C funding round was led by Goldman Sachs Group Inc. (NYSE: GS). Other investors included SLM Corporation (NASDAQ:...

The electric vehicle manufacturer Tesla Inc (NASDAQ: TSLA) has started accepting orders for its China-made Model 3 car, Reuters reported on Friday. First Chinese Model Complete with the autopilot feature, the model’s price range starts from $50,330 (355,800 yuan) and is based on the...

Investors in SmileDirectClub Inc (NASDAQ: SDC) had a reason to grin Friday.  Shares in the home-teeth straightening company were starting to come back after getting hit badly by what appeared to be an overpriced opening on the stock’s first day on the market Thursday. The shares...

Uber Technologies Inc (NYSE: UBER) shares closed higher Tuesday after the ride-hailing company announced another round of layoffs.   Uber laid off 435 employees across its product and engineering teams Tuesday, representing roughly 8% of the organization. The decision comes shortly after...

Medtech platform SmileDirectClub, Inc. is seeking to raise between $1.11 billion and $1.29 billion through an IPO, according to an amendment to its preliminary prospectus. The company said in a Tuesday S-1/A filing that it intends to offer 58.537 million shares at an estimated...

Tesla Inc (NASDAQ: TSLA) is backing off from an effort to get a restraining order against a short seller, saying it doesn’t want to make public some audio and video recordings the court has requested for its decision on the request. What To Know Tesla claims short seller Randeep Hothi has...

Amazon.com, Inc. (NASDAQ: AMZN) is to shut down its Amazon Restaurants business in the U.S, according to Geekwire. “As of June 24th, we will discontinue the Amazon Restaurants business in the US,” an Amazon spokesperson said in a statement to  GeekWire. In November, Amazon...

After holding its viewership data cards close to its chest, Netflix (NASDAQ: NFLX) revealed some interesting numbers regarding some of its content. Romantic comedies were at the top of the Netflix best list for 2018, the company said in a December press release. The most-watched and...