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Yale may have just turned institutional investing on its head with a new diversity edict

It could be the long-awaited turning point in the world of venture capital and beyond. Yale, whose $32 billion endowment has been led since 1985 by the legendary investor David Swensen, just let its 70 U.S. money managers across a variety of asset classes know that for the school, diversity has now moved front and […]

Posted on 24 October 2020 | 5:01 am

Facebook and Twitter CEOs to testify before Congress in November on how they handled the election

Shortly after voting to move forward with a pair of subpoenas, the Senate Judiciary Committee has reached an agreement that will see the CEOs of two major social platforms testify voluntarily in November. The hearing will be the second major congressional appearance by tech CEOs arranged this month. Twitter’s Jack Dorsey and Facebook’s Mark Zuckerberg […]

Posted on 23 October 2020 | 11:42 pm

The RIAA is coming for the YouTube downloaders

In ye olden days of piracy, RIAA takedown notices were a common thing — I received a few myself. But that’s mostly fallen off as tracking pirates has gotten more difficult. But the RIAA can still issue nastygrams — to the creators of software that could potentially be used to violate copyright, like YouTube downloaders. […]

Posted on 23 October 2020 | 10:39 pm

Daily Crunch: Uber and Lyft defeated again in court

A California court weighs in as Prop. 22 looms, Google removes popular apps over data collection practices and the Senate subpoenas Jack Dorsey and Mark Zuckerberg. This is your Daily Crunch for October 23, 2020. The big story: Uber and Lyft defeated again in court A California appeals court ruled that yes, a new state […]

Posted on 23 October 2020 | 10:13 pm

Deep Science: Alzheimer’s screening, forest-mapping drones, machine learning in space, more

Research papers come out far too rapidly for anyone to read them all, especially in the field of machine learning, which now affects (and produces papers in) practically every industry and company. This column aims to collect the most relevant recent discoveries and papers — particularly in but not limited to artificial intelligence — and […]

Posted on 23 October 2020 | 9:28 pm

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth […]

Posted on 23 October 2020 | 8:58 pm

The short, strange life of Quibi

“All that is left now is to offer a profound apology for disappointing you and, ultimately, for letting you down,” Jeffrey Katzenberg and Meg Whitman wrote, closing out an open letter posted to Medium. “We cannot thank you enough for being there with us, and for us, every step of the way.” With that, the […]

Posted on 23 October 2020 | 6:38 pm

OnePlus’s 8T handset brings faster charging and a 120Hz display for $749 

OnePlus continues its twice-yearly smartphone cycle with today’s arrival of the 8T. The latest device isn’t a huge upgrade over April’s OnePlus 8, but continues the company’s longstanding tradition of offering some of the most solid Android handsets at a reasonable price point. The cost has edged up a bit in recent years, but $749 […]

Posted on 23 October 2020 | 6:32 pm

CA appeals court upholds ruling that Uber and Lyft must classify drivers as employees

Uber and Lyft must classify their drivers as employees, an appellate court ruled yesterday evening. However, the decision will be stayed for 30 days after the court issues the remittitur, which has not happened yet. That means depending on how ballot measure Proposition 22 goes, this case may not end up being the deciding factor […]

Posted on 23 October 2020 | 4:43 pm

Financial institutions can support COVID-19 crowdfunding campaigns

Financial institutions must lend their vast expertise, knowledge, and resources to these worthy causes; after all, we are all in this together.

Posted on 23 October 2020 | 4:15 pm

mmhmm, Phil Libin’s new startup, acquires Memix to add enhanced filters to its video presentation toolkit

Virtual meetings are a fundamental part of how we interact with each other these days, but even when (if!?) we find better ways to mitigate the effects of COVID-19, many think that they will be here to stay. That means there is an opportunity out there to improve how they work — because let’s face […]

Posted on 23 October 2020 | 3:57 pm

Calling Brussels VCs: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major new project to survey the venture capital investors of Europe, and their cities. Our survey of VCs in Brussels will capture how the city is faring, and what changes are being wrought amongst investors by the coronavirus pandemic. (Please note, if you have filled out the survey already, there […]

Posted on 23 October 2020 | 2:50 pm

Here’s how fast a few dozen startups grew in Q3 2020

Earlier this week I asked startups to share their Q3 growth metrics and whether they were performing ahead or behind of their yearly goals. Lots of companies responded. More than I could have anticipated, frankly. Instead of merely giving me a few data points to learn from, The Exchange wound up collecting sheafs of interesting […]

Posted on 23 October 2020 | 2:00 pm

Google removes 3 Android apps for children, with 20M+ downloads between them, over data collection violations

When it comes to apps, Android leads the pack with nearly 3 million apps in its official Google Play store. The sheer volume also means that sometimes iffy apps slip through the cracks. Researchers at the International Digital Accountability Council (IDAC), a nonprofit watchdog based out of Boston, found that a trio of popular and […]

Posted on 23 October 2020 | 1:00 pm

Huawei reports slowing growth as its operations ‘face significant challenges’

Huawei announced earnings results today showing that its growth has slowed significantly this year as the Chinese telecom equipment and smartphone giant said its “production and operations face significant challenges.” While Huawei did not specify trade restrictions in its brief announcement, the company has been hit with a series of commercial trade restrictions by the […]

Posted on 23 October 2020 | 7:03 am

Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space

Lunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. The injection of capital follows a €20 million Series B disclosed in April this year and comes on the back […]

Posted on 23 October 2020 | 7:00 am

France rebrands contact-tracing app in an effort to boost downloads

Don’t call it StopCovid anymore. France’s contact-tracing app has been updated and is now called TousAntiCovid, which means “everyone against Covid”. The French government is trying to pivot so that it’s no longer a contact-tracing app — or at least not just a contact-tracing app. Right now, TousAntiCovid appears to be a rebranding more than […]

Posted on 23 October 2020 | 6:10 am

India’s Flipkart buys $204 million stake in Aditya Birla Fashion and Retail

Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes a further push into the apparel category in one of the world’s largest retail markets. The e-commerce group will pay $203.8 million for its stake in Aditya Birla Fashion and Retail, a conglomerate that operates over 3,000 stores, […]

Posted on 23 October 2020 | 5:41 am

Senate subpoenas could force Zuckerberg and Dorsey to testify on New York Post controversy

The Senate Judiciary Committee voted in favor of issuing subpoenas for Facebook’s Mark Zuckerberg and Twitter’s Jack Dorsey Thursday, meaning that there might be two big tech CEO hearings on the horizon. Republicans in the committee declared their interest in a hearing on “the platforms’ censorship of New York Post articles” after social networks limited […]

Posted on 22 October 2020 | 11:39 pm

Representatives propose bill limiting presidential internet ‘kill switch’

A pair of U.S. Representatives — one from each party — are proposing a law that would limit the president’s ability to shut down the internet at will. That may not strike you as an imminent threat, but federal police disappearing protestors into unmarked vans probably didn’t either, until a couple months ago. Let’s keep […]

Posted on 22 October 2020 | 11:31 pm