Startups

Elon Musk buying Twitter after all, the ‘next Mark Zuckerberg’ and fare thee well, Stadia

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Elon Musk buys Twitter
Image Credits: Saul Martinez / Getty Images

Hi all! Welcome back to Week in Review, the newsletter where we quickly sum up some of the most read TechCrunch stories from the past seven days. The goal? Even when you’re swamped, a quick skim of WiR on Saturday morning should give you a pretty good understanding of what happened in tech this week.

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Stadia’s death: Devin opined on the recent Stadia shutdown, saying the shocking demise of the gaming service was the fault of one entity alone: Google. He writes: “No one trusts Google. It has exhibited such poor understanding of what people want, need and will pay for that at this point, people are wary of investing in even its more popular products.”

This Week in Elon Musk: First he stepped in it when he waded into the Russia-Ukraine war with his version of a peace plan that Connie characterized as not very well-received. And then he finally said he’d buy Twitter after all. Twitter told us that the “Musk parties” sent them a letter expressing the billionaire’s intention to go through with the purchase, provided the trial between the two, which was scheduled to start October 17, did not take place. As Taylor and Harri said in their story, however, “given Musk’s chaotic nature, it’s possible that another wrench could be thrown into the works.”

Fizz to the “next Mark Zuckerberg”: An app created by former Stanford students to limit social isolation across college campuses received a $4.5 million round this week. The founder, a Stanford dropout, “set out to build an app by college students, for college students, seeking to help his fellow classmates feel less lonely and form meaningful connections on campus.”

Google on your Lock Screen: iOS 16 users aren’t limited only to Apple widgets on their new Lock Screens. Google made good on its promise to make its apps available as widgets for quick access. Gmail, Google News, Drive and Chrome are now available, with Search and Apps coming.

Search in fashion: South Korean search company Naver said it plans to purchase apparel marketplace Poshmark for $1.2 billion in cash.

Edu breach: In what appears to be the largest education breach in a while, hackers released a cache of data stolen during a cyberattack against the Los Angeles Unified School District.

audio roundup

Didn’t have time to tune in to all of TechCrunch’s podcasts this week? Here’s what you might’ve missed:

  • For Found this week, we rereleased an episode on delivering remote abortion care with Kiki Freedman from Hey Jane. She also tells us about how her experience at Uber informed her founder mentality and how the startup hopes to change the healthcare industry.
  • Chain Reaction connected with Edward Saatchi, an expert in the web3 space and the founder of The Culture DAO and Fable who discussed how emerging technologies can enable new forms of storytelling and how sectors like crypto and AI are changing what the metaverse might look like.
  • Amanda joined Alex this week on the Wednesday episode of Equity to chat about the creator economy.
  • On The TC Podcast, Haje Jan Kamps, stepping in for Darrell Etherington, talks with Dominic-Madori Davis about how conservative VCs are shaping the startup landscape and, by extension, the world. He also talked with Taylor Hatmaker about all things Elon.
  • And check out the TechCrunch Live podcast, which is the audio version of our weekly TechCrunch Live show. This week, hear how Mammoth Biosciences Trevor Martin attracted the best partners to form the company, including Mayfield partner Ursheet Parikh, who wrote an early funding check. Step one? It starts with the vision and mission.

techcrunch+

What hides behind the TechCrunch+ paywall? Lots of really great stuff! It’s where we get to step away from the unrelenting news cycle and go a bit deeper on the stuff you tell us you like most. The most-read TC+ stuff this week?

Five key IP considerations for AI startups: Early-stage startups are creating new AI-based solutions but might not know whether the tech can be protected and the best way to do it. IP partner at law firm Foley & Lardner LLP, and senior counsel and IP lawyer at law firm Foley & Lardner LLP, provide guidance for young companies. 

Vori’s pitch deck: Haje brings you another pitch deck teardown, this time from Vori, which raised to a $10 million Series A. Want your pitch deck featured on TC+? Here’s more information. Also, check out all our Pitch Deck Teardowns and other pitching advice, all collected in one handy place for you!

More TechCrunch

Another week, and another round of crazy cash injections and valuations emerged from the AI realm. DeepL, an AI language translation startup, raised $300 million on a $2 billion valuation;…

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If raised, this new fund, the firm’s third, would be its largest to date.

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About half a million patients have been notified so far, but the number of affected individuals is likely far higher.

US pharma giant Cencora says Americans’ health information stolen in data breach

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Featured Article

Signal’s Meredith Whittaker on the Telegram security clash and the “edge lords” at OpenAI 

Meredith Whittaker has had it with the “frat house” contingent of the tech industry. I sat down with the President of Signal at VivaTech in Paris to go over the wide range of serious, grown-up issues society is facing, from disinformation, to who controls AI, to the encroaching surveillance state. In the course of our…

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Signal’s Meredith Whittaker on the Telegram security clash and the “edge lords” at OpenAI 

Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this…

Lucid Motors slashes 400 jobs ahead of crucial SUV launch

Google is investing nearly $350 million in Flipkart, becoming the latest high-profile name to back the Walmart-owned Indian e-commerce startup. The Android-maker will also provide Flipkart with cloud offerings as…

Google invests $350 million in Indian e-commerce giant Flipkart

A Jio Financial unit plans to purchase customer premises equipment and telecom gear worth $4.32 billion from Reliance Retail.

Jio Financial unit to buy $4.32B of telecom gear from Reliance Retail

Foursquare, the location-focused outfit that in 2020 merged with Factual, another location-focused outfit, is joining the parade of companies to make cuts to one of its biggest cost centers –…

Foursquare just laid off 105 employees

“Running with scissors is a cardio exercise that can increase your heart rate and require concentration and focus,” says Google’s new AI search feature. “Some say it can also improve…

Using memes, social media users have become red teams for half-baked AI features

The European Space Agency selected two companies on Wednesday to advance designs of a cargo spacecraft that could establish the continent’s first sovereign access to space.  The two awardees, major…

ESA prepares for the post-ISS era, selects The Exploration Company, Thales Alenia to develop cargo spacecraft

Expressable is a platform that offers one-on-one virtual sessions with speech language pathologists.

Expressable brings speech therapy into the home

The French Secretary of State for the Digital Economy as of this year, Marina Ferrari, revealed this year’s laureates during VivaTech week in Paris. According to its promoters, this fifth…

The biggest French startups in 2024 according to the French government

Spotify is notifying customers who purchased its Car Thing product that the devices will stop working after December 9, 2024. The company discontinued the device back in July 2022, but…

Spotify to shut off Car Thing for good, leading users to demand refunds

Elon Musk’s X is preparing to make “likes” private on the social network, in a change that could potentially confuse users over the difference between something they’ve favorited and something…

X should bring back stars, not hide ‘likes’

The FCC has proposed a $6 million fine for the scammer who used voice-cloning tech to impersonate President Biden in a series of illegal robocalls during a New Hampshire primary…

$6M fine for robocaller who used AI to clone Biden’s voice

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Is it…

Tesla lobbies for Elon and Kia taps into the GenAI hype

Crowdaa is an app that allows non-developers to easily create and release apps on the mobile store. 

App developer Crowdaa raises €1.2M and plans a US expansion

Back in 2019, Canva, the wildly successful design tool, introduced what the company was calling an enterprise product, but in reality it was more geared toward teams than fulfilling true…

Canva launches a proper enterprise product — and they mean it this time

TechCrunch Disrupt 2024 isn’t just an event for innovation; it’s a platform where your voice matters. With the Disrupt 2024 Audience Choice Program, you have the power to shape the…

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The United States Department of Justice and 30 state attorneys general filed a lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, for alleged monopolistic practices. Live Nation and…

Ticketmaster antitrust lawsuit could give new hope to ticketing startups

The U.K. will shortly get its own rulebook for Big Tech, after peers in the House of Lords agreed Thursday afternoon to pass the Digital Markets, Competition and Consumer bill…

‘Pro-competition’ rules for Big Tech make it through UK’s pre-election wash-up

Spotify’s addition of its AI DJ feature, which introduces personalized song selections to users, was the company’s first step into an AI future. Now, Spotify is developing an alternative version…

Spotify experiments with an AI DJ that speaks Spanish

Call Arc can help answer immediate and small questions, according to the company. 

Arc Search’s new Call Arc feature lets you ask questions by ‘making a phone call’

After multiple delays, Apple and the Paris area transportation authority rolled out support for Paris transit passes in Apple Wallet. It means that people can now use their iPhone or…

Paris transit passes now available in iPhone’s Wallet app

Redwood Materials, the battery recycling startup founded by former Tesla co-founder JB Straubel, will be recycling production scrap for batteries going into General Motors electric vehicles.  The company announced Thursday…

Redwood Materials is partnering with Ultium Cells to recycle GM’s EV battery scrap

A new startup called Auggie is aiming to give parents a single platform where they can shop for products and connect with each other. The company’s new app, which launched…

Auggie’s new app helps parents find community and shop

Andrej Safundzic, Alan Flores Lopez and Leo Mehr met in a class at Stanford focusing on ethics, public policy and technological change. Safundzic — speaking to TechCrunch — says that…

Lumos helps companies manage their employees’ identities — and access

Remark trains AI models on human product experts to create personas that can answer questions with the same style of their human counterparts.

Remark puts thousands of human product experts into AI form

ZeroPoint claims to have solved compression problems with hyper-fast, low-level memory compression that requires no real changes to the rest of the computing system.

ZeroPoint’s nanosecond-scale memory compression could tame power-hungry AI infrastructure