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Tag Archives: TechCrunch
EU to investigate Delivery Hero and Glovo over food delivery cartel concerns
The EC has announced an investigation into Berlin-based food delivery giant Delivery Hero and its Spanish subsidiary, Glovo, citing cartel concerns. © 2024 TechCrunch. All rights reserved. For personal use only.
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Grab acquires Singapore’s restaurant reservation platform Chope
Singapore’s ride-hailing and food delivery company Grab is expanding its services beyond ride and food delivery by doubling down on the competitive restaurant booking industry in Southeast Asia. Grab confirmed to TechCrunch that it acquired a Singapore-based dining reservation platform, … Continue reading
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GM’s Cruise abandons Origin robotaxi, takes $583 million charge
GM’s self-driving car subsidiary Cruise is scrapping plans to build the Origin — a purpose-built robotaxi with no steering wheel or pedals — and will instead use the next-generation Chevrolet Bolt in its operations. GM Chair and CEO Mary Barra … Continue reading
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Hackers shut down heating in Ukrainian city with malware, researchers say
Cybersecurity firm Dragos and Ukrainian authorities found a cyberattack targeting critical infrastructure in Lviv. © 2024 TechCrunch. All rights reserved. For personal use only.
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Telegram’s userbase climbs to 950M, plans to launch app store
Messaging app Telegram has reached 950M active users, and it aims to cross the 1 billion mark this year, founder Pavel Durov said. © 2024 TechCrunch. All rights reserved. For personal use only.
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India scraps ‘angel tax’ in boost to startups
India’s federal government has removed the controversial “angel tax” for all classes of investors, delivering a major victory to the country’s startup ecosystem that had lobbied for years against the measure. “To bolster the India startup ecosystem, to boost entrepreneurial … Continue reading
Kakao founder arrested over alleged market manipulation
Brian Kim, the founder of South Korean internet giant Kakao, was arrested Tuesday on allegations of stock price manipulation related to the company’s takeover of K-pop agency SM Entertainment in 2023. The Seoul Southern District Court said on Tuesday that … Continue reading
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Wiz walks away from Google’s $23B acquisition offer: Read the CEO’s note to employees
Cybersecurity startup Wiz has turned down a $23 billion acquisition offer from Alphabet, Google’s parent company, according to a source familiar with discussions. Despite the offer representing a substantial premium over its last private valuation of $12 billion, Wiz’s management … Continue reading
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Monarch Tractor CEO says $133M raise will help it escape ‘quite a challenging time’
Monarch Tractor was in a tricky spot late last year as the autonomous electric tractor startup juggled growth and an uncertain fundraising environment. Now, with $133 million in new funds, CEO Praveen Penmetsa tells TechCrunch that the startup is plowing … Continue reading
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TechCrunch Space: SpaceX’s big plans to bring the ISS back to Earth
Hello and welcome back to TechCrunch Space. Before we begin, a quick note: I write this newsletter on Friday and it gets delivered to you on Monday. So if I neglect to mention a world-historical event that happens over the … Continue reading
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