Daily Crunch - Apple beats Q3 expectations

TechCrunch Newsletter

Thursday, July 30, 2020 • By Anthony Ha

Apple has a strong quarter despite coronavirus, Impossible Foods is coming to Walmart and NASA launches a new Mars rover. Here’s your Daily Crunch for July 30, 2020.

The big story: Apple beats Q3 expectations Apple’s latest earning report suggests that the company is thriving despite COVID-19, with revenue of $59.69 billion in the third quarter of its fiscal year. That’s significantly higher than the $52.25 billion expected by analysts, and it reflects 11% growth year over year. This isn’t the first time Apple has reported earnings since coronavirus became a part of our lives, but Q3 was its first quarter to occur entirely during the pandemic. The company also announced a four-for-one stock split scheduled for the end of August, through which Apple investors will receive three more shares for each share they already own, with single shares becoming correspondingly more affordable. Read more Image Credits: Bloomberg / Getty Images

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The tech giants Amazon says police demands for customer data have gone up — The figures show that in the first half of 2020, Amazon received 23% more subpoenas and search warrants compared to the first half of 2019. PayPal and Venmo QR Code checkout is coming to 8,200 CVS stores in Q4 — CVS will become the first nationwide retailer to allow customers to pay using either their PayPal or Venmo QR code at the register, without fees. Google is making autofill on Chrome for mobile more secure — The new autofill experience on mobile will use biometric authentication for credit card transactions. Image Credits: Bloomberg / Getty Images

Startups, funding and venture capital Impossible Foods starts selling in Walmart and expands distribution of its new sausage product — Impossible Foods will now be available at more than 2,000 Walmart stores across the country. Rocket launch startup Astra readies for orbital test flight as early as Sunday — The startup only incorporated three years ago, and it's building its rockets in Alameda, California. We've updated The TechCrunch List with 116 new VCs ready to write first and lead checks into startups — Thanks to reader response and recommendations, the list keeps growing! Image Credits: Dani Padgett / Dani Padgett for Strictly VC under a license.

Advice and analysis from Extra Crunch Six leading investors assess the remote-work startup landscape — In our latest VC survey, we try to understand if SaaS fatigue is real and where open-space still exists in the remote-work world. Four keys to building your startup — Insights from Sequoia’s Jess Lee, Initialized’s Garry Tan, Floodgate’s Ann Miura-Ko and Neo’s Ali Partovi. Jesus, SaaS and digital tithing — Part 1 of a series on “church tech.” (Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here.) Image Credits: Imam Fathoni / Getty Images

Everything else NASA successfully launches its Mars 2020 Perseverance rover using an Atlas V rocket — The Perseverance rover is equipped with sensors specifically designed to help it find evidence of ancient, microbiotic life on Mars. CBS All Access adds 3,500 new episodes before rebranding in 2021 — ViacomCBS had previously announced plans to launch an expanded and rebranded version of CBS All Access this summer, to better compete against streaming offerings like Disney+ and HBO Max. Just 48 hours left on early-bird passes to Disrupt 2020 — Less than 48 hours now! Image Credits: NASA

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Daily Crunch - Tech CEOs face Congress

TechCrunch Newsletter

Wednesday, July 29, 2020 • By Anthony Ha

U.S. tech giants face antitrust scrutiny, Spotify has a mixed quarter and at-home fitness startup Tempo raises funding. This is your Daily Crunch for July 29, 2020. P.S. Yep, I’m back from vacation. Thanks to Darrell Etherington for filling in!

The big story: Tech CEOs face Congress Amazon’s Jeff Bezos, Apple’s Tim Cook, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai all appeared remotely this afternoon before the House Judiciary Antitrust Subcommittee. Different representatives seemed to focused on very different issues: Republicans repeatedly returned to the question of whether the large tech platforms are suppressing conservative viewpoints, while Democrats seemed more concerned about potentially anticompetitive behavior. For example, citing newly revealed emails sent by Zuckerberg to other Facebook executives, Rep. Jerry Nadler declared, “Facebook saw Instagram as a powerful threat that could siphon business away from Facebook so rather than compete with it, Facebook bought it.” And Rep. Val Demings (like Nadler, a Democrat) suggested that Google was responsible for “effectively destroying anonymity on the internet.” Read more Image Credits: Graeme Jennings-Pool / Getty Images

Top 5 ways a CX partner can help in a post-COVID-19 world Sponsored by TTEC It's challenging for digital-first brands to stand out today. To cut through the noise, experts urge startups to leverage CX partners to help scale, build brand loyalty, deliver CX that will mystify copycats, and disrupt in an already disrupted world. Read more

The tech giants Spotify users are streaming again, but ad revenues still suffer due to COVID crisis — In its latest earnings report, Spotify said it grew its active monthly users by 29%, reaching 299 million. Google One now offers free phone backups up to 15GB on Android and iOS — Google One is Google's subscription program for buying additional storage and live support, and it’s getting an update. Samsung reportedly considering a Google deal that would deprioritize Bixby — That’s according to Reuters. Image Credits: Getty Images

Startups, funding and venture capital Mirror competitor Tempo raises a $60M Series B — The news comes almost exactly a month after Mirror, one of the San Francisco-based company's chief competitors, was acquired by fitness brand Lululemon for $500 million. Remitly raises $85M at a $1.5B valuation, says money transfer business has surged — CEO Matt Oppenheimer told us that customer growth has increased by 200% compared to a year ago. LA's consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs — Joymode's founder Joe Fernandez will continue on as an advisor to the startup as it moves to pivot its business to focus on retail partnerships. Image Credits: Tempo

Advice and analysis from Extra Crunch How to time your Series A fundraise — At our Early Stage event last week, Emergence Capital’s Jake Saper said that finding the right time to fundraise requires a micro- and macro-level strategy. Investment in AI startups slips to three-year low — A new report from CB Insights shows historically strong but declining investing rates for AI startups. Where is voice tech going? — One of the biggest stories in emerging technology is the growth of different types of voice assistants. (Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here.) Image Credits: Talaj / Getty Images

Everything else Walmart launches its own voice assistant, 'Ask Sam,' initially for employee use — The tool allows Walmart employees to look up prices, access store maps, find products, view sales information, check email and more. The Hummer EV is shaping up to be GM's electric answer to the Ford Bronco and Tesla Cybertruck — GM just released its first look at the vehicle, which was announced pre-COVID, at the Super Bowl. Image Credits: Walmart

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Daily Crunch - Get a look inside the first dedicated tourist spaceship

TechCrunch Newsletter

Tuesday, July 28, 2020 • By Darrell Etherington

We get our first look inside the first suborbital tourist spacecraft, GoPro is looking to change things up by selling lifestyle goods and it’s congressional antitrust-hearing eve. This is your Daily Crunch for July 28, 2020.

The big story: What does a tourist spaceship look like? Virgin Galactic is probably around two or three more flights from starting to take private, paying astronauts to space, and it has now revealed the interior cabin of the spaceship that those astronauts have paid top dollar to fly aboard. You might think that space itself is the big draw — and it is — but Virgin has clearly pulled out all the stops to ensure that the astronauts who are spending the cash get a premium ride in terms of style and comfort. Read more Image Credits: Virgin Galactic

Hear the CIO of Zoom detail unique product stories at RESOLVE Sponsored by Wix Answers On August 20th, the CIO of Zoom will discuss the future of work while navigating incredible product use-case stories. Learn how leading CX experts, influencers, and more foresee the evolution of customer support. Read more

The tech giants Tomorrow is the big day for the CEOs of Apple, Google, Amazon and Facebook. Taylor tells you what to expect from this all-star tech executive congressional antitrust field day. GitHub now offers a public roadmap. Whenever you’re reliant on a larger technology product, knowing what’s coming next in terms of technical developments and new features for said technology can be massively helpful — especially at enterprise scale. GitHub is going to make public what’s coming next to try to help people out with that. Twitter puts the screws to Donald Trump Jr.’s Twitter account. Because he was being a COVIDiot and publishing misinformation, which is explicitly against their rules. Sorry Junior. GoPro now sells bags. Like lifestyle bags, not bags to hold your action cameras. Well I guess they can still hold your action cameras. You know what I mean. Image Credits: David Paul Morris/Bloomberg / Getty Images

Startups, funding and venture capital YC Demo Day will be both virtual and live-streamed. It was virtual last time, but not live, with all pitches pre-recorded. Feedback YC received from founders was that the pressure of a live demo day was good for bonding, and investors preferred it as well, so this time it’s a Zoom-streamed affair. Paragon lands $2.5 million seed round for low-code integration platform. App integrations are complex, but Paragon is still managing to handle it in the very en-vogue low-code manner that people love so much these days. Nanox raises $59 million for medical scanning tech. What comes after x-rays? Nanox is betting on its full body scanners, which have earned it another $59 million on the heels of $51 million previously raised for this round.

Advice and analysis from Extra Crunch How to get acquired with Priti Youssef Choksi. A good exit is hard to find, but Norwest Venture Partners’ Choksi has seen a few — including during corporate development roles at both Google and Facebook. She provided founder-centric advice on how to secure a good acquisition for your company at our Early Stage event. Garry Tan on how founders screw up their own companies. Also at Early Stage, Tan shared three ways that founders most often bungle their own startups — pitfalls that once you know about them, should be avoidable. What’s up with the Rackspace and BigCommerce IPO prices? Alex digs into why the companies appear undervalued in terms of overall valuation after their public debuts, given their revenue numbers. (Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here.) Image Credits: dem10 / Getty Images

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