Tuesday, January 9, 2018

GoPro's drone hopes sputter. It's The Daily Crunch.

THE DAILY CRUNCH
MONDAY, JANUARY 8 2018 By Darrell Etherington

It's CES! The show has started for media, though the official thing isn't kicking off until Tuesday. Anyways, it's extremely a lot and yet also virtually nothing all at once. We're here, follow it on TechCrunch.com. Meanwhile, here are the top tech stories for Monday, January 8, 2017 in The Daily Crunch.

1. GoPro confirms layoffs, drone division closure

GoPro is laying off over 250 people, the company confirmed today – something TechCrunch reported was happening earlier. The layoffs come mostly at the cost of GoPro's drone division, which is shutting down entirely.

The GoPro cuts prompted a huge sell-off of stock in the company, resulting in a drop that quickly reached and surpassed 24 percent early this morning, triggering a halt of share trading.

2. SpaceX launches first rocket in 2018

SpaceX has launched its first mission in 2018, after a record-breaking 2017. The payload was Zuma, a mystery spacecraft doing who knows what for a U.S. government client. Next up for SpaceX: Launching its huge Falcon Heavy for the first time.

3. Tile picks up new partners in Bose, Samsonite and more

Lost item Bluetooth tracking company Tile has a number of partners on the hardware side that allow it to incorporate its tech in a range of third-party devices. Now, it's bringing its lost item pinging to Bose Bluetooth headphones, including existing models via a coming software update.

4. Volkswagen will use Nvidia tech to put AI in its cars

The forthcoming VW microbus electric revival will have smart assistant features on board courtesy of Nvidia-powered AI. Nidia will also supply the foundation for AI tech across VW's future lineup of connected vehicles.

5. Nvidia will power 65-inch gaming displays

They'll be 4K video gaming monitors, but for real though, at this point can't we just agree they're TVs?

6. Google wants to buy CES away from Amazon and Alexa

Google is hoping to plant a flag at CES this year, much like Amazon did last year. The difference is that Google is spending a lot of money on its presence, whereas Amazon won without any direct show floor real estate, strictly through partnerships. Manufactured vs. organic hype for their relative smart assistants.

7. CTRL+T podcast

It's TechCrunch's best podcast, back again for a second week. Check it out, subscribe and enjoy.

Get more stories at techcrunch.com 

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Saturday, January 6, 2018

Kalanick eyes Uber share sale. It's The Daily Crunch.

THE DAILY CRUNCH
FRIDAY, JANUARY 5 2018 By Darrell Etherington

Kalanick plans big Uber stock sale, GoPro's drone ambitions fizzle and Spotify has a lot of subscribers. All that and more in The Daily Crunch for January 5, 2018.

1. Travis Kalanick plans to sell a big chunk of his Uber stake

Uber founder Travis Kalanick is planning to sell off around 29 percent of his stake in Uber, which would provide around $1.4 billion in cash to the former CEO. This would be part of the offer made to SoftBank recently.

The deal would make Kalanick an actual billionaire, instead of just a theoretical one, and could set the former exec up for whatever comes after his Uber days.

2. GoPro to cut 300 jobs, mostly drone-related

GoPro thought a drone could save it – but ultimately that was like believing you could grow your niche appeal by targeting an even smaller niche, totally contained within the first niche. Unfortunately, GoPro's relatively recently spun up drone division pays the price.

3. Spotify tops 70 million subscribers

Apple Music may have seemed like a potential death-blow for Spotify when it launched, but the latter streaming music provider continues to do well. It's now at 70 million subscribers, more than double the total of Apple Music customers, which makes sense given its product advantages over Apple's offering.

4. Ethereum price exceeds $1,000

Bitcoin is higher, but Ethereum is coming on strong, and in general crypto continues to perform well despite Bitcoin's big dip late last year.

5. Intel CEO stock sale raises eyebrows after Meltdown and Spectre disclosure

Intel CEO Brian Krzanich sold a lot of shares in November, when he was apparently aware of the Meltdown and Spectre bugs, but before the public knew about them. Intel says it's unrelated and was the result of an automated sale schedule.

6. Hulu is bringing back Animaniacs

Hulu is going to be airing new episodes of Animaniacs staring in 2020, once it creates new ones with Steven Spielberg's TV production company. 90s kids rejoice.

7. Podcast Friday!

It's podcast day at TechCrunch, and both Equity and Original Content are all new. Equity has thought on Spotify and Uber, and on Original Content, we take a hard look at the first ever orc police officer in LA.

Get more stories at techcrunch.com 

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