News Headline: Daily Crunch - Apple says it's not budging on rev share

Friday, June 19, 2020

Daily Crunch - Apple says it's not budging on rev share

Friday, June 19, 2020 • By laura.safran

Apple’s Phil Schiller discusses the recent Hey controversy, Facebook removes Trump ads and we launch a major new project at Extra Crunch.

Here’s your Daily Crunch for June 19, 2020.

Interview: Apple's Schiller says position on Hey app is unchanged and no rules changes are imminent

"Sitting here today, there's not any changes to the rules that we are considering," Apple’s Phil Schiller told TechCrunch. "There are many things that they could do to make the app work within the rules that we have. We would love for them to do that."

The interview came after several days of public scrutiny of Apple's handling of the Hey app. After an initial approval, the founders of developer Basecamp took to Twitter to note that an update had been repeatedly rejected. The core dispute was over the fact they’re not offering an in-app purchase for the full service, while they are offering it on the Hey website.

Interview: Apple's Schiller says position on Hey app is unchanged and no rules changes are imminent image

Image Credits: Apple

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Facebook removes Trump campaign ads featuring Nazi symbol

The campaign's ads attacked Antifa, the decentralized anti-fascist movement and a frequent target of the president's ire, with imagery of an upside-down red triangle — a well-documented symbol worn by political prisoners held in Nazi concentration camps.

How we're rebuilding the VC industry

It’s an ambitious headline for an ambitious Extra Crunch project that we’re calling The TechCrunch List. To create this list, we’re asking founders to share information on which investors wrote the first checks into their companies. (Extra Crunch membership required.)

Image Credits: Nigel Sussman

What to expect from Apple's WWDC 2020

The biggest rumor leading up to the event so far is Apple’s long-discussed shift to its own in-house ARM processors, moving away from a decade-plus dependence on Intel chips. This would mark another key step toward silicon independence for the company.

DoorDash confirms $400M raise, IPO timing unclear

DoorDash, the popular American food delivery company, has aggressively raised capital throughout its life, including a huge Series G in late 2019 that valued it near $13 billion. New investors Durable Capital Partners and Fidelity led the round, along with what the company described as "existing investors, funds and accounts advised by T. Rowe Price Associates."

Intercom announces the promotion of Karen Peacock to CEO

Three years ago, Intercom announced that it was bringing former Intuit exec Karen Peacock on board as COO. Today, she got promoted to CEO, effective July 1. Current CEO and company co-founder Eoghan McCabe will become chairman.

Tech companies just found out about Juneteenth, and this is what they're doing

And yes, TechCrunch is one of the companies that recently decided to make Juneteenth a holiday — which I will be observing, once I finish writing this newsletter …