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Zuckerberg is turning trillion-dollar Facebook into a ‘metaverse’ company, he tells investors

Following the quarterly release of Facebook’s earnings numbers where the company’s CFO takes time to walk analysts through the nitty gritty of the company’s financials, CEO Mark Zuckerberg took a moment to zoom out and wax on the company’s future goals, specifically calling out his ambitions to turn Facebook into “a metaverse company.” “I wanted to discuss this now so that you can see the future that we’re working towards and how our major initiative across the ...
Tags: TC, Gaming, Facebook, Mark Zuckerberg, Instagram, Tech, Ceo, Software, Computing, Vr, Oculus, Virtual Reality, Augmented Reality, Horizon, Wearable Devices, Andrew Bosworth


Facebook warns of ‘headwinds’ to its ad business from regulators and Apple

Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50 percent increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was $18.6 billion in the same quarter of last year. In the first financial period to really reflect a return to quasi-economic normalcy ...
Tags: Apple, Social, TC, Facebook, Messenger, Instagram, Congress, White House, Social Media, Tech, Whatsapp, Software, United States, Computing, Earnings, Biden


Daily Crunch: No-code startup Bubble pops with $100 million Series A round

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 27, 2021. Today is a good day not only because the U.S. women’s national soccer team is heading to the Olympics quarter finals (shoutout Gotham’s Carli Lloyd!), but also because Danny Crichton just published an incredibly interesting EC-1 digging into RapidSOS. Danny has previously written extensively about disaster tech, ...
Tags: Google, TC, Pinterest, Instagram, China, Boston, New York City, Africa, America, Startup, Tech, Gotham, EC, Alex, Edtech, Shopify


Instagram to default young teens to private accounts, restrict ads and unwanted adult contact

As it gears up to expand access to younger users, Instagram this morning announced a series of updates designed to make its app a safer place for online teens. The company says it will now default users to private accounts at sign-up if they’re under the age of 16  — or under 18 in certain locales, including in the E.U. It will also push existing users under 16 to switch their account to private, if they have not already done so. In addition, Instagram will roll out new technology aimed at reduc...
Tags: Security, Social, Startups, TC, Facebook, Apps, Instagram, Privacy, Advertising Tech, Youtube, Artificial Intelligence, Policy, Cornell University, Northeastern University, Instagram Facebook, Janis Whitlock


Zebra raises $1.1M in a pre-seed round for messaging that pairs photos with voice chat

A new voice-based social app that cites Clubhouse as its biggest inspiration offers a playful new way to stay in touch with close friends and family. Zebra leaves video out of the equation altogether, inviting users to snap on-the-fly photos and send them off paired with casual voice updates. Zebra focuses on asynchronous sharing, but it also lets users call one another if they’re both already hanging out on the app. The result is a fun and casual way to stay in touch for anyone who doesn’t feel...
Tags: Social, Startups, TC, Instagram, Social Networking, Berlin, Social Media, Tech, Snapchat, Instant Messaging, Software, Reddit, Alexis Ohanian, Line, Messaging Apps, Clubhouse


Instagram adds new controls for limiting ‘sensitive’ content in the Explore tab

Instagram is giving its users a tiny bit more power to see what they want — and not see what they don’t want — in its content discovery hub. The company introduced a new toggle called “Sensitive Content Control” on Tuesday that allows anyone to screen posts that it thinks could be offensive, hiding them from the Explore tab. The new feature appears in the settings menu and lets users choose to either allow more content that could be “upsetting or offensive,” limit that content or “limit even mor...
Tags: Social, TC, Instagram, Youtube, Social Media, Tech, Software, Operating Systems, Mobile Software, Social Software, Like Button, Nicholas Williams, Content Moderation


Instagram adds new controls for limiting sexual and violent content in the Explore tab

Instagram is giving its users a tiny bit more power to see what they want — and not see what they don’t want — in its content discovery hub. The company introduced a new toggle called “Sensitive Content Control” on Tuesday that allows anyone to screen posts that it thinks could be offensive, hiding them from the Explore tab. The new feature appears in the settings menu and lets users choose to either allow more content that could be “upsetting or offensive,” limit that content or “limit even mor...
Tags: Social, TC, Instagram, Youtube, Social Media, Tech, Software, Operating Systems, Mobile Software, Social Software, Like Button, Nicholas Williams, Content Moderation


China Roundup: What’s going on with China’s data security clampdown?

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. A tectonic shift is underway in how Beijing regulates and accesses the troves of citizen data collected by its tech giants. More details of China’s new cybersecurity rules have recently come to light as Didi, the SoftBank-backed ride-sharing dominator in China, became the target of the Chinese government’s latest effort to heigh...
Tags: Apple, Google, TC, Facebook, Asia, Hong Kong, New York, Instagram, China, Softbank, Tech, Tesla, Beijing, Alibaba, Tencent, The Wall Street Journal


Facebook will lure creators with $1 billion in payments

Facebook just announced plans to pay content creators more than $1 billion by the end of next year through new bonus programs designed to keep creatives plugged into its app ecosystem. Facebook founder and CEO Mark Zuckerberg first announced the new funding to “reward creators for great content” on his Facebook page. The company will pay creators through a series of new bonus initiatives across Facebook and Instagram which are “seasonal, evolving and expanding over time.” The bonus programs will...
Tags: Social, TC, Facebook, Mark Zuckerberg, Messenger, Instagram, Youtube, Social Media, Tech, Stars, Snapchat, United States, Creators, Facebook Facebook, Mobile Applications, US Pinterest


Instagram’s new test shows you stuff you’ve seen lately and lets you reshare it to Stories

Instagram is tinkering around with a new test feature that changes the way users reshare content they like to their Stories. The test, which will only appear for a subset of users, lets users see a collection of content they’ve viewed recently when they’re in the Stories section of the app. That content will be collected under a new reshare sticker, which can be found in the sticker tray when creating a Story. Posts and Reels viewed in the last hour will appear here along with recently created p...
Tags: Social, TC, Instagram, Tech


Popshop Live raises about $20M at a $100M valuation for its livestream shopping platform for hipsters

Legacy TV services like HSN and QVC may have put live shopping shows on the map for consumers, but livestream commerce got a completely new boost of life in the pandemic, with retailers and e-commerce leviathans tapping a perfect storm of the craze for video entertainment, a trend (or even municipal rules in some cases) for people to stay away from physical stores, and a surge of e-commerce activity to bring more buying “shows” online. Now, a startup and app called Popshop Live, which has approa...
Tags: Amazon, TC, Ecommerce, London, Media, Instagram, Entertainment, Etsy, China, Funding, Tech, Kendall Jenner, Instacart, Jason, Sv Angel, Hsn


Popshop Live raises around $20M at a $100M valuation for its livestream shopping platform for hipsters

Legacy TV services like HSN and QVC may have put live shopping shows on the map for consumers, but livestream commerce got a completely new boost of life in the pandemic, with retailers and e-commerce leviathans tapping a perfect storm of the craze for video entertainment, a trend (or even municipal rules in some cases) for people to stay away from physical stores, and a surge of e-commerce activity to bring more buying “shows” online. Now, a startup and app called Popshop Live, which has approa...
Tags: Amazon, Startups, TC, London, Instagram, Etsy, China, Kendall Jenner, Instacart, Jason, Sv Angel, Hsn, Qvc, Braun, Mall Of America, Li


Daily Crunch: Insecure server exposes Byju’s students’ names, phone numbers, emails and more

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for June 30, 2021. It’s the last day of the quarter. It’s the last day of the first half of the year. It’s the halfway mark for your New Year’s resolutions. The kickoff of Q3 means that we are heading into yet another earnings season. To close the second quarter, a number of companies went public including Didi and SentinelOne. The...
Tags: Amazon, TC, Instagram, China, Africa, Tech, United States, Robinhood, Ftc, Didi, Newsletters, Gilmour, Pietra, Financial Industry Regulatory Authority FINRA, Byju, Hinge Health


Bessemer replaces board member at Hinge Health following competitive tensions

Board tensions at Hinge Health, a San Francisco-based digital health unicorn, have caused Bessemer Venture Partners to switch up its board director seat, replacing the original investor at the chair with a different one. Hinge Health co-founder and CEO Daniel Perez says BVP’s original board seat went to the partner who led the his company’s Series C round. The investor was recused from the board because they did not notify Perez of a new investment that the founder sees as competitive with Hinge...
Tags: TC, Instagram, New York City, San Francisco, Tech, Venture Capital, Andreessen Horowitz, Daniel Perez, Bessemer Venture Partners, Marc Andreessen, Bessemer, Shah, Lunchbox, Perez, Alamgir, Dorfman


Daily Crunch: Google and Jio Platforms unveil ‘extremely optimized Android’ phone for Indian consumers

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for June 24, 2021. There’s an ocean of tech news to get through today, but up top if you care about the advertising market, head here first. Google is pushing back cookiegeddon, and the decision could impact companies from the smallest startup to, well, Google. — Alex The TechCrunch Top 3 Instagram’s slow embrace of computers co...
Tags: Apple, Google, Amazon, TC, Europe, Instagram, Microsoft, India, Tech, Skype, Facetime, SPAC, Dylan, Tripp, Ron Miller, Newsletters


Happs raises $4.7 million for a multicast livestream platform creator community

Happs, an app that lets creators stream live video simultaneously across social platforms, has raised $4.7 million in a post-seed round. The product originally began as a platform for independent journalists, but expanded its mission last year to offer tools to all online creators while connecting them through a new social network. The funding was led by Bullpen Capital and Crosslink, Goodwater, Corazon, Rob Hayes of First Round Capital and Bangaly Kaba, previously at Instagram and Sequoia, also...
Tags: Social, TC, Mobile, Instagram, Tech, Logitech, Streaming, Video On Demand, Al Jazeera, Goldman, Twitch, Social Network, Sequoia, First Round Capital, Facebook YouTube Twitter, Obs


You can share tweets directly to Instagram Stories now

It’s a little thing, but one worth savoring. If you’re tired of your Instagram feed mostly being a chaotic mashup of screencapped tweets and reshared TikToks, well, those things probably aren’t going away but one is about to look a lot better. Twitter just added the capability to share a tweet directly to Instagram Stories, letting you port your clever cross-platform moments over properly. You can’t tap the tweets to hop back to Twitter, but they look nice now. Unfortunately for Android users, i...
Tags: Social, TC, Twitter, Instagram, Tweet, Tech, Software, Jack Dorsey, Operating Systems, Silver Lake, Dorsey, Instagram Stories, Twitter Elliott


Instagram’s newest test mixes ‘Suggested Posts’ into the feed to keep you scrolling

The days of a scrolling to the end of your Instagram feed look to be coming to an end. After adding algorithmic suggestions to the bottom of the app last year, Instagram is running a test that would splice more recommended posts from accounts you don’t follow into the feed with those you do. In the next few days, the company will begin testing an expansion of “Suggested Posts” which would sprinkle that content through the regular feed. As it stands now, Suggested Posts appear at the bottom of In...
Tags: Social, TC, Facebook, Instagram, Social Media, Tech, Software, Computing, Operating Systems, Mobile Software, Technology Addiction, Suggested Posts Instagram


Facebook adds Shops to WhatsApp, among other e-commerce updates

Facebook is making it even easier to buy stuff while you scroll past photos of your high school lab partner’s dog. Yes, Instagram Shops and Facebook Marketplace are already displayed prominently on the apps’ bottom navigation tabs. But now, you can shop on WhatsApp too, along with other updates. Today on a Live Audio Room, CEO Mark Zuckerberg announced three e-commerce updates that are coming to Facebook products: Shops on WhatsApp and Marketplace, Shops Ads, and Instagram Visual Search. “More t...
Tags: TC, Facebook, Apps, Mark Zuckerberg, Pinterest, Instagram, Shopping, US, Social Media, Tech, Social Media Marketing, E-commerce, Ceo, Whatsapp, Artificial Intelligence, Software


Super Follows and Ticketed Spaces are coming to Twitter

In Twitter’s latest appeal to one-up competitors from Clubhouse to Patreon, the company announced today that it will begin rolling out applications for Super Follows and Ticketed Spaces. Twitter first teased the Super Follow feature during an Analyst Day event in February. Super Follows allow creators on Twitter to generate monthly revenue by offering paywalled content to followers who subscribe to them for $2.99, $4.99, or $9.99 per month. Twitter will only take 3% of creators’ revenue after in...
Tags: Google, Android, Social, TC, Apps, Twitter, Spotify, Instagram, Social Media, Tech, Ceo, Software, Computing, Day, App-store, Jack Dorsey


Tesla backs vision-only approach to autonomy using powerful supercomputer

Tesla CEO Elon Musk has been teasing a neural network training computer called ‘Dojo’ since at least 2019. Musk says Dojo will be able to process vast amounts of video data to achieve vision-only autonomous driving. While Dojo itself is still in development, Tesla today revealed a new supercomputer that will serve as a development prototype version of what Dojo will ultimately offer.  At the 2021 Conference on Computer Vision and Pattern Recognition on Monday, Tesla’s head of AI, Andrej Karpa...
Tags: TC, Transportation, Instagram, San Francisco, Tech, Tesla, Artificial Intelligence, Nvidia, North America, Musk, Nvme, Dojo, Tesla CEO Elon Musk, Andrej Karpathy, Computer Vision and Pattern Recognition, Karpathy


FamPay, a fintech aimed at teens in India, raises $38 million

How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round, which brings FamPay’s to-date raise to $42.7 million. TechCru...
Tags: Startups, TC, Apps, Y Combinator, Asia, Instagram, Finance, India, Funding, Tech, Netflix, General Catalyst, Global Founders Capital, Bangalore, Greenoaks Capital, Jain


Shopify expands its one-click checkout, Shop Pay, to any merchant on Facebook or Google

E-commerce platform Shopify announced this morning its one-click checkout service known as Shop Pay will become available to any U.S. merchant that sells on Facebook or Google — even if they don’t use Shopify’s software to power their online stores. That makes Shop Pay the first Shopify product offered to non-Shopify merchants, the company notes. First introduced at its developer conference in 2017, Shop Pay is similar to other instant checkout solutions that offer an easier way to pay online by...
Tags: Google, Amazon, TC, Facebook, Ecommerce, Instagram, Shopping, Google Search, Tech, E-commerce, Economy, Online Shopping, United States, Mobile Payments, Shop, Stripe


Messaging social network IRL hits unicorn status with SoftBank-led $170M Series C

Social calendar app IRL has been busy building a messaging-based social network, or what founder and CEO Abraham Shafi calls a “WeChat of the West.” Following its pandemic-fueled growth and further push into the social networking space with group chat and other features, IRL is today announcing a sizable $170 million Series C growth round, led by SoftBank’s Vision Fund 2. The fundraise also mints IRL as a new unicorn with a $1.17 billion valuation. Besides SoftBank, new investor Dragoneer also p...
Tags: Social, Startups, TC, Facebook, Apps, Instagram, Social Networks, California, Softbank, Funding, San Francisco, Tech, United States, WeChat, Twitch, Social Network


Instagram adds affiliate and shop features for creators

As Apple hosts their annual Worldwide Developers Conference, Instagram and Facebook chose this moment to pilot their first-ever Creator Week. This three-day event is geared toward aspiring and emerging digital creators, complete with 9:45 AM virtual DJ sets and panels on “Algorithm Mythbusting” and raising “zillions for a nonprofit you care about.” During the first day of the event, Mark Zuckerberg made an announcement introducing new ways for creators to make money. In the coming months, Instag...
Tags: Apple, Social, TC, Facebook, Ecommerce, Mark Zuckerberg, Instagram, Youtube, Tech, E-commerce, Software, United States, Conference, Video Hosting, Zuckerberg, Partner


Little Black Door launches app on iOS/Android allowing women to share wardrobes, online and off

Our relationship with fashion has changed, not just because of the pandemic. Months in lockdown means people are probably more aware of their fashion purchases and how they consume, given its been such a long time without socialising. But the oft-talked about ‘Clueless wardrobe’ which would allow women to both see into their collections, as well as share and potentially borrow from friends, has yet to go mainstream. Now a UK startup aims to change this. The Little Black door app, previously in c...
Tags: Apple, Android, TC, Europe, Fashion, UK, Pinterest, Instagram, Articles, Tech, E-commerce, Artificial Intelligence, Culture, United Kingdom, Modeling, Wardrobe


Ford officially adds Maverick, a compact pickup truck, to its lineup

Ford is adding a new entry-level truck called Maverick to its lineup as the automaker seeks to offer pickups at every price level in this increasingly competitive market. The company said Thursday it will debut the vehicle June 8, including on its new Tiktok channel. The automaker tapped actress Gabrille Union to do the official unveiling, which will largely occur on social media. Union will show-off the all-new truck on her own Instagram and TikTok channels, on Ford’s social channels as well as...
Tags: TC, Instagram, Tech, Automotive, Ford, Electric Vehicles, Union, Maverick, Tiktok, Gabrille Union, Hulu Little


Facebook doubles down on business tools with WhatsApp API updates, Login Connect for Messenger and more

WhatsApp now has more than 2 billion users globally, and by comparison its efforts to cultivate more business usage have been quite modest: just over 175 million people message with WhatsApp Business accounts daily for things like customer support or to discuss products. Today, as part of its F8 event, Facebook is unveiling some updates to the WhatsApp API to expand that experience. The news comes on the heels of Facebook unveiling the general availability of Messenger API for Instagram earlier ...
Tags: TC, Facebook, Messenger, Instagram, Tech, Whatsapp, F8, Facebook Instagram, Facebook Page, Facebook Login, WhatsApp Business, Facebook Login Connect Essentially, Bigcommerce Facebook


Daily Crunch: In $8.45B deal, Amazon to buy MGM Studios

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for Wednesday, May 26. Yes, we’re going to get to the huge Amazon-MGM deal, but we have to chat about a startup first. Have you heard of Poparazzi? If you have kids you might have — it’s the latest social phenom. And it just ran its way up to the top of the App Store. (Too bad it’s not Puparazzi!) Yes, I feel old as well. Take a lo...
Tags: Amazon, TC, Facebook, UK, Instagram, Microsoft, Tech, Austin, United States, Gm, Google Docs, Miami, Silicon Valley, Sam Altman, Alex, Lockheed


Rakuten and Beyond Next invest $1M seed funding in farm-to-table startup Secai Marche

Farmers and food businesses, like restaurants, deal with the same issue: a fragmented supply chain. Secai Marche wants to streamline agricultural logistics, making fulfillment more cost-efficient and enabling food businesses to bundle products from different farmers into the same order. The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. This week, it announced 150 million JPY (about $1.4 million USD) in pre-Series A fun...
Tags: Food, Fundings & Exits, Startups, TC, Facebook, Asia, Japan, Instagram, Indonesia, Southeast Asia, Singapore, Tech, Malaysia, Farmers, Alibaba, Deloitte



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