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The Daily Crunch: Tech stocks hammered after US Treasury Secretary speculates on hiking interest rates

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. Are startup valuations about to fall? Hello, friends! Alex here to talk to you for a hot second about money. Then we’ll get into startups, venture capital, what Big Tech is up to and more. I promise. But hang with me for a moment. Tech stocks got hammered today: The tech-heavy Nasdaq fell by more than 2%. Cloud stocks endured twice the damage. What happened? The ...
Tags: TC, Twitter, London, Instagram, Microsoft, Tech, Tesla, Austin, Holland, Silicon Valley, US Treasury, EC, Persona, Alex, Firstmark, Sarah


Signal said Facebook shut down its advertising account after the privacy-focused messaging app tried to buy Instagram ads showing how the social media giant collects data

Signal CEO Moxie Marlinspike. Steve Jennings/Getty Images for TechCrunch Signal said it tried to buy Instagram ads that would show users how Facebook targets them. The ads would display personal information about users that Facebook uses when targeting ads. But Signal said Facebook responded by shutting its account down. See more stories on Insider's business page. Facebook blocked ads that Signal wanted to buy that would show Instagram users the data that Facebook collects from them, ...
Tags: Apple, Facebook, Elon Musk, Media, Instagram, Advertising, Trends, Social Media, Tesla, Data Privacy, Signal, Moxie Marlinspike, La Jolla, Tech Insider, Democratic Sen Elizabeth Warren, Katie Canales


Inside the turbulent personal life of Elon Musk, who's been divorced three times, dated Hollywood stars, and now has a 1-year-old baby with musician Grimes

Grimes, left, and Elon Musk attend the Costume Institute Gala at the Metropolitan Museum of Art in May 2018. Charles Sykes/AP Tesla and SpaceX CEO Elon Musk has had a headline-grabbing personal life over the years. He has five sons from his first marriage and has been divorced three times. These days, Musk is dating the musician Grimes - the couple had a baby together last spring. See more stories on Insider's business page. In 2010, Elon Musk said he would "rather stick a fork in my ...
Tags: Transportation, Family, Spacex, Elon Musk, Hollywood, Texas, Families, Marriage, Instagram, California, Relationships, Time, Los Angeles, Trends, Tech, Tesla


10 things in tech you need to know today

Andrew Harnik/AP Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here.Let's get started.1. Facebook could face a fine in the billions for its leak of 533 million people's data. The social-media company is under investigation in the EU for its massive data leak, and is being threatened with a fine of up to 4% of its $86 billion global revenue. ICYMI: Here's how to check if your information was breached. 2. Oracle billionaire Larry Ellison ...
Tags: Amazon, Facebook, Instagram, Newsletter, Trends, Tech, Tesla, Eu, Nasa, Hawaii, Ford, Larry Ellison, Mars, Toshiba, Palm Beach, Newsletters


Tesla used wild horses to lure candidates out to its Nevada factory, but animal advocates say its presence there actually harms the animals

Wild mustangs run unwittingly into hidden corrals/Bureau of Land Management traps during a gather east of Fallon, Nev. Essdras M Suarez/The Boston Globe via Getty Images Tesla is touting wild horses as a perk of working at its Gigafactory in Nevada. But Tesla's presence, along with increased development in the area, may be harming the horses and their habitat. There are nearly 50,000 wild horses in the state. See more stories on Insider's business page. Elon Musk's push to o...
Tags: Elon Musk, Instagram, Washington Post, Trends, Tesla, New York Times, The Times, Nevada, Musk, Gigafactory, Bureau of Land Management, University of Nevada, Tahoe Reno Industrial Center, Wild Horses, Twitter Elon Musk, Melina Mara


Millennials reveal their 105 favorite brands, from Gucci to Amazon

Rich Fury/Getty Images Marketing firm Moosylvania surveyed 1,000 millennials to find their favorite brands. Amazon, Nike, and Amazon have topped the list for years. Brands associated with travel, including airlines, fell off the list in 2021. See more stories on Insider's business page. Millennials still can't get enough of Apple, Nike, and Amazon. Marketing agency Moosylvania has once again compiled its "Millennials' Top 100 Brands" based on a survey of 1,000 millennial consu...
Tags: Retail, Apple, Nike, eBay, Samsung, Jeep, Chevrolet, Ford, BMW, Mercedes, Tesla, Puma, Gucci, LG, Target, Kroger


Elon Musk and Jeff Bezos have been publicly feuding for over 15 years. Here are all the biggest rivalries that have formed between some of the world's most high-powered tech leaders.

Jeff Bezos, left, and Elon Musk. Katherine Taylor/Reuters/Axel Springer While there are many close friendships in Silicon Valley, there are also plenty of feuds. Some appear to be friendly rivalries, like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison. Others are more contentious: Elon Musk and Jeff Bezos, for example, have been feuding for years.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground for rivalries. In a place where world-changin...
Tags: Apple, Facebook, Mark Zuckerberg, Twitter, Post, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, US, San Francisco, Trends


10 things in tech you need to know today

Britta Pedersen-Pool/Getty Images Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.China blocked Clubhouse. The invite-only audio app remained uncensored in China until Monday, with citizens flocking to it to discuss political topics such as Xinjiang's Uighur detention camps and Taiwan independence.Te...
Tags: Apple, Facebook, UK, Instagram, China, Trends, Tesla, Bloomberg, Taiwan, Nvidia, Silicon Valley, Xinjiang, Hyundai, Kia, Financial Times, Anne Wojcicki


Elon Musk escalated his feud with Mark Zuckerberg following the riots at the Capitol. Here are 11 other rivalries that have formed between some of the world's most high-powered tech leaders.

Elon Musk, left, and Mark Zuckerberg. Susan Walsh/AP; Erin Scott/Reuters While there are many close friendships among tech CEOs in Silicon Valley, there are also plenty of feuds. Some appear to be friendly rivalries, like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison. Others are more contentious: Tim Cook and Mark Zuckerberg, and Elon Musk and Jeff Bezos have been openly feuding for years.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground f...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, US, San Francisco


Teslas keep killing my cats, Jamie Lynn Spears claims

(CNN) — Jamie Lynn Spears called Tesla “a secret cat-killer” and told CEO Elon Musk that he owes her “a couple cats.” Jamie Lynn SpearsBMI Country Awards, 2016. Credit: Photo by Debby Wong/Shutterstock The 29-year-old actress, singer and sister of Britney Spears said in a since-deleted Instagram video that more than one of her cats has been run over by a Tesla they never heard coming. Teslas, like other electric cars, run quieter than vehicles with gas-powered engines. “We have now lost — I ...
Tags: Business, Elon Musk, Celebrities, Instagram, Pets, Daughter, Tesla, Sport, Soccer, Britney Spears, Rogers, Jamie Lynn, Spears, John Reilly, Teslas, New York Dolls


Jamie Lynn Spears called Tesla's quiet engines a 'secret cat-killer' and said Elon Musk 'owes' her some new pets, before walking back her comments in since-deleted posts

Tesla's CEO Elon Musk and actress Jamie Lynn Spears. Britta Pedersen-Pool/Getty Images, John Shearer/WireImage via Getty Images Actor Jamie Lynn Spears called Tesla a "cat-killer" on Friday, before walking back her comments. Her cats didn't hear Tesla cars approaching because of their quiet engines, the actor said. "Elon Musk, let's figure this out," she added. "You owe me a couple cats." Visit Business Insider's homepage for more stories. Actress Jamie Lynn Spears on Friday appeared t...
Tags: Transportation, Elon Musk, Instagram, Entertainment, China, India, Trends, Tesla, Cnn, People, Electric Vehicles, Wedbush, Spears, US National Highway Traffic Safety Administration, Daniel Ives, Jamie Lynn Spears


While CEOs across America decry the rampage in Washington, Jeff Bezos is silent and Elon Musk is posting memes

Jeff Bezos (left) and Elon Musk. REUTERS/Joshua Roberts Following Wednesday's attack on the US Capitol, business leaders from a range of industries, including finance, tech, and automotive, have condemned the rampage.  But two of the world's most powerful CEOs — Elon Musk and Jeff Bezos — have yet to issue a statement denouncing the insurrection.  While Bezos has been silent on social media, Musk has tweeted multiple memes, one of which was a Burning Man joke. He also seemed to partially b...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, News, Instagram, Washington, US, America, Trends, General Motors, Tesla, Thailand, Harvard University


Facebook's ex-security chief has joined calls for social media platforms to 'cut off' Trump after violent mobs stormed the Capitol

Jack Dorsey, Donald Trump and Mark Zuckerberg. Tom Williams/CQ Roll Call, Mandel Ngan/AFP, Tobias Hase/Picture Alliance, all via Getty Images Facebook, along with Twitter, should ban President Donald Trump, Alex Stamos, a former Facebook security chief, tweeted Wednesday. After pro-Trump rioters stormed the Capitol, Trump released a video on social media where he spouted baseless claims about election fraud, including that he won in a "landslide." The platforms removed the videos, but crit...
Tags: Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Politics, Instagram, Congress, Youtube, US, Trends, Tesla, Jack Dorsey, Donald Trump, Sacha Baron Cohen, Chris Sacca


10 things in tech you need to know today

Carsten Koall/Getty Images; Alex Wong/Getty Images Good morning! This is the tech news you need to know this Wednesday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.Facebook and Google agreed to help each other. The Wall Street Journal reported that an unredacted version of the lawsuit filed by state attorneys general reveals that the two tech giants agreed to co...
Tags: Apple, Google, Amazon, Facebook, Elon Musk, UK, Cook, Instagram, Washington Post, Trends, Tesla, Tim Cook, SEC, Advertising Standards Authority, Wall Street Journal, Klarna


US stocks dip as stimulus hopes waver and jobless claims hit 11-week high

Scott Heins/Getty Images US stocks edged lower on Thursday amid disappointing economic data and slowed stimulus progress.New US weekly jobless claims jumped to an unadjusted 853,000 for the week that ended Saturday, handily exceeding the 725,000 estimate. The reading also marks the highest total in 11 weeks.Democrats and Republicans remain at odds over a new fiscal relief package. The House voted Wednesday night to fund the government for an additional week and buy more time for stimulus n...
Tags: Facebook, Instagram, Congress, Senate, US, Trends, Markets, Tesla, Bloomberg, House, Treasury, Mitch McConnell, Oil Price, Airbnb, Fda, Pfizer


How comedian and UFC commentator Joe Rogan became the world's highest-paid podcaster

Joe Rogan's podcast made $30 million last year. Jeff Bottari/Zuffa LLC/Zuffa LLC via Getty Images Joe Rogan's wildly popular podcast, "The Joe Rogan Experience," is now available on Spotify — and it's already stirring up controversy.  In the past week, Rogan has been accused of making transphobic comments and spreading misinformation about the Oregon wildfires on his podcast. Rogan's multiyear licensing deal with Spotify, first announced in May, is worth more than $100 million, per The...
Tags: Apple, Spotify, Elon Musk, Florida, Instagram, Podcasts, Nbc, Robert Downey Jr, Youtube, Oregon, Life, Boston, Massachusetts, New York City, Africa, US


From Facebook to Tesla, here are the lesser-known cofounders of some of the biggest tech companies in the world

Apple cofounders Steve Wozniak, left, and Steve Jobs. Kimberly White / REUTERS Most of the world's most famous tech entrepreneurs had help building their companies.And while Mark Zuckerberg's and Steve Job's cofounders didn't all become household names, they're still credited with bringing Facebook and Apple to life.Tesla, for instance, had four cofounders, and none of them was Elon Musk. And Jack Dorsey is one of four people who helped create Twitter.Visit Business Insider's homepage for m...
Tags: Apple, Google, Amazon, Facebook, Uber, Mark Zuckerberg, Twitter, Elon Musk, Instagram, Microsoft, Steve Jobs, Ebay, Stanford, Singapore, US, San Francisco


The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.

People gather at the entrance for the New York State Department of Labor offices on March 20, which closed to the public due to the coronavirus outbreak in the Brooklyn borough of New York City. Andrew Kelly/Reuters The spread of the coronavirus is projected to impact millions of jobs worldwide.In just 22 weeks, more than 57 million Americans have filed for unemployment insurance — that's more than the number of claims filed during the Great Recession.The travel and hospitality industries h...
Tags: Lyft, Europe, London, Ge, Instagram, Washington Post, Air Canada, New York City, US, Los Angeles, San Francisco, Trends, Tesla, Cnn, Walgreens, Chicago


Elon Musk and Bill Gates are sparring over Gates' criticism of Musk's coronavirus comments. Here are 10 other rivalries that have formed between some of the world's biggest tech leaders.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, US, San Francisco


Elon Musk is sparring with Bill Gates after he criticized Musk's coronavirus comments. Here are 10 other rivalries that have formed between some of the world's biggest tech leaders.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, US, San Francisco


Inside the turbulent personal life of Elon Musk, who's dated Hollywood stars, has triplets and twins, and just had a baby with musician Grimes

Tesla and SpaceX CEO Elon Musk seems to prefer to keep his personal life under wraps.  It wasn't until 2017 that he opened up in an intensely candid Rolling Stone profile. Musk discussed topics he usually doesn't, from his breakup with actress Amber Heard to his strained relationship with his father. Musk appears to be close with his mother, Maye, his sister, Tosca, and his brother, Kimbal. But he has had a stormy personal life at times as well. He's been divorced three times and his name has ...
Tags: Spacex, Elon Musk, Hollywood, Instagram, California, Time, Los Angeles, Trends, Tesla, Bloomberg, Marie Claire, Reddit, Alexis Ohanian, Johnny Depp, Grimes, Nevada


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. Facebook has banned hundreds of groups and accounts linked to the far-right boogaloo movement. The social media giant said it removed 220 Facebook accounts, 95 Instagram accounts, 28 pages, and 106 groups linked to the boogaloo network it identified from its platform. The Federal Communications Commission has designated the Chinese telecommunications firms Huawei and ZTE as national security threats. The New York Times report...
Tags: Google, Facebook, Europe, UK, Instagram, Massachusetts, US, Trends, Tesla, New York Times, Federal Communications Commission, North, Huawei, Detroit, Sap, Alexa


Elon Musk called Jeff Bezos a copycat — again — over Amazon's Zoox acquisition. Here are 9 other rivalries that have formed between some of the world's biggest tech CEOs.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, San Francisco, Trends


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. Reddit banned r/The_Donald, the largest pro-Trump subreddit, as it cracks down on hate speech and targeting. The subreddit was one of roughly 2,000 communities that were banned across Reddit on Monday, CEO Steve Huffman said. Amazon's live streaming service Twitch suspended President Trump's channel for violating 'hateful conduct' policies and cited his campaign speeches as the reason. Twitch said Trump's words at campaign rall...
Tags: Google, Amazon, Facebook, Elon Musk, Instagram, Microsoft, Youtube, China, India, US, Trends, Tech, Tesla, Reddit, Wall Street Journal, Alexa


10 times that Elon Musk proved Tesla doesn't need advertising (TSLA)

A for more old-school advertising. Tesla has never spent any money on traditional ads, while other carmakers have spent billions. But Tesla and CEO Elon Musk enjoy an immeasurable amount of goodwill, earned advertising, both from fans and customers, but also from Musk's other companies and his celebrity status. Visit Business Insider's homepage for more stories. Tesla, famously or infamously, doesn't really spend an money on advertising. Contrast that with the traditional auto industry, whi...
Tags: Apple, Facebook, Spacex, Elon Musk, Instagram, Robert Downey Jr, Steve Jobs, China, US, Los Angeles, Trends, General Motors, Tesla, Iron Man, International Space Station, Ford


Designers inspired by Tesla's Cybertruck are reimagining it as an RV, race car, police car, ambulance, taxi, military vehicle, and more

The Tesla Cybertruck isn't set to go into production until late 2021. In the meantime, artists have imagined and designed the Cybertruck as military vehicles, race cars, and a RV.  Tesla also teased its own Cybertruck rendering as a "cybercamper" when the truck was initially unveiled. Visit Business Insider's homepage for more stories. The highly anticipated Tesla Cybertruck isn't set to go into production until late 2021, but in the meantime, artists have been reimagining the electric truck ...
Tags: Elon Musk, UK, New York, Instagram, Trends, Tesla, Royal Mail, National Health Service, Volkswagen, New York Police Department, Coast Guard, Jon Sibal, Sibal, Jan Peisert, Havas Germany, Cybertruck


No Brilliant Jerks: How to Deal with Maverick CEOs

BOARDS and executives are feeling an unusual amount of pressure these days. And it’s not from covid-19—the squeeze started several years ago. Witness that the average cost of directors and officers insurance has almost doubled in the past two years and experienced a 70 percent jump in the 2019 third quarter. There are many underlying sources for the increased stress and skyrocketing insurance rates. But these days a maverick CEO is often at the center of board and executive consternation and ...
Tags: Apple, Google, Amazon, Facebook, Elon Musk, Leadership, Instagram, Steve Jobs, North Korea, Tesla, Netflix, Vw, SEC, Silicon Valley, Rob, Travis Kalanick


Designers inspired by Tesla's Cybertruck are reimagining it as an RV, race car, military vehicle, and more

The Tesla Cybertruck isn't set to go into production until late 2021. In the meantime, artists have imagined and designed the Cybertruck as military vehicles, race cars, and a RV.  Tesla also teased its own Cybertruck rendering as a "cybercamper" when the truck was initially unveiled. Visit Business Insider's homepage for more stories. The highly anticipated Tesla Cybertruck isn't set to go into production until late 2021, but in the meantime, artists have been reimagining the electric truck ...
Tags: Elon Musk, UK, Instagram, Trends, Tesla, Volkswagen, Jon Sibal, Sibal, Jan Peisert, Havas Germany, Cybertruck, Tesla Cybertruck, Cybertruck Cybertruck Owners Club, Peisert, Instagram Cybertruck Owners Club, Leasing Options


Elon Musk tweets a food blogger's 2017 photo from Buca di Beppo, saying 'life should be lived' as he advocates for businesses to reopen

Tesla CEO Elon Musk tweeted a photo of an ice cream sundae in a martini glass late on Tuesday night.  It was soon revealed that the photo was taken by a food blogger at Buca di Beppo in 2017.  Buca di Beppo responded saying that Musk was going to open a location of the Italian chain on Mars.  Visit Business Insider's homepage for more stories. As Tesla CEO Elon Musk calls for businesses to reopen, he turned to a 2017 photo from Buca di Beppo to argue "life should be lived."  Musk tweeted a p...
Tags: Elon Musk, Instagram, Trends, Tesla, Mars, Musk, Fremont California, Buca, Buca di Beppo, Molly Shah, Buca de Beppo, Buca di Beppo Buca, Buca di Bepo


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. Tesla CEO Elon Musk reportedly made the case directly to President Trump in a phone call last month that restarting Tesla production would pose little risk to workers. Musk told Trump he wanted to open by May 1 and that doing so wouldn't pose a "significant risk" to workers, The Washington Post reported. Uber has reportedly offered to buy GrubHub as it leans on food delivery to make up for coronavirus losses. Shares of GrubHu...
Tags: Apple, Amazon, Facebook, Twitter, Elon Musk, Instagram, Washington Post, Disney, Trends, Tesla, Bloomberg, Hamilton, Alexa, Musk, John Krafcik, Trump



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