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10 things in tech you need to know today

Protesters at the 2018 Google walkout. REUTERS/Stephen Lam Good morning! This is the tech news you need to know this Thursday. 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.And for the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today — launching soon!Google is in trouble over labor laws. The National Labor Relations Board f...
Tags: Google, Amazon, Spacex, Elon Musk, Ipo, Trends, Eu, Bird, Mars, National Labor Relations Board, Musk, Business Insider, Doordash, Nordic, Fidelity Investments, Amazon Alexa

Airbnb may actually be undervalued ahead of IPO: Study

A new analysis by consumer analytics company ValueChampion found that the coronavirus pandemic has actually helped Airbnb achieve greater dominance over the travel booking industry.
Tags: Google, Amazon, Technology, Wall Street, Ipo, Radio, Airbnb, Borders, Rentals, Expedia,, Markets & Economy, Select, Pandemic, Property Portfolio, Coronavirus

Airbnb and DoorDash plan to target higher valuations for their December IPOs, report says

Tero Vesalainen / Shutterstock Airbnb and DoorDash are expecting higher than estimated valuations in two of the most anticipated market debuts this year, the Wall Street Journal reported.Airbnb plans to target a valuation between $30 billion to $33 billion, above its previous $30 billion estimate.DoorDash is seeking a valuation between $25 billion to $28 billion, up from a previous estimate of $25 billion.It is unclear what Airbnb and DoorDash's per-share price ranges are for their mid-Dec...
Tags: Ipo, US, Trends, Tech, Markets, Airbnb, Goldman, Wall Street Journal, Dow Jones, Journal, WSJ, Valuation, Doordash, Initial Public Offerings, Shalini Nagarajan, Ipo Price

SEC Proposes Rules for Giving Gig Workers Equity

The U.S. Securities and Exchange Commission has proposed rule changes that would make it possible for gig companies to give equity to their workers as part of their compensation if they meet certain requirements. From a report: This is something gig companies including Uber and Airbnb have asked the SEC to do over the years as a way to share their companies' upside with these non-employees. Instead, both Uber and Lyft gave certain long-time drivers cash and the ability to purchase IPO shares whe...
Tags: Lyft, Ipo, Tech, SEC, Airbnb, U S Securities and Exchange Commission

Elon Musk is now the world's second-richest person. Here's how the billionaire Tesla and SpaceX CEO went from getting bullied as a child to becoming one of the most successful and controversial men in tech.

Elon Musk. Steve Nesius/Reuters Elon Musk has had a tumultuous yet successful life.  He was bullied as a child but ultimately attended an Ivy League university before going on to become the CEO of two companies, Tesla and SpaceX, and the founder of three more. He's also been married three times and has triplets and twins. He recently had another baby with his girlfriend, the musician Grimes.  But Musk also courts controversy, especially on Twitter. The tech billionaire has been outspoken a...
Tags: Transportation, Mark Zuckerberg, Spacex, Elon Musk, New York, Hollywood, Robert Downey Jr, Microsoft, Australia, California, Ebay, White House, Ipo, Time, US, Los Angeles

How the pandemic drove the IPO wave we see today

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. I had a neat look into the world of mental health startup fundraising planned for this week, but after being slow-motion carpet-bombed by S-1s, that is now shoved off to Monday and we have to pause and talk about COVID-19. The pandemic has been the most animating force for startups and venture capital in 2020, discounting the slow movement of glob...
Tags: Google, Fundings & Exits, Startups, Ipo, Virginia, United States, Bird, Airbnb, Exchange, Sapphire Ventures, Byron Deeter, Doordash, Bessemer, Klarna, SPAC, Peloton

Affirm, Airbnb,, Roblox, Wish file for tech IPO finale of 2020

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. The wait was long but this week the time was right: Airbnb finally filed its S-1 and so did Affirm,, Roblox, and Wish. We are likely to see these five price on public markets before the end of an already superlative year for tech IPOs. The ongoing pandemic and political turmoil were not scary enough, apparently. This coming decade, you have to t...
Tags: Apple, Startups, TC, Utah, New York, Obama, White House, Ipo, US, America, San Francisco, Tech, Joe Biden, Italy, Tencent, SEC

This Week in Apps: Apple slashes commissions, Twitter launches Fleets, warnings about Parler

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with   204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a   $544 billion valuation, 6.5x higher ...
Tags: Apple, Google, Amazon, TC, Facebook, Apps, Twitter, Japan, Instagram, Supreme Court, Australia, Washington Post, Youtube, Ipo, Tech, Eu

Extra Crunch roundup: A fistful of IPOs, Affirm’s Peloton problem, Zoom Apps and more

DoorDash, Affirm, Roblox, Airbnb, and Wish all filed to go public in recent days, which means some venture capitalists are having the best week of their lives. Tech companies that go public capture our imagination because they are literal happy endings. An Initial Public Offering is the promised land for startup pilgrims who may wander the desert for years seeking product-market fit. After all, the “I” in “ISO” stands for “incentive.” A flurry of new S-1s in a single week forced me to r...
Tags: Fundings & Exits, Startups, TC, Gaming, Entrepreneurship, China, Ipo, India, San Francisco, Tech, ISO, NewCo, Alibaba, Venture Capital, Airbnb, Autodesk

A16z is now managing $16.5 billion, after announcing two new funds

Andreessen Horowitz (a16z) has closed a pair of funds totaling $4.5 billion, the firm confirmed in a blog post this morning. The firm has raised $1.3 billion for an early-stage fund focused on consumer, enterprise, and fintech; and closed a $3.2 billion growth-stage fund for later-stage investments. The firm did not immediately respond to request for comment. The funds may seem somewhat typical, given the size of new funds that venture firms have been raising in recent years, Still, these are e...
Tags: Fundings & Exits, TC, Microsoft, Ipo, San Francisco, Tech, Venture Capital, Fund, Airbnb, Andreessen Horowitz, New York Stock Exchange, Github, Justice Department, Affirm, Early Stage, Anthony Albanese

If you didn’t make $1B this week, you are not doing VC right

The only thing more rare than a unicorn is an exited unicorn. At TechCrunch, we cover a lot of startup financings, but we rarely get the opportunity to cover exits. This week was an exception though, as it was exitpalooza as Affirm, Roblox, Airbnb, and Wish all filed to go public. With DoorDash’s IPO filing last week, this is upwards of $100 billion in potential float heading to the public markets as we make our way to the end of a tumultuous 2020. All those exits raise a simple question – who m...
Tags: Ipo, Singapore, Tech, SEC, Airbnb, Max Levchin, Cto, GIC, Levchin, Tony Xu, Sheng, Joe Gebbia, Peter Szulczewski, Szulczewski, Roblox, Evan Moore

Affirm files to go public

Affirm, a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company’s financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at the point of sale, has an enticing combination of rapidly expanding revenues and slimming losses. Growth and a path to profitability has been a winning duo in 2020 as a number of unicorns with similar metrics have seen strong pricing in their debuts, and wi...
Tags: Fundings & Exits, Startups, Ipo, San Francisco, Tech, Paypal, Airbnb, Public, Max Levchin, S-1, Fintech, Affirm, Peloton, GMV

Jack Dorsey and Mark Zuckerberg are caught in the Congressional time warp again — but where's Parler?

Hello, and welcome to this Wednesday's edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. Soundtrack: for maximum enjoyment of this newsletter, we recommend listening to "Time Warp," from "The Rocky Horror Picture Show" while you read. This week: The time warp, featuring Jack Dorsey and Mark Zuckerberg ... again Paramount Pictures and Metro-Goldwyn-May...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Politics, Texas, Congress, White House, Ipo, Softbank, America, Trends, Joe Biden, United States, Connecticut

Daily Crunch: Reviewing Apple’s new Macs

We review each of Apple’s new M1-powered Macs, Twitter launches its new Stories-like format and Amazon launches a pharmacy service. This is your Daily Crunch for November 17, 2020. The big story: Reviewing Apple’s new Macs We’ve got three big hardware reviews today, each one highlighting a new Mac with Apple’s M1 chipset. First up, there’s the MacBook Air, which Brian Heater says offers strong performance gains and is probably the right Apple Mac for most consumers. Then there’s the new Mac...
Tags: Apple, Google, Amazon, Spacex, Hardware, Mac, Ipo, Tech, Earth, Lego, International Space Station, Nintendo, Airbnb, MacBook Air, Matthew Panzarino, Conan O'brien

5 questions from Airbnb’s IPO filing

Airbnb filed to go public yesterday, offering the world a look into its financial performance over the past several years. The company’s S-1 detailed an expanding travel giant with billions in annual revenue that was severely disrupted by the COVID-19 pandemic. But past our overview of Airbnb’s core financial results and our look into which investors will make the most from its public debut, there are still questions that need answering. The Exchange explores startups, markets and money. Rea...
Tags: Fundings & Exits, Startups, TC, Real Estate, Ipo, Tech, Airbnb, Exchange, The Exchange, PROPtech

Who's winning advertising as it returns in 2020

Hi! Welcome to the Insider Advertising daily for November 16. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected]'s news: 14 ad buyers pick the winning media companies and platforms, Endeavor snaps up Fred Santarpia, and behind DoorDash's marketing. Michael Becker / FOX 14 ad buyers that control billions in spending named the media compa...
Tags: Google, Facebook, Media, Instagram, Ipo, Advertising, Marketing, Trends, Fox, Nba, Burma, Fidelity, Conde Nast, Sundar Pichai, Cnbc, Snap

Extra Crunch roundup: Inside DoorDash’s IPO, first-person founder stories, the latest in fintech VC and more

One of my favorite series of Monty Python sketches is built around the concept of surprise: Chapman: I didn’t expect a kind of Spanish Inquisition. [JARRING CHORD] [Three cardinals burst in] Cardinal Ximénez: NOBODY expects the Spanish Inquisition! I was reminded of this today when I needed to reschedule a few stories so we could cover DoorDash’s S-1 filing from multiple angles. First, Managing Editor Danny Crichton looked at how well the company’s co-founders and many investors stand to ma...
Tags: Food, Startups, TC, Gaming, Ecommerce, Europe, California, Entrepreneurship, Ipo, San Francisco, Tech, Diversity, Paypal, SaaS, Square, Payments

Getaround tops up $25M debt financing to its $140M Series E

Silicon Valley peer-to-peer car rental startup Getaround has secured a $25 million loan from Horizon Technology Finance Corporation. The financing announcement comes one month after Getaround raised $140 million from investors, including SoftBank Vision Fund, Menlo Ventures, Reid Hoffman and Mark Pincus’ Reinvent Capital. Getaround’s raise signals that the company is looking for new ways to secure cash without further diluting executives or investors. A Getaround spokesperson said “Horizon...
Tags: Fundings & Exits, Startups, Uber, Ipo, Tech, Debt, Reid Hoffman, Silicon Valley, Getaround, Mark Pincus, Debt Financing, Sam Zaid, Paycheck Protection Program, SoftBank Vision Fund Menlo Ventures, Horizon Technology Finance Corporation, Dan Devorsetz Horizon

DoorDash files to go public

After filing earlier this year, DoorDash dropped its public S-1 filing this morning, bringing clarity to its numbers and moving it closer to a public debut that should happen before the end of the year. The company is one of several startups that we expect to see IPOs from before the year ends, despite some recent market chop and election chaos in the United States. DoorDash is a heavily-backed company, with Crunchbase reporting that the food-delivery giant has accessed around $2.5 billion in...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, United States, Doordash, EBITDA, GAAP

Onfido’s Husayn Kassai steps back, brings in new CEO ahead of a planned IPO

There are big changes today at Onfido, the global identity verification and authentication platform which has rocketed in adoption as so many services become digitized during the pandemic. The company, which has raised more than $200 million to date, is appointing a new CEO with the intention of moving towards an IPO “at some point” in the future, according to co-founder and current CEO Husayn Kassai. Kassai has of this week handed over the reins to Mike Tuchen, the former CEO of Talend who succ...
Tags: TC, Europe, Microsoft, California, Ipo, Boston, US, Tech, Nasdaq, Onfido, Ruhul Amin, Husayn Kassai, Kassai, Talend, Mike Tuchen, Eamon Jubbawy

Ant's record-breaking $37 billion IPO was personally halted by China's Xi Jinping after boss Jack Ma snubbed government leaders, report says

Jack Ma shakes hands with Chinese President Xi Jinping during a visit at Microsoft's main campus September 23, 2015 in Redmond, Washington. Ted S. Warren-Pool/Getty Images Ant Group's historic $37 billion IPO was personally halted by Chinese President Xi Jinping after boss Jack Ma criticized government leaders, the Wall Street Journal reported.A week before the Chinese fintech was set to go public, Ma made incendiary comments that didn't go down well with the president or other governme...
Tags: Hong Kong, Microsoft, Kentucky, Finance, China, Ipo, Trends, Tech, Markets, Regulation, Xi Jinping, Shanghai, Alibaba, Ant Financial, Jack Ma, Wall Street Journal

China's Xi Jinping personally halted Ant's record-breaking $37 billion IPO after boss Jack Ma snubbed government leaders, report says

Jack Ma shakes hands with Chinese President Xi Jinping during a visit at Microsoft's main campus September 23, 2015 in Redmond, Washington. Ted S. Warren-Pool/Getty Images Ant Group's historic $37 billion IPO was personally halted by Chinese President Xi Jinping after boss Jack Ma criticized government leaders, the Wall Street Journal reported.A week before the Chinese fintech was set to go public, Ma made incendiary comments that didn't go down well with the president or other governme...
Tags: Hong Kong, Microsoft, Kentucky, Finance, China, Ipo, Trends, Tech, Markets, Regulation, Xi Jinping, Shanghai, Alibaba, Ant Financial, Jack Ma, Wall Street Journal

An Uber-like Chinese startup for trucks seeks to raise about $2 billion ahead of its 2021 IPO, report says

VCG / Contributor A Chinese startup that offers truck-hailing services is raising almost $2 billion ahead of its planned 2021 initial public offering, the Wall Street Journal reported.The Uber-style service, known as Full Truck Alliance, is valued at $10 billion ahead of the capital fundraising.The company counts a number of prominent names among its investors including Japan's SoftBank and Google parent Alphabet. Full Truck Alliance claims it is China's largest truck-hailing company.Visit...
Tags: Google, Transportation, Japan, Finance, China, Ipo, Softbank, Funding, Trends, Trucking Industry, Markets, Fundraising, Transport, Truck, Morgan Stanley, Wall Street Journal

Uber has its highest close since IPO

Uber shares surged 7.38% to close at $48.18 following news that a vaccine candidate is 90% effective at preventing COVID-19, and could start coming to market in a matter of months. The announcement by drugmakers Pfizer and BioNTech sparked widespread optimism and helped boost shares across industries that have been weakened by the COVID-19 pandemic, including services like ride-hailing. Uber’s share pop is notable beyond this one-day vaccine-news boost. This is the highest close for Uber sinc...
Tags: Transportation, Uber, California, Ipo, Tech, Automotive, Pfizer, Uber Lyft

Here comes the next IPO wave

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. Are you tired? I am. What a week. But, if you kept your eyes off American politics and instead focused on the stock market, this was not a week of stress at all. It was a celebration. Yes, the election appears to be influencing stocks, with investors delighted at what could be a divided government. Their bet is that with different parties in control ...
Tags: Fundings & Exits, Startups, TC, California, China, Ipo, Tech, Paypal, Jack Ma, Fintech, Udacity, Doordash, The Exchange, All Iron Ventures, Natasha Mascarenhas, The TechCrunch Exchange

Extra Crunch roundup: B2B marketplaces, edtech M&A, breaking into the $1M ARR club

I’ve worked at TechCrunch for a little over a year, but this was one of the hardest weeks on the job so far. Like many people, I’ve been distracted in recent days. As I write this, I have one eye on my keyboard and another on a TV that sporadically broadcasts election results from battleground states. Despite the background noise, I’m completely impressed with the TechCrunch staff; it takes a great deal of focus and energy to set aside the world’s top news story and concentrate on the work at ha...
Tags: Startups, TC, Entrepreneurship, Ipo, Tech, Venture Capital, SEC, Silicon Valley, Airbnb, Google Ventures, Alex, Steve, Bain Capital Ventures, Lucas, Lucas Matney, Unicorn

Daily Crunch: DOJ files suit to stop Plaid acquisition

The DOJ challenges Visa’s acquisition of a fintech startup, Apple releases the latest version of iOS and goPuff acquires an iconic alcohol retailer. This is your Daily Crunch for November 5, 2020. The big story: DOJ files suit to stop Plaid acquisition The Department of Justice is challenging Visa’s $5.3 billion acquisition of financial services startup Plaid. There were reports last month that the DOJ was investigating the acquisition, but now the department has actually filed suit. “By acqui...
Tags: Apple, Facebook, Silk Road, Twitter, Microsoft, Finance, Ipo, Tech, Nasa, Policy, Department Of Justice, Doj, Justice Department, Artemis, Visa, Miami University

Inside fintech startup Upstart’s IPO filing

While the world awaits the Airbnb IPO filing that could come as early as next week, Upstart dropped its own S-1 filing. The fintech startup facilitates loans between consumers and partner banks, an operation that attracted around $144 million in capital prior to its IPO. First Round Capital, Khosla Ventures, Third Point Ventures, Rakuten and The Progressive Corporation led rounds in the startup, according to Crunchbase data. There’s quite a lot to like in Upstart’s IPO filing, including ra...
Tags: Fundings & Exits, Startups, TC, Finance, Ipo, Tech, Artificial Intelligence, Aerospace, S-1, Fintech, First Round Capital, Online Lending, PitchBook, Upstart, Progressive Corporation, Airbnb IPO

4 questions as Airbnb’s IPO looms

Almost on command after we asked yesterday if a rash of technology IPOs were about to land, news broke that Airbnb plans to drop its S-1 filing early next week with a December roadshow. The document will be of intense interest for shareholders — as well as public investors who hope to purchase shares in the home-sharing unicorn. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. Per Reuters, which broke the n...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, Airbnb, Reuters, EBITDA, The Exchange

China just suspended Ant Group's $34 billion IPO, the largest in history. Here's how the company was spun out of Jack Ma's Alibaba and has transformed the global fintech market.

Jack Ma in 2018. Valery Sharifulin\TASS via Getty Images Ant Group, an affiliate fintech company of Chinese retail behemoth Alibaba, has been gearing up to go public with an anticipated valuation of around $300 billion. The company was formed in 2014 to run Alipay, a ubiquitous digital payment service used by millions of Chinese shoppers. Ant Group was initially scheduled to begin trading in China this week, but its IPO was suspended after Chinese officials conducted regulatory interviews ...
Tags: Apple, Amazon, Hong Kong, UK, Finance, China, Ipo, US, Trends, Strategy, Tech, Paypal, Cnn, Vienna, House Of Representatives, Shanghai

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