The SPAC trash ticker is counting down
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week had the whole crew aboard to record: Grace and Chris making us sound good, Danny to provide levity, Natasha.....»»
Counting strongly favors Amazon in warehouse union vote
It’s been a little over a week since union voting concluded for Amazon warehouse workers in Bessemer, Alabama. Things have been fairly quiet in the eye of the storm for most of it. That changed today, however, as vote counting began in earnest. Thu.....»»
Discarded masks litter beaches worldwide, threaten sea life
To the usual list of foul trash left behind or washed up on beaches around the world, add these: masks and gloves used by people to avoid the coronavirus and then discarded on the sand......»»
Daily Crunch: Facebook faces questions over data breach
European regulators have questions about a Facebook data breach, Clubhouse adds payments and a robotics company has SPAC plans. This is your Daily Crunch for April 6, 2021. The big story: Facebook faces questions over data breach A data breach involv.....»»
Robotic exoskeleton maker Sarcos announces SPAC plans
While it’s true the VC world has gone SPAC-happy, the reverse merger method hasn’t been a huge driver in robotics thus far, with some notable exceptions like Berkshire-Grey. This morning, however, Utah-based Sarcos Robotics announced plans to boa.....»»
Will Topps’ SPAC-led debut expand the bustling NFT market?
Twitter is abuzz with the news that Topps, a company perhaps best known for making collectible trading cards, is going public via a SPAC. The reverse merger with its chosen blank-check company values the combination on an equity basis at $1.163 billi.....»»
Private equity, a SPAC and an IPO walk into a bar
Choosing which option is best from a buffet's worth of possibilities is an interesting task for startup CEOs and their boards. The first quarter of 2021 was a busy season for technology exits. Coming off a hot period in the final quarter of.....»»
As Compass downsizes its IPO, signs of weakness appear for high-growth companies
Taken together, the various market signs could point to a modest to moderate cooling in the IPO market. For a host of companies looking to debut via a SPAC, that could prove to be bad news. On the same day that Deliveroo’s IPO fizzled.....»»
Amazon Loses Effort To Install Camera To Watch Counting of Ballots in Pivotal Union Vote
The National Labor Relations Board on Monday rejected Amazon's request to install a video camera to keep an eye on boxes containing thousands of ballots key to a high-stakes union election in Alabama. From a report: The closely-watched union election.....»»
Ballot counting for Amazon’s historic union vote starts today
Ballot counting for Amazon’s historic union vote starts today.....»»
Former GM exec"s SPAC to acquire electric aircraft startup Lilium
Qell Acquisition Corp., led by former GM North America President Barry Engle, plans to take the German startup public through a reverse merger in a deal that values the combined company at about $3.3 billion.....»»
Daily Crunch: Boston Dynamics shows off its next commercial robot
We’ve got the details on Boston Dynamics’ upcoming warehouse robot Stretch, Apple releases security patches and Cazoo is going public via SPAC. This is your Daily Crunch for March 29, 2021. The big story: Boston Dynamics shows off its nex.....»»
Knock is the latest proptech said to be eyeing the public markets
Another proptech is considering raising capital through the public arena. Knock confirmed Monday that it is considering going public, although CEO Sean Black did not specify whether the company would do so via a traditional IPO, SPAC merger or direct.....»»
Prosus classifieds group OLX shuts down Frontier Car Group’s Berlin office, OLX Autos to focus on LatAm and Asia
Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but another big used-car play is consolidating operations. TechCrunch has learned and confirmed that Berlin-based Frontier Car Group, which.....»»
Viewing Cazoo’s proposed SPAC debut through Carvana’s windshield
Can the market hold up the optimism that many SPAC-led debuts are implying in their pricing? I do not know. But there are a lot of wagers being made in the market today that are giving me pause. News that U.K.-based used car seller Cazoo in.....»»
Prosus classifieds group OLX shuts down Berlin’s Frontier Car Group to focus OLX Autos on LatAm and Asia
Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but it’s the end of the line for another big European name in used-car sales. TechCrunch has learned and confirmed that Berlin-based.....»»
Online car dealer Cazoo agrees to sell to SPAC for $7 billion
The deal with special-purpose acquisition company Ajax I will raise about $1.6 billion in proceeds, including $805 million in a cash trust from the SPAC and another $800 million from Ajax’s sponsors......»»
It’s Finally Time to Take Out the Space Trash
Junk satellites can pose risks to other objects in Earth’s orbit. Startups are testing out ways to tidy up, from magnets to robotic tentacles......»»
UK’s Cazoo will list on the NYSE by way of a SPAC, valuing it at $7B and raising $1.6B
Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will list on the NYSE by way of a business combination wi.....»»
WeWork To Go Public Via SPAC At Significantly Reduced Valuation of $9 Billion
phalse phace shares a report from CNBC: WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp in a deal that values the office-sharing startup at $9 billion including debt. It marks a steep drop from the $47 bill.....»»
Daily Crunch: Amazon makes PR push ahead of union vote
Amazon pushes back against unionization, WeWork eyes the SPAC route and there’s new spyware on Android. This is your Daily Crunch for March 26, 2021. The big story: Amazon makes PR push ahead of union vote Workers at Amazon’s fulfillment.....»»