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.....»»
Bumble files to go public
The dating and networking service Bumble has filed to go public. The company, launched by a former co-founder of the IAC-owned Tinder, plans to list on the Nasdaq stock exchange, using the ticker symbol “BMBL.” Bumble’s planned IPO.....»»
Group Nine’s SPAC goes public
Group Nine Media revealed last month that it was forming a SPAC (short for special purpose acquisition corporation) in order to raise money for acquisitions. The company has now moved forward with those plans, announcing last night that it had priced.....»»
Home services platform Porch acquires four companies
Only a few weeks after its SPAC IPO, Porch today announced that it has made four acquisitions, worth a total of $122 million. The most important here is probably the acquisition of Homeowners of America for $100 million, which gets Porch deeper into.....»»
New Horizons spacecraft answers the question: How dark is space?
How dark is the sky, and what does that tell us about the number of galaxies in the visible universe? Astronomers can estimate the total number of galaxies by counting everything visible in a Hubble deep field and then multiplying them by the total a.....»»
The automotive industry has got SPAC madness, and it may not end well
Combination of electric vehicle mania and blank-check companies proves volatile. Enlarge / Fisker now has a market cap of $4.1 billion thanks to a SPAC reverse merger in 2020. It says that the Ocean SUV will be the most sustainable vehicle ever.....»»
2021: A SPAC odyssey
Perhaps these companies would have merely stayed private sans SPACs. If that's true, two cheers for blank-check companies? There are a number of ways to take a private company public: You can pursue a traditional IPO, sell a chunk of shares.....»»
Bootstrapping to $80M ARR
So much for a quiet start to the year. Any hopes of 2021 giving us respite from the turbulent waters of 2020 went splat, as the first week of the New Year was busy with venture capital deals, IPO news and SPAC news. Welcome back to The Tech.....»»
SoFi to go public in merger with Chamath Palihapitiya’s newest SPAC
Consumer financial services startup SoFi is going public via a merger with special purpose acquisition company Social Capital Hedosophia Holdings Corp V, one of a series of blank-check companies formed by venture capital investor Chamath Palihapitiya.....»»
Lidar startup Aeva adds $200 million to SPAC deal
The investment from hedge fund Sylebra Capital Management is expected to boost total proceeds from a planned merger with a special-purpose acquisition company to $563 million......»»
How Counting Calories Became a Science
Calorimeters defined the nutritional value of food and the output of steam generators Photo: National Institute of Standards and Technology Digital Collections This 1937 steam calorimeter was invented at the U.S......»»
A new use for satellites: Counting elephants from orbit
A surprising new technique may be able to help monitor elephant population numbers: Using satellites to count elephants from orbit......»»
Facebook Managers Trash Their Own Ad Targeting In Unsealed Remarks
An anonymous reader quotes a report from The Intercept: Facebook is currently waging a PR campaign purporting to show that Apple is seriously injuring American small businesses through its iOS privacy features. But at the same time, according to alle.....»»
Group Nine Media forms a SPAC to fund acquisitions
Group Nine Media — which owns Thrillist, NowThis, The Dodo, Seeker and PopSugar — is the latest company to form a SPAC, according to a filing with the SEC. These blank-check corporations, as they’re also known, have become a popular way to.....»»
Lidar startup Ouster reaches deal to go public with $1.9B value
The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree to a SPAC merger, following Velodyne Lidar Inc, Luminar, Innoviz and Aeva......»»
US strikes at the heart of China"s bid to become a tech superpower
China had been counting on its biggest chipmaker to help the country eventually reduce its reliance on the likes of Intel and Samsung. The United States just put those ambitions in jeopardy......»»
SoftBank will reportedly file for a SPAC on Monday
SoftBank Investment Advisers may file as early as Monday to raise between $500 million and $600 million through an initial public offering of its first special purpose acquisition vehicle, reports Axios. SoftBank Investment Advisers manages the two V.....»»
Here"s why some McDonald"s restaurants are putting cameras in their dumpsters
Jason Gates spends a lot of his time thinking about trash, and how we can generate less of it......»»
Here"s why McDonald"s restaurants are putting cameras in their dumpsters
Jason Gates spends a lot of his time thinking about trash, and how we can generate less of it......»»
VSCO acquires mobile app Trash to expand into AI-powered video editing
VSCO, the popular photo and video editing app, today announced it has acquired AI-powered video editing app Trash, as the company pushes further into the video market. The deal will see Trash’s technology integrated into the VSCO app in the mon.....»»