Tech

WeAre8 launches crowdfunder for its social media app, where users are paid to watch ads

With Elon Musk’s recent interest in Twitter, Facebook’s growth flattening, and TikTok’s meteoric rise, it feels like the world of social media is back into some kind of inflection point period. Consumers seem hungry to try out new platforms again, and entrepreneurs are delivering. Last year the Supernova app launched as a ‘ethical alternative to …

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Valued at $50M, Body404 wants to bring Chinese indie brands to the world

Over the past few years, Shein has taken over online fast fashion by exporting affordable wear from China to customers around the globe. Its success has attracted a wave of imitators, but a startup called Body404 believes China isn’t just about cheap runway knockoffs. The country is also seeing a budding generation of cosmopolitan designers …

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Indian food delivery giant Swiggy is acquiring Dineout for $200 million

Swiggy has amassed millions of users in India, helping them order food and grocery online in the country. The seven-year-old startup, India’s most valued food tech, is now looking to reach those who go out to eat. The Bengaluru-headquartered startup said on Friday it has reached a definitive agreement with the Indian conglomerate Times Internet …

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Binance halts Luna and UST trading across most of its spot pairs following meltdown

Binance, the world’s largest cryptocurrency exchange by volume, has suspended trading of Terraform Labs’ Terra (Luna) and TerraUSD (UST) tokens across most of its spot pairs, and for Luna, additionally across all of cross margins and isolated margins pairs following one of the biggest meltdowns in the history of cryptocurrencies. The move, which follows the …

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‘Move fast and break things’ is a bad idea for health tech startups

Rachel B. Goodman Contributor Share on Twitter Rachel B. Goodman is a partner at Foley & Lardner and is a member of the firm’s national telemedicine and digital health industry team. Nathaniel M. Lacktman Contributor Share on Twitter Nathaniel M. Lacktman is a partner at Foley & Lardner and chair of the law firm’s national …

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Hear from Aurora, Nvidia and Waymo about the two roads to autonomous driving at TC Sessions: Mobility

The road to commercializing autonomous vehicle technology for people has split into two paths. In one camp, AV developers like Argo AI, Aurora, Cruise, Motional, Waymo and Zoox are aiming straight for full autonomy — a system that can handle all driving within certain conditions and with no expectation for a human to take over. …

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SkySpecs watches wind turbines from above, lands $80M led by Goldman Sachs

As wind energy gains ground in the U.S., SkySpecs is using drones and AI to detect future equipment failures before they grind those giant turbine blades to a halt. The company, which works with wind farms to monitor the health of turbine blades from above, has locked down a fresh $80 million Series D round …

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Uber shareholders get closer to passing lobbying disclosure proposal

Uber shareholders voted against a proposal that would have required the ride-hailing company to fully disclose its direct and indirect lobbying activities and expenditures, according to a regulatory filing released Thursday. The measure has been proposed and rejected by shareholders before. But this year’s results shows a growing number of shareholders are keen to require …

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Daily Crunch: Key Twitter executives depart following Elon Musk ownership deal

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Thursday, May 12, so Happy Friday Eve. Congrats to the “GoogleCrunch” team, which wrote something like 28 stories yesterday to cover Google I/O. You can catch all of the Googliness here. …

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