Ending a 4-year partnership, DoorDash will stop delivering Walmart groceries next month – TechCrunch
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If you follow the ups and downs of the crypto industry, you won’t want to miss this twitter space Mondays at 12:00 p.m. PDT/3:00 p.m. EDT. Senior Crypto Journalist Anita will speak with Sam Rosenblum and Breck Stodghill on where they see the hottest opportunities among early-stage Web3 businesses.
TechCrunch’s top 3
- Delivery depot: When a door opens for DoorDash, another door closes. Earlier this week, we reported that DoorDash and Facebook are becoming fast friends as they pilot a program to pick up and drop off Facebook Marketplace items for customers. Now, Aisha reports that DoorDash may end its delivery relationship with Walmart in September. Walmart might not be too upset about the breakup, as it has been working on its own delivery efforts.
- Fall Facebook: The social media giant is “losing its grip”, as Sarah Put it, on younger consumers who prefer newer apps like TikTok and BeReal. The proof? Facebook just can’t stay in the Apple App Store Top 10. While this phenomenon isn’t new to them, Sarah has more information if it’s time for Facebook to get concerned.
- Take advantage of love: Former Bolt CEO (this one) Ryan Breslow may still be in Twitter hot water for his comments on barriers to competition, but he recounts Connie that he has “no regrets” about anything he said. Instead, he’s jumping headfirst into new startups, including a “people-powered pharma” startup called Love.
Startups and VCs
“IPO has been an extremely rare outcome for robotics companies, even in the (now gone) golden age of SPACs. Given the state of the overall market, some planned SPACs have been suspended in the meantime, in the hope of following more favorable trends”, brian writes as he discusses the three real robotic startup results in his impressive Actuator newsletter. It’s all about robotics, and you can subscribe to it and all our other newsletters. We don’t know if the form will ask if you’re a robot to sign up for our robotic newsletter, but that would be especially fun.
During this time, there was a bunch of actions in the area of automatic transcription and note taking, like Rita reports that Otter.ai challenger Airgram has raised $10 million. Probably not in response to this, but IvanThe report is remarkable – Otter.ai reduces its free plan to a maximum of 300 minutes per month, but opens its recording bot to everyone.
Five more that caught our eyes and ears:
- Slaughter card: Uni, the Indian paid card startup, plans to temporarily suspend its card services in the South Asian market in accordance with the local central bank’s guidelines on digital lending, pot holder reports.
- Rollup process: Mary Ann reports that something is changing in the world of fintech, as fintech executives at a16z say “Silicon Valley is unbundling”.
- A locker for your keys: If hackers steal secret codes and empty wallets, users have no way to recover their funds. Safeheron gets $7 million to make these keys more secure, reports Rita.
- More money for African pre-seed startups: Microtraction, an early-stage venture capital firm that invests in pre-seed-stage African startups, announces that it has reached the first close of $15 million of its second fund, Tags reports.
- Say what?: Beca reports that the FDA’s decision to allow over-the-counter hearing loss technologies will accelerate innovation in the industry.
5 investors explain why longevity tech is a long-term game
In the United States, the average life expectancy has fallen for two consecutive years. In 2019, it was 78.86 years, but in 2020, this figure decreased by 2 years and 3 months.
The drop was due to COVID-19, but journalist Anna Heim interviewed five investors who back startups developing technology that could allow us to live longer, healthier lives.
Longevity is a nascent vertical today, but “the space is just getting started and will infiltrate every aspect of our lives in the next five to 10 years,” one respondent said.
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
If you always feel like someone is watching you, it might be TikTok. Natasha L reports on some independent research that has surfaced regarding TikTok’s in-app browser injection code – a term called keylogging – that could allow it to monitor keystrokes and taps that occur on sites Third-party web inside TikTok. Developer Felix Krause, who led the research, said just because TikTok could do it doesn’t mean it’s malicious.
How much are you willing to pay to drive an electric vehicle? Lucid is betting at least $249,000. This is the price of its new Sapphire performance EV, Kirsten writing. Now, to be fair, it has a glass roof, three motors, and a sweet color.
- Empty your closet: Online home goods retailer Wayfair saw its shares tumble today after announcing it would lay off nearly 900 people, or around 5% of its workforce. Andrew writes that the move is “a way to reprioritize investment needs and meet current business needs.”
- Take your hat off: W4 Games, a new company from the creators of the Godot game engine, is tapping into the wisdom of commercial open source software giant Red Hat to take Godot to the next level. Paul has more on how W4 plans to do this.
- Clean your plate: European food delivery company Just Eat Takeaway is selling its stake in Brazilian company iFood to Prosus for up to $1.8 billion in a bid to raise cash “in times of crisis”. Paul writing.
- Fold your phone: brian is having fun pulling out two of Samsung’s foldable phones and showing his friends their reactions. Here he reviews the Samsung Galaxy Z Flip 4.
- Know the history of your car: Lincoln’s idea of an electric vehicle concept car is a bit far-fetched. Jaclyn writes that the Lincoln Model L 100 concept “pays homage to the brand’s first luxury vehicle, the 1922 Model L.” You will have to see it for yourself.