Page 28 - Extra Crunch News Today

The big story: Samsung unveils Galaxy S21 line Samsung’s new line of phones includes the S21, S21+ and S21 Ultra, priced at $799, $999 and $1,119 respectively, an across-the-board price cut of $200. Brian Heater writes that the Ultra, in particular, “has one very important trick up its sleeve” — namely compatibility with the S Pen. All three phones are available for pre-order now and start shipping on January 29. In addition, Samsung announced the Galaxy Buds Pro, which cost $199 and co...

We could be looking at a 2021 IPO market that resembles last year's heated results.

The big story: Parler sues Amazon after going offline President Donald Trump has found himself banned from most of the major social media and internet platforms, with companies pointing to his role in inciting the violent takeover of the U.S. Capitol last week, as well as his continuing statements expressing support for the rioters. Right-wing social network Parler might seem like an obvious beneficiary of those bans, but the app itself has come under scrutiny — Apple and Google removed it fr...

Perhaps these companies would have merely stayed private sans SPACs. If that's true, two cheers for blank-check companies?

This morning Affirm, the buy-now-pay-later financing startup, raised its IPO price range to $41 to $44 per share, up from a previous range of $33 to $38 per share. The sharp repricing is steep in percentage terms, with the bottom end of Affirm’s range rising a little more than 24% and the top end gaining […]

The big story: Roku buys Quibi’s content library If you’re wondering what will happen to Quibi shows like “Most Dangerous Game” and “Chrissy Court,” wonder no longer: They’re going to Roku. The streaming TV platform announced today that it has acquired the global rights to Quibi’s content library, which it plans to bring to The Roku Channel, free and ad-supported, some this year. This includes “more than a dozen” shows that never got a chance to stream on Quibi before the ap...

Ready? Let’s talk money, startups and spicy IPO rumors. 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 (Divvy! Gtmhub!), IPO news (Affirm! Poshmark! Roblox!), SPAC news (SoFi! BuzzFeed!), and violence in the American capital. We’ll get to all of that in a minute, minus the political stuff as I don’t have the heart to scream again before the work w...

The Roblox direct listing will lay down some groundwork for new conventional wisdom when it comes to pricing public listings and which methods are good to use.

Extra Crunch roundup: 2 VC surveys, Tesla’s melt up, The Roblox Gambit, more This has been quite a week. Instead of walking backward through the last few days of chaos and uncertainty, here are three good things that happened: Google employee Sara Robinson combined her interest in machine learning and baking to create AI-generated hybrid treats. A breakthrough could make water desalination 30%-40% more effective. Bianca Smith will become the first Black woman to coach a professional baseball ...

With 5 new unicorns in first week of 2021, are we in for a stampede this year? What a week. Democracy is still standing and the nation is getting back to work, so let’s press forward, even if it does feel surreal to cover business news after witnessing a live-streamed coup attempt. Setting aside the tectonic political moment, there’s plenty of activity inside the world of startups we need to discuss. The pace at which new unicorns are being announced feels incredibly rapid, possibly imply...