Page 29 - Extra Crunch News Today

The big story: NYSE won’t delist Chinese telcos The New York Stock Exchange is reversing a recent decision to delist China’s three major telecom operators — China Mobile, China Unicom and China Telecom — which was supposed to be part of a Trump administration policy to block investment in companies that supply and support China’s military. The exchange said the reversal is taking place “in light of further consultation with relevant regulatory authorities,” and that shares will be...

Extra Crunch Live is back in 2021, connecting founders with tech giants and each other In April 2020, when the entire world was laser-focused on the coronavirus pandemic, we realized that startupland was in unprecedented territory. How should startups navigate fundraising, operations, and better understand the market?  In a matter of a couple weeks, we spun up a little series called Extra Crunch Live, giving Extra Crunch members the chance to hear from and connect with leaders across the indus...

At $35 to $39 per share, Poshmark’s IPO could 5x its last private valuation The new year is off to a busy IPO start. As The Exchange reported a few weeks ago, investors anticipate a busy Q1 IPO cycle, followed by a slower Q2 and a busy Q3 and Q4. With Affirm releasing an initial IPO price range last night and Poshmark repeating the feat this morning, private-market investor expectations are holding up thus far. Secondhand fashion marketplace Poshmark anticipates its IPO could price between $...

Extra Crunch’s top 10 stories of 2020 Plus: One TechCrunch op-ed I edited hundreds of stories in 2020, so choosing my favorites would be an exercise in futility. Instead, I’ve tried to gather a sample of Extra Crunch stories that taught me something new. (Which means this top 10 list betrays my ignorance, a humbling admission for a know-it-all like myself.) While narrowing down the field of candidates, I realized that we’re covering each of the topics on this list in greater depth next ye...

Apple faces a major setback in one of its legal fights, VMware sues a former executive and Google tests a new short-form video feature. This is your Daily Crunch for December 29, 2020. The big story: Judge dismisses Apple copyright claims against Corellium Apple filed a lawsuit last year against Corellium, a company that allows […]

Daily Crunch: Telegram prepares to monetize 28th Dec 2020    |    Source: TechCrunch Telegram will introduce ads, TikTok’s parent company is moving into drug discovery and President Trump continues his battle against Section 230. This is your Daily Crunch for December 23, 2020. The big story: Telegram prepares to monetize Telegram founder Pavel Durov said the messaging app will introduce advertising next year on public one-to-many channels. Durov wrote on his Telegram channel the ad pl...

Unpacking Qualtrics’ brand-new S-1 filing The Exchange is taking a break from vacation to dig into the new Qualtrics S-1 filing. Then the column and newsletter are back on hold until January 4. This afternoon, Qualtrics, a software company that helps companies poll their employee base, customers and others, filed to go public. It’s the second time that the Utah-based unicorn has done so, failing the first time to complete its offering after SAP swooped in and bought it for around $8 billion...

SURPRISE! It’s December 23rd. How? Because time doesn’t make sense anymore and last week was really a month ago and April was yesterday. Last-minute shopping is always pretty dreadful, but this year particularly so. No one should be dropping their social distancing practices just to battle crowds for a twice-returned air fryer. Online retailers, meanwhile, have been warning of shipping delays since before December even started. Fortunately, subscription boxes and services exist. They’re e...

The big story: Alibaba faces antitrust probe China’s State Administration for Market Regulation said that it’s investigating the e-commerce giant over a policy that forces merchants to sell exclusively with Alibaba and skip rival platforms JD.com and Pinduoduo. “Alibaba will actively cooperate with the regulators on the investigation,” the company said in a statement. “Company business operations remain normal.” Meanwhile, Chinese authorities have already called off the initial publ...

Heading into 2021: Venture fundraising, liquidity and the everything bubble Our final column of the year The last 12 months have provided us with shocking lows and surprising highs. In startup land, great expectations in January and February were followed by dashed hopes in March. Those woes were followed by April despair, surprised optimism from May through June, and, finally, a straight shot all the way to the moon through December. It’s been a lot. But it’s all behind us. We don’t need...