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European privacy regulators fine Amazon $887M over targeted advertising practices – TechCrunch


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Hello and welcome to Daily Crunch for July 30, 2021. What every week, my pals. It was packed filled with IPOs and earnings and startup information and new enterprise funds. And as we speak was no exception. Before we get into it, nevertheless, I’m completely satisfied to report that Calendly CEO Tope Awotona is coming to Disrupt. It’s additionally the last day for early-bird passes, that are low-cost. See you there! — Alex

The TechCrunch Top 3

  • Elon vs. Tim Apple: Earnings season is normally replete with CEOs and different execs saying only a few, normally boring issues. That’s as a result of there are guidelines about what CEOs and different company leaders can say when their firms are public. Then there’s Elon Musk, who took a poorly veiled potshot at Apple throughout Tesla’s earnings name, and adopted it up by tweeting that Apple’s App Store reduce is a tax on the web. Game on.
  • Why Robinhood went public: TechCrunch spoke with the corporate’s CFO earlier this week about why this was the precise time for the patron buying and selling service to go public. His reply? The firm had executed the work on exec expertise, product work, security and was prepared. We additionally dug into why the corporate’s debut has been a bit staid.
  • Gopuff confirms $100M investment: The on-demand supply firm is now price $15 billion after the most recent funding, which means that the so-called “instant” supply area is now higher funded than ever. Who put the capital in? A raft of crossover funds and different capital swimming pools. This is a win for SoftBank’s Vision Fund, thoughts.

Startups/VC

  • A good day for startups starting with the letter “Y:” Remember Yik Yak? And Yac? And Yo? Well, now preserve your thoughts wrapped round Yat, a startup that has bought tens of thousands and thousands of {dollars} in emoji strings that may symbolize your particular person or character. I might mock this however I believed Bitmoji had been dumb, so what do I do know.
  • Outvio closes $3M round for its white-label fulfillment service: Hailing from identified startup hub Estonia, Outvio desires to construct a SaaS enterprise round its white-labelable “fulfillment solution for medium-sized and large online retailers in Spain and Estonia,” TechCrunch stories. Frankly given how large the e-commerce recreation is getting, the concept behind Outvio shouldn’t be a shock. Let’s see what it might get executed with its new capital.
  • Let’s build stuff in space: That’s what we presume Varda Space pitched when it was busy elevating a $42 million Series A spherical. Why construct stuff in area, which is difficult to get to? Microgravity. Varda desires to have its first space-based manufacturing hub arrange by 2023. My internal science fiction nerd is hyped.
  • Porter wants to build a PaaS offering to make Kubernetes management better: The YC graduate simply raised $1.5 million for its work as well. In brief, the founding crew appreciated tech like Kubernetes, however didn’t like managing it. So they constructed a instrument to make that work simpler. Why Porter raised a 2012-era seed spherical is past us, however the firm can absolutely entry extra funds if issues go nicely.

The greatest solution to develop your tech profession? Treat it like an app

Many technical employees aren’t extraordinarily profession centered; on common, they’re paid greater than different startup workers, and essentially the most gifted typically get to work on initiatives that curiosity them personally.

But the rising demand for expertise is offset by an ongoing scarcity: Companies can’t rent builders and engineers quick sufficient, although many nonetheless don’t see themselves as in-demand employees.

“To put it bluntly, many developers and engineers stink at managing their own careers,” says Raj Yavatkar, CTO of Juniper Networks.

Breaking away from conventional tech tradition could be difficult, so Yavatkar recommends that builders and engineers “treat career advancement as you would a software project.”

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Big Tech Inc.

Fires, the moon and a European fine? We have all of it for you as we speak in our large know-how watchlist:

  • 13 tons of Tesla batteries ignite: Batteries typically catch fireplace. Samsung discovered this again within the day. Tesla is the latest sufferer. A 13-ton Tesla Megapack caught fireplace in southeast Australia just lately, which made the information. No one was damage.
  • Blue Origin won’t get a moon rover deal: After providing a closely discounted venture to the U.S. authorities, Blue Origin received’t get what it wished after its request was turned down. A problem to a SpaceX contract by Dynetics was additionally denied. So a lot for that.
  • The EU fines Amazon its lunch money: Luxembourg’s National Commission for Data Protection, or CNPD, has assessed a mammoth fine price €746 million in metric, or $887 million in furlongs per fortnight. Amazon was not happy with the GDPR-derived fine. But nonetheless, the corporate generates tens of billions of {dollars} in working money move every year. How a lot does this fine actually damage?
  • Airtel Africa’s mobile money arm raises another $200M: As TechCrunch has famous, there’s more and more capital flowing into all things digital in Africa. And startups aren’t the one teams touchdown checks. African telco Airtel Africa’s cell cash unit has raised numerous capital in current weeks, together with a recent $200 million from an affiliate of the Qatar Investment Authority. Mastercard and TPG are additionally buyers.

TechCrunch Experts: Growth Marketing

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Image Credits: SEAN GLADWELL (opens in a new window) / Getty Images

We’re reaching out to startup founders to inform us who they flip to when they need essentially the most up-to-date progress advertising practices. Fill out the survey here.

Read one of many testimonials we’ve acquired under!

Marketer: Ascendant 

Recommended by: Robyn Weatherley, Thirdfort Limited

Testimonial: “Beyond their knowledge and experience (which is in abundance!), they have a deep understanding and appreciation for the unique challenges early-stage businesses have. They are in tune with the particular hurdles at various stages of growth and are able to adapt their working style dependent on those. They haven’t just helped us execute vital growth tactics, but they’ve helped us set up the framework to keep executing on those whether we are 5, 50 or 500 people. This is incredibly important as we scale and to demonstrate to future investors. They are also exceptional mentors and are able to offer real-world advice and work flexibly to suit the ever-changing nature of a high-growth early-stage business.”



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