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New productivity app Routine manages note-taking and task management – TechCrunch


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Hello and welcome to Daily Crunch for October 25, 2021. What a day. We kicked off with information {that a} main, multibillion-dollar tech deal was kaput and closed out the buying and selling day on information that one other tech agency had reached the trillion-dollar market cap threshold. Facebook additionally reported earnings proper after the bell, and TechCrunch dropped a number of {hardware} opinions. Tired but? It’s Monday. – Alex

P.S. Our SaaS event is in two days; get hype.

The TechCrunch Top 3

  • PayPal calls off Pinterest deal: So a lot for the fintech-social media tie-up of the last decade. U.S. fintech large PayPal has killed off its potential purchase of Pinterest. Shares of PayPal rose. Shares of Pinterest cratered. I suppose our basic skepticism of the deal wasn’t too far off the market.
  • Tesla reaches $1T market cap: You might have missed it, however Tesla is now value greater than Facebook today, cresting the $1 billion market cap market at present throughout common buying and selling, whereas the social community closed the day value a number of dozen billion much less. What drove Tesla’s positive factors? Hertz, amazingly sufficient.
  • Facebook misses revenue expectations, promises reporting changes: After the bell at present, Facebook reported its Q3 2021 earnings, together with a income miss, a per-share revenue beat, and information that it intends to interrupt out its AR and VR revenues right into a separate class from right here on out. The latter is sweet information, although we’d respect extra granular monetary reporting from throughout the Empire of Zuck now that we all know the corporate is able to it. Shares of Facebook are up barely, if nonetheless underwater from their Friday declines that came in the wake of Snap’s Q3 report.

Startups/VC

Before we get actually underway with all of our startup protection, we now have a brand new merchandise from Unicorn Land: New York tech company Braze is going public. While it was not a unicorn when it final raised capital, the corporate will almost definitely crash by way of the $1 billion valuation mark when it debuts on the general public markets.

  • All hail our commercial space future: A consortium of companies are coming collectively to construct a business house station. Given how quickly the ISS is displaying its age, it is a good factor. Sierra Space introduced that “Blue Origin and Boeing would be joining the team to send the [private space station] to orbit in the second half of the decade.” We are nearer and nearer to our Bond-villain future that we’ve all lengthy awaited.
  • Selfbook raises capital, pivots to business focus: The pandemic shook up quite a bit. Where we work. How we socialize. For hotel-booking firm Selfbook, it shook up its enterprise mannequin. Now working for different corporations, Selfbook “claims that its software gives hotels a way to accept ‘one-click’ payments directly on their websites while eliminating fraud and reducing chargebacks.” The startup is now value $125 million.
  • Cameo books acquisition: The celebrity-booking service Cameo has confirmed to have a well-liked mannequin. You pays a payment and have a celeb or different notable determine document a message for you. I as soon as acquired one from an Eagles participant {that a} buddy commissioned for me. Fun instances. Anyhoo, the corporate has made its first acquisition, choosing up Represent, which TechCrunch describes as “a marketing and merch company that helps celebrities and brands set up individualized online storefronts.” You can see the synergies, clearly.
  • Are all the startup names taken? Here at TechCrunch, we joke that there are too many enterprise capital companies, a lot in order that they’re beginning to double-up on names. For Example, Shine Capital and Shine Capital. Regardless, a startup referred to as Y42 has raised funds, displaying the world tips on how to keep away from utilizing another person’s identify. The Berlin-based startup has constructed a low-code knowledge platform and simply raised a $31 million Series A.
  • Even more money to roll-up e-commerce brands: The race to purchase e-commerce sellers continues this week with Boston-based Thrasio elevating $1 billion extra for its efforts. The firm is now value $10 billion. That’s a lot of cash. Per TechCrunch, the corporate is shopping for greater than a model every week, and has 200 in its portfolio. Wild.
  • New task app aims to tell you what you’re supposed to be doing right now: Meet Routine, a brand new startup engaged on a productivity instrument that ought to provide help to handle your work day extra effectively. It’s a model new tackle to-do lists because it combines each duties, non-actionable notes and a day by day planner.

Fintech’s rising function within the healthcare revolution

Health care spending accounts for nearly 18% of U.S. GDP, so it’s no shock that digital well being is attracting document ranges of funding. This 12 months, VCs have flowed $14.7 billion to well being tech startups, in comparison with $14.6 billion in all of 2020.

Given the excessive price of care within the United States in comparison with different nations, pairing fintech with well being tech is simply good enterprise.

Simon Wu, an funding director with Cathay Innovation, says he’s paying shut consideration to those areas of convergence:

  • Data and the transition to value-based care.
  • Gamifying shopper wellness to stave off persistent sicknesses.
  • Fintech for affordability and decreasing friction.

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

Big Tech Inc.

Look, it’s {hardware} season. You can inform as a result of it’s getting colder exterior. That signifies that Christmas is coming. That means shoppers are searching for stuff to purchase. So, new {hardware}.

TechCrunch has you sorted, in the event you require a set of opinions that will help you determine what piece of {hardware} you want. So, right here’s our Google Pixel 6 review and our review of Apple’s new Airpods and its new 14-inch MacBook Pro. Apple’s new OS is also now live.

  • YouTube warns creators on lame kids’ content: If you churn out content material on YouTube that you just declare is for teenagers, however is “low quality, encourages negative behavior or attitudes or is heavily commercial,” get able to cease being profitable in your movies. YouTube goes to yank monetization of movies thereof. This raises questions, like, “If YouTube can tell which kids-focused videos are low quality, why did it let them onto its platform in the first place?” And, “Is demonetization enough?”
  • Microsoft to bring Shopify merchants to its platforms: Following in Google’s footsteps, Microsoft has teamed up with e-commerce large Shopify to assist get retailers that use its companies onto Bing, Edge and different Redmond software program merchandise. Bing retains search market share, thoughts, so that is excellent news for Team Shopify.
  • In the Good News information at present, Best Buy and Home Depot are halting sales of hardware from “Chinese video surveillance technology makers Lorex and Ezviz” over what we described as “links to human rights abuses.”

TechCrunch Experts

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Image Credits: SEAN GLADWELL / Getty Images

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