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Welcome to the Daily Meeting on Wednesday, April 6, 2022! Today, Pinterest announces ban on all misinformation about climate change on its platform, and we can talk… about time! Expect all other platforms to follow suit.
Also, while we’re using our little soapbox: The Earth is not flat and vaccines have very little impact on your 5G reception. Unfortunately, because we still cannot buy more than a few bars in the supermarket.
TechCrunch’s Top 3
- Sources say Better.com is losing ‘$50 million a month’: We think reporter Mary Ann Azevedo did a great job keeping an eye on the Better.com drama. In the latest episode, sources revealed to her some internal meeting details that the digital mortgage lender is losing “about $50 million a month.” It’s no surprise that the company is now offering severance packages to employees it hasn’t fired. There is a meeting at town hall today, so Mary Ann will most likely have more to share in the coming days.
- Navigating the volatile e-commerce seas: As reporter Ingrid Lunden writes, “e-commerce is synonymous with shopping on Amazon, but the reality is that a retailer has the choice to use a variety of channels to sell and market products.” Productsup wants to help retailers decipher this complex and fragmented world with several sales and marketing tools that you can manage from one place.
- Yes, Twitter is considering an edit button: We did emit this edit button thingbut even after joked about it last weekTwitter now says it’s been working on an edit button for the past year, and that’s not because Elon Musk took a poll. Edit or not edit was launched this week by TC Slack, and it seems like people are anticipating one of two scenarios: Spelling mistakes will be fixed or misinformation will be rampant.
Start-ups and VC
TechCrunch has grown to the size of Texas today, with our opening City Spotlight in 2022, where we do what we can to help Keep Austin Wired. Connie talked to Billionaire investor Jim Breyer on why he appreciates it coming out of Silicon Valley in favor of AustinBrian checked it out How global politics and finance can bring more production to central TexasLaura Lorek did a profile on Austin tech eccentric Whurleyand Mary Ann summaries how Austin reinvented himselfachieved its current reputation as a technology hub.
Outside of the Lone Star State, it’s a big day for EV news. Rivian celebrates production milestones that puts it on track to hit its 2022 goal, which is great news for me, as it could mean that at some point I’ll clear the waiting list and get one of the cars for sale. terrain load because it’s obviously what I need to drive to my local Whole Foods. General Motors finally figured out its supply chain troubles and recalled 141,000 Bolts and activate its assembly line again. And the US government has finally figured out that if it wants to go all electricity, it has 99,000 problems in the form of missing many charging stations to power all the vehicles it wants to run.
Moar News, new from TechCrunch firehose with lots of interesting news and commentary:
- I’m too sexy for Milan, New York and Hangzhou: Zhiyi Tech raises $100 million to help fashion brands predict best sellers.
- You spin me right around, baby, right around, like a rocket, baby: SpinLaunch scores NASA test mission to demonstrate its unique launch method.
- Know when to leave, know when to run: The only failure is not learning, and in the latest episode of TC’s Fair podcast, the team discusses how Failure is an adventure of your own choosing for startups.
- A dollar is what I need (hey, hey): Docyt raises $11.5 million Series A for its AI-powered accounting automation service.
- Non, je ne internete rien: Stackblitz Raises $7.9M to Bring Better IDE to Your Browser.
- Bleep – bloop, that’s the police sound: Prepare to want to drag America’s 911 system into the modern era.
- Draw me as one of your French roasts: OpenAI’s new DALL-E model draws everything – but bigger, better and faster than before.
- Print me gently with his song: Primarily known for its battery pack, Anker launches Kickstarter campaign for its first 3D printer.
6 questions investors should ask when evaluating psychedelic biotech companies
A few years ago, the use of small amounts of psychedelic drugs to enhance one’s mood or productivity was the subject of a small talk in Silicon Valley.
Today, psychedelic therapy is being used to treat many mental health problems. And as more and more regions restrict the use of plant-based substances, investors are paying attention.
With a $25 million fundraising plan and over $15 million invested, PsyMed Ventures focuses on early-stage startups developing psychedelic therapies.
In a TC+ guest post, partners Matias Serebrinsky and Greg Kubin explore their investment thesis in detail: “We believe in a future where psychedelic therapy will be as ubiquitous as going to the doctor. dentist, but the road will not be easy.”
(TechCrunch+ is our membership program that helps founders and startup teams rise to the top. You can register here.)
Big Tech Inc.
Intel has joined other Big Tech companies, such as Apple, AMD, Adobe and General Electric, in suspension of business activities in Russia. This follows a move to stop deliveries to customers in Russia and Belarus. And don’t miss it New feature for TechCrunch by reporter Vadim Smyslov, who is covering the impact of the war on Russia’s tech workers.
We also learned today that the Federal Bureau of Investigation targeting a huge botnet controlled by Russian intelligence and was able to take it down. Called Cyclops Blink, this malware has apparently infiltrated thousands of devices, and we report “security researchers To speak botnets capable of gathering information and carrying out espionage, launching denial of service attack overload websites and servers with junk traffic as well as destructive attacks that render devices inoperable and disrupt systems and networks”. All of which makes us glad that this is beyond commissions.
Here are two more news items for you to indulge in:
- CNN + download is like a minus: CNN+ launched last week and now has about half of the downloads since it opened. We can see one or two things happening: People get tired of having one app for every channel and/or the channel needs to improve its content game.
- Visa opens its first innovation hub in Africa: Studio Kenya gives the global digital payments giant a deeper connection with the country’s developers and partners to create payment and commerce tools.