Author: TechCrunch News

Tesla has topped Wall Street delivery estimates in the second quarter of 2023 as the automaker’s many price cuts and the Biden administration’s federal electric vehicle tax credits take effect. The Elon Musk-owned EV-maker reported record global production of 479,000 units and record deliveries of 466,140. That’s up 10% from the 422,875 Tesla EVs delivered…

As part of our ongoing coverage of VC performance in the first half of 2023, TechCrunch+ surveyed 15 investors about their investment cadence and their plans for the second half of the year. As expected, it appears a good mix of investors wrote checks at the rate they’d aimed for, while others fell a bit…

If you live in a state where online sports betting is legal, companies like FanDuel, Caesars Sportsbook and DraftKings don’t let you forget it. They dominate TV ad slots during sports games and seemingly everywhere else, too. They give the mirage that the market is saturated with no room for startups. Betr, well, wouldn’t bet on…

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. The rise of FinOps already fueled multiple acquisitions, including IBM’s plan to acquire Apptio for a whopping $4.6 billion, but I bet there’s…

It’s that time of week again, folks. Welcome to Week in Review (WiR), TechCrunch’s regular digest of the past week in tech. New here? Not to worry — sign up here to get WiR in your inbox every Saturday, then read on for the week’s recap. This week, we’re covering Netflix quietly axing its basic…

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. This week, I’ve been doing a lot of thinking about how some of the biggest companies in the world have as much — if not more — power than entire countries. Most countries, at least, have some level of democratic…

Travis VanderZanden’s slow-motion departure from Bird is now complete. The scooter rental company announced in a late-Friday news dump that the executive has stepped down from his role as chairperson of Bird’s board, “effective immediately.” Replacing VanderZanden is John Bitove, who played a role in saving Bird’s bacon this past December via its merger with…

Apple is the first publicly traded company to close a trading day with a $3 trillion market value. The company’s shares climbed about 2.31% on Friday to a new high. The tech giant first reached a $3 trillion market cap back in January 2022, but failed to close at that level. Apple’s stock has skyrocketed…

Fund of funds (FoF) were created to serve as a bridge for LPs to get access to managers they couldn’t back otherwise. But in an environment where funds are not seeing consistent support from their existing LPs, and there are more venture funds than ever, is their role still relevant? Fund of funds fundraising —…

Everyone knows that raising venture capital has been harder for startups lately — unless you are building an AI startup, of course. But instead of only talking to founders, we’re flipping the script today. We wanted to hear from investors how their portcos are handling a cash-light environment. To that end, TechCrunch+ recently asked 11…