Lucid’s first-quarter outcomes showed a company with widening losses and earnings that failed to fulfill Wall Street expectations, outcomes that despatched shares tumbling as traders nervous about need for its luxury all-electric Air sedan. Lucid Group’s shares dropped a lot more than 9% in right after-several hours trading as traders reacted to the dismal initial-quarter…
Read More “EV maker Lucid misses on revenue, earnings in Q1” »
Invesco, which led Swiggy’s earlier round, has marked down the Indian food stuff shipping giant’s valuation in its holding to about $5.5 billion, in accordance to a filing. This revised valuation, as of January 31, 2023, signifies a placing 48.6% lessen from the $10.7 billion valuation Invesco had previously attributed to the startup in the…
Read More “Invesco cuts Swiggy valuation by half to $5.5 billion” »
Partners of 3one particular4 Funds, a venture capital agency in India, recently went on a street present to raise a new fund. Inside two and a 50 % months, at the height of the worsening worldwide financial state, they experienced secured $200 million. It is the fourth marquee fund for the Bengaluru-headquartered fund, whose portfolio…
Read More “3one4 Capital, driven by contrarian bets, raises $200 million new fund” »
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, we’ll take a look at the hottest fintech news of the previous…
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It is that time of week once again, folks — 7 days in Evaluate (WiR) time. For all those new to the scene, WiR is TechCrunch’s standard publication that recaps the greatest tech tales above the past couple times. There’s no far better digest for the person on the go, we’d argue — but of…
Read More “Amazon launches free channels, check marks come to Gmail and OpenAI raises more moolah” »
Happy Saturday, dear readers! In case you weren’t already aware, Mother’s Day is next weekend, which means you have about a week or so to pick up a gift if you were planning on doing so. We’ve assembled a wide array of picks in our Mother’s Day gift guide, but, if want a quick suggestion,…
Read More “Apple’s third-gen AirPods are on sale for their best of the year” »
To get a roundup of TechCrunch’s most important and most crucial stories sent to your inbox each day at 3 p.m. PDT, subscribe listed here. Fri-Yay! If you have got some time on your arms currently, get your Disrupt tickets — early-bird price savings conclusion in 7 days! Also, it appears a tiny daft to…
Sleep tech runs the gamut from trackers and apps to expensive smart beds, but it doesn’t all address the same issues. Are you trying to see how your sleep impacts your athletic performance? Hoping to mask the sound of a snoring partner? Before you pull out your wallet, you should know how a gadget will…
Warner Bros. Discovery declared Friday that its streaming organization will convert a income in 2023. The organization beforehand mentioned it predicted to split even by 2024 and grow to be lucrative in 2025. “It is an significant time for Warner Bros. Discovery. We’ve appear by way of some big restructurings and have repositioned our organizations…
Read More “Warner Bros. Discovery’s streaming business set to become profitable in 2023” »
To get a roundup of TechCrunch’s largest and most critical tales sent to your inbox just about every working day at 3 p.m. PDT, subscribe listed here. Why, good day, Crunchers! We’re fired up to tell you that these days is Thursday! How fabulously exciting. Around on TC+, Haje has been hard at do the…
Read More “Daily Crunch: Shopify lays off 20% of staff and sells its logistics arm to Flexport” »
