August 12, 2020
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Daily Crunch: Uber confirms Postmates acquisition – TechCrunch

Daily Crunch: Uber confirms Postmates acquisition – TechCrunch

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You may have noticed that The Daily Crunch is published about six hours later than usual. Do not be alarmed! We decided that sending the newsletter on the same day is better suited for the TechCrunch news cycle – I hope there will be fewer days when we click Publish and then we moan when in five minutes we will see a giant breakthrough in history.

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We also take the opportunity to rethink the format of newsletters. The mission has not changed – the goal is to deliver major technical news of the day in an email that you can read in just a couple of minutes. But we know that different readers focus on different areas of TechCrunch coverage, so in the future The Daily Crunch will be organized in such a way as to simplify the search for news that interests you.

Without further ado: here is your daily crisis on July 6, 2020.

Great story: Uber Confirms Postmates Acquisition

Last week’s reports were true: Uber announced today that it acquires postmates in a stock transaction totaling $ 2.65 billion. It seems that the restaurant delivery market is consolidating – Uber previously tried to acquire Grubhub, which instead sold the European company Just Eat Takeaway. Company said Postmates will continue to work as a standalone application, but technological and delivery operations will be consolidated.

In the same time, Alex Wilhelm carefully studied the finances of Uber to help Extra Crunch readers understand why the stock is growing today, arguing that the acquisition could help Uber Eats “grow faster, while reducing its loss as a percentage of revenue.”

Tech giants

US tech giants stop helping Hong Kong police – After the Chinese government passed a new security law that undermines Hong Kong’s protection, both Facebook and Twitter said they would no longer process user data requirements from the Hong Kong authorities. (In the case of Facebook, this also applies to WhatsApp.)

Instagram coils tested in India after TikTok ban – Instagram may take advantage of India’s decision to ban TikTok by expanding its Reels feature, which allows users to create 15-second videos for music.

Intel Invests $ 253.5 Million in Indian Reliance Jio Platforms – Intel joins General Atlantic, Facebook and Silver Lake as an investor in India’s largest telecom operator.

Startups, financing and venture capital

Here is a list of technology companies that, according to SBA, have taken PPP money – According to the US Treasury, Bolt Mobility, Getaround, Luminar, Stackin, TuSimple and Velodyne received loans of $ 150,000 or more from the Salary Protection Program. But it is embarrassing that some of the companies on the list (including Bird and Index) refused to take any loans.

Sequoia Announces $ 1.35 Billion in Venture and Growth Fund Dollars for India and Southeast Asia – Last year, Sequoia Capital India made over 50 investments in India, ahead of any other venture capital firm in the country.

Payfazz receives $ 53 million to give more Indonesians access to financial services – This Indonesian startup offers a number of mobile financial services, including paying bills and loans.

Extra Crunch Tips and Analysis

Four views: Does edtech change the way we learn? – Devin Koldevey, Natasha Mascarenhas, Alex Wilhelm and Danny Crichton are thinking about whether digital learning can make quality education more accessible or just widen existing differences.

With the advent of COVID-19, 3D printing is undergoing a moment “Over the past couple of years, 3D printing has ceased to be in the spotlight, but the COVID-19 pandemic has changed all that.

(Reminder: Extra Crunch is our subscription program designed to democratize startup information. You can register here.)

All the rest

Hamilton presented Disney + holidays in the USA, application loading grew by 74% – This is according to data from Apptopia.

Podcast with original content: ‘Eurovision Song Contest: Saga of the History of Fire Song Contest is a goofy pleasure “Every week, Darrell Etherington, Jordan Crook, and I freely discuss the latest streaming films and shows.” In this episode, we were all pleasantly surprised by Will Ferrell’s new Netflix film.

Daily Crunch is a summary of TechCrunch’s biggest and most important stories. If you want this to be delivered to your inbox every day at around 3:00 p.m. PST, you can subscribe here,

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