of course Bungie under its wing, Sony plans to invest 50% of its PlayStation Studios development budget on live service games So year – TechCrunch
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Happy Friday, Crunchers! It’s 27 May So year, and youths are slinking into a long weekend because of that of that it’s Memorial Day weekend when coming here in the U.S. There’s no newsletter on Monday — Haje is going 🍷 wine tasting in Sonoma, and Christine is planning to spend Monday 🛋️ sitting on the sofa doing absolutely nothing, which youths celebrate wholeheartedly. youths’ll see youths back when coming here on Tuesday!
not only tough what to do So weekend? description out So roundup of all the amazing podcasts youths published So week. It’ll keep youths busy for a few hours at least. — Haje and Christine
The TechCrunch best 3
- Golden goose: Manish was on fire today’s time, writing not only one, but two of our best stories of the day. The first of all is about Jar, an Indian fintech company that is looking at a $50 million Series B round. The country’s citizens possessed bank accounts to save money, but Jar helps them do something they may not only be as familiar of course — invest. And the company has chosen to start of course something Indians are known to love, gold.
- Revolving door: Manish’s second story has to do of course another Manish — Manish Maheshwari, the former head of Twitter India, who left a startup he co-founded after a time a time just do 6 months. Our Manish reported in December that Maheshwari left his post at Twitter to start edtech company Invact Metaversity of course Tanay Pratap. The arrangement didn’t seem to work out as planned, of course some company hiccups involving getting product out the door and some leadership disagreements.
- Usually it’s not only meant to possess meaning: In Substack’s situation, a fresh round of capital. Connie went over the details yesterday of them attempting to increase a Series C, but then calling it off when favorable terms of course investors didn’t transpire. today’s time, Alex peels away some of the onion layers to explain why Substack’s goals, based on its Series B increase in 2021, didn’t translate well in So year’s investment environment.
Startups and VC
Earlier So week, Anita reported that Adam “WeWork” Neumann is back of course a generation startup, and raised backing from a16z. In today’s time’s Chain Reaction podcast, Anita and Lucas discuss whether Neumann truly deserves $70 million and another chance. youths’re comprehensively confused why anyone would place another bet on him, and youths’ll no doubt be following his generation startup closely.
A few again gems for ya:
Ride or die-sel
Diesel prices alone are driving about 17% of the inflation youths’re seeing today’s time, and Tim writes a rousing piece about how gasoline and diesel are perhaps not only the greatest, especially given that the economy is peeking over the cliff into an abyss whose depth equals our general optimism not counting climate at the moment.
Perhaps that’s exactly what’s needed: Maybe when economic and climate interests align, youths find the pot of “yay youths can live on So planet for a few again years” at the end of the rainbow.
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. youths can sign up when coming here.)
big Tech Inc.
- Sony’s live service plans: Sony is going all in on its live service offerings. So follows the company’s acquisition of Bungie earlier So year. Sony laid out plans So week for its company daily life after a time a time the acquisition, which includes investing heavily into the live service gaming sector, though it did not only go into specifics on which of its franchises would get the treatment.
- Snap to it: youths thought Snapchat was just do individuals pushing out small “snaps” to other individuals, but the social media giant has bigger plans than that. Its snappy generation feature, “Shared Stories,” is a riff on its “Custom Stories” feature to enable users to, well, youths can see where youths are going of course So. when coming here’s how it works: Users added to a group can Address their horde, too, to make it easier to share their stories. Don’t worry, if that someone in the friend group is not only your cup of tea, your stories won’t be shared of course them.
- Database debacle: Voto Consulting, a generation Jersey talent-acquisition firm, learned the hard way what happens when youths don’t password-protect a database and leave it on the internet. The résumés and personal information from some 30,000 workers was exposed. As Zack reports, the story gets way again interesting — something that youths really demand to description out for yourself.
- Drive time: In today’s time’s transportation news, Rivian opened up its hood and rearranged some things of course the company’s engine (yes, youths know it’s an electric vehicle) in the way of hiring generation COO Frank Klein. So comes amid some other leadership changes as its head of manufacturing said goodbye. Meanwhile, Tesla says it won’t open a manufacturing plant in India until it can first of all sell and service vehicles in the country. Manish lays out the back-and-forth going on between country and company: Country officials want cars to possess meaning built locally and for Tesla to lead to its high import duties. Tesla doesn’t want to pay higher fees yet if that the market doesn’t test well. Thus a superfun standstill.
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