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Was FTX an empire ‘built on lies’ or a startup that ‘grew too quickly’?

05 Oct 2023

The criminal trial of former cryptocurrency magnate Sam Bankman-Fried completed its second day on Wednesday. The prosecution and defense both gave opening statements, and interviewed the first two witnesses, including a customer of FTX and Bankman-Fried’s former friend and ex-Alameda and FTX employee Adam Yedidia. The prosecution painted Bankman-Fried as someone who knowingly committed fraud […]

Meet the 12 jurors on Sam Bankman-Fried’s trial

05 Oct 2023

The second day for Sam Bankman-Fried’s trial was filled with jury selection, opening statements and testimonies from the first two witnesses, with a peek into what may be in store. His lawyers arrived to the courtroom around 9:20 a.m., 10 minutes before clock-in time. Bankman-Fried followed shortly after. Although he was once known for his […]

Tiny EV maker ElectraMeccanica pulls the plug on its exit plan

05 Oct 2023

ElectraMeccanica, former maker of three-wheeled electric vehicles, said on Wednesday that it has “terminated” its plan to merge with Tevva, which makes hydrogen-electric trucks (not sandals). ElectraMeccanica said its board decided unanimously to bin the deal over “multiple incurable breaches of the agreement by Tevva.” The alleged breaches include “failures by Tevva” to share “material […]

Bird lays off staff after Spin acquisition to reduce redundancies

05 Oct 2023

Bird, the shared micromobility company that was delisted from the New York Stock Exchange last week, is issuing another round of layoffs, according to an email interim CEO Michael Washinushi sent to the company. TechCrunch has viewed the email. TechCrunch has been unable to confirm the number of people affected by the layoffs. Bird has […]

Patreon launches new features, a redesigned app and a new look

04 Oct 2023

Patreon is launching new features, a redesigned app and a new brand identity, the company announced on Wednesday. In a blog post, the company explained that the changes are about “giving creators even more,” noting that Patreon is “no longer just a paid membership company.” One of the most notable features updates is the full […]

Microsoft won’t say if its products were exploited by spyware zero-days

04 Oct 2023

Microsoft has released patches to fix zero-day vulnerabilities in two popular open source libraries that affect several Microsoft products, including Skype, Teams and its Edge browser. But Microsoft won’t say if those zero-days were exploited to target its products, or if the company knows either way. The two vulnerabilities — known as zero-days because developers […]

Walmart experiments with generative AI tools that can help you plan a party or decorate

04 Oct 2023

After launching a generative AI tool for corporate employees in August, Walmart is bringing the technology to its customers. During a demo with TechCrunch, a company spokesperson outlined how the retail giant is experimenting with generative AI to help shoppers in all stages of the shopping experience, from the search and discovery phase to making […]

What’s at stake in the Supreme Court’s landmark social media case

04 Oct 2023

The Supreme Court is poised to decide whether a pair of state laws are allowed to reshape the ability of social media companies to control what does — and doesn’t — appear on their platforms. Last week, the Supreme Court decided that it would hear the pair of cases, which revolve around Republicans crafting state-specific […]

Actually, X sees 500M posts per day — not 100M-200M as Musk recently said

04 Oct 2023

In September, Elon Musk said X users were generating a lot of content — creating 100 to 200 million posts every day, excluding retweets — or reposts as they’re now known on X. But speaking at an event this morning, X CEO Linda Yaccarino offered a contradictory figure. She claimed X was seeing 500 million […]

Keep Labs’ smart storage redefines medication management

04 Oct 2023

Keep Labs built a lockable storage container for medicine, and it doesn’t matter if the meds come in bottles, boxes or dime bags. The Keep is designed to hold them safely and track their use. The company launched in 2019, won — and lost — an innovation award at CES 2020, and this week started […]

Apple Watch’s new double tap gesture is now live in the watchOS 10.1 public beta

04 Oct 2023

In September, Apple introduced the Apple Watch Series 9 at its annual event, which included a new gesture: the double tap. The gesture, which gives users a new way to interact with their watch, has not yet been publicly available to test, as it isn’t expected to ship to the wider userbase until watchOS 10.1 […]

Lyca Mobile blames cyberattack for network disruption

04 Oct 2023

U.K.-based mobile virtual network provider giant Lyca Mobile has confirmed a cyberattack that caused service disruption for millions of its customers. Lyca Mobile claims to be the world’s largest international mobile virtual network operator, or MVNO, which piggybacks off network operator EE’s infrastructure. Lyca confirmed in a statement this week that the security incident prevented […]

Defense startup Mach Industries closes $79M Series A at $335M valuation

04 Oct 2023

Defense tech darling Mach Industries has closed a $79 million Series A led by Bedrock Capital in a deal that catapulted their post-money valuation to $335 million, multiple sources tell TechCrunch. Mach Industries’ head of growth Koko Xu confirmed the numbers in an email, adding that the new investment came “from Bedrock and other top […]

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