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It takes courage to say you were wrong about almost everything. But that’s what Snap Inc CEO Evan Spiegel did this week, and that’s what it will take to save Snapchat. From algorithmic feeds to partnerships to target markets to recruiting adults, Snap is planning a 180-degree turn across the board. Headwinds And Face Wins
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Investors are suing Outcome Health, a startup selling ad space on screens in doctors’ offices, for alleged fraud and breach of contract eight months after pouring $500 million into the company. First reported in The Wall Street Journal, investors Goldman Sachs, which invested $100 million into the company, Alphabet’s investment arm CapitalG, Norwest Venture Partners and Laurene
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If you’ve ever interacted with a chatbot and felt like there was just something missing, the founders of a new startup called Conversive think they know the missing element — face-to-face interaction. And that, essentially, is what they’re trying to enable with their technology. Conversive customers can create a character (animated or recorded human) to
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As Apple continues to work on ever-smaller but more powerful computing devices, it has acquired a startup focusing on nanotechnology, and specifically as it relates to image sensors. TechCrunch has learned and confirmed that Apple has picked up InVisage Technologies, a startup that develops solutions to improve imaging capabilities on space-constrained devices, like smartphones. An
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Swiftype isn’t just a startup that we write about — we also use the technology to provide site search on TechCrunch itself. Now it’s being acquired by Elastic, the company behind the open source technology Elasticsearch. It turns out the two companies are already connected, because Swiftype uses Elasticsearch for indexing and storing its search
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Dreamforce took place this week in San Francisco, that magical gathering of over more than 150,000 Salesforce faithful that happens every fall. While I didn’t attend in person this time, I was able to get the gist of what was going on through a combination of pre-briefs and live streams. Of course, nothing can pass
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WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include the Alibaba Hong Kong Entrepreneurs Fund, the World Bank’s International
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Travel metasearch giant Skyscanner has acquired Twizoo, a small London-based startup which makes a platform for brands to automate injecting relevant social content across their digital footprint. Terms of the acquisition have not been disclosed. According to CrunchBase Twizoo was founded in May 2013 by CEO Madeline Parra and CTO John Talbott, and has raised ~£1.65M in
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Pronoun, a self-publishing service for authors, is shutting down after promising free ebook distribution for authors. The company, which raised millions in funding and ended up being sold to Macmillan announced the shutdown in an email to authors and on its website. Two years ago Pronoun set out to create a one-of-a-kind publishing tool that
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Square is continuing to make its bid to capture the payments of small businesses around the world, as well as tap into the momentum of peer-to-peer payments products with Square Cash, as its payments volume continues a steady and methodical rise — though, Wall Street still seems a little skeptical today as the stock is
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