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Thursday! This week has flown by so quickly, and we’re buzzing with excitement as one company leans into Thanksgiving. Acknowledgments? In this day and age? Is there really hope for us?! Well, we have you to thank, Mike – Thank you for spreading some joy into our lives today! – Christine And came
TechCrunch’s Top 3
- Amazon has turned that smile upside downCharity shopping won’t be a thing for Amazon after February. Amid layoffs and other cuts, the giant said it was ending its Amazon Smile program to focus on its other philanthropic efforts. Roman Reports.
- Give them what they want: Mike “German teenagers went crazy for the Slay app thanks to it,” he wrote, and now venture capitalists are enjoying it and backing its next phase.
- A storefront developer’s gold mineOro, an open-source e-commerce platform, is going head-to-head with other platforms targeting businesses. That approach is paying off as the company raises $13 million in new funding. Paul It has more.
Startups and VCs
People are addicted to credit cards – and it’s no wonder given the lucrative rewards many of them offer. But for merchants, credit cards are less attractive. Kyle Reports. Merchants are on the hook for interchange fees, or merchant bank transaction fees a customer must pay when they use a card to make a purchase. Link comes to the rescue, and the company has raised $30 million to help merchants accept direct bank payments. You know, just like consumers in Europe have been able to do since the 1990s.
In recent years, working with a traditional financial institution or bank has been less than ideal. Far Cooler was working for, or working for, one of the many fintech startups that seem to be thumbing their noses at established banking brands. Connie Reports. According to fintech-investing VCs, many fintechs “need to adjust their business models”.
And we have five more for you:
Teach Yourself Growth Marketing: How to Start an Email Marketing Campaign
Image Credits: Jasmine Merdan (Opens in a new window) / Getty Images
In the third article in a five-part series, growth marketing expert Jonathan Martinez (Uber, Postmates, Chime) explains how to create and optimize email campaigns that “drive consumers through your funnel and drive conversions.”
Martinez shares the basics of segmenting customers and predicting where they’ll be released on the funnel you’re building. Startups that win back these users can come up with a higher ARR, and every little bit counts.
“It’s important to spread the user segments as much as possible because we need to make sure we’re sending the right message to the right users.”
Three more from the TC+ team:
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
We know, it’s hard to put that phone down, and all those distracting chatter and noises don’t help. Well, Instagram has quietly got your back by letting you take a break from the app and even telling you that you’re on DND. Sarah He writes that this is one of several new changes to the app, including some other time management tools and expanded parental controls.
Meanwhile, fast fashion isn’t what it used to be…predictably. Rita Schein reports that he will accept low valuations as he seeks to raise $3 billion in new funding. The company is said to be valuing it at $64 billion, down from a valuation of $100 billion in April. However, “Shane denies the accuracy of some of the information,” she wrote.
And we have five more for you:
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