Fintech leader cuts internal valuation by 28% – TechCrunch

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Oh hi, and welcome to Thursday! It’s been another tough day with lots of news happening. We’ve picked the cream of the crop for you. Oh! And if you want to be part of the disruption with your startup, don’t forget to apply for the Startup Battlefield 200!

On July 21st, we had an amazing line-up for our TC Robotics event – and something went wrong with the marketers, because they decided to make the event free. If you change your mind, get your ticket today… — Christine And Are you sure?

TechCrunch’s Top 3

• On the air tonight: Brian It gives us an inside look at the new Apple MacBook Air M2. Let the pluses and minuses begin!
• Losing a pair of lashes: Anita, Natasha M And Mary Ann He joined forces to address Stripe’s news that it was the latest to cut its internal estimates. “What?” For those who say This means that the price of the preferred shares to be sold is chosen by a third party with startup or venture capital investors. It is also surprising that this is unusual for the company.
• In the looking glass: We enjoyed it. Dominic-MadoriA deep dive on TechCrunch+ about some of the predictions that black VCs and founders can expect from the investment community in the second half of this year.
  

  Image Credits: Yuichiro Chino/Getty Images

Startups and VCs

“We could take money from crypto funds, but taking it from the gaming industry and from believers is stronger,” said Raz Friedman, founder of Uncaged. Jacqueline In an interview about the company’s $24 million fundraising. Rather than being a Web3-first company, we are a game company that uses and brings Web3 first to games.

“We envision You.com as a search platform that’s open and allows others to build on top of the search technologies we’ve created,” said Richard Socher. Kyle The story of your $25 million fundraising. “Data transparency, user customization, summarization, privacy and modern search are the foundation of our platform, and we beat Google in the long run by enabling the world to co-build the next search experience.”

🎶 Give me more, more, more. (What a wonderful song)

• And how does that make you feel,|*FNAME*|: Therapist chatbots are growing in popularity, and Waysa has raised $20 million to further expand its services. Jagmet Reports.
• A star, buys a mortal enemyCustomer reviews are one of the most popular and powerful ways to influence buyers. Oquendo wants to help your customers convert into buyers. Christine Reports.
• oh shit: AssemblyAI is expanding its AI-as-a-service business, as it raises $30 million in a Series B round, reports Kyle.
• Is this seat taken?: The world is moving towards hybrid work, and offices are scrambling to figure out how to allocate office space to reflect this. Robin raised $30 million for his office booking software to help him figure it out. Kyle Reports.
• You’re welcome, my brotherAt-home fitness startup Tonal — last valued at $1.6 billion — has shed a third of its workforce to help it become a “self-sustaining and profitable business.” Natasha M Reports.

Five investors explain why Latin America is ready to face the crypto winter

Image Credits: night33 (Opens in a new window) / Getty Images

Even as a host of crypto companies continue to suffer catastrophic losses, investors backing DeFi startups in Latin America are “positioning themselves to recover,” reports Anna Heim.

She surveyed five investors, including companies in the region’s crypto and DeFi sectors, to find out how their behavior has changed since the summer and why consumer adoption in Latham is stronger than in other markets.

• Matthias Nissen, Co-Founder, DeFi Wonderland
• Christine Chang, Head of Corporate Development and Ventures, Tribe
• Patricio Jutard, co-founder and general partner, Newtopia VC
• Claire Diaz-Ortiz, Commencement Committee Chair, VC3; Scout, Kleiner Perkins
• Andy Areitio, General Partner, TheVentureCity

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Big Tech Inc.

Before we get into today’s big tech stories, we’d like to highlight a few stories from late yesterday that caught our attention on day two.

It is the first. KirstenA report from Tesla’s top AI executive answering questions about whether the Autopilot vision team will return. Now we can prove that it is negative. For all DoorDash lovers in the US, the subtotal minimum may increase in your area. Rebecca He wrote. Meanwhile, Sarah The place where all kids and teenagers spend their time, Tik Tok has gone into the report to dominate YouTube. And Rebecca also reports on how more than 550 women are suing Uber for sexual harassment by drivers.

Well, now on to the show. Our colleagues did well for the second day, so much digging is to be done. By now you know that Twitter went down for users around the world this morning. Amanda Reports. Alex is not amused.. During the upheaval, Twitter began testing some new features. Amanda also wrote that users have been prompted to add additional text descriptions to photos Ivan He revealed his new custom timeline challenge.

In financial news, Kyle He reported on Plaid adding read-only support for cryptocurrency exchanges. Finally, Manish Internet and Mobile Association of India, a technology advocacy group.

• Do you want to play this game?Non-game app revenue beats games for first time in US Apple App Store; Sarah Reports. Meanwhile, Lauren In the CG Animation space he writes about Nintendo’s new acquisition and Sony’s new loyalty program for PlayStation.
• plug in: Panasonic will start a $4 billion electric vehicle battery factory in Kansas Jacqueline It may be the largest in the world. If you know what we mean, the arrival of a commercial EV company is making some tough financial and personnel decisions to meet its van production targets. Kirsten Reports. Kirsten reports that Walmart’s deal with Kano is less dry Rebecca Kano wrote about one caveat that he doesn’t want to sell EVs to Amazon.
• Brrrr, it’s cold in here: Celsius, one of the largest lenders to another cryptocurrency, has filed for bankruptcy, saying it needs to stabilize its business. Manish It has more.
• Believe, like anti-faith: Natasha L Today has a couple of compelling stories. One is Google, which is facing a new antitrust investigation in Italy over claims that the search engine giant may have “abused its dominant position by blocking data portability rights granted to individuals under the EU’s General Data Protection Regulation.” Another is how Amazon is negotiating with the European Union to try and resolve its antitrust investigation into its use of merchant data.