Daily Crunch: Facebook announces photo transfer tool

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook launches a photo portability tool, starting in Ireland Facebook says it will make it easier for users to get their […]

Intel says Qualcomm’s business practices drove it out of the modem chip market

It’s not like this wasn’t among the reasons everywhere suspected when Apple suddenly announced it was buying Intel’s modem business, but now the chipmaker has filed a brief in support of the FTC in an ongoing appeal by Qualcomm of a decision made in May. That decision found in favor of the FTC’s allegations that […]

Latin America roundup: Neobanks raise $205M+; Softbank backs VTEX

Argentina’s Ualá became the most recent Latin American fintech to receive a growth-stage funding ($150 million) from Asian investors, Tencent and Softbank.  This marks Tencent’s second round of investment in Ualá, the first coming in April 2019. Tencent also invested $180M in Brazil’s leading neobank, Nubank in 2018. With Ualá, Tencent and Softbank will join a […]

Trouva, an online marketplace for independent boutiques, raises $22M

Amazon helped pioneer and now dominates the online marketplace business model, where a variety of merchants post items for sale on its platform for billions of consumers to discover and buy them. Today, a London startup that’s taken that idea but is applying it to a far more curated set of retailers and goods has […]

Daily Crunch: Free Spotify comes to Alexa

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Spotify’s free music service will now stream on Alexa devices, plus Bose and Sonos smart speakers Spotify has worked with Amazon […]

The ONNX format becomes the newest Linux Foundation project

The Linux Foundation today announced that ONNX, the open format that makes machine learning models more portable, is now a graduate-level project inside of the organization’s AI Foundation. ONNX was originally developed and open-sourced by Microsoft and Facebook in 2017 and has since become somewhat of a standard, with companies ranging from AWS to AMD, […]

Report: SoftBank is taking control of WeWork at an ~$8B valuation

WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 billion in exchange for new and existing shares, according to CNBC . The deal, expected […]

Google makes moving music and videos between speakers and screens easier

Google today announced a small but nifty feature for the Google Assistant and its smart home devices that makes it easier for you to take your music and videos with you as you wander about the different rooms in your home. ‘Stream transfer’ as Google prosaically calls it, allows you to simply ask the Assistant […]

Why we’re still waiting on the Postmates S-1

In a wide-ranging conversation at TechCrunch Disrupt San Francisco last week, Postmates co-founder and chief executive officer Bastian Lehmann made light of the company’s lack of IPO documents. The San Francisco-based on-demand delivery business was expected to publicly file its IPO prospectus in September in preparation for a fall exit, sources familiar with the matter […]

PayPal is the first company to drop out of the Facebook-led Libra Association

PayPal has become the first company to walk away officially from Facebook’s Libra, a cryptocurrency and related association that it announced earlier this year with a chain of nearly 30 big names behind the effort to help build and operate services around it. “PayPal has made the decision to forgo further participation in the Libra Association […]