Facebook snags former Vine GM to run product for its new experimental app division, NPE Team

Is Facebook preparing to launch a serious competitor to TikTok? If so, the company just picked up some key talent to make that happen. Last week, Facebook announced plans for a new division, called the NPE Team, which will build experimental consumer-focused apps where it will try different ideas and features, then see how people […]

How Roblox avoided the gaming graveyard and grew into a $2.5B company

There are successful companies that grow fast and garner tons of press. Then there’s Roblox, a company which took at least a decade to hit its stride and has, relative to its current level of success, barely gotten any recognition or attention. Why has Roblox’s story gone mostly untold? One reason is that it emerged […]

A91 Partners, a new VC fund from former Sequoia Capital India execs, closes $351M maiden fund

India’s growing number of startups now have one additional VC fund that will listen to their business ideas. A91 Partners, a new VC fund founded by former partners at Sequoia Capital India, has closed their maiden fund at $351 million. A91 Partners will focus on high-growth startups in consumer, technology, financial services and healthcare sectors in […]

YouTube lands on Fire TV and Amazon Prime Video arrives on Chromecast, Android TV

It’s nice when people can come together and work through their differences to make it easier to watch stuff. That’s exactly what happened today, when the long-standing detente between Google and Amazon over streaming video services came to an end, with YouTube arriving on Fire TV and Prime Video making its way to Chromecast and […]

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, the Naspers owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red Dot Payment. Naspers is best known for its payments and fintech business in markets like India, Latin America, Africa and Eastern Europe, but […]

Why you should naturalize — now, not later

Xiao Wang Contributor Xiao Wang is CEO at Boundless, a technology startup that has helped thousands of immigrant families apply for marriage green cards and U.S. citizenship while providing affordable access to independent immigration attorneys. Anjana Prasad Contributor Anjana Prasad is senior advisor of immigration law at Boundless, a technology startup that has helped thousands […]

Colonna call, timing a VC pitch, WeChat, patents, and growth

Editor’s Note: Shortened week Due to the U.S. Independence Day holiday this week on July 4th, Extra Crunch will not be publishing our normal editorial on Thursday and Friday of this week, nor will we send out this EC Roundup newsletter on Saturday. Normal publishing will resume starting next week on Monday. Conference Call Today […]

UK’s CMA launches investigation into digital advertising and its ‘potential harm’ to consumers

Just two weeks after the U.K.’s information commissioner published a damning report setting out major privacy and other concerns about programmatic advertising, today the country’s Competition and Markets Authority poured more cold water on the digital advertising industry that could have a direct impact not just on digital advertising leaders like Google and Facebook, but […]

Trump taps conservative pundits for ‘social media summit’

Turning Point USA founder Charlie Kirk and PragerU are among the conservative voices that have been tapped to attend next week’s White House “social media summit.” That news is courtesy of The Washington Post, which highlights some of the plans for the July 11 event, set to focus on “opportunities and challenges of today’s online […]

US retail group offers to help antitrust investigators in going after Amazon and Google

A leading U.S. retail group, whose members include Walmart, Target, Best Buy and others, has penned a letter to the Federal Trade Commission that details its concerns over big tech companies’ dominance. The letter specifically calls out Amazon and Google for their control over the majority of internet product searches, how price and product information […]