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TechCrunch

TechCrunch is a group-edited blog that profiles the companies, products and events defining and transforming the new web.
Angry Birds maker craters on bad guidance, losing half its market value
 Angry Birds maker Rovio’s stock priceĀ tanked cratered after their latest quarterly earnings report painted a dismal future for the game maker. The stock is down 50 percent after the company sent investors a warning in their latest earnings report that revenues were likely to suffer in 2018. Despite a strong over reliance on the Angry Birds brand, which seems to have been integrated into… Read More

Fri, 23 Feb 2018 01:28:11 +0000

Apple devices are butt dialing 911 from its refurbishing facility ā€“ 20 times per day
 Since October, emergency responders in Elk Grove and Sacramento County, California have received over 1,600 false alarm 911 calls coming from an Apple repair and refurbishing site in the area.It’s not clear if the calls are coming from Apple’s iPhones or Watches but each time a call originates out of the Elk Grove facility, there’s no one on the other end of the line and… Read More

Fri, 23 Feb 2018 00:54:15 +0000

Split raises $17M for its product experimentation platform
 Split announced this morning that it’s raised $17 million in Series B funding. The round was led by Lightspeed Venture Partners, with participation from Accel Partners and new investor Harmony Partners. Split has now raised a total of $26.8 million. The startup allows companies to test out new features and deliver them in a targeted way to select groups of users. Co-founder and CEO… Read More

Fri, 23 Feb 2018 00:52:41 +0000

Snap CEO Evan Spiegel got a $637 million bonus last year
 Snap’s stock investors haven’t made much money since the company went public last year, but CEO Evan Spiegel still got a hefty payday. According to an SEC filing, he was granted an RSU of 37,447,817, which vested at the time of the IPO. In other words, that was worth nearly $636.6 million. His salary for the year was $98,078, and he had over $1 million in other benefits, so all in… Read More

Thu, 22 Feb 2018 22:09:52 +0000

Visualizing the slave insurance industry
 Similar to the way people insure their cars, houses and lives, slave-owners would sometimes insure their slaves. Fearful of not getting their money’s worth from their slaves, owners would sometimes take out insurance policies on them. In the 1800s, for example, some slave-owners who rented out their slaves would insure them so that, in the event their slaves died or were severely injured… Read More

Thu, 22 Feb 2018 21:07:09 +0000