LeEco said to be trying to sell its Silicon Valley property amid cash woes

 According to a new report from Reuters, LeEco is said to be seeking a buyer for the 49-acre swath in Silicon Valley set for the site of its future US headquarters. The Chinese electronics polymath highlighted its plans for EcoCity back in October, during its ambitious stateside debut, but a number of recent financial setbacks may have changed those plans.
The report cites anonymous sources… Read More

Confirmed: Walmart has acquired womenswear site ModCloth

 Some more consolidation in the world of online fashion and e-commerce. Today Walmart announced that it has acquired ModCloth, a womenswear retailer that focuses on a younger, progressive demographic and a healthier range of sizes beyond the too-often-emphasized tall, rail-thin look. Today’s news confirms reports on the acquisition from us and others earlier this week. Earlier reports… Read More

Google introduces Family Link, its own parental control software for Android

 Google has just one-upped Apple on mobile in a significant way: today the company today announced the launch of Family Link, an application for parents that lets them establish a child’s first Google account, as well as utilize a series of  parental controls to manage and track screen time, daily limits, device “bedtimes,” and which apps kids can use. While all the… Read More

OceanGate plans an expedition to 3D scan the Titanic

 Seattle-based OceanGate Inc. this week announced plans for a manned expedition to study the R.M.S. Titanic, the world’s most famous shipwreck. Fewer than 200 people have ever visited the Titanic since it sank in April 1912 according to historians’ estimates. To put that in perspective, more people have scaled the summit of Mt. Everest, or flown in space. The new expedition,… Read More

GoPro will cut 270 more jobs

 More tough news for GoPro as it pre-announced its first-quarter earnings earlier today. While the company announced that revenue for the first part of 2017 will hit toward the high end of guidance, the positivity was tempered by its plans to cut 270 more jobs. That number that comes in addition to the 100 it announced in January 2016 and 200 back in November, amounting to seven- and 15-percent… Read More

Announcing TechCrunch Sessions, a new series of events focused on a single topic

 Big news, folks! Today, TechCrunch is announcing a new series of events: Sessions. These events will dive deep on a single topic, bringing together experts in the field and those interested in the theme to discuss what matters. Obviously, this is going to be huge! These events will be single-day affairs with limited seating. Some will have intimate discussions with audience participation.… Read More

Serial founder and former Slack PM Simon Vallee is starting a personal productivity company

 Simon Vallee is exactly the kind of person who venture capitalists like to keep on their radar. He’s Canadian, for one thing. (Everyone knows how nice Canadians are.) He has also co-founded — and sold —  a number of small companies over the last decade. First, there was SiteMasher, a site-creation platform that was purchased a couple of years later, in 2009, to Saleforce… Read More

Credy looks to digitize personal lending in India

 Lending platform Credy is looking to change the way people gain access to personal loans in India. The company, which is currently a part of Y Combinator’s Winter 2017 batch, is digitizing the process and improving access to capital for residents by opening up peer-to-peer loans to a wider group of borrowers and lenders. Read More

Yahoo hackers manipulated search results for ‘erectile dysfunction medications’

 One of the hackers alleged to be responsible for a 2014 hack of Yahoo that affected half a billion users also manipulated search results in his favor to make some money on the side, according to the indictment filed today by the Justice Department. Read More

Bullish: The future of food on demand

 This week on Bullish, I sat down with DoorDash CEO Tony Xu to talk about the future of on-demand food delivery. In January, DoorDash teamed up with Starship Technologies to test food delivery via robots. On this episode of Bullish, Xu and I discussed the evolution of the on-demand space, challenges to profitability, predictions for the future and autonomous delivery. Read More