Category: Tech news

VR Star Wars Experience is coming to Disney, Vector launches micro-satellites into orbit and iPhone 8 will take even better photos. All this on Crunch Report! Read More

 Mamoon Hamid, a longtime partner at U.S. Venture Partners who went on to co-found Social Capital with Chamath Palihapitiya in 2011, is reportedly moving on to Kleiner Perkins Caufield & Byers. Read More

 A malware researcher hailed as a hero earlier this year has been arrested by the FBI for his alleged role in distributing the banking malware known as Kronos. Marcus Hutchins, also known as @malwaretechblog, was detained and then arrested by the bureau at the airport as he was leaving the Def Con hacking conference in Las Vegas. Read More

 Etsy went ahead and DIYed its Q2 2017 earnings report this afternoon and fortunately things turned out fairly well for the company. Etsy announced revenue of $101.69 million with earnings per share of 10 cents. The finance gods prognosticated revenue of $101.14 million and a loss of $0.01 per share, making this quarter a slight beat for the company. Read More

 Two huge pieces of news today from Yelp, the company that shows up first in your Google search for a restaurant: first, GrubHub is acquiring food delivery service Eat24 from the company in a big partnership for $287.5 million; second, the company reported its second-quarter earnings… and they look pretty good. Read More

 You might not think it from the amount of controversy the agency has generated recently, but the FCC has been operating on a skeleton crew of three commissioners since the beginning of the year. That will soon no longer be the case, however, as the Senate has just confirmed Jessica Rosenworcel and Brendan Carr into the vacant positions, bringing the Commission to its five-person maximum. Read More

 GoPro is flying high and mighty after releasing its 2017 second-quarter earnings. The camera company took in $297 million in revenue equaling a non-GAAP loss of 9 cents per share. This was way above Wall Street’s expectations, as the general consensus was that GoPro would report revenue of $269 million with a loss of 25 cents per share. That’s growth any way you slice it. Read More

 Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. According to reports, the search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too. Read More

 “Wait for the green light and let go,” the Cadillac engineer instructed. That’s it. The car was driving itself. I, the person behind the steering wheel, was no longer the driver. Cadillac’s Super Cruise system was driving. The 2018 Cadillac CT6 sped along US-23 under the direction of Super Cruise. Traffic was light and the weather was perfect. The system held the… Read More

 The Big Bang brought the universe into existence 13.7 billion years ago. Life first appeared on our planet 3.8 billion years ago. Earth witnessed a hominid species, Home erectus, walking upright for the first time 1.9 million years ago. And, 7,000 years ago, money was invented. Read More

 LinkedIn, the Microsoft-owned social network for the working world with over 500 million users, has put a lot of effort into new areas of business like content, education and bringing on new users in emerging markets; but today it’s embarking on the roll out of a new service that plays squarely into the bread and butter of its business: looking for work. Today, the company is debuting a… Read More

 Micro satellite launch startup Vector, which is founded by a team of alumni from SpaceX, Virgin Galactic, Boeing and other aerospace leaders, competed its first suborbital launch and flight of a full-scale test version of its Vector-R launch rocket. The launch is also a first for Georgia’s Spaceport Camden, which was previously a NASA static test fire site for solid state rockets in… Read More

 If you’re one of those people that worries that you haven’t accomplished much in your life, you probably shouldn’t read this profile of Kavya Kopparapu, a teenager who has probably done more in her time at high school than I’ve done since I graduated. Read More

 Peter Levine has an interesting working theory. He believes cloud computing is going to take a back seat to edge computing — and we will soon see the majority of processing taking place at the device level. Levine says it’s based on sound analysis of where he sees computing going — and his job as an investor is to recognize where the industry is heading before it happens. Read More

 When Zumper raised $18M in Series B funding last fall, the rental search engine explained that the funding would be used to grow the company beyond search – and assist renters with the entire leasing process. So today Zumper is announcing what they call Zumper Select, which is an end-to-end platform that works with renters and landlords to manage the entire rental process, from search… Read More