Image Credits: TechCrunch Welcome back to Chain Reaction. Last week, we recorded our news episode live onstage at TechCrunch Disrupt, in which we talked about the Aptos launch and shared our predictions for where we expect money to flow in the web3 world. This week, we dove into NFTs, examining Apple’s new App Store guidelines…
Monthly Archives: October 2022
Apple is no stranger to asserting its dominance. That’s exactly what the tech giant did this week when it announced new, stringent guidelines for NFT transactions in the iOS App Store, marking the first time the company has taken any sort of substantial position on web3. We hopped on the mic for the Thursday episode…
Perhaps sitting perched somewhere in sunny Miami, Florida, is a founder wondering the best ways to fundraise for a company when situated outside a traditional tech hub like the Bay Area. They need not worry. Last week, Mike Asem from M25, Elizabeth Yin of Hustle Fund and Accel’s Rich Wong answered that question at TechCrunch…
A day after weighing in with its third quarter earnings report, Meta is flailing. The company formerly known as Facebook was in trouble Thursday after uninspiring numbers and an apparent lack of faith in Mark Zuckerberg’s metaverse vision sent its shares plunging by 25%. At the time of writing, Meta was trading around $98, down…
Cruise, General Motors’ autonomous vehicle subsidiary, is now inviting potential passengers in Phoenix and Austin to join the waitlist to be among the first Cruise robotaxi passengers. The company has been operating a fully driverless commercial robotaxi service in San Francisco since June, with fully driverless meaning there’s no human safety operator behind the wheel….
Amazon suffered steep losses in year-over-year income as post-pandemic shopping habits and inflation threw the retailer for a loop. In its third quarter 2022 earnings report today, Amazon revealed that operating income decreased to $2.5 billion in Q3 2022 compared to $4.9 billion the same quarter last year, while net income dipped to $2.9 billion…
Storage giant Seagate has announced plans to axe 3,000 jobs as part of cost-cutting measures, around 8% of its international workforce. The news comes after revenues at the firm – which is one of the world’s most successful hard drive manufacturers – declined 35% to $2.04 billion in the first quarter of its 2023 financial…
A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. Lucas Jackson/Reuters US stocks traded mixed on Thursday as GDP figures surprised to the upside, quelling some recession fears. The Nasdaq slid on weak tech earnings, with Facebook parent Meta marking…
Brendan McDermid/Reuters Amazon’s shares dropped almost 20% after the company forecasted lighter than expected fourth quarter sales. Amazon’s third quarter results came closer to analysts’ expectations. The tech giant posted an operating income of $2.5 billion, down from $4.9 billion in third quarter 2021. Amazon couldn’t save Big Tech. The ecommerce king’s shares were down…
Sometimes you have to pay off debt before saving for retirement. Alistair Berg/Getty A new Northwestern Mutual study showed that Americans are expecting to save more and work longer to retire comfortably. Respondents to the survey said they’ll need at least $1.25 million to retire, according to the report. The expected age also has gone…