New York City is drowning in packages

Amazon, Hello Fresh, Stitch Fix. Click a button, and it’s there in three to five days—perhaps even one. Packages, packages, and more packages—goods from all over the world, delivered after just a couple of clicks. But this height of consumer convenience has been complicating urban life for years, giving rise to increased theft and traffic,…

TikTok ‘pauses’ privacy policy switch in Europe after regulatory scrutiny

TikTok has agreed to pause a controversial privacy policy update in Europe, which had been due to happen tomorrow, and would have meant the platform stopped asking users for their consent to be tracked to receive targeted advertising, TechCrunch has learned. The Irish Data Protection Commission (DPC), TikTok’s lead privacy regulator for the European Union’s…

Walmart agrees to order 4,500 Canoo EVs for last-mile delivery

Walmart said Tuesday it signed an agreement to buy 4,500 all-electric delivery vehicles from Canoo, the electric vehicle startup-turned-SPAC that last quarter warned it may not have enough money to stay in business. Canoo wouldn’t share the financial terms of the deal. However, a spokesperson disclosed that these are binding pre-orders, beginning with Canoo’s branded…

Cathay Innovation launches third multi-stage startup fund at $1B

Global venture capital firm Cathay Innovation has announced its third fund, targeting €1 billion ($1.05 billion) at a broad gamut of companies and technologies around the world. With Fund III, Cathay Innovation launches what will surely be one of the largest multi-stage VC funds to emerge from Europe, encompassing series A, B, and other later-stage startups….