• May 19, 2024

Elon exposes his burner, Tile embraces the cat life, and Elizabeth Holmes avoids prison

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Hello TechCrunch folks. If you’re looking for a roundup of the week’s tech news, you’ve come to the right place. Is Summary of the week (WiR), TechCrunch’s regular recap column. Glad to have you.

Before we get to the heart of the matter, a public service announcement that Tickets for TechCrunch Disrupt 2023 are available now. Disrupt, of course, is TechCrunch’s flagship in-person event, focused on founders, investors, and the future of tech year after year. In San Francisco, from September 19-21, expect to hear from thought leaders in the fields of AI, fintech, hardware, sustainability, SaaS, security, and more. It will be worth the trip.

In the near future, tune in to the upcoming TechCrunch Live show, which will spotlight Cambrian BioPharma, a startup that bills itself as a pharmaceutical team with a revolutionary approach to managing drug development. Founder James Peyer will be joined by Maryanna Saenko of Future Ventures, who invested in Cambrian’s Series A, B and C rounds.

Now, without further ado!

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Elon exposed: Elon Musk tweeted a photo Monday night showing him logged into his Twitter account, announcing to content creators how they can turn on the monetization features on Twitter. Unfortunately for Musk, people weren’t paying much attention to the fact that he has 24,700 paid subscribers; instead, some users noticed that he appeared to be logged into another account. amanda writes, possibly your burner. oops.

SpaceX finds success in failure: SpaceX launched a fully integrated Starship launch vehicle for the first time Last Thursday, a long-awaited and highly anticipated milestone in the vehicle development program. Despite his fiery fate, the test was a success, Aria reports: SpaceX obtained tons of valuable data that will inform future Starship and Super Heavy prototypes.

Tile, but for cats: Tile, the rival of AirTag now owned by Life360, launched a new cat tracking tag this week to help pet owners find their furry friends. The new device, “Tile for Cats,” is essentially a modified version of the tile sticker with a silicone necklace accessory that costs $39.99. Ivan has more.

epic loss: Apple won its antitrust-focused appeals court battle with Fortnite maker Epic Games over its App Store policies, Sarah reports. The US Court of Appeals for the Ninth Circuit largely upheld the district court’s earlier ruling relating to Epic Games’ antitrust claims in favor of Apple, but also upheld the lower court’s ruling in favor of Epic under of the California Unfair Competition Law.

Holmes avoids prison: Theranos founder Elizabeth Holmes will not go to prison this week to begin serving an 11-year sentence as she first reported by the WSJ. Although US District Court Judge Edward Davila earlier this month denied his request to remain free while he appeals his conviction, this week he asked the US District Court of Appeals for the Ninth Circuit directly the US if he could stay out of prison while his case progresses on appeal. process; the request automatically puts the reporting date on hold while the court considers his request, he writes Conny.

Protesters fight back: A Missouri government advice site for filing complaints and concerns about gender-affirming care is down after people deluged it with fanfiction, rambling anecdotes and the “Bee Movie” script. Missouri Attorney General’s Office thrown out the online form for “Transgender Center Issues” in late March, inviting those who have witnessed “concerning practices” at clinics providing gender-affirming care to submit tips, morgan reports.

Twitter pushes advertisers to pay: As the blue check mark system inherited from Twitter finally comes to an endthe social network new paid verification system is causing more than a little chaoswith CEO Elon Musk himself stepping in to pay for verification of some celebrities when they refuse to. Yet another small nugget to emerge from this week’s carnage is that anyone looking to advertise on Twitter will now apparently have to have a verified account. Pablo reports.

WhatsApp on all devices: WhatsApp is finally rolling out multi-device login support for more than one phone. Mark Zuckerberg announced the launch of the feature on Facebook and Instagram and clarified that users can log in to the same WhatsApp account on up to four phones. Until now, you could only use one WhatsApp account on a phone and several companion desktop devices.

Audio

TechCrunch is multimedia, in case you didn’t know. The team maintains a fantastic (in this writer’s humble opinion) list of podcasts for your edification and enjoyment, so consider giving them a listen if you haven’t already. this week in Equity, Ankur Nagpal, the entrepreneur behind Teachable, Ocho and Vibe Capital, spoke about the future of solo GPs; how Ankur built, sold, spun and pitched in public; and the importance of brand and succession. AND Found — live from TechCrunch’s Early Stage event in Boston — joined by Russ Wilcox, who founded E Ink and is currently a partner at Pillar VC.

TechCrunch+

TC+ subscribers get access to detailed feedback, analysis and surveys, which you know about if you’re already a subscriber. If you’re not here consider signing up. Here are some highlights from this week:

Slow revenue growth: Public technology companies are for the most part at a moderate pace of growth in the most recent fiscal quarter. Alex discusses what that means, as well as the broader implications.

The founders change their speech: More and more founders are adapting their pitches and business strategies to be more recession friendly, natasha m. writes Now that more than a year has passed since the technology’s current period correction began, founders are becoming more innovative in the way they approach launching it.

Capital efficiency is the new VC filter for startups: Igor Shaversky, a partner at Waveup, writes about what metrics startups should track to understand where they stand on the capital efficiency ladder.



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