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Squaring Databricks’ 2021 valuation as it crosses a $1B annual run rate

With $1 billion or more worth of annualized revenue, what can we learn about Databricks' growth rate, and how well does its valuation slot into...

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China’s $1B fine on Didi could end the mobility giant’s troubled year

Didi, the Chinese ride hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from...

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Stripe is the latest fintech to falter, taking a 28% internal valuation cut

Payments giant Stripe cuts internal valuation amid broader market downturn for fintechs

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Second-largest crypto exchange FTX expands its empire with launch of stock trading feature

Sam Bankman-Fried's FTX crypto exchange will offer stocks and won't make money from controversial payment-for-order-flow tactic

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Daily Crunch: Fairly stagnant since April launch, Coinbase NFT sales volume is under $700K

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Fidelity says it will offer crypto in retirement accounts this year

Fidelity set to launch bitcoin offering for 401(k) retirement plans to employees at its 23,000 client companies

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Sheryl Sandberg under fire for trying to kill a story about her ex, the CEO of Activision Blizzard

Meta COO Sheryl Sandberg intervened on then-boyfriend Bobby Kotick's behalf to stop the Daily Mail from publishing an unflattering story.

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Music streamer Deezer is going public via SPAC at a $1.1B valuation

A European music streamer, Deezer is going public via a SPAC deal, valuing the Spotify competitor at $1.1 billion. Deezer will merge with the...

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There are no laws protecting kids from being exploited on YouTube — one teen wants to change that

At just 17, Chris McCarty helped a Washington state rep craft a bill that would add unprecedented regulation to the way children are monetized on...

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The Kindbody TC-1

It’s telling of our maturity as a society that infertility is a concept approached with awkwardness and uncertainty.

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Builder.ai raises $100M Series C led by Insight Partners to scale up its software automation

When we started covering Builder.ai a few years ago, the startup was tapping into a new wave of businesses wanting their own native apps. The...

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Uber will list NYC taxis to combat driver shortage and high fares

Later this spring, New York City riders will be able to hail a cab via Uber, helping the company combat its driver shortage and rising fares.

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Instagram rolls out new safety tools for parents

Meta announced a new set of tools designed to protect young users on Wednesday, an overdue response to widespread criticism that the company...

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Spotify removes Neil Young’s music after falling out over Joe Rogan

Musician Neil Young is following through on his threat to pull his extensive and well-loved sonic catalogue from Spotify. Young took a stand against...

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How will the crypto selloff impact the NFT market?

What happens to both NFT activity and NFT prices when their backing asset, if we can call ether that, rapidly loses value?

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Gift Guide: Extremely Online books

If you can't read a good book without stopping every few pages to tweet about it, you might be what we call Extremely Online. You unabashedly...

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Binance CEO Changpeng Zhao talks regulation and platform’s activities in Africa

Changpeng “CZ” Zhao launched Binance in 2017 and, according to some sources, the company grew into the world’s largest cryptocurrency exchange...

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US federal agencies told to patch hundreds of security bugs

Agencies have just two weeks to fix the more recent bugs from 2021, the directive said.

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Lawmakers confront TikTok, Snapchat and YouTube about eating disorder content

Representatives from TikTok, Snapchat and YouTube testified before the Senate Subcommittee on Consumer Protection, Product Safety, and Data Security...

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YouTube and Snapchat were asked to defend their apps’ age ratings in Senate hearing

YouTube and Snapchat were asked by lawmakers to defend whether or not their respective social media apps were appropriately rated on the U.S. app...

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Facebook whistleblower, Frances Haugen, raises trust and security questions over its e2e encryption

Frances Haugen, one of (now) multiple Facebook whistleblowers who have come forward in recent years with damning testimony related to product safety,...

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Inside a European push to outlaw creepy ads

European Union lawmakers are mobilizing support for a ban on tracking-based advertising to be added to a new set of Internet rules for the bloc...

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Facebook’s Oversight Board will meet with the Facebook whistleblower

Facebook’s external policy review board will meet with Frances Haugen, a former Facebook employee who went public with her concerns about the...

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Facebook whistleblower Frances Haugen testifies before the Senate

After revealing her identity on Sunday night, Frances Haugen — the whistleblower who leaked controversial Facebook documents to The Wall Street...

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Leak shows Facebook’s business model needs regulating, says MEP

The European Parliament’s lead and shadow rapporteur for a major reboot of the bloc’s digital rulebook have called for an investigation...

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Facebook grilled in Senate hearing over teen mental health

Last night, Facebook published two annotated slide decks in an attempt to contextualize the documents that The Wall Street Journal published this...

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Seeking to respin Instagram’s toxicity for teens, Facebook publishes annotated slide decks

Facebook has quietly published internal research that was earlier obtained by The Wall Street Journal — and reported as evidence the tech giant...

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Facebook knows Instagram harms teens. Now, its plan to open the app to kids looks worse than ever

Facebook is in the hot seat again. The Wall Street Journal published a powerful multi-part series on the company this week, drawing from internal...

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