Byju’s says $200 million rights issue that cuts valuation by 99% fully subscribed

Byju’s says its recently launched $200 million rights issue has been fully-subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the edtech group and some of its largest shareholders. The Bengaluru-headquartered startup, valued at $22 billion in its last financing round in early 2022, announced last month […]

Ford cuts prices on electric Mustang as demand softens for premium EVs

Ford is cutting prices of its all-electric 2023 Mustang Mach-E by has much as $8,100 as the automaker attempts to rid itself of inventory and compete with Tesla and its increasingly cheaper EVs. Total market share of new EV sales has grown, reaching nearly 8% in U.S. in 2023. But as market share has expanded, […]

Disrupt is back! 2-for-1 passes now on sale

As winter continues to grip much of the world, here’s some hot news for entrepreneurs to thaw the chill: TechCrunch Disrupt will be back in San Francisco from October 28–30. Even better, tickets are now available at a special 2-for-1 rate, offering a ray of financial sunshine in these cold months! Plan ahead for Disrupt […]

The regulatory clock is ticking for TikTok

For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Transcript Alex Wilhelm  0:10   Hello, and welcome back to Equity, the TechCrunch podcast […]

Spam attack on Twitter/X rival Mastodon highlights ‘Fediverse’ vulnerabilities

A spam attack that impacted the open source X rival Mastodon, Misskey and other apps highlights how the decentralized social web, also known as the fediverse, is open to abuse. Over the past several days, attackers have targeted smaller Mastodon servers, taking advantage of open registrations to automate the creation of spam accounts. Mastodon founder […]

Uber testing prepaid-item pickup from local stores in India

Uber has quietly started testing a feature that lets gig workers pick up prepaid items from local stores and deliver them to customers in India. Called “Store Pickup,” the feature debuted in select U.S. cities in December and is now expanded to Delhi-NCR, TechCrunch has exclusively learned. Customers can order pickups and deliveries and track […]

Big Tech AI infrastructure tie-ups set for deeper scrutiny, says EU antitrust chief

The impact of AI must be front of mind for enforcers of merger control policy, the European Union’s antitrust chief and digital EVP, Margrethe Vestager, said yesterday, warning that “wide-reaching” digital markets can lead to unexpected economic effects. Speaking during a seminar discussing how to prevent tech giants like Microsoft, Google and Meta from monopolizing […]

Sproxxy is making it easier to measure conference spending ROI

Whenever you go to a conference, whether as a sales and marketing exercise, or an executive is speaking, there is a cost associated with that. For the former, it involves the cost of space and a booth plus hotels, travel and meals for employees staffing the booth. For executives, it is time away from the […]