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Daily Crunch: Saving-investing app Acorns files to go public in $2.2B SPAC deal

Hello and welcome to Daily Crunch for Thursday, May 27. From the home desk, TechCrunch has a few notes to share. First, we’re hosting a virtual meetup in Pittsburgh as part of our national tour spotli

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Between a rock and a farm raise

Something I think that gets lost in the conversation around robotics is just how many different tasks can — and at some point will — be automated. Here I’m talking specifically about agtec

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FM Capital steps up automotive investments with new $150M fund

First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150 million

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Bezos to step down as Amazon CEO on July 5, cloud-computing head to take over

Amazon founder Jeff Bezos will officially step down as CEO and become executive chairman on July 5. The 57-year-old has named the head of the company's cloud computing

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Lucid Motors reveals all the tech inside its all-electric Air sedan

Eight months after Lucid Motors showed off the final version of its all-electric Air sedan, the company has finally revealed the in-cabin tech — from the curved 34-inch display and second touchscreen

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Daily Crunch: In $8.45B deal, Amazon to buy MGM Studios

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.Hello and welcome to Daily Crunch for Wednesday, May 26. Yes, we’re

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Datacy raises $2.4M to help consumers monetize their own damn data

This morning Datacy, a startup with its headquarters in Wilmington, Delaware, announced that it has closed $2.4 million in new funding to continue building its consumer-friendly data collection and mo

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Flywire’s flotation suggests the IPO slowdown is behind us

Boston-based payment processor Flywire announced its IPO pricing last night. The company sold 10.44 million shares at $24 per share, the upper limit of its $22 to $24 per share price range. At that sh

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Glovo splurges $208M on three Delivery Hero brands in the Balkans

The high stakes game of chess (or, well, consolidation chicken) that is on-demand food delivery rolls on today with a little more territorial swapping in Europe: Barcelona-based Glovo has agreed to bu

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Insurtech startup Obie raises $10.7M Series A led by Battery Ventures

Obie, which has developed an insurtech platform for landlords, has raised $10.7 million in a Series A funding round led by Battery Ventures.Thomvest Ventures, Funders Club, MetaProp and Second Century

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Facebook and Instagram will now allow users to hide ‘Like’ counts on posts

Facebook this week will begin to publicly roll out the option to hide Likes on posts across both Facebook and Instagram, following earlier tests beginning in 2019. The project, which puts the decision

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Daily Crunch: Before the pandemic, Expensify made remote work cool and profitable

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.Welcome to Daily Crunch for May 25, 2021. Whether you are a develope

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What Vimeo’s growth, profits and value tell us about the online video market

The spinout of video platform Vimeo from IAC completed today, with the smaller company now trading as an independent entity under the ticker symbol VMEO.If you missed the news that the internet conglo

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Microsoft’s Edge browser can now start up faster and put your tabs to sleep

At its annual Build conference today, Microsoft announced a couple of new features for version 91 of its Edge browser that, like so much at Build this year, aren’t earth-shattering (developer ve

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Forter raises $300M on a $3B valuation to combat e-commerce fraud

E-commerce is on the rise, but that also means the risk, and occurrence, of e-commerce fraud is, too. Now, Forter, one of the startups building a business to tackle that malicious activity, has closed

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Lordstown Motors slashes production forecast for its electric pickup

Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red-ink-s

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US Seeks ‘Equal Security’ for Israelis and Palestinians Amid Gaza's 'Grave' Humanitarian Situation

US Secretary of State Antony Blinken credited the “relentless, determined, but quiet diplomacy” of Joe Biden’s administration with brokering the unconditional ceasefire