Day: July 24, 2023

Day: July 24, 2023

What to do about your traction slide when you don’t have revenue yet

When I work with early-stage startups on how they can tell their story, the traction slide is often a sticking point. How do you show traction when you haven’t brought a product to market yet, or when your revenue is more of a trickle than a downpour? To answer the question, think about what traction represents to a startup. Traction, in a nutshell, is evidence that your company’s chances of success are increasing, while the risk inherent in the business is going the other way. Traction is proof that what you are doing is working. I like to think about

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Twitter (now X) CEO CEO Linda Yaccarino claims usage at ‘all time high’ in memo to staff

Twitter, now X’s, newly established CEO Linda Yaccarino touts the company’s success and X’s future plans in a company-wide memo obtained by CNBC. The exec once again claims, without sharing any specific metrics, that the service’s usage is at an “all time high,” and hints at what’s to come in terms of new product experiences for the newly rebranded platform. The service formerly known as Twitter has been working to become more than just a social network and more of an “everything app,” as owner Elon Musk dubbed it. As the Telsa and Space X exec explained in October 2022,

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Netflix rolls out ‘My Netflix,’ a new tab for trailers, reminders and more

Netflix launched today a new shortcut option for mobile users who want to quickly find their favorite and need-to-watch titles. Dubbed “My Netflix,” the feature acts as a dedicated space for recently watched movies and TV shows, downloaded titles, trailers, reminders for upcoming titles, liked (thumbs up) titles “Continue Watching,” the “My List” section and more. “My Netflix” is replacing the “Downloads” tab located at the bottom right corner of the screen, the company says. The new feature allows viewers to easily access all the series and movies that they already want to watch in one place. Plus, it’s our

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Instagram is launching creator subscriptions in Australia, Canada, the UK and more

Meta announced today that it’s rolling out Instagram subscriptions to all eligible creators in Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, Spain and the United Kingdom over the next few weeks. The expansion comes as Meta first launched Instagram subscriptions in the United States in January 2022. Instagram subscriptions allow creators to offer their followers paid access to exclusive posts, Live videos, Stories, reels, highlights and more. Subscribers also receive a special badge that helps them stand out in the comments section and creators’ inboxes. To be eligible for Instagram subscriptions, creators must be at least 18 years old

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Spyhide stalkerware is spying on tens of thousands of phones

A phone surveillance app called Spyhide is stealthily collecting private phone data from tens of thousands of Android devices around the world, new data shows. Spyhide is a widely-used stalkerware (or spouseware) app that is planted on a victim’s phone, often by someone with knowledge of their passcode. The app is designed to stay hidden on a victim’s phone’s home screen, making it difficult to detect and remove. Once planted, Spyhide silently and continually uploads the phone’s contacts, messages, photos, call logs and recordings, and granular location in real-time. Despite their stealth and broad access to a victim’s phone data,

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SoftBank and Symbotic team to offer automated warehouses as a service

When it comes to retail, it’s Amazon versus the world. That’s been true for a long time and will continue to be so for the foreseeable future. Plenty of factors have contributed to the company’s position as a seemingly unstoppable juggernaut. Among them is Amazon’s canny decision to buy and build fulfillment centers around the world. By last count, it operates 305 in the U.S. alone, with an average of 800,000 square feet. Localized warehouses are a big part of the reason the company has been able to set the standard for same- and next-day delivery. It’s now more rule

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Sony WF-1000XM5 earbuds review

I have two stock answers whenever someone asks me which earbuds to buy. The first answers the question with another question: Who made your phone? Like flagship smartphones, fully wireless earbuds are pretty good across the board — and the category managed to get there in record time. Headphones often operate best with other devices from the same manufacturing, due to feature sets and first-party silicon. The second answer is, simply: Sony. The company has an uphill battle in one very important sense: terrible smartphone market share. Outside of its native Japan, the Vaio is largely non-existent. The high end

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Time for tech’s report card

A lot of the world is busy digesting Twitter being rebranded to “X,” but more serious things are happening in the world of tech: Worldcoin is here! I kid. What actually matters today is that we are embarking on another earnings cycle, which means we can study tech’s largest and wealthiest companies’ results to get some perspective on the state of the economy as it relates to tech goods and services. Hardware and software, in other words. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. Of course, we’ll

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North Korean hackers targeting JumpCloud mistakenly exposed their IP addresses, researchers say

Security researchers say they have high confidence that North Korean hackers were behind a recent intrusion at enterprise software company JumpCloud because of a mistake the hackers made. Mandiant, which is assisting one of JumpCloud’s affected customers, attributed the breach to hackers working for North Korea’s Reconnaissance General Bureau, or RGB, a hacking unit that targets cryptocurrency companies and steals passwords from executives and security teams. North Korea has long used crypto thefts to fund its sanctioned nuclear weapons program. In a blog post, Mandiant said the hacking unit, which it calls UNC4899 (since it’s a new, unclassified threat group),

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Elon Musk and Mark Zuckerberg should cage fight over whose rebrand is worse

Elon Musk is the best thing that could have ever happened to Mark Zuckerberg. As Musk begins to change Twitter’s branding to X, Facebook’s rebrand to Meta doesn’t seem all that bad. Zuckerberg might be good at lifting weights these days, but he still needs to pull Meta out from a seriously rough few years. After rebranding to Meta in 2021, the company formerly known as Facebook spent $13.7 billion on VR and AR in 2022, though its social VR apps like Horizon Worlds remain incredibly unpopular. Zuckerberg was once the most reviled man on the internet. We watched as

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