Twitter’s CEO defends himself from activist buyers, Google takes extra coronavirus precautions and a fizzy drink maker raises $30 million. Right here’s your Each day Crunch for March 6, 2022.
1. Twitter CEO’s weak argument why buyers shouldn’t fireplace him
Twitter CEO Jack Dorsey spoke yesterday at a Morgan Stanley convention, the place he delivered remarks (additionally shared through Twitter’s investor relations account) that responded obliquely to activist investor Elliott Administration’s efforts to stress Twitter right into a slew of reforms, probably together with changing Dorsey with a brand new CEO.
Amongst different issues, Dorsey mentioned he may not spend six months a yr in Africa in spite of everything, claimed the corporate’s actual product improvement is going on below the hood and provided an excuse for deleting Vine earlier than it may turn into TikTok.
2. Google recommends Washington State workers earn a living from home, citing coronavirus danger
The software program big has not closed its Washington workplaces outright, neither is it planning to make an official assertion concerning the advice, however the information actually factors to a broader development of great precautions across the novel coronavirus outbreak. The transfer follows the same determination by Lyft, which despatched house workers in its San Francisco workplace.
3. Spindrift, maker of fizzy drinks, has raised $29.8M
Spindrift, based in 2010, is up towards massive gamers, just like the beloved and decades-old LaCroix, one other glowing water model. The corporate differentiates itself by emphasizing “actual fruit” in its drinks — suppose cucumbers from Michigan, strawberries from California and Alfonso mangoes from India.
4. Airbnb and three different P2P rental platforms comply with share restricted pan-EU information
The European Fee introduced that it has reached a data-sharing settlement with trip rental platforms Airbnb, Reserving.com, Expedia Group and Tripadvisor — trumpeting the association as a “landmark settlement” which is able to enable the EU’s statistical workplace to publish information on short-stay lodging throughout the EU.
5. SaaS firms flirt with correction territory as one other wild week involves a detailed
Shares are set to fall additional right this moment, seemingly forcing shares in SaaS and cloud firms down but once more. After two wild buying and selling weeks, the high-flying tech class is off over 9% from current highs earlier than the bell this morning, placing it near correction territory. (Further Crunch membership required.)
6. Mark Cuban backs ChatableApps, developer of a listening to help app that removes background noise
The corporate has constructed a smartphone app that gives listening to help by eradicating background noise in close to actual time. Alongside auditory neural sign processing researcher Dr. Andy Simpson, the corporate’s co-founders are Brendan O’Driscoll, Aidan Sliney and George Boyle — the unique workforce behind the music discovery app Soundwave.
7. Pex buys Dubset to construct YouTube ContentID for TikTok & extra
Pex is a royalty attribution startup that scans social networks and different user-generated content material websites for rightsholders’ content material, then lets them negotiate licensing with the platforms, request a take-down, demand attribution and/or observe the consumption statistics. Dubset, in the meantime, has spent 10 years tackling the issue of getting remixes and multi-song DJ units legalized for streaming.
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