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Daily Crunch: Google had a good quarter

Google releases its latest earnings report, Spotify is getting ready to raise prices and Excel gets friendlier to custom data types. This is your Daily Crunch for October 29, 2020. The big story: Google had a good quarter Google’s parent company Alphabet released its third-quarter earnings report this afternoon, coming […]

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Steps from the House’s antitrust report are too little, too late when it comes to big tech

The U.S. House Judiciary Committee has finally released its omnibus report  on its investigation into the monopoly powers held by Apple, Amazon, Alphabet, and Facebook and its findings will do nothing to stem the power of big tech. For startups, the most relevant points are the potential solutions the committee […]

Travel startups cry foul over what Google’s doing with their data

As the antitrust drumbeat continues to pound on tech giants, with Reuters reporting comments today from the US Justice Department that it’s moving “full-tilt” on an investigation of platform giants including Google parent Alphabet, startups in Europe’s travel sector are dialling up their allegations of anti-competitive behavior against the search […]

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Treasure8 adds Chris Cowart to its executive team as it renews pushing its tech to reduce food waste

Chris Cowart, the longtime IDEO product designer, Singularity University faculty member and consultant to a variety of venture firms and tech projects, is joining the food preservation technology developer Treasure8 as its new chief innovation and strategy officer, according to a post on LinkedIn. “In the last three years food […]

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Google reportedly cancelled a cloud project meant for countries including China

After reportedly spending a year and a half working on a cloud service meant for China and other countries, Google cancelled the project, called “Isolated Region,” in May due partly to geopolitical and pandemic-related concerns. Bloomberg reports that Isolated Region, shut down in May, would have enabled it to offer […]

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French court slaps down Google’s appeal against $57M GDPR fine

France’s top court for administrative law has dismissed Google’s appeal against a $57M fine issued by the data watchdog last year for not making it clear enough to Android users how it processes their personal information. The State Council issued the decision today, affirming the data watchdog CNIL’s earlier finding […]

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Waymo expands first external investment round to $3 billion

Waymo has added an additional $750 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors including those managed by T. Rowe Price, Perry […]

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Alphabet grew more than expected in Q1, but its ad business saw ‘significant slowdown’ in March

Today after the bell, Alphabet, parent company of Google, reported its Q1 2020 performance. The company’s $41.16 billion in revenue for the three-month period came in ahead of expectations, besting analyst estimates of $40.33 billion. However, its earnings per share came in under expectations, with the street anticipating $10.38 in […]

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Equity Monday: Startups run low on cash, and why some Internet tailwinds are fading

Good morning and welcome back to TechCrunch’s Equity Monday, a jumpstart for your week. Regular Equity episodes still drop each and every Friday morning, so if you’ve listened to the show over the years, don’t worry — we’re only adding to the mix. You can catch last week’s show with Danny […]

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Stocks shoot upward as ‘Phase Three’ stimulus passes Senate and unemployment skyrockets

Stocks soared on Thursday even as the U.S. reported its worst unemployment numbers in 50 years of tracking data. The pain felt on Main Street was offset for investors by the federal government opening its wallet to Wall Street, businesses and (at some point) workers in the form of the […]