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Big Tech earnings in fewer than 500 words

This afternoon Alphabet, Microsoft and Pinterest reported their quarterly earnings results for the first three months of 2021. Microsoft and Pinterest have rapidly lost value after reporting their results, while Alphabet appreciated after its own earnings download. Sparing you a deluge of numbers, here’s what TechCrunch is pondering from each […]

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Foresite Capital raises $969 million fund to invest in healthcare startups across all stages of growth

Health and life science specialist investment firm Foresite Capital has raised a new fund, its fifth to date, totally $969 million in commitments from LPs. This is the firm’s largest fund to date, and was oversubscribed relative to its original target according to fund CEO and founder Dr. Jim Tananbaum, […]

Google Cloud lost $5.6B in 2020

Google continues to bet heavily on Google Cloud, and, while it is seeing accelerated revenue growth, its losses are also increasing. For the first time today, Google disclosed operating income/loss for its Google Cloud business unit in its quarterly earnings today. Google Cloud lost $5.6 billion in Google’s fiscal year […]

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Daily Crunch: Hundreds of Google and Alphabet employees unionize

Google employees take another step in their activism, Venmo adds a check-cashing feature and Slack has some issues. This is your Daily Crunch for January 4, 2021. The big story: Hundreds of Google and Alphabet employees unionize More than 200 employees at Google and its parent company Alphabet have announced […]

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The built environment will be one of tech’s next big platforms

From the beginning, the plan for Sidewalk Labs (a subsidiary of Alphabet and — by extension — a relative of Google) to develop a $1.3 billion tech-enabled real estate project on the Toronto waterfront was controversial. Privacy advocates had justified concerns about the Google-adjacent company’s ability to capture a near-total […]

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Sequoia-backed recycling robot maker AMP Robotics gets its largest purchase order

AMP Robotics, the manufacturer of robotic recycling systems, has received its largest purchase order from the publicly traded North American waste handling company, Waste Connections. The order, for 24 machine learning enabled robotic recycling systems, will be used on container, fiber and residue lines across numerous materials recovery facilities, the […]

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Q3 earnings find Apple and Google looking to the future for hardware rebounds

“5G is a once-in-a-decade kind of opportunity,” Tim Cook told the media during the Q&A portion of Apple’s Q3 earnings call. “And we could not be more excited to hit the market exactly when we did.” The truth of the matter is its timing was a mixed bag. Apple was, […]

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 […]