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Reddit should go public at $5B, according to secondary data

If secondary buyers aren't buying shares at more than a $5 billion valuation, it wouldn't be wise for Reddit to price its IPO above that. © 2024 TechCrunch. All rights reserved. For personal use only.

Bitcoin jumped and Coinbase’s app crashed, while Aptos eyes Hong Kong and Telegram rolls out rewards with TON

Welcome to TechCrunch Crypto. Here’s the biggest news this week: bitcoin’s price jumped and Coinbase’s app crashed, Telegram rolled out a plan to pay out rewards using toncoin and more. © 2024 TechCrunch. All rights reserved. For personal use only.

Polestar lands $1B loan to keep EV plans on track

Polestar secured a $950 million loan from a dozen banks, critical funds needed to keep its EV plans moving forward following Volvo’s decision to pull back its financial support of the electric automaker. Polestar said Wednesday the funds were needed to finance the next stage of its development and covers a large majority of its […] © 2024 TechCrunch. All rights reserved. For personal use only.

Lizcore’s sport tracking system is minimalist enough for indoor climbers to actually use

Lizcore, a sport tracking startup out of Barcelona, caught our eye on the 4YFN show floor at MWC this week. It’s done what this climber — frankly — thought impossible: Come up with a way to digitize and upgrade the indoor climbing experience that bouldering addicts might actually get on board with. Bouldering gyms that […] © 2024 TechCrunch. All rights reserved. For personal use only.

Microsoft announces ‘AI access principles’ to offset OpenAI competition concerns

On the heels of Microsoft’s investment and partnership with French Large Language Model startup Mistral AI, the company continues to work hard to try to dispel the image that it’s blocking competition through its deep partnership (and financial stake) in OpenAI. Today the company launched a new framework it’s calling “AI Access Principles” — an eleven-point […] © 2024 TechCrunch. All rights reserved. For personal use only.

Truecaller brings call recording and transcription to India

Caller identity company Truecaller has launched its call recording and transcription for paid users in India, the company’s biggest market. The recording feature will be available to premium users on both Android and iOS, with support for English and Hindi transcriptions. In June 2023, the company introduced call recording for premium users in the U.S., […] © 2024 TechCrunch. All rights reserved. For personal use only.

Stellantis CEO dishes on Waymo, Rivian cuts staff and the great EV softening continues

TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Stellantis CEO Carlos Tavares and I covered […] © 2024 TechCrunch. All rights reserved. For personal use only.