Nigerian president offers to lift 4-month Twitter ban under certain conditions

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

Friday, October 01, 2021 By Alex Wilhelm

Hello and welcome to Daily Crunch for October 1, 2021! What a week, y’all. With the third quarter of 2021 now behind us, it’s time to gird ourselves for earnings season, new VC data drops and what we hope — pray? — is one more IPO cycle before the year ends. And with the holiday season starting in roughly 1.5 months, there’s not that much time left. So, make sure you’re reading your friendly neighborhood TechCrunch. We’ve got you covered. – Alex

 image

Image Credits: Getty Images

The TechCrunch Top 3

  • Nigeria may unban Twitter: After fail-whaling Twitter across the country, the Nigerian government may unblock the social service if it meets certain conditions. Some have been agreed to. Others appear less certain, like Twitter building an office in the country. We’ll see, but the Nigerian beef with Twitter matters as we have seen other nation-states quash the service to varying degrees; China does so fully, for example, while India has leaned into the intimidation side of influence. In other Twitter news, the company has a service for professionals coming out.
  • Startups find money outside venture circles: TechCrunch spends quite a lot of time tracking the financial flows between startups and their venture backers. But not all dollars and yen that flow to startups come from the sale of equity. And the methods by which startups can raise alternative funds are becoming increasingly mature. This is good news for upstart tech companies around the world. (More on the pace at which capital is flowing into startups here.)
  • Oyo files to go public: Perhaps the Q4 IPO cycle will be, as they say, lit? Oyo is at least jumping into the mix with a public offering that could raise more than $1 billion. TechCrunch has a dive into the filing in the link; recall that Oyo is a SoftBank-backed company that hit some growth issues over the last few years.

Get insight into how your peers navigate modern development challenges

Sponsored by Qt Company

To get an idea of how companies are adapting to current issues like the semiconductor shortage, Qt commissioned Forrester Consulting to conduct a global study with 262 embedded device and connected product development decision-makers. Get your copy!

Read More

Startups/VC

  • Megabucks for ghost kitchens: That’s a brand-new sentence, I reckon. Regardless, the news today is that All Day Kitchens, which operates a network of ghost kitchens for smaller restaurants to leverage for delivery prep, has raised a $65 million round. Precisely why venture capital is the right choice here is somewhat opaque, but the new capital brings All Day Kitchens’ historical fundraising to more than $100 million, a sum that is impressive for the food space.
  • Smallerbucks for influence connecting: The influencer economy is still going strong, it appears, with fresh evidence coming today in the form of a $1.67 million round being raised by ProductWind. The startup “aims to connect brands with influencers in one click,” TechCrunch reports.
  • DAOs, utopial thinking and you: The DAO space, or the market for decentralized autonomous organizations, is hot in that it’s something that tech folks are thinking and talking about. And funding, it turns out, as Utopia Labs has put together $1.5 million for its infrastructure work for DAOs. DAOs are a hybrid of capitalism and democracy, implying a future where the two are in closer harmony. Hence “utopia” in the name. You won’t find snark about utopia in this newsletter, or aspirations thereof. As Oscar Wilde said, A map of the world that does not include Utopia is not worth even glancing at.
  • LeadIQ just landed a $30 million round for its sales software: LeadIQ helps save sales reps time by handling some of their rote entry, freeing those folks up for more creative work. And the startup has plans to better unite sales and marketing teams’ data, which its CEO reckons could help boost sales numbers.
  • From the TechCrunch+ side of things, we have pieces from Disrupt that cover our talk with Reid Hoffman on blitzscaling, how startups can spend their newly raised capital (and what the hiring market is doing to profligacy!) and how to scale science.

Ben Rubin explains why the Web3 era of social media will help everybody get paid

Web3 is still taking shape, so it is hard to define.

At TechCrunch Disrupt, Houseparty founder Ben Rubin emphasized decentralization as Web3’s central feature. In today’s Web 2.0, individuals give money and personal data to network operators in exchange for access to information.

“In Web3 there is a possibility — not saying that it’s going to actually 100% gonna happen — but there is a possibility where the network owns the network,” said Rubin. “And that’s, I think, the simplest way, the shortest way I can explain it.”

In conversation with reporter Taylor Hatmaker, Rubin said NFTs show that individuals can benefit from Web3 adoption, while decentralized finance and cryptocurrency trading are more commercialized forms.

“It’s not going to be perfect, but it’s going to be a better incentive alignment than we have right now. And that will create competition on incentive alignments with their users,” said Rubin.

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Read More

Ben Rubin explains why the Web3 era of social media will help everybody get paid image

Image Credits: Ben Rubin

Big Tech Inc.

  • Blue Origin is a mess: It’s never a good week when your rocket company gets hit with allegations of sexism (very bad) and unsafe tech (also very bad). And yet that’s where Jeff Bezos’ Blue Origin finds itself. The company is now in damage control mode. And we presume, rocket QA mode.
  • For you Apple-heads out there, a bug in iOS 15 that was messing with Watch unlocking is set to receive a fix.
  • Tech companies line up behind stronger EU disinformation code: Per TechCrunch reporting, Clubhouse and Vimeo are among a list of tech companies “preparing to sign up to a beefed-up version of the European Union’s Code of Practice on Online Disinformation.” Notable.
  • Finally, the Zoom-Five9 deal is dead: Why did it fail? A number of reasons, possibly including a too-low offer price, sliding share prices post-agreement, and antitrust and security concerns. Other than that, the transaction went great.

TechCrunch Experts: Growth Marketing

TechCrunch wants you to recommend growth marketers who have expertise in SEO, social, content writing and more! If you’re a growth marketer, pass this survey along to your clients; we’d like to hear about why they loved working with you.

If you’re curious about how these surveys are shaping our coverage, check out this interview with Anna Heim and Tuff: “Growth marketing is not a magic trick, says Ellen Jantsch of Tuff.”

Read More

TechCrunch Experts: Growth Marketing image

Image Credits: Tuff

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2021 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103

Key phrases

Older messages

Ben Rubin explains why the Web3 era of social media will help everybody get paid

Friday, October 1, 2021

TechCrunch+ Newsletter TechCrunch+ logo TechCrunc+ Roundup logo By Walter Thompson and Annie Saunders Friday, October 01, 2021 Welcome to TechCrunch+ Friday Web3 is still taking shape, so it is hard to

[Ends Today] $100 Early Bird Savings for TC Sessions: SaaS

Friday, October 1, 2021

TechCrunch email Header Last day for $100 Early Bird Savings All good things must come to an end, and this proverb totally applies to our early-bird price on passes to TC Sessions: SaaS 2021.

Facebook releases internal research on Instagram's mental health effects

Thursday, September 30, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Thursday, September 30, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for September 30, 2021. It's the last day of the third

Get your pitch-off on with Lightspeed Venture Partners & Lunchclub

Thursday, September 30, 2021

header TechCrunch Live with Lightspeed Venture Partners and Lunchclub on October 6 It's been an Extra Crunch-filled summer, and there's more coming this fall. So grab you pumpkin spice lattes

Andela reaches $1.5B valuation after SoftBank leads $200M Series E

Wednesday, September 29, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Wednesday, September 29, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for September 29, 2021. Welcome to what feels like fall on

You Might Also Like

ASP.NET Core News - 03/29/2024

Friday, March 29, 2024

View this email in your browser Get ready for this weeks best blog posts about ASP.NET Core! This newsletter is sponsored by elmah.io - the most advanced, yet so simple to set up, error logging and

New Linux Bug Could Lead to User Password Leaks and Clipboard Hijacking

Friday, March 29, 2024

THN Daily Updates Newsletter cover Refactoring in Java ($36.99 Value) FREE for a Limited Time Refactoring in Java serves as an indispensable guide to enhancing your codebase's quality and

Post from Syncfusion Blogs on 03/29/2024

Friday, March 29, 2024

New blogs from Syncfusion Introducing the New .NET MAUI Chat Control By Piruthiviraj Malaimelraj This blog explains the features of the new Syncfusion .NET MAUI Chat control added in the 2024 Volume 1

Re: Last Chance

Friday, March 29, 2024

Dear there, By this time tomorrow, your exclusive new subscriber discount will be gone and you'll have to pay twice as much to join Insider and master everything your iPhone has to offer. If, like

Hacker Newsletter #694

Friday, March 29, 2024

Always forgive your enemies - nothing annoys them so much. //Oscar Wilde hackernewsletter Issue #694 // 2024-03-29 // View in your browser Happy Easter if you celebrate it! Heads up - we're taking

Apple RCS 📱, SBF's 25 year sentence 👮, Linux Foundation's Redis fork 👨‍💻

Friday, March 29, 2024

RCS is coming to the iPhone in the fall of 2024 Sign Up|Advertise|View Online TLDR Together With Veracode TLDR 2024-03-29 Build fast, build secure (Sponsor) Software is drowning in security debt.

Data Science Weekly - Issue 540

Friday, March 29, 2024

Curated news, articles and jobs related to Data Science, AI, & Machine Learning ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

This Week in Rust #540

Friday, March 29, 2024

Email isn't displaying correctly? Read this e-mail on the Web This Week in Rust issue 540 — 27 MAR 2024 Hello and welcome to another issue of This Week in Rust! Rust is a programming language

The Value Of A Promise 🤞

Friday, March 29, 2024

How much is a promise from a tech company really worth, anyway? Here's a version for your browser. Hunting for the end of the long tail • March 28, 2024 The Value Of A Promise When you hear a

New Elastic Security for SIEM Training Course

Friday, March 29, 2024

Detect and respond to evolving threats ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ elastic | Search. Observe. Protect Detect anomalies and malicious behavior March