Quibi is shutting down – ClearTips

Quibi is shutting down – TechCrunch

The end is for Qibi, PayPal adds cryptocurrency support and Netflix tests a new promotional strategy. This is your daily crunch for October 21, 2020.

Big story: the tribe may be closed

According to reports from The Information and The Wall Street Journal, the much-hyped streaming video app led by Jeffrey Katzenberg and Meg Whitman, which raised nearly $ 2 billion in funding, is closing.

Katzenberg, a longtime Hollywood executive, blamed the pandemic of the coronavirus virus for its lack of launching in May – an app designed to look on-the-go, didn’t have much appeal when people grew up Scales were stuck in the house. And whatever the reason, none of Quubby’s shows ever became breakouts.

In a post on the medium, Quibb officials confirmed the news.

Tech giants

In partnership with PayPal – Paxos to buy and sell cryptocurrency to you in the US, PayPal plans to support Bitcoin, Ethereum, Bitcoin Cash and Litoin first.

Facebook is working on Neighborhood, a Nextor clone based on local groups – Facebook said Neighborhood currently resides only in Calgary, Canada.

To test free weekend-long access in India, the Netflix – streaming service has recently stopped offering complimentary access to new users in the United States.

Startup, Funding and Venture Capital

E-commerce visual search platform Syte gets $ 30M Series C to expand into US and Asia – Launched in 2015 to focus on visual search for clothing, Syte’s technology now includes jewelry and home decor Like it also covers other verticals.

June’s third-gen smart oven goes up for pre-order, starting at $ 599 – it’s two years since the last major update to the smart oven.

The mine raises $ 9.5M to help people take control of their personal data – helping them understand mine inboxes of mine users who have access to their personal data.

Additional crisis advice and analysis

The founder does not need to be full-time to start raising venture capital – John Vorini and Sarah Leary of Uncommon Ventures told us that light investment matters in the early days of the company.

Dear Sophie: What visa options exist for a startup co-founder? – The latest edition of the column by immigration lawyer Sophie Alcorn, who answers immigration-related questions about working in tech companies.

Lessons from Datto’s IPO Pricing and Revenue Many – How do you value slower, more profitable software development?

(Reminder: Extra Crunch is our membership program aimed at democratizing information about startups. You can sign up here)

Everything else

Sam’s Club will deploy autonomous floor-scrubbing robots at all of its US locations – Sam’s Club parent company Walmart is already using robotics to perform inventory in its stores.

The AOC’s section among us topped 435,000 concurrent viewers – the purpose of the stream, which attracted a huge crowd, was to opt out of voting before us in the general election.

The Alliance for App Store Fairness, a group fighting for App Store reforms, adds 20 new partners – the alliance claims that both Apple and Google engage in anti-competitive behavior.

Daily Crunch is the roundup of ClearTips among our biggest and important stories. If you want it delivered to your inbox every day at 3 pm in the Pacific, you can subscribe here.

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