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The londonbusinessblog.com Top 3
- Delivery drop: When a door opens for DoorDash, another door closes. Earlier this week, we reported that DoorDash and Facebook quickly became friends when they tested a program to retrieve and deliver Facebook Marketplace items to customers. utilities, Aisha reports that DoorDash may end its supply relationship with Walmart in September. Walmart may not be too upset by the breakup, as it has been working on its own delivery efforts.
- falling facebook: The social media giant is “losing its grip”, as Sarah say, on younger consumers who prefer newer apps like TikTok and BeReal. Proof? Facebook doesn’t seem to stay in the Top 10 of the Apple App Store. While this phenomenon isn’t new to them, Sarah will have more about it when it comes time for Facebook to worry.
- Using love: Former Bolt (this) CEO Ryan Breslow may still be in the hot Twitter water for his comments about the hurdles to taking on competitors, but he tells Connie that he has “no regrets” for anything he has said. Instead, he’s jumping first in a bunch of new startups, including a “people-powered pharma” startup called Love.
Startups and VC
“IPOs have been an extremely rare godsend for robotics companies, even in the (now bygone) golden age of SPACs. Given the state of the general market, some planned SPACs have been put on hold in the meantime, hoping to follow more favorable trends,” Brian writes while discussing the three real robot launch results in his awesome Actuator newsletter. It’s all about robotics, and you can subscribe to it and all our other newsletters. We’re not sure if the form will ask you if you’re a robot to subscribe to our robotics newsletter, but that would be really funny.
Meanwhile, there was a lot of action in the field of automatic transcription and note-taking, such as: Rita reports that Otter.ai challenger Airgram is raising $10 million. Probably not in response to that, but IvanThe report is noteworthy: Otter.ai cuts its free plan to a maximum of 300 minutes per month, but opens its recorder bot to everyone.
Five more that caught our eyes and ears:
- space card: Uni, India’s payment card start-up, plans to temporarily suspend its card services in the South Asian market under local central bank guidelines on digital lending, manish reports.
- Rolling out the rollups: Mary Ann reports that something is shifting in the world of fintech, as a16z’s fintech leads say, “Silicon Valley is being unbundled.”
- A safe for your keys: If hackers get hold of secret codes and empty the wallets, users will not be able to get their money back. Safeheron raises $7 million to make those keys more secure, reports Rita.
- More money for African pre-seed startups: Microtraction, a venture capital startup investing in African startups in the pre-seed phase, announces it has reached the first, $15 million close of its second fund, Tage reports.
- What do you say?: Becca reports that the FDA’s decision to allow over-the-counter hearing loss technology will be a rocket booster for industry innovation.
5 investors explain why longevity technology is a long-term game
In the United States, average life expectancy has fallen for two years in a row. In 2019 it was 78.86 years, but in 2020 that figure has shrunk by 2 years and 3 months.
The decline was due to COVID-19, but reporter Anna Heim interviewed five investors who support startups developing technology that can help us live longer and healthier lives.
Longevity is an emerging vertical these days, but “space is just now taking off and will infiltrate all aspects of our lives over the next five to 10 years,” said one respondent.
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Big Tech Inc.
If you always feel like someone is watching you, it could be TikTok. Natasha L reports of independent research have surfaced regarding TikTok’s in-app browser injection code — a term called keylogging — which could allow it to monitor keyboard inputs and taps on third-party websites within TikTok. Developer Felix Krause, who conducted the research, did say that the fact that TikTok might be doing this doesn’t mean it’s malicious.
How much are you willing to pay to drive electric? Lucid is betting a minimum of $249,000. That’s how much it praises its new Sapphire performance EV, Kirsten writes. Now, to be fair, it has a glass roof, three engines and a sweet color.
- Clean out your closet: Wayfair, the online household goods retailer, saw its shares plummet today after news it would lay off nearly 900 or about 5% of its staff. Andrew writes that the move is “a way to re-prioritize investment needs and meet the company’s current needs.”
- Tip your hat: W4 Games, a new company from the creators of the Godot game engine, uses the wisdom of commercial open source software giant Red Hat to take Godot to the next level. Paul has more on how W4 plans to do that.
- Clean your plateEuropean food delivery company Just Eat Takeaway sells its stake in Brazil-based iFood to Prosus for up to $1.8 billion in a bid to gain some liquidity “in difficult times”, Paul writes.
- Fold your phone: Brian has fun pulling out two of Samsung’s foldable phones and showing friends how they react. Here he discusses the Samsung Galaxy Z Flip 4.
- Know your car history: Lincoln’s idea of an electric vehicle concept car is a bit odd. Jaclyn writes that the Lincoln Model L 100 concept “pays tribute to the brand’s first luxury vehicle, the” 1922 Model L.” You will have to see for yourself.