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Investors double down on tech stocks in massive
DoorDash, Airbnb, C3.ai IPOs
Eric Eldon
How to find your next VC
Alex Wilhelm
FDA grants emergency use authorization for Pfizer’s COVID-19 vaccine,
distribution to begin within days
Darrell Etherington
Gift Guide: Smart exercise gear to hunker down and get fit with
Darrell Etherington
Extra Crunch
What to expect while fundraising in 2021
Russ Heddleston

The Latest
Cledara, the SaaS purchase and management platform,
raises $3.4M funding
Steve O'Hear
4:00 AM EST•December 14, 2020
Cledara, the SaaS purchase and management platform that helps
bring greater viability and control over a company’s sprawling software
subscriptions, has raised $3.4 million in additional fund...

German Bionic raises $20M led by Samsung for


exoskeleton tech to supercharge human labor
Ingrid Lunden
5:31 AM EST•December 14, 2020
Exoskeleton technology has been one of the more interesting
developments in the world of robotics: instead of building machines
that replace humans altogether, build hardware that humans can wear
t...

Nokia launches a laptop in India


Manish Singh
2:59 AM EST•December 14, 2020
Nokia, the 155-year-old iconic firm that has manufactured a range of
items from rubber to cables to phones and telecommunications
equipment, is ready to expand to a new category. The Finnish firm o...

China fines Alibaba, Tencent’s e-book subsidiary over


anti-trust violations
Rita Liao
2:38 AM EST•December 14, 2020
The Chinese government is moving to curb the power of some of
China’s most influential internet companies. The country’s top market
regulator announced Monday that it is fining Alibaba ...

Appboxo gets $1.1 million seed to build a mini-app


ecosystem for all developers
Catherine Shu
2:18 AM EST•December 14, 2020
Pioneered by WeChat almost four years ago, mini-apps are now
common in China and India, and gaining traction in other markets, too.
Mini-apps, or lightweight apps designed for integration into host...

Ola to invest $327M to set up ‘the world’s largest scooter


factory’ in Tamil Nadu
Manish Singh
2:03 AM EST•December 14, 2020
Ola said on Monday that it has signed a memorandum of
understanding with the government of Tamil Nadu in India to set up
what it claims would be the “world’s largest scooter manufacturing
fac...

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Reddit acquires Dubsmash


Catherine Shu
11:05 PM EST•December 13, 2020
Reddit announced that it has acquired short video platform
Dubsmash. The deal’s terms were undisclosed. Dubsmash will retain
its own platform and brand, and Reddit will integrate its video
creation...

Extra Crunch
An even bigger battle for gig worker rights is on the
horizon
Megan Rose Dickey
10:52 AM EST•December 13, 2020
In the year ahead, we’ll likely see lobbying efforts from both gig
companies and gig worker organizations — as well as more lawsuits.

TC Sessions: Space 2020


Dec 16 - 17
Meet the most important people in the space industry, across
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Register today and save
Original Content podcast: David Fincher presents a
compelling character study in ‘Mank’
Anthony Ha, Jordan Crook, Darrell Etherington
9:00 AM EST•December 13, 2020
“Mank” is a change of pace for director David Fincher — instead of
exploring the world of startup backstabbing (“The Social Network”),
political backstabbing (“House o...

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Gillmor Gang: Strange Days Indeed
Steve Gillmor
6:05 PM EST•December 12, 2020
The place we’re in, the valley of the dolls between the vote and the
Inauguration, is overshadowed by the battle to save our lives. The
vaccines look promising, and so does the persistence of the T...

Human Capital: Dr. Timnit Gebru says Google’s memo


was ‘dehumanizing’
Megan Rose Dickey
6:00 PM EST•December 12, 2020
Welcome back to Human Capital, where I break down the latest in
diversity, equity and inclusion, and labor in tech. This week, Twitter
dropped its latest diversity report and Tesla released its fir...

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How to find your next VC


Alex Wilhelm
4:00 PM EST•December 12, 2020
Welcome back to The TechCrunch Exchange, a weekly startups-and-
markets newsletter. It’s broadly based on the daily column that
appears on Extra Crunch, but free, and made for your weekend
reading. ...
Investors double down on tech stocks in massive
DoorDash, Airbnb, C3.ai IPOs
Eric Eldon
2:00 PM EST•December 12, 2020
Editor’s note: Get this free weekly recap of TechCrunch news that any
startup can use by email every Saturday morning (7 a.m.
PT). Subscribe here. Maybe it is a stock market bubble, or a tech-
stock...

This Week in Apps: Apple scolds adtech,


Facebook hit with antitrust suits, Twitter
buys Squad
Sarah Perez@sarahintampa / 10:37 AM EST•December 12, 2020
 Comment
Image Credits: Bryce Durbin / TechCrunch

Welcome back to This Week in Apps, the weekly TechCrunch


series that recaps the latest in mobile OS news, mobile applications
and the overall app economy.
The app industry is as hot as ever, with a record 204 billion downloads
and $120 billion in global consumer spend in 2019. Not including third-
party Chinese app stores, iOS and Android users downloaded 130
billion apps in 2020. Consumer spend also hit a record $112 billion
across iOS and Android alone. In 2019, people spent three hours and
40 minutes per day using apps, rivaling TV. Due to COVID-19, time
spent in apps jumped 25% year-over-year on Android.
Apps aren’t just a way to pass idle hours — they’re also a big business.
In 2019, mobile-first companies had a combined $544 billion valuation,
6.5x higher than those without a mobile focus.

Top Stories
Apple defends its consumer privacy moves
Image Credits: Apple

Apple SVP Craig Federighi took aim at the adtech industry in a speech


to European lawmakers this week, where he downplayed and
dismissed the industry backlash against the forthcoming app tracking
changes as “outlandish” and even “false.” He said that online tracking
is privacy’s biggest challenge and that Apple’s forthcoming App
Tracking Transparency (ATT) is the front-line of defense.
“The mass centralization of data puts privacy at risk — no matter who’s
collecting it and what their intentions might be,” Federighi said,
reiterating that Apple aimed to have as little data on its customers as
possible.
This has been the company’s line to date, and it’s not necessarily the
whole truth. Apple has so far characterized its decision to allow
consumers to opt-out of being tracked as one that’s solely focused on
consumer privacy. It positions Apple as consumers’ savior and the only
one fighting for our privacy. But the changes are also an example of
Apple leveraging its platform power, potentially in an anticompetitive
way, to give itself a seat at the table of a multi-billion-dollar market
today dominated by its competitors Google  and Facebook.
In this case, Apple is inserting itself in the world of mobile advertising
by forcing a shift from IDFA to its own SKAdNetwork, which limits the
individualized data advertisers can access. This is good for consumers
who don’t want to be targeted and tracked just because they’re using
an app. Publishers, however, have argued they won’t be able to charge
as much for ads where users opted out of tracking. This could have a
snowball effect of hurting ad-supported businesses beyond the tech
giants like Facebook.
Meanwhile, Apple does get to collect a lot of consumer data which it
uses to personalize ads. Its own App Store and Apple News
apps personalize ads unless consumers opt out in their iPhone’s
Settings (and not through a scary pop-up warning like third-party apps
have to display). Apple says what it does in terms of personalization
doesn’t count as “tracking” because it doesn’t share the data with
others or follow customers around websites and apps.
But as Apple moves into its own services businesses, the amount of
data that can be used to personalize its own ads grows. Today, Apple’s
ad targeting system includes users in segments based on the music,
books, TV shows and apps they download, as well as in-app purchases
and subscriptions. It also tracks users as they search the app search
with keywords and tap to read App Store stories, and tracks location if
permission has been granted to Apple News or the App Store.
In related news, Facebook-owned WhatsApp criticized Apple’s
forthcoming privacy label requirements this week, saying that the labels
are anti-competitive because they won’t apply to first-party apps, like
iMessage, that come pre-installed on iPhones. WhatsApp also argued
that they don’t allow companies to share enough details about the
measures they’re taking to protect consumer data.
Apple responded by saying labels for its own apps will be on its website
for those apps not distributed through the App Store.

Facebook antitrust lawsuits


Image Credits: TechCrunch

Forty-eight attorneys general across 46 states, the territory of Guam


and the District of Columbia have filed an antitrust lawsuit that accuses
Facebook of suppressing its competition through monopolistic business
practices. The states are asking the court to restrain Facebook from
making further acquisitions in excess of $10 million without notifying the
plaintiffs, and is asking for additional relief, including “the divestiture or
restructuring of illegally acquired companies, or current Facebook
assets or business lines.”
The FTC also voted to pursue its own antitrust suit against Facebook at
the federal level.
While the lawsuits are much larger than an app story alone, they do
have the potential to impact the app ecosystem if the plaintiffs prevail,
as they ask for the acquisitions of Instagram and WhatsApp, and
maybe others, to be retroactively judged to be illegal and divested. This
would allow for increased competition among the social app market,
where Facebook leverages its power to maintain its dominant position.
For instance, Facebook just integrated its messaging platform with
Instagram’s, meaning users can now message friends across two of
the largest social platforms via just one app — either Messenger or
Instagram. WhatsApp could be integrated in the future, as well.
Twitter buys Squad

Image Credits: Twitter

Twitter on Friday announced the acquisition of the screen-sharing


social app Squad. The startup’s co-founders, CEO Esther Crawford
and CTO Ethan Sutin, along with the rest of Squad’s team will be
joining Twitter’s design, engineering and product departments. The
Squad app, which had heavily relied on Snap’s Snap Kit developer
tools, will shut down.
Twitter may be shuttering Periscope as well, code reveals, which
leaves some wondering what Twitter’s plans are in terms of
streamlining its services. The company has more recently been
experimenting with its own version of Stories, aka Fleets, and an audio-
based networking product for group conversations.

This Week in App News


Platforms: Apple

 Reminder: Apple’s App Store


Holiday shutdown is coming. The
App Store will not accept new apps
and app updates from December 23-
27 (Pacific Time) for its annual
holiday break.
 Reminder: App privacy questions
requirement starts December 8.
 The iOS 14.3 Release
Candidate arrives, adding support
for the new ProRAW photo format on
iPhone 12 Pro and iPhone 12 Pro
Max, a new Apple TV+ tab that
makes it easier to find Apple’s
Originals, readies the platform for
Fitness+, and makes a change to
bypass launching the Shortcuts app
when using custom app icons,
among other things.
 Apple Watch Family
Setup arrives in Canada on
December 14.
 Apple Fitness+ launches December
14.
Platforms: Google
Image Credits: Google

 Google is working on an
ambitious project to improve GPS
accuracy in apps. In dense urban
areas, it’s often hard to get an
accurate GPS reading — leading to
issues like wrong-side-of-the-street
and even wrong-city-block errors,
which greatly impact ridesharing and
navigation apps. Google’s new
solution uses 3D mapping-aided
corrections, comprised of 3D building
models, raw GPS measurements
and machine learning. Its Pixel
Feature Drop in December adds
these corrections to Pixel 5 and Pixel
4a (5G), which Google says will
reduce wrong-side-of-street
occurrences by approximately 75%.
Other Android phones (Android 8+)
have version 1 implemented in the
FLP (Fused Location Provider API),
which reduces those occurrences by
around 50%. Version 2 will be
available to the entire Android
ecosystem (Android 8 or later) in
early 2021.
 Google Play Pass arrives in 7 new
countries, including key Latin
American markets. The
subscription-based apps and
games service came to Brazil, Chile,
Colombia, Mexico, Peru, Russia and
Saudi Arabia. This brings the total
number of markets where the service
is live to 42.
 Google’s Pixel Feature Drop adds
Adaptive Sound, Hold for Me (where
Google Assistant waits on hold for
you), Extreme Battery Saver Mode,
screen sharing on Duo calls and
more.
Gaming
Image Credits: Microsoft

 Microsoft confirms its Xbox cloud


gaming service will launch on iOS
in 2021. However, the company will
route around the App Store rules by
bringing the service to the iPhone
and iPad in a web browser. This cuts
Apple out of any revenues the game
service can generate. Amazon’s
Luna and Google’s Stadia are also
planning to use the web browser on
iOS to avoid the App Store. 
 Google’s cloud gaming
service Stadia is rolling out
YouTube live streaming, allowing
gamers to share their gameplay to
YouTube. 
 Apple asks for Epic
Games’ Fortnite lawsuit in
Australia to be thrown out because
Epic had promised to settle disputes
and litigation in the U.S. District
Court for the Northern District of
California.
Government and policy

 The U.S. National Weather


Service just saw a record year of
weather-related disasters like the
busiest Atlantic hurricane season on
record and California’s wildfires. Now
the agency says it’s running out of
Internet bandwidth and will need to
throttle the amount of data its
clients and users can access. The
move would impact weather
consumers who get their weather
from apps on their smartphones,
as much of the forecasts and alerts
they receive are based on Weather
Service output and data.
 California’s CA Notify contact-
tracing app for COVID-19 now
reaches the full state. The app uses
Apple and Google’s exposure
notification API.
 Cydia files anti-competition
lawsuit against Apple. Third-party
App Store maker Cydia, home to
jailbreak apps that often added
functionality beyond what Apple
permitted through its terms, is suing
Apple for using anticompetitive
means to destroy its rival app store.
There are good examples of how
denying third-party app stores a
home on iOS may have been
anticompetitive, but Cydia’s lawsuit
may not be it. The store in its early
days distributed pirated apps, not
just those that fell outside Apple’s
rules.
Augmented reality

Image Credits: Instagram

 Instagram partnered with
museums in the U.S. and France,
including the Smithsonian, Palace of
Versailles and Le Grand Palais, to
bring AR versions of their
exhibits to its camera’s AR effects
lineup.
 Snap partnered with the Los
Angeles County Museum of
Art on a multi-year augmented
reality project, “LACMA x Snapchat:
Monumental Perspectives.” The
initiative will pair local artists chosen
by the museum to create site-
specific monuments and murals
that can be viewed in AR in the
Snapchat app.
E-commerce & food delivery

Image Credits: Instagram

 Instagram launches shopping in
Reels, its TikTok rival. The feature
is now one of many ways users can
shop via video, including through
video in Feed, Stories, Live and
IGTV. Facebook Pay powers
checkout for many sellers, allowing
Instagram to generate revenue
through transaction fees.
 WhatsApp adds carts to make
shopping easier. Facebook-owned
WhatsApp added a new shopping
feature that lets consumers buy
multiple items from a business, and
makes it easier for sellers to track
orders.
 DoorDash shares popped 92% in
their trading debut to reach as high
as $195.50 after raising $3.37
billion during its IPO.
 E-commerce app Wish to price
IPO between $22-$24 per share at
up to $14 billion valuation.
Fintech

 Robinhood is losing thousands of


day traders to China-owned
Webull, reports Bloomberg.
Founded by Alibaba alum Wang
Anquan, Webull has increased
brokerage clients by 10x in 2020 to
reach more than 2 million by offering
free stock trades. Robinhood has 13
million, for comparison. Webull is
expected to raise a round from
private U.S. investors and expand
into roboadvisor services.
Travel
Image credits: Phillip Faraone/Getty Images for WIRED25

 Vacation rental app Airbnb began


trading this week on public markets.
After raising its range, the company
opened at $146 per share on
Thursday, more than double its $68
IPO price and valuing the company
at over $100 billion. The stock closed
at nearly $145.
 China’s Cyberspace
Administration of China
(CAC) announced it was banning
105 mobile apps for violating
Chinese regulations. The majority of
the apps were made by Chinese
developers but the U.S.-based travel
booking and review
site Tripadvisor was also on the ban
list, causing its shares to drop.
Tripadvisor works in partnership with
Nasdaq-listed Chinese travel
firm Trip.com (previously called
Ctrip).
Social & Photos

Image Credits: Twitter

 Snap and Twitter worked


together to make it possible for
users to post their tweets to
Snapchat through a native
integration instead of screenshots.
When Twitter users who are logged
into Snapchat now share a tweet
using the Snapchat icon from the
share sheet in Twitter, they’ll be able
to share, react or comment on the
post, then send it to a Snapchat
friend or post to their Story. The
feature is live on iOS with Android in
the works.
 Triller says it can reach 250
million users through partnerships
with Samsung and others. The app,
which hosted a Pay Per View boxing
match between Mike Tyson and Roy
Jones Jr. this year, is planning more
events for 2021, including a concert
with K-pop group Blackpink.
 A second federal judge rules
against the Trump
administration’s TikTok ban,
saying the government “likely
exceeded IEEPA’s [the International
Emergency Economic Powers Act]
express limitations as part of an
agency action that was arbitrary and
capricious.”
 Instagram partnered for the first
time with lyrics site Genius on
“Lyric Reels,” a sort of variation of
Spotify’s “Behind the Lyrics” feature.
The addition will see artists break
down their songs’ lyrics and
meanings. Participants include
Megan Thee Stallion, 24kGoldn and
Tate McRae.
 Tinder makes it easier to report
bad actors who use “unmatch” to
hide from victims. Rival Bumble
had just done the same. But in
Tinder’s implementation, it’s only
making it more obvious how to
access its help documentation while
Bumble had included a button for
reporting users who had already
unmatched you.
 Google’s Photos can now sync
your “Liked” images with Apple’s
Photos service on iOS.
Streaming & entertainment

 Netflix’s StreamFest, a free trial


weekend in India, boosted installs by
200% week-over-week, reaching
approximately 3.6 million global
installs, reports Sensor Tower.
 Stitcher, recently acquired by
SiriusXM, revamped its app for the
first time in years. The new version
offers a dedicated “My Podcasts”
tab, better search filters, result
sorting, user-curated groups of
shows and more.
 HBO Max is fastest-growing SVOD
in U.S. According to Apptopia, the
app hit a lifetime high for daily
downloads three days after its debut,
at 225,000. Since its May launch,
DAUs have grown 242%.
 Spotify had to reset an
undisclosed number of user
passwords after a software
vulnerability exposed private account
information to its business partners,
including things like “email address,
your preferred display name,
password, gender, and date of birth.”
Health & fitness

 Nike Run Club app adds home


screen widgets for iOS 14+. The
widgets can show your Run Level,
post-run progress and make it easier
to start your next run.
Productivity
 Google Drive users on iOS and
Android will be able to see and re-
run desktop and mobile searches;
view and select intelligent selections
as they type, including suggestions
for people, past searches, keywords
and recently accessed files. 

Funding and M&A

Image Credits: Calm

 Meditation app Calm raises $75


million more at $2 billion valuation,
in a round led by prior investor
Lightspeed Venture Partners.
 Twitter buys video app Squad.
(see above) 
 AI financial assistant Cleo raises
$44 million Series B, led by EQT
Ventures. The app and chatbot
aimed at Gen Z connects to bank
accounts to give proactive advice
and timely nudges.
 Mexican challenger banking app
albo raises $45 million to expand
into lending and insurance products.
 Sweden’s MTG acquires mobile
racing game studio Hutch Games,
based in London, for up to $375
million. The studio produces titles
like Rebel Racing, F1 Manager and
Top Drives.

 Seattle’s Freespira raises $10


million for its therapeutic device for
panic attacks PTSD that worked with
a connected app and proprietary
software.
 Banking app for teens
GoHenry raises $40 million to build
out its business in the U.S. and U.K.
 Retail loyalty app Fetch
Rewards raises $80 million Series
C led by Iconiq Growth. The app
offers rewards to users who scan
their receipts after shopping.
 Pear Therapeutics raises $80
million in a round led by SoftBank’s
Vision Fund 2. The company makes
prescription apps aimed at treating
substance use disorders,
schizophrenia and multiple sclerosis.
The FDA has already approved its
treatments for substance abuse,
opioid use and insomnia.
 Reface raises $5.5 million in seed
funding led by a16z for its viral face-
swapping video app.

Downloads
Google Health Studies

Image Credits: Google

Google takes on Apple’s Research app with an alternative for Android


users. The new Google Health Studies app will work in partnership with
leading research institutions, which will connect with study participants
through the app. The first study is timely, as it focuses on respiratory
illnesses, including the flu and COVID-19. The study will use federated
learning and analytics — a privacy technology that keeps a person’s
data stored on the device.
Google Look to Speak
Google launched an accessibility-focused app, Look to Speak, that lets
people use their eyes to choose pre-written phrases for their phone to
say out loud. To use the app, people have to look left, right or up to
select what they want to say from the phrase list and navigate the app.
Look to Speak can also be personalized by letting users edit the words
and phrases they want to say and adjust the gaze settings to their
needs.
Retro Widget

Image Credits: Retro Widget 2

Gaming via a home screen widget? The fun Retro Widget 2 ($1.99)


has been updated to bring the classic Snake II game from old Nokia
handsets to the iPhone’s home screen. The app includes five mazes
and nine levels and lets you play Snake II using the 1, 3, 7 and 9 keys.
Barter
Barter is an app designed for app developers alone. From the maker of
the HomePass and HomeCam apps, Barter offers a way for app
developers to view their app sales in a widget on iOS 14+ devices. The
app includes no analytics or tracking beyond what Apple builds in to
protect developer data. In the future, Pearce says he’ll expand the app
to be able to show things like downloaded units, by product and more.
The current version was an MVP to see if Apple would allow the app to
pass App Review. Since it passed, it will soon be upgraded.

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 This Week In Apps
This Week in Apps: Apple scolds adtech, Facebook hit
with antitrust suits, Twitter buys Squad
Sarah Perez
10:37 AM EST•December 12, 2020
Welcome back to This Week in Apps, the weekly TechCrunch series
that recaps the latest in mobile OS news, mobile applications and the
overall app economy. The app industry is as hot as ever, with a...
FDA grants emergency use authorization for Pfizer’s
COVID-19 vaccine, distribution to begin within days
Darrell Etherington
9:40 PM EST•December 11, 2020
The U.S. Food and Drug Administration (FDA) has granted an
Emergency Use Authorization (EUA) for the COVID-19 vaccine
developed by Pfizer and its partner BioNTech, the New York Times
first reported...

Daily Crunch: Hyundai acquires 80% stake in Boston


Robotics
Anthony Ha
6:51 PM EST•December 11, 2020
Hyundai takes a controlling stake in an iconic robotics company,
Twitter acquires a screen-sharing startup and we round up some
security-themed gift ideas. This is your Daily Crunch for December
11...

Oracle is headed to Texas now, too


Connie Loizos
5:31 PM EST•December 11, 2020
Austinites, watch out; another tech company is headed into town. Just
days after Tesla CEO Elon Musk revealed during an interview that he
has moved to Texas, and less than two weeks after HP Enterp...

Here comes the Faraday fabric


Devin Coldewey
3:13 PM EST•December 11, 2020
You don’t have to buy into 5G conspiracy theories to think that you
could do with a little less radiation in your life. One way of blocking
radiation is a Faraday cage, but this is usually a ...
Extra Crunch
General Catalyst’s Katherine Boyle and Peter Boyce are
looking for ‘obsessive’ founders
There are definitely people who are working at companies that we
start engaging before they even ...
Jordan Crook
3:00 PM EST•December 11, 2020
Give the gift of Extra Crunch for 25% off
Travis Bernard, J.M. Donaldson
2:32 PM EST•December 11, 2020
This holiday season, TechCrunch readers can send an Extra Crunch
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 International
o Japan
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