Author: Matthew Lynley

TechCrunch Disrupt SF 2017 will feature some of tech’s wildest success stories

TECHCRUNCH Time is marching on — sometimes at an alarming rate — and we’re quickly approaching TechCrunch’s annual huge conference in San Francisco. TechCrunch Disrupt SF 2017 is less than a month away at 48 Pier in San Francisco. This year’s lineup includes a stellar group of speakers, including Pinterest’s Ben Silbermann, Golden State Warriors superstar forward (and also investor) Kevin Durant, Forerunner Venture’s Kristen Green and Udacity co-founder Sebastian Thrun. We’ll be tackling a lot of huge topics at Disrupt this year — a lot of which have exploded in just the past year or so. From the...

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Blue Apron is having a really bad day

TECHCRUNCH Things are not going so well for Blue Apron this morning after reporting its second-quarter earnings (its first earnings report ever), and the stock is crashing as a result of it. The company’s stock is down more than 14% on the earnings report, which came in pretty mixed compared to what Wall Street wanted. Blue Apron is looking to pull back on its marketing spend as it tries to get its burn under control, which resulted in a drop in its number of customers. The company was able to squeeze out a small profit in a past life,...

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Blue Apron sees some signs of life as it pulls back its marketing engine

TECHCRUNCH Amid the ever-present specter of Amazon, Blue Apron reported its second-quarter earnings today — where it showed a mixed performance for Wall Street, but also some small much-needed improvements in certain metrics. The biggest drag on the company was that it said it was paring back its marketing expenses between the first and second quarter, resulting in a 9% decrease in total customers when comparing the second and first quarter this year. Blue Apron saw its burn rise dramatically in the periods before its IPO as it sought to acquire as much of the market as it could in an increasingly-competitive industry, and now it’s had to try to show that it can be something that’s wholly sustainable now that it appears very possible that Amazon will try to go after it. “In the second quarter, we saw an 18 percent year-over-year increase in net revenue, and a $20.6 million improvement in our net loss between the first and second quarters. We recently strengthened our balance sheet as a result of our initial public offering, convertible note issuance and the expansion of our revolving credit facility,” CEO Matt Salzberg said in the earnings release. “We are beginning a new chapter as a public company, and remain focused on our long-term strategy to build an iconic consumer brand, develop a more diverse product portfolio, and further build out an end-to-end supply chain...

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Here’s the 22nd batch of 500 Startups companies

TECHCRUNCH 500 Startups is ramping up its next batch of companies in its early stage startup program, which this time consists of 36 startups. The firm’s pitch to companies entering the accelerator has generally been that it can better help support growth and marketing efforts. So a lot of the companies you’ll find in this batch are ones that align neatly with those needs, from financial tech to digital health. They’re the kinds of businesses that may look better at scale, but need help getting off the ground. This one might be an awkward one, though. Frontman Dave McClure,...

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Travis Kalanick reportedly sought to reassert control at Uber after ouster

TECHCRUNCH Just under two months after resigning from Uber, former CEO Travis Kalanick has reportedly asked some former colleagues if they would support him in a potential shareholder battle, according to a new report by The Information. You’ll periodically find these kinds of proxy fights happening at public companies, but after his ouster, it appears that Kalanick still may want to try to gain back some control at Uber. The Information reports that Kalanick isn’t currently pursuing a shareholder battle. This comes amid reports that Softbank is looking to invest in the company, as well as purchase shares from existing...

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There’s a manifesto criticizing Google’s diversity efforts circulating inside the company

TECHCRUNCH A screed from a Googler against the company’s diversity policies appears to be circulating internally at the company, according to Gizmodo, which has published the memo. Motherboard first reported on the existence of the document making the rounds, which Googlers condemned on Twitter. In it, the author of the “manifesto” appears to try to argue that the gender gap in technology is not a product of discrimination — but rather inherent biological differences between men and women in general. “I value diversity and inclusion, am not denying that sexism exists, and don’t endorse using stereotypes,” the memo states...

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All the major cases where an LTE-enabled Apple Watch would be great

TECHCRUNCH Apple is reportedly working on an Apple Watch that won’t have to be tethered to your phone for data, freeing that small fitness tracker on your wrist from the oppressive confines of having to carry around a now-critical piece of technology for operating in your daily life. This will probably have repercussions for the battery life of the watch that you have to charge every evening. We probably don’t know exactly how this kind of tech is going to play out yet — like whether it needs a separate data plan or would be more expensive. But it...

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Snap’s earnings this week will once again test its place in the advertising universe

TECHCRUNCH Snap will report its second earnings report this week, which will once again look to answer the question: is there room on the advertising spectrum for Snap? The answer during its last earnings report (its first as a public company) was a resounding to be determined. The company’s stock has been hammered in the past several months falling well below its IPO price, which is not great news for all parties involved. Snap’s employees are probably the worst off here, who are still waiting for lockups to expire as they watch the stock tick lower and lower. For better...

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