European Union demands $1B penalty from VW, BMW for hiding emissions – TechCrunch

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Hello and welcome to the Daily Crunch on July 9, 2021. Arrived on Friday. I’m proud. But I still can’t relax. There is a lot to overcome today. We have everything from deceptive car companies now pretending to be tech companies to current venture capital frenzy. let’s go! — — Alex

TechCrunch Top 3

  • Startups have never had something better than this. This is our reading of the venture capital market in the second quarter of 2021. Records have been destroyed around the world, creating a record number of unicorns and soaring reputation. If you’re a founder looking to raise money, now’s probably a good time to do so.
  • Biden undertakes Megacorp: We jokingly call the public company section of this newsletter Big Tech. Because the most famous tech companies are big ones. And it’s worried that many companies have grown so that they should be split to cause more competition. Not surprisingly, tech companies disagree. Anyway, the turmoil from the US government about Goliath companies is starting to take action.
  • What about European start-ups? We usually reserve these three slots for the biggest news of the day, but we wanted to share an essay written by a German venture capitalist about his country. Investors are bullish, but they have two ideas about where the country can do better: regulations on employee stock options and spin-offs. It’s worth reading if you want to consider why some countries are becoming more active startup communities than others.

Startup / VC

First, important startup news:

  • South Korean grocery startup Kurly raises $ 200 million: Online grocery stores are currently worth over $ 2 billion. In addition, IPO plans in the United States are exaggerated. Instead, the company will consider listing locally in the future. Drip out or chop from something else? In any case, the company is a company to keep an eye on.
  • Today’s tiger round? Brazilian HR Startup Flash: The company has just put together a $ 22 million Series B led by a super-caffeine venture capital group. São Paulo-based startups offer new ways to benefit the country.
  • Another $ 500 Million for Ora: According to TechCrunch, the insatiable capital cravings of the ridehaling market have been provided with an additional $ 500 million today on news that Ora of India has raised new funding from “Temasek and Warburg Pincus affiliates.” Perhaps Didi’s blunder is seen by investors as a one-off, at least in the world of on-demand vehicles.

Second, from the venture capital side of the market:

  • TechCrunch’s Ron Miller writes a profile for the Artemis Fund, This is worth reading. An investment group founded by women and often investing in women “plans to invest in 11 companies and an additional 4-5 companies. [before raising its] Next fund. “
  • DN Capital Raised $ 350 Million After some of the startups it backed up were released. The company invests primarily in Europe, as opposed to the UK, where partners say more US-based venture capitalists will emerge.
  • Three venture capitalists have come together to write tips for startups focused on robotics. So if you’re building working hardware, This is for you.

Three analysts join: What are Andy Jassy’s top priorities as Amazon’s new CEO?

What’s the biggest challenge facing upcoming Amazon CEO Andy Jassy now that he’s left AWS to take over Jeff Bezos?

Enterprise reporter Ron Miller has contacted three analysts.

  • Robin Ody, Canaris
  • Scharita Kodari, Forester
  • Ed Anderson, Gartner

Amazon is second listed on the Fortune 500, but it’s not all sunlight and roses. Maintaining growth, unionization, and antitrust potential at home and abroad is only part of his responsibility.

“I think the biggest thing we need to do is keep the momentum that the company has had over the last few years,” Kodari said. “He needs to keep them from losing it. If he does, that is, he will win.”

(Extra Crunch is our membership program that helps founders and start-up teams move forward. You can sign up here.. )

Big Tech Co., Ltd.

Summarize the news part of today’s generous two last entries. First, we’ll delve into why the EU has fined so many automakers. Rebecca’s report:

As environmental problems actually matured in the 1990s, certain German automakers gathered in secret groups to make sure their cars continued to contribute enthusiastically to greenhouse gas emissions. According to the European Union, Daimler, the parent company of Volkswagen, Audi, Porsche, BMW and Mercedes-Benz, is illegally clashing to limit the competition for exhaust gas cleaning of new diesel passenger cars, and cleaner emission technology Is essentially delaying the deployment of.

Yes, you can be very angry about it.

Finally, good news for WhatsApp users from the Facebook world.You can select and move options to send higher quality images and videos What TechCrunch called Service “iffy image compression”. You see, not all news is bad news!

TechCrunch Experts: Growth Marketing

Illustration montage based on blue education and knowledge

Image credit: Sean Gladwell (Opens in a new window) / Getty Images

We contact the founders of startups and tell them who to rely on when they need the latest growth marketing techniques. Please fill out the questionnaire from here.

Please read one of the recommendations received below.

Marketer name: Nikita Vorobyev

Name of recommender: Ruby club

Recommendation: “Nikita and his company, Buildrbrand, I made a tireless effort to realize my idea and did everything with his power to reach today’s level. He and his team created a visual experience of world-class conditional quizzes. I think this is really cool for him to share with the industry. He doesn’t know I nominated him, but I absolutely can because he believes his agency is creating some of the best brands that are currently being talked about online I wanted to give back to him as long as I could. “

European Union demands $1B penalty from VW, BMW for hiding emissions – TechCrunch Source link European Union demands $1B penalty from VW, BMW for hiding emissions – TechCrunch

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