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Hello and welcome to Daily Crunch on December 3rd, 2021! I don’t know about you, but after watching stocks get hammered all day, the main thing I want to do is take a nap and take a deep breath. But it was worse for DocuSign and Didi than it was for us, so we can take comfort in it. What did Didi do? Well let’s talk about it. –Alex
The TechCrunch Top 3
- Didi to delete: The latest detail from the Dada-esque Didi disaster came today when the Chinese ride-hailing giant announced it was getting out of US markets. It is listed in Hong Kong instead. Didi’s IPO, similar to the failed Ant debut, could become a timeline for further decoupling the Chinese market from the world.
- Read this article by Amanda Silberling on the Creator Economy: The global success of Netflix’s “Squid Game” spawned a home industry of me-toos. None is perhaps more notable than an entry from YouTuber MrBeast. I saw a clip once where he buried himself alive with laughter. Separately, Silberling deals with the YouTube economy and how stunts can use content that has already been created. Well worth reading.
- SPACs challenge Amazon, Microsoft: The blank check corporate circus continued this week with news that Rumble – the video hosting platform that popularized right-wing figures – will go public through a SPAC. and like the Trump tech deal, it has a long-term vision to compete with the big platform companies of the internet. We say good luck to that.
Startups / VC
- How To Think About The Oura Ring: Our own Brian Heater got a great look at the Oura Ring 3, which in his opinion is not a replacement for the Apple Watch. Instead, he says, it’s a replacement for a fitness band. Given that I’ve turned my Apple Watch into a fitness band by clearing all notifications except those asking me to move my lard, I don’t mind Heater’s view.
- Vinehealth raises cash ahead of Serie A: A $ 5.5 million round was once the order of the Series A. Now it’s seeds, or a little later. No matter how Vinehealth would like to describe its latest round, the London-based digital health startup that created an app that provides cancer patients with personalized support while making it easier to collect patient-reported outcome data now has the capital it needs to run its next Round to reach round. Let’s see how it scales.
- Umamicart has a great name: What does Umamicart do if you had to guess? For example, do you expect the delivery of Asian ingredients? Bingo! That’s what it does, and the company just raised $ 6 million to keep growing.
- Zindi uses the community to solve data issues: What happens when you combine community and AI and use the result on tricky data problems? You get Zindi, it turns out. TechCrunch has a keen look at South African concern that you should read.
- If you want to hear a weekend, there’s new equity (here) for your audio enjoyment.
3 ways to recruit engineers who fly under LinkedIn’s radar
Credit: the_burtons (opens in a new window) / Getty Images
This week, LinkedIn launched support for Hindi users, reaching approximately 500 million people in India and 100 million more around the world.
There are many talented developers in emerging markets, but few of them share the same social network that so many startup recruiters rely on. Plus, a lot of developers just don’t like social media – so what’s your plan for reaching them?
We’re in the middle of a talent drought, so it’s a good idea to draw water from more than one well. To reach a wider mix of candidates, Use the three ideas outlined here to improve your startup’s hiring game.
(TechCrunch + is our membership program that helps founders and startup teams move forward. Here you can sign up.)
Big Tech Inc.
- Facebook Messenger tests payment splitting: When you reach the size of Facebook, every product on the market is a potential addition to your core service. So it comes as no great surprise that Big Blue is adding payment splitting to its messenger service. What can users do with the ability to “share bills and expenses through the app”? Well, most of what you can do with Venmo or Splitwise, we mean.
- Tech stocks are getting hammered (again): DocuSign led the downtrend, becoming the first tab on the tech rating to unwind that Friday. Stocks of tech stocks have suffered a series of blows this week that drove software stocks into bear market territory. Sure, valuations are still high, but the hype could dissipate over the warm climate of the market.
- Why does Pinduoduo grow food? This came as a surprise to my eyes. Chinese e-commerce giant Pinduoduo unveiled a huge agricultural effort in August that it appears to be putting both capital and focus on. “The program will be non-for-profit, the company promised, and any profits from the second quarter and ‘any possible profits in future quarters would be allocated to the initiative,'” TechCrunch reported. My first assumption is that this way tech companies in China can continue to be tech shops while serving top-down demand for “Common prosperity”.
TechCrunch experts
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