Monday, May 20

Fisker loses clients’ cash, Robinhood introduces a charge card, and Google creates travel schedules

Hey, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter wrapping up the significant happenings in tech over the previous couple of days.

Today, TC’s vehicle press reporter Sean O’Kane exposed how EV start-up Fisker momentarily misplaced countless dollars in client payments as it scaled up shipments, causing an internal audit that began in December and took months to finish.

Somewhere else, Lorenzo reported how Facebook sleuthed on users’ Snapchat traffic in a secret task understood internally at Meta as “Project Ghostbusters.” According to court files, the objective was to obstruct and decrypt the network traffic in between individuals utilizing Snapchat’s app and its servers.

And Manish blogged about the resignation of Stability AI creator and CEO Emad Mostaque late recently. Mostaque’s departure from Stability AI– the start-up understood for its popular image generation tool Stable Diffusion– comes amidst a continuous battle for stability (pun meant) at the business, which was apparently investing ~$8 million a month since October 2023 with little income to reveal for it.

Lots else took place. We evaluate all of it in this edition of WiR– however initially, a suggestion to register to get the WiR newsletter in your inbox every Saturday.

News

Fisker suspended: Fisker’s bad week continued with a stop in the start-up’s stock trading. The New York Stock Exchange transferred to take Fisker off the exchange, mentioning its “unusually low” stock levels.

AI-powered schedules: In an upgrade to its Search Generative Experience, Google has actually included the capability for users to ask Google Search to prepare a travel schedule. Utilizing AI, Search will make use of concepts from sites around the web together with evaluations, images and other information.

Robinhood’s brand-new card: Nine months after obtaining charge card start-up X1 for $95 million, Robinhood on Wednesday revealed the launch of its brand-new Gold Card, powered by X1’s innovation, with a list of functions that might make Apple Card users jealous.

At AT&T, mum’s the word: The individual info of some 73 million AT&T clients spilled online today. AT&T will not state how– regardless of the hack accountable having actually occurred over 3 years back.

Financing

Thriving Copilot: Copilot, the budgeting app, has actually raised $6 million in a Series A round led by Nico Wittenborn’s Adjacent. The app is benefiting partially from the death of Mint, Intuit’s monetary management item.

Liquid properties: In a piece taking a look at the larger VC-backed drink market, Rebecca and Christine keep in mind canned water start-up Liquid Death’s current $67 million fundraise, which brought the business’s overall raised to more than $267 million. Discuss liquidity.

Heating and cooling endeavor: Dan Laufer, a previous Nextdoor officer, has actually raised $25 million from Canvas Ventures and others for PipeDreams, a start-up that gets mom-and-pop HVAC and pipes business and scales them utilizing its software application that assists with scheduling and marketing.

Analysis

Is Nvidia the next AWS?: Ron blogs about how there’s great deals of parallels in Nvidia’s and AWS’ development trajectories.

ยป …
Find out more