Sq. buys a majority stake in Jay-Z’s Tidal, WhatsApp improves its desktop app and Hopin raises much more funding. That is your Every day Crunch for March 4, 2021.
The large story: Sq. acquires Tidal
Sq. introduced this morning that it has purchased a majority stake in Tidal, the music streaming service based by Jay-Z. It seems like an odd match at first, which Sq. CEO Jack Dorsey acknowledged in a tweet asking, “Why would a music streaming firm and a monetary providers firm be a part of forces?!”
His reply: “It comes right down to a easy thought: discovering new methods for artists to help their work. New concepts are discovered on the intersections, and we consider there’s a compelling one between music and the financial system. Making the financial system work for artists is just like what Sq. has accomplished for sellers.”
Sq. is paying $297 million in money and inventory for the deal, which is able to end in Jay-Z becoming a member of Sq.’s board.
The tech giants
WhatsApp adds voice and video calling to desktop app — This could present aid to numerous folks sitting in entrance of computer systems who’ve needed to attain for his or her telephone each time WhatsApp rang.
Apple’s App Store is now also under antitrust scrutiny in the UK — The U.Okay.’s Competitors and Markets Authority introduced that it’s opened an investigation following various complaints from builders alleging unfair phrases.
Google speeds up its release cycle for Chrome — Mozilla additionally moved to a four-week cycle for Firefox final yr.
Startups, funding and enterprise capital
Hopin confirms $400M raise at $5.65B valuation — For Hopin, the spherical is one other rapid-fire funding occasion.
Coursera is planning to file to go public tomorrow — The corporate has been speaking to underwriters since final yr, however tomorrow may mark its first authorized step within the course of to IPO.
Luxury air travel startup Aero raises $20M — The startup describes its providing as “semi-private” air journey.
Recommendation and evaluation from Additional Crunch
As activist investors loom, what’s next for Box? — An organization with loads of potential is mired in slowing development.
Unraveling ThredUp’s IPO filing: Slow growth, but a shifting business model — ThredUp is a used-goods market approaching the general public markets within the wake of Poshmark’s personal robust debut.
(Additional Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
The whole lot else
SITA says its airline passenger system was hit by a data breach — World air transport information big SITA has confirmed a knowledge breach involving passenger information.
How to successfully dance the creator-brand tango — What makes creators succeed, and the way ought to manufacturers work with them?
Announcing the Early Stage Pitch-Off Judges — On April 2, TechCrunch will function 10 prime startups throughout the globe on the Early Stage Pitch Off.
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