Category: News Updates

Gig economy stalwart TaskRabbit is contemplating a sale

One of the earliest and most prominent startups of the so-called “sharing economy” or “gig economy” is evaluating the possibility of selling itself. As reported by Recode, freelance work marketplace TaskRabbit acknowledged that it is contemplating a sale after receiving inbound interest from a possible strategic buyer. TaskRabbit launched in early 2008 as a way to match…

Here are the frontier startups that presented at Singularity University’s third demo day

The nine startups participating in Singularity University’s accelerator program presented this afternoon at Moffett Federal Airfield just outside Mountain View, CA. Singularity University, founded in 2008 by Peter Diamandis and Ray Kurzweil, aims to make it more feasible for people to address hard science problems and those that require a global reach. Startups backed by Singularity University have gone…

Google is fighting with Symantec over encrypting the internet

Google, which has accused Symantec and its partners of misissuing tens of thousands of certificates for encrypted web connections, quietly announced Thursday that it’s downgrading the level and length of trust Chrome will place in certificates issued by Symantec. Encrypted web connections — HTTPS connections like those on banking sites, login pages or news sites like…

The SEC and DOJ just dropped their inquiries into Hampton Creek

The SEC and the Department of Justice, which had launched preliminary inquiries into the vegan food company Hampton Creek last summer, have officially closed their inquiries, according to founder and CEO Josh Tetrick. He informed the company’s 160-plus employees of the status change this morning in an email that you can find below. Tetrick called the news “the…

Online ticket marketplace Vivid Seats is looking to sell for $1.5 billion

Online secondary ticket marketplace Vivid Seats is looking for a buyer and they’re hoping to fetch a price of about $1.5 billion, TechCrunch has learned. According to multiple sources, private equity firm Vista Equity Partners is working with Morgan Stanley to unload Vivid, which could net a tidy profit for the firm a little over a year after acquiring the business for…