INSUBCONTINENT EXCLUSIVE:
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories
If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.1
WeWork withdraws its S-1 filing, will delay its IPOThe move was widely expected, but The We Company (which owns WeWork) made it official
yesterday, with new co-CEOs Artie Minson and Sebastian Gunningham declaring that they’ve “decided to postpone our IPO to focus on our
core business.”Since the company’s S-1 became public, it has faced intense scrutiny over the general state of its finances, and more
specifically over the power and behavior of Adam Neumann, who stepped down as CEO last week.2
Europe’s top court says active consent is needed for tracking cookiesIt’s a decision that plunges many websites into legal hot water in
The Court says consent must be obtained prior to storing or accessing non-essential cookies, such as tracking cookies for targeted
Twitter launches its anti-abuse filter for Direct MessagesTwitter is rolling out its spam and abuse filter for Direct Messages, a month and
a half after the company announced it had started testing the feature
This should be useful for people who want to keep their DMs open without having to see abusive content.4
Microsoft OneDrive Personal Vault rolls out worldwide, launches expandable storageEarlier this summer, Microsoft introduced an extra layer
of security for its OneDrive product, allowing users to protect their files with two-step verification
Now it’s rolling this feature out worldwide.5
Pandora puts its personalization powers to work in a revamped appThe company’s new mobile experience includes a dedicated “For You”
tab where a continually updated feed of content is presented to users, including music and podcast recommendations.6
Rapyd raises $100M for its ‘fintech as a service’ API, now valued at nearly a $1B valuationCurrently, Rapyd lets customers use its API
to enable checkout, funds collection, fund disbursements, compliance as a service, foreign exchange, card issuing and integration.7
SmartNews’ head of product on how the news discovery app wants to free readers from filter bubblesSmartNews’ Jeannie Yang talks about
the app’s place in the media ecosystem, creating recommendation algorithms that don’t reinforce biases, the difference between its
Japanese and American users and the challenges of presenting political news in a highly polarized environment
(Extra Crunch membership required.)
