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The 2022 perspective that startups should cut their losses and chart a clearer path to profitability does not only apply to upstart tech companies. After a multiyear spending binge, larger technology companies are also pulling back on costs. For some major tech concerns, the cuts have come in the form of explicit layoffs and staffing…
Folks often ask if Crunchbase and TechCrunch are still the same company (nope). Many express surprise that AOL was once this publication’s sole parent (yep). The saga of Who Owns TechCrunch is actually somewhat interesting. Various corporate developments over the last decade saw TechCrunch trade hands several times, including our most recent ejection from Verizon…
I don’t know if anyone’s really noticed, but Netflix had a pretty great third quarter, thank you very much. The streaming platform added 2.41 million subscribers when it only expected 1 million. It also beat analysts’ financial expectations, with $7.93 billion in revenue rather than $7.85 billion. Plenty has been written about Netflix’s good results,…
There are several categories of business that venture investors often avoid. Gaming was one, historically, because game-based revenues can be hit-driven and episodic. Media was another. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. The argument against funding media companies isn’t hard to…