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Fisker loses customers’ money, Robinhood launches credit card, Google generates travel itineraries

Hello, everyone, and welcome to TechCrunch’s Weekly Review (WiR), a newsletter that recaps the biggest stories in tech over the past few days.

This week, TC’s automotive reporter Sean O’Kane revealed how electric car startup Fisker temporarily lost records of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that began in December and took months. It takes time to complete.

Elsewhere, Lorenzo reported on how Facebook snooped on users’ Snapchat traffic in a secretive project internally called “Project Ghostbusters” at Meta. According to court documents, the goal was to intercept and decrypt web traffic between people using the Snapchat app and its servers.

Manish wrote an article late last week about the resignation of Stability AI founder and CEO Emad Mostaque. Mostaque’s departure from Stability AI, the startup best known for its popular image generation tool Stable Diffusion, comes amid the company’s continued struggles (pun intended) with stability, which is reportedly losing 10% of its revenue per month as of October 2023 About $8 million was spent, but there was little revenue to show for it.

A lot of other things happened. We recap it all in this issue of WiR – but first, a reminder to sign up to receive the WiR newsletter in your inbox every Saturday.

information

Fisker suspended: Fisker’s bad week continues, with trading in the startup’s stock halted. The New York Stock Exchange delisted Fisker’s stock from the exchange, citing “abnormally low” stock levels.

AI-driven journey: In an upgrade to its search generation experience, Google has added the ability for users to ask Google searches to plan travel itineraries. Using artificial intelligence, the search will draw ideas from sites across the web along with reviews, photos and other details.

Robin Hood’s new cards: Nine months after acquiring credit card startup X1 for $95 million, Robinhood on Wednesday announced a new gold card powered by X1 technology, with a host of features that might make Apple Card users green with envy.

At AT&T, my mother’s words are: This week, the personal information of approximately 73 million AT&T customers was leaked online. But AT&T did not disclose the specific reasons – even though the hack occurred more than three years ago.

funds

Booming co-pilot: Budgeting app Copilot has raised $6 million in a Series A funding round led by Nico Wittenborn’s Adjacent. The app benefited in part from the demise of Intuit’s financial management product Mint.

Current assets: In an article about the broader venture-backed beverage industry, Rebecca and Christine note that canned water startup Liquid Death recently raised $67 million in funding, bringing the company’s total funding to more than $267 million. Talk about liquidity.

HVAC companies: Former Nextdoor executive Dan Laufer has raised $25 million from Canvas Ventures and other firms for PipeDreams, a startup that acquires small HVAC and plumbing companies and uses its software to help with scheduling and marketing to scale.

analyze

Is Nvidia the next AWS? : Ron wrote that there are many similarities in the growth trajectories of Nvidia and AWS.

podcast

this week in fairThe cast takes a deep dive into Robinhood’s new credit card, Fisker’s recent woes, and even Databricks’ new $10 million AI model to launch. They also spotlighted two startups focused on children and, finally, a new $100 million fund aimed at supporting innovative climate technologies.

At the same time, at establishedAllison Wolff, co-founder and CEO of Vibrant Planet, a cloud-based planning and monitoring tool for adaptive land management, discusses why we are seeing more wildfires today than we Fires that can be controlled are hotter and spread faster, and proper land management can help foster lower, slower-burning fires.

continue chain reaction, Jacquelyn interviews Scott Dykstra, CTO and co-founder of Space and Time. Space and Time aims to be a verifiable computing layer for web3 that scales zero-knowledge proofs, a cryptographic operation used to prove something about a piece of data without revealing the original data itself.

bonus wheel

Spotify Test Online Learning: In an effort to get its more than 600 million users to spend more time and money on its platform, Spotify is launching a new offering: e-learning. Starting with its launch in the UK, the (traditional audio) streaming platform is testing an online education offering with freemium video courses.

#Fisker #loses #customers #money #Robinhood #launches #credit #card #Google #generates #travel #itineraries

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