Fb unveils one other experimental app, Atlassian acquires an information visualization startup and Newsela turns into a unicorn. That is your Each day Crunch for February 26, 2021.
The large story: Fb launches rap app
The brand new BARS app was created by NPE Staff (Fb’s inner R&D group), permitting rappers to pick from professionally created beats, after which create and share their very own raps and movies. It consists of autotune and can even recommend rhymes as you’re writing the lyrics.
This marks NPE Staff’s second musical effort — the primary was the music video app Collab. (It is also seen as one other try by Fb to launch a TikTok competitor.) BARS is offered within the iOS App Retailer within the U.S., with Fb regularly admitting customers off a waitlist.
The tech giants
Atlassian is buying Chartio to carry information visualization to the platform — Atlassian sees Chartio as a method to actually reap the benefits of the information locked inside its merchandise.
Yelp places belief and security within the highlight — Yelp launched its very first belief and security report this week, with the purpose of explaining the work that it does to crack down on fraudulent and in any other case inaccurate or unhelpful content material.
Startups, funding and enterprise capital
Newsela, the alternative for textbooks, raises $100M and turns into a unicorn — If Newsela is doing its job proper, its third-party content material can change textbooks inside a classroom altogether, whereas serving to lecturers present recent, personalised materials.
Tim Hortons marks two years in China with Tencent funding — The Canadian espresso and doughnut large has raised a brand new spherical of funding for its Chinese language enterprise.
Sources: Lightspeed is near hiring a brand new London-based accomplice to place down additional roots in Europe — In keeping with a number of sources, Paul Murphy is being employed away from Northzone.
Recommendation and evaluation from Further Crunch
In freemium advertising, product analytics are the distinction between conversion and confusion — Contemplating that the majority freemium suppliers see fewer than 5% of free customers transfer to paid plans, even a slight enchancment in conversion can translate to vital income features.
As BNPL startups elevate, a have a look at Klarna, Affirm and Afterpay earnings — With buy-now-pay-later choices, shoppers flip a one-time buy right into a restricted string of normal funds.
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Every thing else
Jamaica’s JamCOVID pulled offline after third safety lapse uncovered vacationers’ information — JamCOVID was arrange final 12 months to assist the federal government course of vacationers arriving on the island.
AT&T is popping DirecTV right into a standalone firm — AT&T says it would personal 70% of the brand new firm, whereas personal fairness agency TPG will personal 30%.
How you can ace the 1-hour, and ever-elusive, pitch presentation at TC Early Stage — Norwest’s Lisa Wu has a message for founders: Assume like a VC throughout your pitch presentation.
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