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Glad Friday! Haje is having fun with some down time on the East Coast, so I’m working solo. As you’ll be able to see from the not-so-surprising move by Elon Musk final night time and the sheer variety of Twitter tales from our fabulous shopper tech group immediately, it has been all Twitter, all day. We promise to offer you a bit of little bit of that, in fact, and a bit of of what else we’ve been engaged on. Let’s dive in, lets? — Christine
The TechCrunch High 3
- Flying the public coop: Now that Elon Musk owns Twitter, its days are numbered as a public firm. In truth, Ivan writes, Twitter might be delisted on November 8 — voting day for the U.S. midterm elections.
- Caging the bird: Over to Europe, the place only a few hours into truly proudly owning Twitter, Musk already discovered himself on the unsuitable finish of European Union officers, who corrected him after he tweeted about how free he thinks Twitter is now. Natasha L has extra.
- Big Tweet Chief: Stories now say that Musk will take the CEO position for himself, Ivan writes, after he ousted Twitter’s four top executives, as reported by Amanda.
For extra information on the blue chicken, head all the way down to the Large Tech Inc. part, the place we have now you lined.
Startups and VC
Sadly, the hits keep coming for 54gene, an African genomics startup centered on offering extra African genetic materials to pharmaceutical analysis — there’s simply 3% now, Tage experiences. After some months of layoffs and a CEO exit, the corporate confirmed that it not solely made yet one more spherical of layoffs — this time of 100 individuals — however it additionally slashed its valuation by over $100 million.
And we have now three extra for you:
- Robotic riot: Galen Robotics has a new robot that can help with ear, nostril and throat surgical procedures. Oh, and it secured $15 million in new funding, Andrew experiences.
- Comply with the yellow brick highway: Recreation studio Hidden Door is using narrative AI to show fiction into immersive role-playing experiences, and Rebecca writes it’s testing out “The Wizard of Oz.”
- Does anybody else use this phrase?: I used to be delighted to see that there’s a firm named Skidattl. The corporate is utilizing augmented actuality to point out customers what individuals are doing round them, in what Rebecca writes is “like a Bat-Signal for fun.”
5 methods biotech startups can mitigate danger to develop sustainably in the long term
Picture Credit: jayk7 (opens in a new window) / Getty Pictures
Because of R&D and medical trials, life science startups have lengthy lead occasions earlier than they’ll deliver their capital-intensive merchandise to market.
“However,” asks Omar Khalil, a companion at Santé Ventures, “what occurs when the funding instantly dries up?”
In a visitor publish for TC+, he shares 5 methods for biotech startups which are attempting to remain heat by way of the winter forward.
“It’s nonetheless too early to know whether or not this can be a short-term correction, or if it’s a brand new regular that might be maintained for the foreseeable future.”
Three extra from the TC+ group:
TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You can sign up here. Use code “DC” for a 15% low cost on an annual subscription!
Large Tech Inc.
As promised, we have now much more Twitter information so that you can take pleasure in. As I write this, a number of of my colleagues hopped on Twitter Areas to speak about all this. One of many newest bits of reports from Taylor was that Elon Musk was forming a content moderation “council” to make sure choices — for instance, about account reinstatements for, cough, Donald Trump. Right here’s two extra:
Catching you up on extra earnings experiences:
And we have now 4 extra for you:
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