‘For You’ feeds are not for creators, Patreon says
Patreon has continued on its crusade against algorithmic feeds with its latest State of Create report, a look at trends in the creator economy based on internal data, and it’s an effort creators can get behind. In its survey of 1,000 creators and 2,000 fans, the membership platform reported that
Read moreSaronic raises $600M to mass-produce autonomous warships
Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreStudy of TikTok, X ‘For You’ feeds in Germany finds Far Right political bias ahead of federal elections
Recommendation algorithms operated by social media giants TikTok and X have shown evidence of substantial Far Right political bias in Germany ahead of a federal election that takes place Sunday, according to new research carried out by Global Witness. The non-government organization (NGO) undertook an analysis of social media content
Read moreAfter raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO
Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its
Read moreUber ditches commissions in favor of daily fees for rickshaw drivers in India
Uber has introduced daily fees for auto rickshaw drivers in India to move away from its typical commission-based model. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreMark Zuckerberg’s charity U-turns, ends DEI efforts
Mark Zuckerberg’s charity has eliminated its DEI programs and efforts just weeks after assuring staff it would continue supporting DEI efforts, The Guardian reports. The Chan Zuckerberg Initiative (CZI), co-founded by Zuckerberg and his wife Priscilla Chan, will end internal DEI programs and no longer provide “social advocacy funding,” which
Read moreBrand-new women’s focused Swizzle Ventures skyrockets past its fundraising target
Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its initial $3 million target, Jessica Kamada, the firm’s founder, told TechCrunch. Back in December, TechCrunch reported that the firm, which quietly launched in 2023, was raising and has already bypassed $5 million, per its SEC filing. The thesis
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