DJI, the world's leading maker of consumer drones, said today that extensive corruption discovered within the company could lead to losses as great as $150 million in the 2018 financial year. The exact nature of the corruption is not stated, but it seems to involve dozens of people at the least. The China Securities Journal, a state-operated finance-focused newspaper, got hold of an internal company report on a corruption investigation that said some 40 people had [...]
Fri, Jan 18, 2019, Continue reading at the source
Eisar Lipkovitz, a veteran Google executive who most recently led the video and display advertising team there, is leaving the company to head up engineering efforts at Lyft . As executive vice president of engineering, Lipkovitz will be leading Lyft's engineering team, which now eclipses 1,000 people. Eisar's hiring comes on the heels of massive growth at Lyft, specifically its engineering team. The ride-hailing company's engineering team, doubled in size in the last year. It also [...]
Fri, Jan 18, 2019, Continue reading at the source
There are just three short weeks until Silicon Valley's startup community takes a night off to relax, connect and get down at the 2nd Annual TechCrunch Winter Party at Galvanize. It's not just an opportunity to have a great time — although you will. It's also the chance for promising early-stage startups to strut their stuff. We have a handful of demo tables available, but they won't last long. Why not book a demo table [...]
Fri, Jan 18, 2019, Continue reading at the source
How do you do, fellow kids? After Facebook Watch, Lasso, and IGTV failed to become hits with teens, the company has been quietly developing another youthful video product. Multiple sources confirm that Facebook has spent months building LOL, a special feed of funny videos and GIF-like clips. It's divided into categories like “For You”, “Animals”, “Fails”, “Pranks” and more with content pulled from News Feed posts by top meme Pages on Facebook. LOL is [...]
Fri, Jan 18, 2019, Continue reading at the source
With an inaugural investment into the Los Angeles-based entertainment startup Culture Genesis, Clifford Harris Jr., who's better known as “T.I.”, has launched a new syndicated investment vehicle called Tech Cypha. Launched by the music and cultural impresario with more hustle than hustle and his business partner Jason Geter, the new collaborative investment strategy focused on tech startups will allow high net worth individuals to participate in deals. Live streaming studio, Culture Genesis, launches its first show, the [...]
Fri, Jan 18, 2019, Continue reading at the source
Google is removing apps from Google Play that request permission to access call logs and SMS text message data but haven't been manually vetted by Google staff. The search and mobile giant said it is part of a move to cut down on apps that have access to sensitive calling and texting data. Google said in October that Android apps will no longer be allowed to use the legacy permissions as part of a wider push for [...]
Fri, Jan 18, 2019, Continue reading at the source
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. If you'd like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Tesla to cut workforce by 7 percent and focus on Model 3 production In an email to employees, CEO Elon Musk says the focus must be on delivering “at least the mid-range Model 3 variant in all markets.” He also warns the employees [...]
Fri, Jan 18, 2019, Continue reading at the source
The shed-dwelling ex-prime minister unites a divided country. [...]
Thu, Jan 17, 2019, Continue reading at the source
Duke appeared “very, very shocked” in the immediate aftermath, witness says. [...]
Thu, Jan 17, 2019, Continue reading at the source
A fresh referendum to stay in the EU is being pushed like never before. [...]
Thu, Jan 17, 2019, Continue reading at the source