Daily Crunch: Squarespace files to go public
Squarespace is going public, Apple shares some music payment details and Twitter bans the founder of the right-wing media organization Project Veritas. This is your Daily Crunch for April 16, 2021.
The big story: Squarespace files to go public
Squarespace has filed to go public via direct listing on the New York Stock Exchange, under the ticker symbol SQSP. The company behind the popular website builder has seen its revenue grow 28% year-over-year, from $484.8 million in 2019 to $621.1 in 2020. And it reported net income of $30.6 million last year.
Also worth noting: The majority of voting power still rests with founder and CEO Anthony Casalena.
The tech giants
Apple Music streaming revenue detailed in letter to artists — Things start at around a penny-per-stream, which is about double what Spotify pays out.
Google misled consumers over location data settings, Australia court finds — The case relates to personal location data collected by Google through Android mobile devices between January 2017 and December 2018.
Twitter bans James O’Keefe of Project Veritas over fake account policy — O’Keefe has already said that he will sue the company for defamation.
Startups, funding and venture capital
Level raises $27M from Khosla, Lightspeed ‘to rebuild insurance from the ground up’ — Level aims to give companies a more flexible way to offer benefits to employees.
Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network — Ocado is treating this as a strategic investment to develop AI-powered, self-driving systems that will work across its operations.
Soona raises $10.2M to make remote photo and video shoots easy — Customers ship their products to Soona, then watch the shoot remotely and offer immediate feedback.
Advice and analysis from Extra Crunch
The IPO market is sending us mixed messages — Summing up the IPO news from UiPath, Coinbase, Grab, AppLovin and Zenvia.
Data scientists: Bring the narrative to the forefront — In our collective infatuation with data, what’s often overlooked is the role that storytelling plays in extracting real value from it.
Enterprise security attackers are one password away from your worst day — Exabeam’s Ralph Pisani argues that the world has changed, but cybersecurity hasn’t kept pace.
(Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.)
Everything else
Reform the US low-income broadband program by rebuilding Lifeline — America’s Lifeline program is a monthly subsidy designed to help low-income families afford critical communications services.
GM’s second $2.3B battery plant with LG Chem to open in late 2023 — The plant will supply the automaker with the cells needed for the 30 electric vehicle models it plans to launch by mid decade.
Pakistan temporarily blocks social media — The Pakistani government ordered the Pakistan Telecommunication Authority to block social media platforms including Twitter, Facebook, WhatsApp, YouTube and Telegram for several hours today.
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 3pm Pacific, you can subscribe here.
Squarespace is going public, Apple shares some music payment details and Twitter bans the founder of the right-wing media organization Project Veritas. This is your Daily Crunch for April 16, 2021. The big story: Squarespace files to go public Squarespace has filed to go public via direct listing on the…
Recent Posts
- Bang & Olufsen Beosystem 9000c: Price, Specs, Release Date
- Wear OS 5: what we want to see, and all the leaks so far
- The obscure little PC that wanted to be a big NAS — super compact Maiyunda M1 doesn’t cost that much, offers up to 40TB SSD storage, runs Windows and has 4 Gigabit Ethernet ports
- Image site Abload going offline reminds me of how much online content we’ve permanently lost
- The Mercedes G-Wagen, the ultimate off-road status symbol, goes electric
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011