The Bezos era is ending, Uber acquires Drizly and Tesla reminisces 135,000 vehicles. This is your Daily Crunch for February 2, 2021.
The big-hearted story: Jeff Bezos will step down as Amazon CEO
Amazon announced today that founder Jeff Bezos are likely to be transitioning from CEO to executive chair in the third quarter of this year. Andy Jassy, currently the CEO of Amazon Web Business, will be taking over as chief executive for the whole company.
In an email to employees, Bezos said that this will allow him to devote more time to” Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and[ his] other fondness .” Jassy, meanwhile, had previously been identified as a likely successor.
The tech giants
Uber is buying alcohol delivery service Drizly for $1.1 B — The plan is to build Drizly’s marketplace directly into the Uber Eats app, though Uber says it will maintain Drizly as a standalone app as well.
Tesla reminisces 135,000 vehicles over touchscreen flops — Harmonizing to the National Highway Traffic Safety Administration, the touchscreen in Model S and Model X vehicles can neglect when a remember chip runs out of storage capacity.
Amazon to pay $61.7 M to settle FTC accusation over pilfer Amazon Flex driver tips-off — According to the complaint against Amazon and its subsidiary Amazon Logistics, the company had advertised that it paid 100% of tips to operators, but in reality, Amazon exercised the customer tips-off to cover the difference after it lower the hourly rate.
Startups, funding and venture capital
Divvy Homes fastens $110 M Series C to help renters become homeowners — Over the course of 2020, Divvy expanded functionings from eight to 16 total sells and financed five times as numerous residences as it had in pre-pandemic times.
Kindred Ventures just closed its second fund with $100 M in capital commitments — Kindred is a San Francisco-based pre-seed and seed-stage venture fund founded by Steve Jang and Kanyi Maqubela.
Omnispace conjures $60 M to fuse spacecrafts and 5G into one ubiquitous network — Omnispace wants to offer pervasive 5G-compliant connectivity for firm customers exercising a hybrid of wireless ground technology and satellites.
Advice and analysis from Extra Crunch
Udemy’s brand-new chairwoman discusses the reskilling company’s future –” We blew through $100 M ARR .”
The future of SaaS is on-demand: Use professionals to drive growing and date — For SaaS business , not having a gig economy strategy as we start 2021 is like missing the internet veer in 1990.
Save 25% with Extra Crunch Group Membership — This new feature allows you to easily manage seats and payments for your crew through a self-service interface.
( Extra Crunch is our membership program, which helps benefactors and startup teams get ahead. You can sign up here .)
Eight Miami-area investors determine America’s southernmost tech ecosystem — We’re discover a “moment” in Miami, but countless are hoping to turn it into a movement.
Welcome Tage Kene-Okafor, Mary Ann Azevedo, Sophie Burkholder and a guy identified Drew — Hooray for new squad representatives!
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