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Daily Crunch: Falling short of analysts’ estimates, Warner Bros. Discovery posts $2.1B net loss for Q4 2022

TechCrunch

Use code “DC” for a 15% discount on an annual subscription! Xiaomi killed the video star : Xiaomi, creator of the short-video app Zili , announced it was shutting down in March “due to an operational adjustment,” Jagmeet reports. net loss for Q4 2022 by Christine Hall originally published on TechCrunch You can sign up here.

.Net 246
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Customer experience startup Clootrack raises $4M, helps brands see through their customers’ eyes

TechCrunch

Getting inside the mind of customers is a challenge as behaviors and demands shift, but Clootrack believes it has cracked the code in helping brands figure out how to do that. The company is currently working with over 150 customers in the areas of retail, direct-to-consumer, banking, automotive, travel and mobile app-based services.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Thus, its platform makes it “easy for these businesses to issue corporate expense cards (Visa for now) and software, mainly for sales and marketing teams, to track and control spending. Demilade, a software engineer that has worked for the likes of credit-led neobanks Carbon and Fairmoney, is the CTO. Unlike the U.S.

.Net 228
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Allocate banks $5M to open up venture capital fund access

TechCrunch

As a result, Kaji and Yang decided to start Allocate as a way to usher in the next era of venture capital by creating a way for retail investors of any size or background to invest in funds and for managers to find family offices. It is already attracting a waitlist of several hundred fund managers and investors.

Banking 249
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Extra Crunch roundup: Lordstown Motors’ woes, how co-CEOs work, Brian Chesky interview

TechCrunch

Expenses were higher than expected, it plans to slash production by about 50%, and the company reported zero revenue and a net loss of $125 million. Use discount code ECFriday to save 20% off a one- or two-year subscription. As I described in Part 2 of this EC-1 , that staffing efficiency is partly due to its culture and who it hires.

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Extra Crunch roundup: Jam City SPAC, startup PR, telemedicine market map, more

TechCrunch

Almost half of all Americans play mobile games, so Alex reviewed Jam City’s investor deck, a transcript of the investor presentation call and a press release to see how it stacks up against Zynga, which “has done great in recent quarters, including posting record revenue and bookings in the first three months of 2021.”

Marketing 244
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Digital twins are primed to revolutionize the infrastructure industry

CIO

Keith Bentley of software developer Bentley Systems describes digital twins as the biggest opportunity for IT value contribution to the physical infrastructure industry since the personal computer, and they’re used in a wide variety of industries , lending enterprises insights into maintenance and ways to optimize manufacturing supply chains.