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Burn, baby, burn. Real estate-focused fintech startups feel the heat

TechCrunch

Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. Factor in that more people were spending more time at home than ever due to COVID shelter-in-place orders, home took on new meaning. You can read my story on that here ).

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Daily Crunch: After buying Twitter, will Musk bite back at Apple’s in-app purchase fees?

TechCrunch

99 Twitter problems, and Apple might have one : It’s no secret that Elon Musk thinks Apple’s 30% IAP (“inventor assistance program” to those of us not up on tech lingo) transaction charge to developers is “a lot.” TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. Christine and Haje.

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Egyptian healthtech startup Vezeeta cuts 10% of 500-person staff

TechCrunch

As of 2020, it was operating in 50 cities across Egypt, Saudi Arabia, Jordan and Lebanon and claimed its userbase had grown 3x year-over-year to 4 million patients, with 30,000 healthcare providers using its software-as-a-service solution. Layoffs hit crypto and real estate tech particularly hard this week. healthtech space.

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What goes up must come down

TechCrunch

Real estate fintech Redfin announced on November 9 that it was laying off 13% of its staff , or 862 people, in response to the continued slowing of the housing market. Interestingly, Kelman appears to be putting his own personal bets into real estate markets outside the U.S. But I digress.

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Baton raises $10.5M to create ‘drop zones,’ where truckers can hand off freight

TechCrunch

More than two billion hours are lost each year due to dwell — the time spent at a distribution yard or facility — and detention — the gap between when unloading or loading is supposed to begin and when it actually does. million from real estate corporation Prologis and 8VC, in a seed round that closed in December 2019.

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Daily Crunch: Meta partnership allows Indian WhatsApp users to browse and buy groceries via JioMart

TechCrunch

Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry, Mary Ann writes in this week’s issue of the Interchange, our fintech newsletter. TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.).

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7 famous analytics and AI disasters

CIO

MIT Technology Review has chronicled a number of failures, most of which stem from errors in the way the tools were trained or tested. Zillow wrote down millions of dollars, slashed workforce due to algorithmic home-buying disaster. In 2014, Amazon started working on AI-powered recruiting software to do just that.

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