Twitter The CEO defends himself against activist investors, Google takes additional precautionary measures against corona viruses and a manufacturer of carbonated drinks collects $ 30 million. Here is your daily crisis for March 6, 2020.
1. The Twitter CEO's weak argument about why investors shouldn't fire him
Twitter CEO Jack Dorsey spoke yesterday at a Morgan Stanley conference where he made comments (which were also shared through Twitter's Investor Relations account) that responded to the efforts of activist investor Elliott Management to push Twitter for a series of reforms, possibly including the replacement of Dorsey with a new CEO.
Among other things, Dorsey said he might not be spending six months in Africa after all, claimed that the company's actual product development was under the hood, and offered an excuse for deleting Vine before it could become TikTok.
2. Google recommends that Washington state employees work from home, citing coronavirus risk
The software giant has not permanently closed its Washington offices, nor is it planning to make an official statement on the recommendation, but the news certainly points to a broader trend of serious precautions related to the outbreak of the novel corona virus. The move follows a similar decision by Lyft, which sent employees home to their San Francisco office.
3. Spindrift, manufacturer of carbonated beverages, raised $ 29.8 million
Spindrift was founded in 2010 and competes against big players like the beloved and decades-old LaCroix, another mineral water brand. The company differs in the emphasis on "real fruits" in its drinks – think of cucumbers from Michigan, strawberries from California and alfonso mangoes from India.
4. Airbnb and three other P2P rental platforms agree to exchange limited EU-wide data
The European Commission announced that it has entered into a data exchange agreement with the rental platforms Airbnb, Booking.com, Expedia Group and Tripadvisor. Accommodation options throughout the EU.
5. SaaS companies flirt with the correction area as another wild week comes to an end
Shares will continue to fall today, which will likely result in SaaS and cloud companies' shares falling again. After two wild trading weeks, the high-flying technology category is more than 9% below the recent highs before the bell this morning, close to the correction area. (Additional crunch membership required.)
6. Mark Cuban supports ChatableApps, developer of a hearing aid app that removes background noise
The company has developed a smartphone app that provides hearing aids by removing background noise in near real time. In addition to the researcher for auditory neuronal signal processing, Dr. Andy Simpson, Brendan O & # 39; Driscoll, Aidan Sliney and George Boyle – the original team behind the Soundwave music discovery app.
7. Pex buys Dubset to create YouTube ContentID for TikTok & more
Pex is a license assignment startup that searches social networks and other user-generated content pages for content from rights holders and then enables them to negotiate licenses with the platforms, request shutdown, request assignment, and / or Track consumption statistics. Dubset has been dealing with the problem of legalizing remixes and multi-song DJ sets for streaming for 10 years now.
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