There is a new tour of the problematic startup Magic Leap. Uber starts grocery delivery and Palantir files to go public. Here is your daily crisis for July 7th, 2020.
The big story: Magic Leap has a new CEO
Can Peggy Johnson, the former Vice President of Business Development at Microsoft, change the situation for Magic Leap? The augmented / mixed reality company fired most of its employees in April. While it raised an additional $ 375 million to continue, this fundraiser meant the departure of founder and CEO Rony Abovitz.
Johnson will officially take office on August 1. She has been with Microsoft since 2014, where she was involved in the $ 26.2 billion acquisition of LinkedIn. Before that, she was with Qualcomm for 24 years.
"The technological foundation of Magic Leap is undeniable and there is no question that it can affect the future of XR and computing," Johnson said in a statement.
The technology giants
Alphabet & # 39; s Loon Launches Balloon-Powered Kenyan Internet Service – Loon is developing high-altitude balloons designed to provide cellular services and Internet access in areas where mountainous terrain complicates ground infrastructure installation.
Uber grocery delivery starts in Latin America and Canada, USA, follows later this month – Uber starts grocery delivery in 19 cities and plans to launch in Miami and Dallas later this month.
Amazon Prime Video is finally launching user profiles for all customers worldwide – with user profiles, Prime Video viewers can manage their own watch lists and track their own viewing progress without being confused with other viewers on the same account.
Startups, funding and venture capital
Secret data startup Palantir has confidentiality applied for an IPO – Aside from the fact that it has submitted confidential, Palantir (known for its collaboration with the U.S. government and the intelligence community) has provided no information about its offering.
TikTok is banned in the United States; Withdraws from Hong Kong – Secretary of State Mike Pompeo told Fox News that the US government is "certainly" considering banning the popular video app.
Facebook-backed Unacademy acquires PrepLadder for $ 50 million – Unacademy is one of the leading edtech companies in India, while PrepLadder claims to have more than 80,000 subscribers.
Advice and analysis of extra crunch
8 black investors discuss the interface between race, technology and funding – We asked eight black VCs about their investment strategy and approach to diversity.
The email is broken and Heyys Jason Fried is here to fix the problem. A detailed interview with the developer of the popular new email app.
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Everything else
Kerry Washington comes to Disrupt 2020 – The "Scandal" star has also invested in The Wing, Community and Byte. And she comes to Disrupt!
Dear Sophie, what does the new rule for online classes mean for F-1 students? – International students were allowed to stay in the U.S. during the COVID-19 pandemic while taking online courses. However, ICE says this will end in the fall. Immigration lawyer Sophie Alcorn explains what this means for a startup whose co-founder is a student with an F-1 visa.
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