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Employers are consumer edtech’s next beta test - techcrunch

Employers are consumer edtech’s next beta test

Entrepreneurs need to convince employers to turn to edtech for a solution more elusive than even education: motivation.
techcrunch - 1 hour ago
NBA Top Shot creator on the NFT craze and why Ethereum still isn’t consumer friendly - techcrunch

NBA Top Shot creator on the NFT craze and why Ethereum still isn’t consumer friendly

We caught up with the Dapper Labs CEO at TechCrunch Disrupt 2021 last week to discuss the challenges facing the crypto space, the future of Ethereum, and how quickly NFTs blew up this year.
techcrunch - 2 hours ago
New study shows Apple Watch can detect heart arrhythmias other than atrial fibrillation - techcrunch

New study shows Apple Watch can detect heart arrhythmias other than atrial fibrillation

Continuing research by Stanford and Apple from the 2017 Apple Heart Study, which managed to enrol over 400,000 participants and became one of the largest studies of its kind ever performed, has shown that the Apple Watch is capable of detecting other types of arrhythmic heart beat irregularities in addition to atrial fibrillation (AFib). Apple […]
techcrunch - 4 hours ago
Which form of venture debt should your startup go for? - techcrunch

Which form of venture debt should your startup go for?

Given the surplus of liquidity, entrepreneurs have access to more funding options than ever. Venture banks, venture debt funds and venture capitalists are jockeying to prove their money is greener.
techcrunch - 5 hours ago
Mark Cuban and Coinbase back Eternal, an NFT marketplace for trading Twitch streamer clips - techcrunch

Mark Cuban and Coinbase back Eternal, an NFT marketplace for trading Twitch streamer clips

The NFT world collectively seems to be trying to turn internet memories into one big game — with a lot of cash involved of course. The original “Doge” image sold for $4 million back in June, the original “Pepe” comic image sold for $1 million in April, in short, people are becoming meme millionaires. Buying […]
techcrunch - 5 hours ago
Microsoft’s Windows store is now open to third-party app stores - techcrunch

Microsoft’s Windows store is now open to third-party app stores

Microsoft wasn't just indulging in wishful thinking when it said it wanted more third-party app stores in Windows 11's portal. Amazon's Appstore and the Epic Games Store are among those coming on.
techcrunch - 5 hours ago
Amazon launches an elder care subscription service, ‘Alexa Together’ - techcrunch

Amazon launches an elder care subscription service, ‘Alexa Together’

Amazon today announced a new subscription service called “Alexa Together,” designed for families with aging family members who are still living independently, but who may need extra support. The $19.99 per month subscription expands on Amazon’s existing product, Alexa Care Hub, an earlier investment in elder care, by taking many of Care Hub’s features and […]
techcrunch - 7 hours ago
Amazon reveals Halo Fitness and Halo Nutrition programs for Halo subscribers - techcrunch

Amazon reveals Halo Fitness and Halo Nutrition programs for Halo subscribers

Amazon is introducing two new services tied to user health and fitness, and its Halo personal health devices. They include Halo Fitness, a new service for interactive home video workouts that looks a lot like Apple Fitness+, and Halo Nutrition, a personalized, guided meal planner. Both of these services will be included as part of […]
techcrunch - 8 hours ago
Ring’s home security drone is now available in the U.S. via invite only - techcrunch

Ring’s home security drone is now available in the U.S. via invite only

Last year, Ring announced at futuristic (slightly dystopian?) take on in-home security with its Always Home Cam, a drone equipped with sensors and a camera that can navigate the interior of your home along custom paths laid out by a user, in response to triggers including Ring Alarm sensors, or a manual command from the […]
techcrunch - 8 hours ago
Hospitals/clinics patient platform Heydoc raises $8.3M Series A led by Smedvig Capital - techcrunch

Hospitals/clinics patient platform Heydoc raises $8.3M Series A led by Smedvig Capital

Heydoc, a system for managing the medical data and admin tasks in medical practitioners, has closed a $8.3m Series A round led by Smedvig Capital with existing investors Hambro Perks, Triple Point Ventures and InHealth Ventures also participating. This brings the total amount raised to date by Heydoc to $12m.    Heydoc mainly operates in the UK but plans to expand internationally. It competes mostly with […]
techcrunch - 8 hours ago
Amazon takes on Fitbit with the $80 Halo View - techcrunch

Amazon takes on Fitbit with the $80 Halo View

A year after launching its original exercise band, Halo, Amazon just dropped the follow up, Halo View. The company’s not quite ready to go full bore into the smartwatch category just yet, but it clearly has the Google-owned Fitbit brand directly in its sights with the newly announced Halo View. The device doesn’t quite challenge […]
techcrunch - 8 hours ago
New Amazon Echo devices will have local voice processing, giving users more privacy - techcrunch

New Amazon Echo devices will have local voice processing, giving users more privacy

When you speak to an Amazon Echo device, so far in its history, Alexa would connect to the internet to process requests and deliver a response. Of course, this has sparked concerns among some consumers, since it might feel worrisome to have a Wi-Fi-connected smart device listening for you to say a wake word at […]
techcrunch - 8 hours ago
Disney and Amazon partner on a custom voice assistant, ‘Hey, Disney!’ and Echo rollout to Walt Disney World Resort hotels - techcrunch

Disney and Amazon partner on a custom voice assistant, ‘Hey, Disney!’ and Echo rollout to Walt Disney World Resort hotels

Amazon, for the first time, is making another voice assistant available on Echo devices. The company at its fall event today announced a new voice assistant, “Hey, Disney,” developed by Disney and built on top of Alexa technology. The assistant will have its own unique voice and over 1,000 custom interactions for fans to explore, […]
techcrunch - 8 hours ago
Alexa’s new features will let users personalize the A.I. to their own needs - techcrunch

Alexa’s new features will let users personalize the A.I. to their own needs

Amazon is preparing to roll out a trio of new features that will allow consumers to further personalize their Alexa experience by helping train the Alexa A.I. using simple tools. In a few months’ time, consumers will be able to teach Alexa to do things like identifying specific sounds in their household, such as a […]
techcrunch - 8 hours ago
Amazon launches a $60 smart thermostat - techcrunch

Amazon launches a $60 smart thermostat

Amazon kicked off its big hardware event today by announce a new smart. The company worked with Honeywell to create the device, but is keeping its own branding on the product (rather than, say, Ring, Blink or any of the other smart home companies it owns). The device runs $60, though the company notes that […]
techcrunch - 8 hours ago
Notion now offers free credits to any startup globally, partners with AWS and Stripe - techcrunch

Notion now offers free credits to any startup globally, partners with AWS and Stripe

Two years ago, Notion partnered with dozens of accelerators and incubators to provide free credits for its work collaboration platform to their portfolio startups. The firm is now aggressively making the program open to all startups. Notion is launching a new startup program Tuesday to offer a credit of at least $500 to any startup […]
techcrunch - 8 hours ago
Four days left to save $100 on passes to TC Sessions: SaaS 2021 - techcrunch

Four days left to save $100 on passes to TC Sessions: SaaS 2021

Tick-tock, folks! Our TC Sessions: SaaS 2021 countdown clock says only four days remain before the early bird flies away with $100 clutched in its tight little beak. If you want to take part in our global SaaS conference on October 27 — and save $100 while you’re at it — purchase your early-bird pass […]
techcrunch - 8 hours ago
Fairmat creates a new material based on recycled carbon fiber composite - techcrunch

Fairmat creates a new material based on recycled carbon fiber composite

Meet Fairmat, a new French startup that wants to improve the recycling process for sophisticated composite materials. The company wants to produce new kinds of materials from material waste and sell them to industrial companies. Fairmat just raised a $10 million funding round (€8.6 million) led by Singular. Various business angels also participated in the […]
techcrunch - 8 hours ago
Guardian owner invests in Unlock, an NFT protocol designed for subscriptions and memberships - techcrunch

Guardian owner invests in Unlock, an NFT protocol designed for subscriptions and memberships

Monetization for the creator economy continues to be a huge issue and opportunity, but creators mostly have to lock themselves into platforms like Patreon to realize their value. A better method would be to have a membership system for creators which sat across several platforms. Now, GMG Ventures (parent company of The Guardian newspaper) has […]
techcrunch - 9 hours ago
Federated Genomic data startup Lifebit raises $60M round led by Tiger Global - techcrunch

Federated Genomic data startup Lifebit raises $60M round led by Tiger Global

Genomic data is considered to be the key to unlocking so-called ‘precision medicine’. Some estimates suggest that by 2025, 500 million human genomes will have been sequenced, but only a fraction of it is being utilized for drug discovery and precision medicine. One of the key startups to emerge in the space is Lifebit, which […]
techcrunch - 9 hours ago
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techcrunch
Lucid Motors’ SPAC merger approved after executives issue plea to shareholders to vote

Lucid Motors’ SPAC merger approved after executives issue plea to shareholders to vote

techcrunch - 2 months ago

Shareholders approved Friday EV startup Lucid Motors merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote.

The issue is an unusual but could become more common as more companies eschew the traditional IPO path to public markets and instead merge with SPACs. 

The issue came on Thursday, when shareholders voted to approve all but one of the proposals as part of the merger proposal two, which would revise the companys charter so that Lucid could receive key financing. That proposal requires a higher number of votes than the others and it must be approved for the merger to take place so a lack of votes ended up halting the entire process.

The lack of shareholders was blamed on retail investors’ unfamiliarity with the SPAC process and, unbelievably spam.

Churchill chairman Michael Klein raised the possibility that some of the emails sent to shareholders were accidentally sent to voters spam folders. While it may seem incredible that something as low-tech as a Gmail spam filter might interrupt a multi-billion dollar business merger, it seems that may have occurred in this case.

We simply need more votes, Klein said on an investor call Thursday. Lucid Motors CEO Peter Rawlinson was also direct: I need you to vote for proposal two.

We recognize that for many of you, this voting process may be new or not standard, Klein continued. He later thanked the many individual shareholders but urged those participating from the new platforms, the new apps, to vote. They may not necessarily the directing you clearly to the voting service.

The number of amateur or so-called retail traders has exploded since the start of the pandemic, largely thanks to apps like Robinhood, which leverages gamification strategies to encourage users to buy and sell stocks from anywhere. The pinnacle of this phenomenon will likely be remembered by history in the explosive rise in prices of stocks for failing companies like GameStop and AMC entertainment, engineered by an army of retail traders on the subreddit r/wallstreetbets. Retail investors account for around 10% of the U.S. equity trading volume, according to a report from Morgan Stanley, down from a high of 15% last September.

But if the rise in the price of meme stocks shows us anything, its that retail traders are a powerful force. The Morgan Stanley report notes that retail investors tend to prefer companies in sectors they are likely to be familiar with as consumers, such as Consumer Discretionary, Communication Services, and Technology. This could be why the Churchill SPAC was high on many retail investors radars.

In a highly-awarded post on the subreddit r/SPACs, a Reddit user urgers new retail shareholders to participate in voting: This is not normal. SPACs have never had to beg shareholders to act in their own best interest before.

You MUST vote. A non-vote does NOT count as a YES. A non-vote is just a non-vote.

While Lucids merger hold-up is a very different scenario than that of meme stock trading, its yet another reminder that retail investors are continuing to shape markets.

sauce: techcrunch
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