Russia’s Invasion Puts Ukraine’s Tech Industry on War Footing Overnight

February 10, 2025 moneymetrics.org_admin Technology

Hello and welcome to the Daily Crunch for Thursday, February 24, 2022. Today’s newsletter covers various stories from the world of technology, including updates on Nikola, Apple, and Meta.

Table of Contents

Nikola Earnings Not Awful

Troubled electric vehicle (EV) truck maker Nikola has reported earnings that are not as bad as expected. While the company still doesn’t have revenues yet, it appears to be making progress towards them. Additionally, per-share losses were slimmer than anticipated.

App Subscription Revenue Grows 41% in 2021

Apple and Google are getting a larger share of app store income because top non-game, subscription-based apps saw their consumer spend increase by 41% in 2021 to $18.3 billion. This growth is expected to continue, making it essential for companies to adapt and compete in the market.

Self-Driving Rides in Las Vegas

A consortium has launched self-driving rides in Las Vegas with human backup drivers. While this is a step forward in the development of autonomous vehicles, there’s still room for improvement, particularly in areas like infrastructure and regulatory frameworks.

TechCrunch Experts: Recruiting Recruiters

TechCrunch is looking for top professionals to share their expertise on common challenges faced by early-stage startups through our ongoing project, TechCrunch Experts. If you or someone you know fits the bill, let us know at [insert link].

Big Tech Inc. News

Meta Execs Obsessed Over Beating OpenAI’s GPT-4 Internally: Court Filings Reveal
TikTok Users’ Attempted Migration to Chinese App RedNote Isn’t Going Too Well
Meta to Cut Roughly 5% of Its Workforce Based on Performance

Startups and News

Google’s NotebookLM Had to Teach Its AI Podcast Hosts Not to Act Annoyed at Humans
Nvidia Backs MetAI, a Taiwanese Startup That Creates AI-Powered Digital Twins
A Comprehensive List of 2024 and 2025 Tech Layoffs

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Disclaimer

The information provided in this newsletter is for general purposes only and should not be considered as investment advice. Always do your own research before making any decisions.