TechCrunch Industry News

Once a major name in smartphones, LG Mobile is now irrelevant — and still losing money LG was once a stalwart of the smartphone industry — remember its collaboration with Facebook back in the day? — but today the company is swiftly descending into irrelevance. The latest proof is LG’s Q1 financials, released this week, which show that its mobile division grossed just KRW 1.51 trillion ($1.34 billi...

You expect to lose money gambling, but you don’t really expect to lose it abstaining from gambling. But if you’re Fanduel user who hasn’t made any bets or deposits for two years, the site will now deduct $3 per month until you put some money on the table. You have to play to win, it seems, but not to lose. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ready or not, the first Sonic the Hedgehog trailer is here It’s been 28 years since Sonic the Hedgehog first arrived on home gaming consoles. In some senses, a feature film is long overdue. But if history has taught us anything, that might be for the best. Take Sonic’s semi-contemporary, Mario, who was given the large screen treatment two years after Sonic debuted on Sega’s consoles. Learn more ab...

Facebook has bet a lot on its VR dream. The industry has become the butt of a few jokes in the past couple years as hype has deflated, but there’s been no question that the tech is interesting, the question has been whether it’s sustainably cool. Oculus made a gamble on the high-end three years ago, but the $399 standalone Quest is where they see whether that bet was worth it. In a lot of ways, th...

The Google Assistant can now tell you a story on your phone For the last year or so, you could ask the Google Assistant on your Google Home device to read your kids a story. Today, just in time for National Tell a Story Day, Google is bringing this feature to Android and iOS phones, too. It’ll be available in English in the U.S., U.K., Canada, Australia and India. Learn more about your ad choices....

Tesla,Elon Musk and the U.S. Securities and Exchange Commission reached an agreement Friday that will give the CEO freedom to use Twitter —within certain limitations — without fear of being held in contempt for violating an earlier court order. Musk can tweet as he wishes except when it’s about certain events or financial milestones. In those cases, Musk must seek pre-approval from a securities la...

The only job named in and protected by the U.S. constitution is journalism. But when it’s under attack from fake news, misinformation, and the supposed defender-of-the-constitution-in-chief, who looks out for the press? Reporters have an unlikely ally in the late night comedy circuit. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On the one hand, you’ve got Twitter CEO Jack Dorsey lamenting the “like” button’s existence, and threatening to just kill the thing off entirely for incentivizing the wrong kind of behavior. On the other hand, you have twttr — Twitter’s prototype app where the company is testing new concepts including, most recently, a way to make liking tweets even easier than before. Confused about Twitter’s pro...

Uber is reportedly looking to sell shares between $44 to $50, aiming to raise $8 to $10 billion in the offering. This would value the company between $80 billion to $90 billion, Bloomberg reports. Previous reports had pegged Uber’s valuation at around $120 billion. Still, that valuation is higher than its last valuation of $76 billion following a funding round. It’s likely this decrease in valuati...

Apple is rolling out a fix for an App Store bug that was preventing users from downloading new iOS apps or app updates. The issue, which impacted an unknown number of users, involved a Terms & Conditions dialog box that would continue to pop up even when users tapped the “Agree” button. The issue had frustrated users who took to Twitter in an attempt to get help from Apple Support. 9to5Mac and App...

Snapchat appears to have turned the corner after a year of flat or negative user growth thanks to a strong Q1 2019 earnings report. It reached 190 million daily active users, up 2 percent from 186 million in Q4 2018 but still down from 191 million a year ago, in part thanks to its newly reengineered Android app. Snap saw $320 million in revenue and -$0.10 non-GAAP EPS, beating Zack’s consensus est...

With just a few days until the release of “Avengers: Endgame,” Marvel fans everywhere are probably wondering A) Who dies?? and B) Will this actually resolve the cliffhanger ending of “Infinity War” in a satisfying way? So, just to get it out of the way: A) I’m not telling, and B) Kind of? Mostly? It depends? Certainly, if you’re like me and found yourself fatigued by the constant, overcrowded batt...

It’s one thing to be able to get everything delivered to your doorstep, it’s another to then have to actually have to leave your home, brace the elements and return those things that just didn’t work out (or work at all). Typically, that means a run to your local FedEx or UPS store. For the last two years, Amazon and department store chain Kohl’s had a limited partnership that allowed you to bring...

I know, I know. I will say this about the Galaxy Fold, however: it’s been a hell of a conversation piece. I’ve had a LOT of dialogues with strangers since I started using it as my day-to-day. And let’s be honest, that’s a big part of being an early adopter. The Galaxy Fold is also the most polarizing device I can recall have used. Everyone who sees the thing wants to play with it, but reaction has...

Today at Tesla’s first Autonomy Day event, Elon Musk took questions from the press but didn’t have time for questions about lidar. Historically, he’s been vocal about the technology, and this time he put it as clear as he could. “Lidar is a fool’s errand,” Elon Musk said. “Anyone relying on lidar is doomed. Doomed! [They are] expensive sensors that are unnecessary. It’s like having a whole bunch o...

Apologies for skipping day three. This kept me extremely busy yesterday. Though the Galaxy Fold remained a constant companion. Before you ask (or after you ask on Twitter without having read beyond the headline), no it’s hasn’t broken yet. It’s actually been fairly robust, all things considered. But here’s the official line from Samsung on that, A limited number of early Galaxy Fold samples were p...

Malware researcher Marcus Hutchins has pleaded guilty to two counts of creating and selling a powerful banking malware, ending a long and protracted battle with U.S. prosecutors. Hutchins, a British national who goes by the online handle MalwareTech, was arrested in August 2017 as he was due to fly back to the U.K. following the Def Con security conference in Las Vegas. Prosecutors charged Hutchin...

Netflix is testing a new feature that can help you start streaming when you don’t know what to watch. The company confirmed it’s testing a shuffle mode of sorts, that will allow you to easily click on a popular show to start playing a random episode. The idea with the feature is to offer an experience that’s more like traditional TV — where you could just turn the set on, and there would be someth...

Pinterest is up more than 25% in its first day of trading Pinterest (NYSE: PINS) is a public company. Ben Silbermann’s virtual pinboard rose 25 percent in its NYSE debut, opening at $23.75 per share. Currently, shares of its stock are up another 2 percent, trading at more than $24 each. The company priced its shares above range last night at $19 apiece. The IPO price gave the company a fully dilut...

Samsung has issued a statement about its new, folding phone as early photos of tech reviewers with their shiny new toys were replaced on social media (and in numerous columns) with complaints from those same tech reviewers about problems with the phone’s screen. Apparently a number of reviewers either mistakenly destroyed their phone screens or had the screens bork on them after a few days of use....

Amazon has finally given up the fight with Chinese online shopping giants to capture the domestic market. On Thursday, the Seattle-based ecommerce company announced it will shut down its marketplace on Amazon.cn, which connects mainland Chinese buyers and sellers, while other units of its local venture will stay intact. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Discs! What are they good for? Well, they’re nice if you don’t want to be tied to an online-only ecosystem. But if you don’t mind that, Microsoft’s latest Xbox One S “All-Digital Edition” might be for you. With no slots to speak of, the console is limited to downloading games to its drive — which is how we’ve been doing it on PC for quite some time. Learn more about your ad choices. Visit podcastc...

Netflix just released its earnings letter for the first quarter of 2019. The company says it saw growth of 9.6 million paying subscribers, up 16 percent year-over-year. That’s significantly ahead of the 8.9 million new subscribers that analysts had predicted. On the financial side, the quarter came in right at expectations, with revenue of $4.5 billion and earnings per share of 76 cents. Netflix s...

Jarno M. Koponen Contributor Jarno M. Koponen is working on intelligent systems and human-centered personalization. He currently is product lead at Yle, one of the leading media houses in the Nordics. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Uber has filed its S-1, setting the stage for the transportation company to go public next month. This comes less than one month after competitor Lyft’s debut on the public market. Uber is listing under the New York Stock Exchange under the symbol “UBER,” but has yet to disclose the anticipated initial public offering price. In the filing, Uber reported 2018 revenues of $11.27 billion. Though, we...