Daily Crunch - Facebook extends Tr ump’s suspension until January 2023

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Friday, June 04, 2021 â¢ By Alex Wilhelm

Hello and welcome to Daily Crunch for June 4, 2021. What a week, yeah? That was four super-packed days. But donât think that the pace of news is about to slow down. Itâs not. Next week is Appleâs big WWDC developer event, which we previewed here. And TechCrunchâs next event focused on mobility is just around the corner.

Hereâs to catching up on sleep this weekend. — Alex

Image Credits: MANDEL NGAN / JOSH EDELSON/AFP / Getty Images (Image has been modified)

The TechCrunch Top 3

Facebook canât quit Trump: News broke today that Facebook will reconsider its ban of former American president and wannabe autocrat Donald Trump in two yearsâ time. The decision fits inside of Facebookâs larger struggle to decide the rules for its hugely popular social platforms. The IPO wave continues: Venture-backed startups are filing to go public at a rapid clip. Today it was Xometry (our first look here) and SentinelOne (more here). Expect to see more filings as a busy Q3 pipeline forms. Governments v. Tech: The worldâs governments continue to push tech companies around. Sometimes for reasons that make some sense, as with the U.S. governmentâs refreshed crack down on certain Chinese tech companies. And sometimes for reasons that do not, like Nigeria trying to ban Twitter late this week. Regardless of your politics, expect more from this space every week until the end of time.

Announcing â Best Customer Rated WAF

Startups and VC

Flink raises quick $240M: After operating in the market for just half a year, German grocery delivery startup Flink has raised a quarter billion dollars. Flink is German for quick, which relates to both its delivery timeline and its venture capital cadence. GBM raises âup toâ $150M from SoftBank: When is a startup not a startup? When itâs 35 years old. Thatâs the case with Mexican company Grupo BursÃ¡til Mexicano, or GBM. But as TechCrunch reports, the company is seeing hypergrowth, expanding from âhaving 38,000 investment accounts in January 2020 to more than 650,000 by yearâs end.â It is not over the 1,000,000 account mark. Not bad. The BNPL market is growing quickly, still expensive: A TechCrunch analysis of recent buy-now-pay-later companies that are big enough to report earnings indicates that the popular startup market is still growing quickly, but that few if any companies working on the consumer sales model are actually making money. Yet. Toyota commits $300M to startups: Toyotaâs AI-focused venture capital fund is AI-branded no more, and TechCrunch reports that the corporate VC group is âcommemorating its new identity by investing an additional $300 million in emerging technologies and carbon neutrality.â Thatâs a lot of bread to help save the world. Auto SPAC: TechCrunch broke the news that âautonomous vehicle startup Aurora is close to finalizing a deal to merge with Reinvent Technology Partners Y, the newest special purpose acquisition company launched by LinkedIn co-founder and investor Reid Hoffman.â

Domain experts wanted: Submit your guest articles to Extra Crunch

Prospective Extra Crunch contributors regularly ask us about which topics Extra Crunch subscribers would like to hear more about, and the answer is always the same:

Actionable advice that is backed up by data and/or experience. Strategic insights that go beyond best practices and offer specific recommendations readers can try out for themselves. Industry analysis that paints a clear picture of the companies, products and services that characterize individual tech sectors.

Our general submission guidelines havenât changed, but Managing Editor Eric Eldon and Senior Editor Walter Thompson wrote a short post that identifies the topics weâre prioritizing at the moment:

How-to articles for early-stage founders. Market analysis of different tech sectors. Growth marketing strategies. Alternative fundraising. Quality of life (personal health, sustainability, proptech, transportation).

If youâre a skillful entrepreneur, founder or investor whoâs interested in helping someone else build their business, read our latest guidelines, then send your ideas to [email protected].

(Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Image Credits: SEAN GLADWELL / Getty Images

Big Tech Inc.

Todayâs Big Tech news is essentially a huge slug of Facebook. So, if you are irked by spending more time than you have to considering Zuckerbergâs empire, feel free to move on to the Community section of todayâs missive!

Facebook land was more today than just the news regarding former U.S. President Donald Trump. Big Blue also got busy buying a gaming company and getting hit with antitrust probes in the U.K. and EU.

On the gaming front, Facebook announced today that it is buying Crayta, which TechCrunch described as a âa Roblox-like game creation platform.â Roblox, of course, recently went public via a direct listing after seeing its fortunes rise during the COVID-19 pandemic. TechCrunch also wrote that Facebook has been buying one-off VR startups as well. So, thereâs something of a larger gaming push afoot at the company, perhaps. If there is any rule to Facebookâs actions, itâs that if it sees any other company doing a thing and making money, it has to copy it.

To close out Big Tech for the week, Facebook is under new scrutiny by both the U.K. and the EU, this time for its use of data from advertising customers and the folks who use its single-sign-on tool. TechCrunch reported that the investigations are âlooking at whether it uses this data as an unfair lever against competitors in markets such as classified ads.â

Community

Thanks for joining us yesterday for our chat about the future of e-commerce. Itâs nice to be able to dive deeper into the things we write. Twitter Spaces was fun to use, but sadly our friend Brandon Chu from Shopify wasnât able to join from his Android device (yay beta apps!). Just means weâll have to do it again.

Speaking of doing Twitter Spaces again, weâre going to be pregaming WWDC on Monday, led by our hardware editor, Brian Heater. Weâll start bright and early at 8:30 a.m. PDT/11:30 a.m. EDT, so bring all of your thoughts and questions then.