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PayPal is shutting down domestic payments business in IndiaPayPal is shutting down its domestic business in India, less than four years after the American giant kickstarted local operations in the world’s second largest internet market. “From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift […]

Kuaishou, TikTok’s Chinese nemesis, surges 194% on IPO debutKuaishou, a Chinese video app that’s largely underappreciated outside China, has just completed a massive initial public offering in Hong Kong. The app is by far the biggest rival for Douyin, TikTok’s Chinese version, and unlike many Western video platforms that make money from ads and subscriptions, […]

House punishes Republican lawmaker who promoted violent conspiracy theoriesDemocrats in the House voted to strip freshman Georgia Representative Marjorie Taylor Greene of some of her responsibilities Thursday, citing her penchant for violent, anti-democratic and at times anti-Semitic conspiracy theories. Greene has expressed support for a range of alarming conspiracies, including the belief that the 2018 […]

Peloton will pump $100M into delivery logistics to ease supply concernsThis probably falls under “good problems,” in the grand scheme of things. After another record quarter, Peloton has announced that it will invest more than $100 million in air and ocean freight deliveries due to “longer-than-acceptable wait times for the delivery of our products.” The […]

Firefly will light up the moon with $93M lunar lander contract from NASANASA has awarded Firefly Aerospace a $93.3 million contract to take a lunar lander module loaded with experiments to the surface of the moon. While the company will not be performing the launch itself, it will be providing the spacecraft and “Blue Ghost” […]

TechCrunch’s favorite companies from 500 Startups’ latest demo dayTechCrunch tuned into 500 Startups‘ 27th demo day today, keen to get our eyes on the accelerator’s latest companies. Demo days are regular affairs, but they always feature a crop of startups that could build the next tech giant, so we pay attention. Especially in the COVID-19 […]

Daily Crunch: Microsoft rethinks corporate intranetMicrosoft tries to improve corporate intranet, Google will offer new smartphone health measurements and 23andMe is going public via SPAC. This is your Daily Crunch for February 4, 2021. The big story: Microsoft rethinks corporate intranet Microsoft launched what it’s calling a new “employee experience platform,” designed to reinvent those […]