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The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require employees who aren’t senior executives to wait a set amount of time before joining a competitor […]

Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturnNorwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, […]

Defense startup True Anomaly lays off around 25%, cancels summer internshipSpace and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned. © 2024 TechCrunch. All rights reserved. For personal use only.Space and defense startup True Anomaly has laid off around 25% of its […]

Boeing’s Starliner set to fly astronauts for the first time on May 6This will mark Starliner’s second flight to the ISS: The first, an uncrewed mission called Orbital Flight Test-2, took place in May 2022. © 2024 TechCrunch. All rights reserved. For personal use only.This will mark Starliner’s second flight to the ISS: The first, […]

Snap says total watch time on its TikTok competitor increased more than 125%As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. […]

It’s a sunny day for Google CloudGoogle Cloud had a blockbuster quarter, driving parent company Alphabet’s revenues — and stock price — to impressive highs. © 2024 TechCrunch. All rights reserved. For personal use only.Google Cloud had a blockbuster quarter, driving parent company Alphabet’s revenues — and stock price — to impressive highs. © 2024 […]

Rubrik’s shares end trading up almost 16% on the company’s public debutThis share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88% from its last primary valuation of $3.5 billion in 2019. © 2024 TechCrunch. All rights reserved. For personal use only.This share price gives Rubrik a fully diluted valuation of $6.6 […]