Walmart agrees to pay $45 million to settle class action lawsuit
The retail giant will pay out tens of millions to settle a class action suit accusing it of overcharging customers for some groceries.
The retail giant will pay out tens of millions to settle a class action suit accusing it of overcharging customers for some groceries.
Netflix will stream two Christmas Day games this year as part of a three-season deal with the NFL.
Michigan fans have another reason to celebrate in 2024.
They will wear these up to two times during the 2024 NFL season.
Astronauts are no exception. You need to be in peak physical condition for space travel, but bulky space suits and lower gravity levels can be a recipe for disaster, causing them to trip over themselves. Engineers at MIT have developed an exoskeleton designed to help give astronauts more support and help right themselves after stumbling in the moon’s low gravity.
Bolt founder Ryan Breslow has proposed a settlement with investor Activant Capital this week, which could put an end to a lawsuit brought by Activant. The investor accused Breslow of adding $30 million to Bolt’s balance sheet in the form of personal debt and removing board members when they urged Breslow to repay it. Activant sued Breslow in July 2023, in a Delaware court, on behalf of Steve Sarracino, a former Bolt board member, alleging that Breslow removed him and two other board members when they declined to help Breslow repay the $30 million loan.
Microsoft will launch its custom Cobalt 100 chips to customers as a public preview at its Build conference next week, TechCrunch has learned. In an analyst briefing ahead of Build, Scott Guthrie, Microsoft's executive VP of the Microsoft Cloud and AI group, directly compared Cobalt to AWS's Graviton chips, which have been available to developers for quite a few years now. Guthrie said that Microsoft's chips will offer 40% better performance over other ARM chips in the market.
Much of how people buy food has moved online — restaurants often replace menus with QR codes that let you order with your smartphones, and grocery shopping has been revolutionized with delivery services like Instacart. Now, GrubMarket, which provides software and services that help link up and manage relationships between food suppliers and their customers, is hoping to make the distribution process more digital and efficient via a new acquisition. California-based GrubMarket recently acquired Butter, a SaaS platform that aims to digitize the traditionally manual food distribution process with AI, the companies exclusively told TechCrunch.
Free agency is more than 5 months away, but today's performances will shape this winter's contracts.
A hacker claims to be selling user records associated with Indian online brokerage firm Samco Securities, one of the widely used platforms offering discount broking trading accounts for the country's stock exchanges. The pseudonymous hacker listed the data allegedly breached from Samco on a known cybercrime forum, which they are selling for an undisclosed amount. TechCrunch was given a sample of the allegedly stolen data, which we have verified as matching customers' personal data.
The biggest news stories this morning: Apple brings eye tracking to recent iPhones and iPads, Bandai is finally rereleasing a beloved Tamagotchi from 2004, Android 15 will make it harder for phone thieves to steal your data.
Private equity giant Thoma Bravo has announced that its security information and event management (SIEM) company LogRhythm will be merging with Exabeam, a rival cybersecurity company backed by the likes of Cisco and Lightspeed Venture Partners. SIEM is the business of using real-time data gleaned from servers, network devices, and applications to flag abnormal activity and thwart potential security threats before they escalate. The LogRhythm and Exabeam merger news arrived on the same day as Palo Alto Networks confirmed it was acquiring the assets of IBM's SIEM business, QRadar, which IBM had acquired in 2011.
Consumer protection groups around the European Union have filed coordinated complaints against Temu, accusing the Chinese-owned, ultra low-cost e-commerce platform of a raft of breaches related to the bloc's Digital Services Act (DSA). Temu launched in the region only about a year ago but recently reported blasting past 75 million monthly users. For some reference, Temu's parent Pinduoduo reported revenues of nearly $35 billion for 2023, nearly double on the year prior; Temu was estimated to account for about 23% of that amount last year.
All games stream on Amazon Prime and air on local TV at 8:20 p.m ET on Thursdays unless otherwise noted.
Uber is taking a shuttle product it developed for commuters in India and Egypt and converting it for an American audience. The ride-hail and delivery giant announced Wednesday at its annual Go-Get event in New York City that it will launch a shuttle service in certain U.S. cities this summer. Uber Shuttle in the U.S. will repurpose the technology and business model that Uber has built to help commuters in emerging markets where there's a public transportation gap.
The retired football star said that some of the jokes at the roast didn't land with "the people that I care about the most in the world" — his kids.
Richard Globensky will be sentenced in October and faces a maximum of 10 years in prison.
In the words of the cooking queen herself, 'How bad can that be?'
PayHOA, a previously bootstrapped Kentucky-based startup that offers software for self-managed homeowner associations (HOAs), is an example of how real-world problems can translate into opportunity. It just raised a $27.5 million Series A round in an environment where nearly $30 million Series A rounds are no longer common. PayHOA founder and CEO Mike Bollinger has been putting his finance degree to good use.
The U.S. restaurant industry is expected to pass $1 trillion in sales for the first time this year, despite wider economic pressures on consumers. Now Restaurant365, a startup building tech to manage those businesses, has raised a hot $175 million to capitalize on that growth. The funding is being led by ICONIQ Growth, with KKR and L Catterton also participating, all existing backers of the company.
Lydia is a French startup that also turned payments into a mobile consumer app and service. Now, after reaching 8 million users, the company finds itself in an interesting position. Or does it want to simplify its app to make sure that as many people as possible use Lydia to send and receive money from their phones?