Telegram will introduce advertisements, TikTok’s mum or dad firm is transferring into drug discovery and President Trump continues his battle towards Part 230. That is your Every day Crunch for December 23, 2020.
The massive story: Telegram prepares to monetize
Telegram founder Pavel Durov stated the messaging app will introduce advertising next year on public one-to-many channels. Durov wrote on his Telegram channel the advert platform shall be “one that’s user-friendly, respects privateness and permits us to cowl the prices of server and visitors.”
He additionally pointed to premium stickers as one other method that Telegram may monetize, whereas emphasizing that current options will stay free and that he doesn’t help exhibiting advertisements in personal chats.
Along with discussing the corporate’s monetization plans, Durov stated that Telegram is “approaching” 500 million customers.
The tech giants
Nikola’s stock crashes after announcing cancelation of contract with Republic Services for 2,500 garbage trucks — That is the most recent deal to unravel for Nikola because it tries to patch up following latest devastating reviews.
TikTok parent ByteDance hiring for AI drug discovery team — “We’re searching for candidates to affix our crew and conduct cutting-edge analysis in drug discovery and manufacturing powered by AI algorithms,” the corporate stated in a job posting.
Startups, funding and enterprise capital
Chinese autonomous driving startup WeRide bags $200M in funding — The brand new funding will see WeRide becoming a member of arms with Yutong, a 57-year-old firm, to make autonomous-driving minibuses and metropolis buses.
Voyager Space Holdings to acquire majority stake in commercial space leader Nanoracks — Nanoracks offered the Bishop Airlock that was put in on the Worldwide House Station.
Honk introduces a real-time, ephemeral messaging app aimed at Gen Z — As an alternative of sending texts off into the void and hoping for a response, associates on Honk talk through messages which are proven dwell as you sort.
Recommendation and evaluation from Additional Crunch
Dear Sophie: What’s ahead for US immigration in 2021? — Sophie Alcorn weighs in on what’s subsequent for U.S. visas and inexperienced playing cards.
Looking ahead after 2020’s epic M&A spree — This yr, 4 offers involving chip firms totaled over $100 billion on their very own.
Heading into 2021: Venture fundraising, liquidity and the everything bubble — Alex Wilhelm’s ultimate column of the yr.
(Additional Crunch is our membership program, which goals to democratize details about startups. You can sign up here.)
Every part else
Trump vetoes major defense bill, citing Section 230 — President Trump has vetoed the $740 million Nationwide Protection Authorization Act, a serious invoice that allocates navy funds annually.
XRP cryptocurrency crashes following announcement of SEC suit against Ripple — The XRP token’s worth has declined greater than 42% previously 24 hours.
TaskRabbit is resetting customer passwords after finding ‘suspicious activity’ on its network — The corporate later confirmed the exercise was a credential stuffing assault, the place current units of uncovered or breached usernames and passwords are matched towards completely different web sites to entry accounts.
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