Fisker loses consumer money, Robinhood launches credit card, and Google creates travel itineraries

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Hey guys, welcome to Week in Review (WiR), TechCrunch’s newsletter recapping the notable events in tech over the past few days.

This week, TC’s auto reporter Sean O’Kane revealed how EV startup Fisker temporarily lost track of millions of dollars in customer payments because it sped up deliveries, prompting an internal audit that began in December and took months to complete.

Elsewhere, Lorenzo reported how Facebook tapped users’ Snapchat traffic in a secret project internally dubbed “Project Ghostbusters” on Meta. According to court documents, the goal was to intercept and decrypt network traffic between Snapchat’s app and people using its servers.

And Manish wrote about the resignation of Stability AI founder and CEO Imad Mostak last week. Mostak’s departure comes amid an ongoing struggle for stability (pun intended) at Stability AI — a startup known for its popular image generation tool Stable Diffusion — which was spending ~$8 million a month as of October 2023. Show for it.

A lot else happened. We recap it all in this edition of WiR — but first, a reminder to sign up to receive the WiR newsletter in your inbox every Saturday.

News

Fisker suspended: Fisker’s bad week continued with a pause in the startup’s stock trading. The New York Stock Exchange moved to delist Fisker from the exchange, citing its “extraordinarily low” stock levels.

AI-Driven Itineraries: In an upgrade to its search generative experience, Google has added the ability for users to ask Google Search to plan a travel itinerary. Using AI, the search will turn up ideas with reviews, photos and other details from websites around the web.

Robinhood’s New Card: Nine months after acquiring credit card startup X1 for $95 million, Robinhood on Wednesday announced the launch of its new gold card, powered by X1’s technology, with a list of features that would make Apple Card users jealous.

At AT&T, the word mum is: About 73 million AT&T customers’ personal information was leaked online this week. But AT&T won’t say how — despite being responsible for the hack three years ago.

funds

Booming Copilot: Copilot, a budgeting app, has raised $6 million in a Series A round led by Adjacent Nico Wittenborn. The app is benefiting in part from the demise of Intuit’s financial management product Mint.

Liquid Assets: Looking at the vast VC-backed beverage industry, Rebecca and Christine note canned water startup Liquid Death’s recent $67 million fundraising, bringing the company’s total raised to over $267 million. Talk about liquidity.

HVAC Venture: Dan Laufer, a former Nextdoor executive, has raised $25 million from Canvas Ventures and others for PipeDreams, a startup that acquires mom-and-pop HVAC and plumbing companies and scales them using its software that helps with scheduling and marketing. is

Analysis

Is Nvidia the next AWS?: Ron writes about how Nvidia’s and AWS’ growth paths have many similarities.

podcast

this week equity, the crew also explores Robinhood’s new credit card, Fisker’s recent troubles, and Databricks’ new AI model that it spent $10 million to spin up. They also spotlighted two companies creating startups focused around children, and pointed to a new $100 million fund that seeks to support innovative climate technology.

Meanwhile, on foundAlison Wolff, co-founder and CEO of Vibrant Planet, a cloud-based planning and monitoring tool for adaptive land management, discussed why the wildfires we see today are hotter and spreading faster than we can contain them. And how the land is suitable. Management can help promote smaller, slower burning fires.

And chain reaction, Jacqueline interviews Scott Dykstra, CTO and co-founder of Space & Time. Space and Time is intended to be a verifiable compute layer for Web3 that measures zero-knowledge proofs, a cryptographic operation used to prove something about a piece of data without revealing the original data.

Bonus round

Spotify Tests Online Learning: In its ongoing efforts to get its 600 million+ users to spend more time and money on its platform, Spotify is spinning out a new line of content: e-learning. Starting with a rollout in the UK, the (traditionally audio) streaming platform is testing the waters for online education offerings of freemium video courses.

#Fisker #loses #consumer #money #Robinhood #launches #credit #card #Google #creates #travel #itineraries

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