World Of News

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here .  Our work this week kicked off in China , dug into African startup activity , dealt with China once again , took a very deep dive into the Latin American startup ecosystem and wrapped with a second look at the Robinhood IPO . In other words, not much was really going on at all! You may have been surprised to see Amazon’s stock fall off a cliff Friday. After all, the company posted huge revenue gains to just over $113 billion during the quarter. And AWS, its public cloud business, seemed to tick along nicely. But investors had expected more growth and had priced the Seattle-based e-commerce player accordingly. When Amazon missed revenue expectations and projected Q3 2021 growth of “between 10% and 16% compared with third quarter 2020,”...

Duolingo landed onto the public markets this week, rallying excitement and attention for the edtech sector and its founder cohort. The language learning business’ stock price soared when it began to trade, even after the unicorn raised its IPO price range , and priced above the raised interval. Duolingo’s IPO proves that public market investors can see the long-term value in a mission-driven, technology-powered education concern; the company’s IPO carries extra weight considering the historically few edtech companies that have listed. Duolingo’s IPO proves that public market investors can see the long-term value in a mission-driven, technology-powered education concern; the company’s IPO carries extra weight considering the historically few edtech companies that have listed. For those that want the entire story of Duolingo, from origin to messy monetization to historical IPO, check out our EC-1 . It has dozens of interviews from executives, investors, linguists and competitors. F...

Hello and welcome back to TechCrunch’s China roundup , a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The tech industry in China has had quite a turbulent week. The government is upending its $100 billion private education sector, wiping billions from the market cap of the industry’s most lucrative players. Meanwhile, the assault on Chinese internet giants continued. Tech stocks tumbled after Tencent suspended user registration , sparking fears over who will be the next target of Beijing’s wrath. Incisive observers point out that the new wave of stringent regulations against China’s internet and education firms has long been on Beijing’s agenda and there’s nothing surprising. Indeed, the central government has been unabashed about its desires to boost manufacturing and contain the unchecked powers of its service industry, which can include everything from internet platforms, film studios to after-school centers. ...

Welcome back to This Week in Apps,  the weekly TechCrunch series  that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record  218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also  spent  3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American  watches  3.7 hours of live TV per day, but now spends four hours per day on their mobile devices. Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a  combined  $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors  poured $73 billion in capital into mobile companies — a figure that’s up 27% year over year. This Week in Apps will finally be a newsletter! It will...

Michael Biltz Contributor Share on Twitter Michael Biltz is managing director of Accenture Technology Vision , where he leads the enterprise's annual visioning process to focus on how technology will impact the way we work and live. The world has just witnessed one of the fastest work transformations in history. COVID-19 saw businesses send people home en masse, leaning on technology to maintain business as usual. Working from home, once the exception rather than the rule, became responsible for two-thirds of economic activity as an estimated 1.1 billion people around the world were forced to perform their daily jobs remotely, up from 350 million in 2019. As we explain in the 2021 Accenture Technology Vision report, this transformation is just the beginning. Looking ahead, where and how people work will be much more flexible concepts with the potential to bring benefits to employees and employers alike. In fact, 87% of executives Accenture surveyed believe that the...