Daily Crunch: Quibi finally launches its mobile streaming app
Quibi launches its mobile streaming service, Apple sources 20 million protective masks and Red Hat announces a new CEO. Here's your Daily Crunch for April 6, 2020.
1. Quibi launches its mobile streaming service in the middle of the quarantine era
The much-hyped mobile app promising to deliver "quick bites" of video entertainment is finally here. The company has been in the headlines for more than two years, thanks to the involvement of founder Jeffrey Katzenberg (who previously co-founded DreamWorks Animation) and CEO Meg Whitman (previously the CEO of eBay and Hewlett Packard Enterprise), not to mention $1.75 billion in funding.
Judging from a few hours of exploration, the app is as slick as promised, with impressive Turnstyle technology for switching between portrait and landscape viewing. What's missing so far, however, is any real sense of creative breakthrough.
2. Apple has sourced over 20 million protective masks, now building and shipping face shields
The company is working with governments around the world to distribute its supply of face masks to where it's needed most. Meanwhile, the first delivery of Apple face shields went out to Kaiser hospital facilities in the Santa Clara valley earlier this week, according to CEO Tim Cook.
3. Paul Cormier takes over as Red Hat CEO, as Jim Whitehurst moves to IBM
Cormier would seem to be a logical choice to run Red Hat, having been with the company since 2001. He joined as its VP of engineering and has seen the company grow from a small startup to a multi-billion dollar company.
Jon Evans argues that GrubHub (which also owns Seamless) is hurting, not helping, the restaurants that it pretends it's trying to support.
5. Pandemic puts the brakes on micromobility
Ride Report creates software that enables cities to better work with micro-mobility operators and has a bird's-eye view on the industry. In a conversation with TechCrunch, CEO William Henderson outlined what we can expect for micro-mobility operators during the pandemic and once it's over. (Extra Crunch membership required.)
6. Open banking fintech Yapily raises $13M Series A
Founded in mid-2017 by ex-Goldman Sachs employee Stefano Vaccino, Yapily's open banking platform makes it easier for various service providers to connect to banks. Specifically, it provides a way to retrieve financial data and initiate payments via a "single secure API" that in turn connects to each supported bank's open API.
7. This week's TechCrunch podcasts
The latest full-length episode of Equity discusses the tremendous growth of Zoom and how that's cast a spotlight on the videoconferencing app's security flaws, while the Monday news roundup looks for positive signs in startup funding. And on Original Content, we review the first season of "Star Trek: Picard" and the extremely unsettling Netflix film "The Platform."
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. If you'd like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
