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| Twitter’s CEO defends himself from activist investors, Google takes additional coronavirus precautions and a fizzy drink maker raises $30 million. Here’s your Daily Crunch for March 6, 2020. | | | |
| Twitter CEO Jack Dorsey spoke yesterday at a Morgan Stanley conference, where he delivered remarks (also shared via Twitter’s investor relations account) that responded obliquely to activist investor Elliott Management’s efforts to pressure Twitter into a slew of reforms, potentially including replacing Dorsey with a new CEO. Among other things, Dorsey said he might not spend six months a year in Africa after all, claimed the company’s real product development is happening under the hood and offered an excuse for deleting Vine before it could become TikTok. Read more | |  | | |
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| The software giant has not closed its Washington offices outright, nor is it planning to make an official statement regarding the recommendation, but the news certainly points to a broader trend of serious precautions around the novel coronavirus outbreak. The move follows a similar decision by Lyft, which sent home employees in its San Francisco office. Read more | | | |
| Spindrift, founded in 2010, is up against big players, like the beloved and decades-old LaCroix, another sparkling water brand. The company differentiates itself by emphasizing "real fruit" in its drinks — think cucumbers from Michigan, strawberries from California and Alfonso mangoes from India. Read more | |  Image Credits: Zing Images | | |
| The European Commission announced that it has reached a data-sharing agreement with vacation rental platforms Airbnb, Booking.com, Expedia Group and Tripadvisor — trumpeting the arrangement as a "landmark agreement" which will allow the EU's statistical office to publish data on short-stay accommodations across the EU. Read more | | | |
| Stocks are set to fall further today, likely forcing shares in SaaS and cloud companies down yet again. After two wild trading weeks, the high-flying tech category is off over 9% from recent highs before the bell this morning, putting it close to correction territory. (Extra Crunch membership required.) Read more | |  Image Credits: Andrey Suslov / Getty Images | | |
| The company has built a smartphone app that provides hearing assistance by removing background noise in near real time. Alongside auditory neural signal processing researcher Dr. Andy Simpson, the company's co-founders are Brendan O'Driscoll, Aidan Sliney and George Boyle — the original team behind the music discovery app Soundwave. Read more | | | |
| Pex is a royalty attribution startup that scans social networks and other user-generated content sites for rightsholders' content, then lets them negotiate licensing with the platforms, request a take-down, demand attribution and/or track the consumption statistics. Dubset, meanwhile, has spent 10 years tackling the problem of getting remixes and multi-song DJ sets legalized for streaming. Read more | | | |
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