There is new leadership in the struggling startup Magic Leap, Uber launches grocery delivery and Palantir files to make them public. Here is your daily crisis of July 7, 2020.
The big story: Magic Leap has a new CEO
Can Peggy Johnson, former vice president of business development at Microsoft, make a difference for Magic Leap? The augmented / mixed reality company laid off most of its staff in April, and although it managed to raise an additional $ 375 million to continue, this fundraiser meant the departure of founder and CEO Rony Abovitz.
Johnson will officially take over on August 1. She has worked at Microsoft since 2014, where she participated in the acquisition of LinkedIn for $ 26.2 billion. Before that, she spent 24 years at Qualcomm.
“The technological foundation of Magic Leap is undeniable, and there is no doubt that it has the potential to shape the future of XR and computing,” said Johnson in a statement.
The tech giants
Loon alphabet Launches Kenyan Balloon Powered Internet Service – Loon creates high altitude balloons which are said to provide cellular service and Internet access in areas where mountainous terrain makes it difficult to install ground infrastructure.
Uber grocery delivery to launch in Latin America and Canada, United States, to follow later this month – Uber begins grocery delivery in 19 cities, with plans to launch in Miami and Dallas more late this month.
Amazon Prime Video finally launches user profiles to all customers around the world – With user profiles, Prime Video viewers will be able to manage their own watchlists and track their own viewing progress, without mixing it up with any other viewers on the same account.
Startups, financing, and venture capital
Secret data startup Palantir has filed for a confidential IPO – Aside from the fact that it has filed a confidential file, Palantir (who is known for his work with the U.S. government and the community intelligence) did not provide information on its offer.
TikTok faces a ban in the United States; withdrew from Hong Kong – Secretary of State Mike Pompeo told Fox News that the United States government “certainly plans” to ban the popular video application.
Unacademy, backed by Facebook, acquires PrepLadder for $ 50 million – Unacademy is one of the leading edtech companies in India, while PrepLadder says it has more than 80,000 subscribers.
Extra Crunch tips and analysis
8 black investors discuss the intersection of race, technology, and finance – We interviewed eight black VCs about their investment strategy and approach to diversity.
The email is broken and Hey’s Jason Fried is here to fix it – An in-depth interview with the creator of the popular new messaging app.
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Kerry Washington just disrupted 2020 – The “Scandal” star has also invested in The Wing, Community and Byte. And it comes to disturb!
Dear Sophie: What does the new online course rule for F-1 students mean? – International students have been allowed to stay in the United States while taking online courses during the COVID-19 pandemic, but ICE says it will end this fall. Immigration lawyer Sophie Alcorn explains what this means for a startup whose co-founder is a student with an F-1 visa