Author: GT

Earlier this week, Instagram Threads launched what the company said was its most-requested feature to date: direct messages (DMs). However, the company is now facing a bit of a user backlash over the addition, as users, primarily women, are arguing that there should be a way to opt out of DMs entirely, citing harassment concerns. Although DMs are a part of other social networks similar to Threads, including X, Bluesky, Mastodon, and others, some Threads users appreciated that they were not an option previously. “I don’t want to receive DM’s. How do I shut this thing off? I ask on…

Republican legislators Thursday passed a reconciliation act that, among other things, unwinds much of the Inflation Reduction Act (IRA). The bill, which passed 218-214 with two Republicans voting no, now awaits President Donald Trump’s signature. Trump is expected to sign it. Solar, wind, and clean hydrogen will all lose incentives under the new bill, while nuclear and geothermal see some IRA benefits preserved. The final bill is largely what emerged from the Senate Finance Committee in mid-June, though the current version offers slightly longer timelines to claim clean energy tax credits than the committee draft. Solar and wind developers, to…

It’s an open secret in the fintech world that the founder and CEO of startup Increase, Darragh Buckley, has been trying for years to “buy a bank,” as one person familiar with the landscape told TechCrunch.  A couple of weeks ago, he basically succeeded.  He bought a big enough stake in Twin City Bank to trigger a public disclosure of the transaction by the Federal Reserve Board. Such share purchases are then subject to FDIC approval. Twin City is a small community bank in Longview, Washington, about an hour north of Portland, Oregon. The stake had to be in excess…

TechCrunch Disrupt 2025 is back at Moscone West in San Francisco from October 27-29, bringing together 10,000+ startup and VC leaders to dig into what’s next in tech. And when it comes to artificial intelligence, the conversations aren’t just technical — they’re creative, cinematic, and boundary-pushing. That’s why Nikola Todorovic is headed to the AI Stage. A visual effects veteran turned AI entrepreneur, Todorovic is the co-founder of Wonder Dynamics, now an Autodesk company. Alongside actor and producer Tye Sheridan, he helped launch Autodesk Flow Studio (formerly Wonder Studio), a groundbreaking AI platform that allows creators to seamlessly integrate 3D…

We’re almost there, and ticket rates have officially rolled back with savings of up to $425. TechCrunch All Stage, the founder summit of the year, is just around the corner. On July 15, Boston becomes startup central. Are you ready to gain the insights and strategies you need to launch or scale? Now’s the moment For a limited time, we’ve brought back early launch pricing. Founders pay just $155. Investors, only $250. These are the lowest rates you’ll see before the doors open at SoWa Power Station. Register now and pocket big savings. Why you need to be in the…

In the last week, social media users have shared dozens of stories about encounters with Soham Parekh, a software engineer who seems to have been simultaneously working at multiple Silicon Valley startups — unbeknownst to the companies — for the last several years. But who is Parekh, how did he pull off his career as a serial moonlighter, and why can’t Silicon Valley get enough of him? Origins of virality The saga all started when Suhail Doshi — CEO of image generation startup Playground AI — shared a post Tuesday on X that began: “PSA: there’s a guy named Soham…

Cluely’s revenue has skyrocketed to about $7 million in ARR since it launched its new enterprise product a week ago, founder Roy Lee told TechCrunch. “Every single person who has a meeting or an interview is testing this out.” Cluely, one of Silicon Valley’s most-talked-about startups, offers products that use AI to analyze online conversations, deliver real-time notes, provide context, and suggest questions to ask. This information appeared discreetly on the user’s screen, invisible to others. For weeks leading up to the product reveal, Lee boasted that the company’s annual recurring revenue (ARR) exceeded $3 million and that the startup…

You got into Y Combinator, raised $20 million from a16z, and then exited to Meta? That’s cool, I guess. But did Soham Parekh apply to work at your startup? There is now a new badge of honor for startup founders: your proximity to one previously unknown Indian software engineer named Soham Parekh. The Anna Delvey of Silicon Valley was outed on Wednesday when former Mixpanel CEO Suhail Doshi posted on X to warn fellow founders about Parekh. “PSA: there’s a guy named Soham Parekh (in India) who works at 3-4 startups at the same time. He’s been preying on YC…

Slate Auto, the electric vehicle startup backed by Jeff Bezos, has stopped promoting that its upcoming pickup truck will start “under $20,000” following passage of President Trump’s tax cut bill. The bill, which is expected to be signed into law by Trump on July 4, will cause the federal EV tax credit to end in September — a $7,500 incentive that Slate had counted on to help its all-electric pickup clear that mark. When Slate came out of stealth mode in April, the startup heavily promoted that its all-electric pickup would start at “under $20,000” with the $7,500 federal EV tax credit. That language…

Meta recently released a new video editing app for creators called Edits. The new app is designed to rival ByteDance’s CapCut, a popular short-form video-editing app used by many creators.  Meta first shared that it was working on Edits back in January after ByteDance-owned CapCut was removed from U.S. app stores when the TikTok ban momentarily went into effect. Although the app has since come back online and is available to download, TikTok’s future in the U.S. remains uncertain, so Meta is ready to capitalize on CapCut’s possible absence in the future with its new Edits app. We’ve created this…