Magic Leap gets a new CEO – ProWellTech
There is new leadership in the troubled Magic Leap startup, Uber launches grocery delivery and Palantir files to make them public. Here is your Daily Crunch for July 7, 2020.
The big story: Magic Leap has a new CEO
Can Peggy Johnson, Microsoft’s former vice president of business development, change things for Magic Leap? The augmented/mixed reality company laid off most of its staff in April, and while it managed to raise another $ 375 million to continue, that fundraising meant the departure of founder and CEO Rony Abovitz.
Johnson will officially take on August 1st. She has been with Microsoft since 2014, where she was involved in the acquisition of LinkedIn’s $ 26.2 billion. Prior to that, he spent 24 years at Qualcomm.
“The technology base of Magic Leap is undeniable and there is no doubt that it has the potential to shape the future of XR and computing,” Johnson said in a statement.
The giants of technology
Alphabet’s Loon launches its Kenyan balloon-powered internet service – Loon is creating high-altitude balloons that are expected to provide cellular service and Internet access in areas where mountainous terrain makes the installation of ground infrastructure difficult.
Uber grocery delivery will be launched in Latin America and Canada, the United States to follow later this month – Uber will begin grocery delivery in 19 cities, with plans to launch in Miami and Dallas later 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 checklists and track their viewing progress, without confusing everything with others viewers on the same account.
Startups, financing, and venture capital
The secret data startup Palantir has confidentially requested an IPO – Except for the fact that it archived confidentially, Palantir (who is known for his work with the United States government and the intelligence community) did not provide any information on its offer.
TikTok addresses the ban in the United States; moves away from Hong Kong – Secretary of State Mike Pompeo told Fox News that the United States government is “definitely trying” to ban the popular video app.
Facebook-sponsored Unacademy acquires PrepLadder for $ 50 million – Unacademy is one of the leading edtech companies in India, while PrepLadder claims to have over 80,000 subscribers.
Extra Crunch tips and analysis
8 black investors discuss the intersection of race, technology and funding – We looked at eight black VCs on their investment strategy and their 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 email app.
(Reminder: Extra Crunch is our subscription program, designed to democratize startup information. You can sign up here.)
All the rest
Kerry Washington will arrive at Disrupt 2020 – The “Scandal” star has also invested in The Wing, Community and Byte. And she will come to Disrupt!
Dear Sophie: What do the new online lesson rules mean for F-1 students? – International students have been allowed to stay in the United States during online courses during the COVID-19 pandemic, but ICE says it will end this fall. Immigration lawyer Sophie Alcorn discusses what it means for a startup whose co-founder is a student on an F-1 visa.