Track apps

Meta’s next VR headset will track eye movements and capture facial expressions – TechCrunch

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Is it Friday again? All week, we look forward to this day, and when it’s here, you remember everything you didn’t do while you were busy daydreaming about Friday. Well, we hope that bag of goodies makes it to you once you’ve cleared the to-do list and are ready for happy hour. If you are going to TTITD next week third security but try to stay alive. If you fail, make sure you die in a way that’s more interesting than dehydration so your campmates at least get a good story out of it. — Christina and haje

TechCrunch’s top 3

  • Virtual reality, Meta style: Meta’s new virtual reality headset technology is going to focus on face tracking and eye tracking, with features the company calls “social presence.” Ivan writing. It doesn’t come out until October, so you have about two months to scrape together the $400 we think it’s going to cost.
  • Mo’ Twilio, my problems: Hits from the Twilio data breach earlier this month keep coming. Carly writes that this time the breach affected users of the Authy two-factor application. Authy is a company acquired by Twilio in 2015. Oh, and the number of affected customers is now over 160. More on that below in Big Tech.
  • Predatory lending takes a turn: Although the nature of the article is not happy, we believe Jagmeet did a great job of outlining the time some loan apps will take to get users in India reimbursed.

Startups and VCs

Animoca Brands, Asia’s crypto gaming and Web3 investment powerhouse, is making inroads in Japan as its local unit secures $45 million in funding for a pre-money valuation of $500 million. The investment comes at a time when the country is tightening regulations around the crypto industry, writes Rita.

Stay in Asia, Anne and alexander take the pulse of the Chinese venture capital scene. From near-zero growth in the second quarter and abandoned economic targets to continued COVID-19 shutdowns, an electricity crisis, a housing crisis, worries about the strength of its national currency, shortages of water, high youth unemployment, etc. mixture for the world’s second-largest economy – even not to mention a backdrop fraught with geopolitical tension. This is a TechCrunch+ story, but if you don’t have a subscription, use the Daily Crunch coupon code “DC” for 15% off.

Let’s do a few more, shall we?

  • Draw me a picture of a moving train: Mobile photo editing app maker Lightricks is jumping on the AI-generated art trend with its new “Text to Image” generator in its apps, lauren reports.
  • Fly high, fly fast: Supply chain startup FourKites recently laid off a group of workers, but today announced it had raised $30 million to feel the wind under its wings again, Kyle reports.
  • Switch from to You know they’re going through a tough time at, as the company confirms its fourth round of layoffs in less than nine months, Mary Ann reports.
  • Real estate is getting really gnarly: Real estate tech startup Reali is heading for closure, after the startup raised $100 million just about a year ago, Mary Ann reports.
  • Flexible apartments? Are they built from Jell-O?: You can’t help but laugh at the idea of ​​twisting buildings, but ‘flexible apartments’ have their day in the sun. Landing lands $125 million in debt and equity financing, reports show Connie.

Learning From My Failures: Lessons from a Twice Founder

Picture credits: Sergei Chuyko (Opens in a new window) /Getty Pictures

All schadenfreude aside: learning from our own mistakes is helpful, but learning from someone else is optimal.

Squadhelp CEO and founder Darpan Munjal has closed his former business, a fashion e-commerce business, after four years of “solid growth”. Looking back, he says the seed funding created a false sense of security.

“It wasn’t easy closing the shutters on a business I truly believed in. But I knew I could start over if I was willing to learn from my mistakes and apply those lessons intelligently.”

(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)

Big Tech inc.

It looks like Google’s Waze has gotten a little sidetracked. The search engine giant said it was shutting down its Waze Carpool, a service that connected drivers with commuters, citing “changing travel habits as a result of the pandemic”. Aisha writing. Going forward, the app will focus on a post-COVID world of shopping and travel.

Meanwhile, the Indian railway company is backtracking on a customer data monetization plan after an advocacy group, the Internet Freedom Foundation, caught on Twitter opposing the strategy, writing: “A profit maximization goal will result in greater incentives for data collection, in violation of the principles of data minimization and goal limitation.” pot holder see you.

In case you missed any stories from last night, we have some great ones:

  • Starlink Paging: SpaceX and T-Mobile are teaming up to connect T-Mobile phones to Starlink for free starting in 2023, Devin writes.
  • First spaces, no podcasts: It’s official — Twitter is integrating podcasts into its platform. The feature will live under the Spaces tab, Aisha reports.
  • The pirates at the gate: DoorDash is among the organizations affected by the Twilio hackers, Carly writing. The delivery company says customers’ “names, email addresses, delivery addresses and phone numbers” were taken, and for a smaller group, partial payment card information.
  • Swap Twitter for Meta: Twitter VP of Engineering Sandeep Pandey is confirmed to be leaving the social media giant for Meta, Andrew writing. Pandey is the latest executive to leave the company since Elon Musk offered to take over Twitter earlier this year.