Connect with us

Technology

Elon Musk says it’s ‘easy’ to raise money, so where are his Twitter investors?

Published

on

Elon Musk is trying to cut back on costly unsecured loans tied to his $44 billion Twitter purchase by selling $3 billion worth of Twitter shares, according to a report from The Wall Street Journal. But despite what Musk has said recently about his “track record” of raising money, the paper claims investors aren’t immediately getting in line to grab the pieces of Twitter he’s offering.

Sources tell the WSJ that in December, the billionaire’s team sent out emails to potential investors trying to raise $3 billion to pay off “an unsecured portion” of Twitter’s $13 billion debt with the highest interest rate. The WSJ reports some backers “balked at the terms” due to the state of Twitter’s finances but also notes it couldn’t determine the current state of fundraising talks.

When asked on Twitter whether the WSJ’s report is accurate, Musk answered simply, “No.”

In sharp contrast to the reports, Musk has boasted about his ability to secure strong investments during his securities fraud trial. Testifying on Tuesday, the billionaire bragged that it’s “relatively easy” for him to secure investments:

Every time we’ve raised money, it has been at a higher price. So investors have done extremely well. That is why it is relatively easy for me to get investor support because my track record is extremely good… It is accurate to say that I probably have the best track record with investors.

Shortly after taking over the platform in November, Musk complained about losing $4 million per day and didn’t rule out the possibility of bankruptcy.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Addressable raises $7.5M to match crypto wallets to Twitter accounts. But how? • TechCrunch

Published

on

Marketo, which was developed – among other things.- to enhance marketing around social media users, ended up being acquired by Adobe. Now a new startup hopes to do what Marketo did in Web2, but this time in Web3.

Addressable has a digital fingerprinting startup that claims to be able match anonymous crypto wallets with social media accounts. Indeed, it’s so confident it can do this, that claims to have matched 17 million crypto wallet holders with their Twitter accounts.

That’s quite a tall order, but let’s return to that.

For now, we can at least say it has some investor confidence. It’s now raised a $7.5 million, Seed round from Viola Ventures, Fabric Ventures, Mensch Capital Partners and North Island Ventures.

The problem Addressable says its solving is that since crypto wallets are anonymous, Web3 marketers can’t know their audience’s age, country, or purchasing history. I mean, that was kind’ve the point right?

Addressable claims it solves this by associating anonymous blockchain audiences with their social media accounts, by looking at data points across blockchain activity that can be correlated with social media activity. This then allows marketers to promote games or conferences etc to crypto wallet holders on Twitter, thus increasing the return on ad spend by targeting audiences that are more likely to buy products, and introducing higher efficacy/ROI.

To do this they needed to look at 500M+ crypto wallets and 100M+ social accounts, then create the algorithms to match these data points.

Tomer Sharonim (Co-Founder and CEO) was previously VP of Product at Salt Security. Tomer Shlomo (Co-Founder and CTO) has been at Synamedia, among others. Dr. Asaf Nadler (Co-Founder and Chief Scientist) has been at Akamai Technologies, among others.

Speaking to TechCrunch via email Sharoni said: “Addressable.io competes with other Web3 CRM startups including such as Blaze, Cookie3, Kazm and Absolute Labs, that focus mainly on customer reactivation by analyzing and engaging with the company’s existing on-chain user base.”

He claims Addressable is different because it takes a “more holistic and comprehensive approach by unlocking all Web3 on-chain users.”

It’s of course very hard to verify if they can do any of this, but clearly their investors seem convinced, at the very least.

Source link

Continue Reading

Technology

Needles to say, Ghostline drags tattoo stencil making ‘inkto’ the current millennium • TechCrunch

Published

on

Some of us are fans of dip-n-rip tattoos with very little planning. Who cares, it’s not like tattoos are permanent, right? Others prefer a slightly more measured approach. If you’ve ever gotten a delicate, detailed tattoo, you may have been surprised by how long it takes your tattoo artist to go from doodle to having the rough outline of your soon-to-be body art transferred onto your skin. Ghostline recently launched an iPad app to try and change all of that, dragging (some) tattoo artists into the digital age.

“Everything in the tattoo industry is kind of antiquated at this point. Machines and tools have gotten better, but tech hasn’t really entered the space other than batteries and maybe digital art formats. We’ve been spending the same amount of time for years, and it became evident to me that there had to be a way that I could optimize the process of making a stencil, especially for artists who create realistic artwork,” said London Reese, founder at Ghostline, in an interview with TechCrunch. “We have iPads, we have software, we have all these drawing tools, but nothing would turn that imagery into a stencil that I could print out and apply it to skin. That takes anywhere from 30 to 90 minutes every day. That has always been part of the process, but I wondered and said, ‘Wait! I think I could make something like that!’”

To Reese, the value is saving time — spending six or seven hours per week on creating stencils could instead be spent tattooing more customers, and he laments either missing out on money or on time with his family.

The part of the process the app replaces is stenciling. Traditionally, you’d have to hand-design and trace a stencil on top of a photo, and then run it through a Thermofax or some sort of thermal copier. From there, you can apply that carbon stencil onto skin. The app replaces the need to hand-trace. In addition, it offers a few additional features that make it easier to resize work across multiple sheets of stencil paper or to do tattoo work in multiple sessions.

“We developed a way to make the app AirPrint compatible, so we can print directly from the app straight to a modern inkjet printer. Instead of using printer ink, the printer will have tattoo stencil ink and runs stencil paper instead of printer paper,” Reese explains. “You print it out, cut it out, apply it to the body and it’s ready to go.”

Ghostline produced a little video showing off how it all works, featuring Reese himself:

The app also has tools built in that make it possible to scale images up and print them over multiple sheets in a grid. By automating that process, it becomes repeatable, which means you can get exact measurements and then save it on the tablet. You can come back to it another day — weeks or months later — and reapply it, aligned with the tattooing that’s already completed, to continue the tattoo.

The company currently has around 3,000 users, growing at around 100 per day. It’s free to try for a week; after that, it costs $5.99 per month or $59.99 per year for unlimited use.

However, Reese admits the app may not be for everyone.

“You know, there is a cool old-school mentality in tattooing that I hope never dies. You learn the way of the forefathers of tattooing and you do it that way and you don’t bring anything else into it, because it works,” Reese laughs. “I love that. However, I’m a modern man in modern culture. If I can find something that will allow me to optimize my workflow, I’m all about it. I’ve been trying to optimize my workstation and my workflow for years, and this is just one little element of it. I don’t mind that some guys aren’t gonna like it or are gonna think it’s not for them. That’s fine. That’s tattooing. That’s art. Right? We all have a process.”

Source link

Continue Reading

Technology

Wakanda Forever’ gets its streaming debut on Disney+ • TechCrunch

Published

on

“Black Panther: Wakanda Forever” is now streaming on Disney+, 82 days after it was released in theaters– the longest window between theatrical release and streaming release of any Marvel movie on Disney+.

However, the wait may have been worth it since the movie grossed more than $800 million at the box office worldwide and has a 94% audience score on Rotten Tomatoes. It also scored two Golden Globes nominations and five Oscar noms. Angela Bassett, who played Queen Ramonda, won a Golden Globe for Best Performance by an Actress in a Supporting Role.

Plus, the film is now streaming in IMAX Enhanced on Disney+, joining 16 other Marvel Cinematic Universe (MCU) movies, such as the first “Black Panther” movie along with “Doctor Strange in the Multiverse of Madness,” “Eternals,” “Shang-Chi and the Legend of the Ten Rings” and more. IMAX Enhanced lets viewers experience more immersive viewing with an expanded aspect ratio.

If new Disney+ subscribers want to watch “Black Panther 2,” they have to pay $10.99 per month for the ad-free plan, up from $7.99. Or they can subscribe to the newly launched ad-supported tier, which is $7.99 per month.

“Black Panther: Wakanda Forever” takes place after the death of King T’Challa– played by Chadwick Boseman, who passed away in 2020. Throughout the film, the Princess of Wakanda, Shuri (played by Letitia Wright), is grieving the loss of her brother, however, she must fight alongside Queen Ramonda, M’Baku (Winston Duke), Okoye (Danai Gurira) and the Dora Milaje to protect their nation from the ruler of a hidden undersea nation, Namor (Tenoch Huerta Mejía). The film also stars Lupita Nyong’o, Martin Freeman, Julia Louis-Dreyfus, Dominique Thorne, Michaela Coel, Mabel Cadena and Alex Livinalli.

The “Black Panther” sequel marks the final movie of Phase 4 of the MCU. As we enter the second month of 2023, we’ll soon see the release of Phase 5 titles, including “Ant-Man and the Wasp: Quantumania,” which premieres in theaters on February 17, along with “Guardians of the Galaxy Vol. 3” and “The Marvels,” among others.

Source link

Continue Reading

Trending

%d bloggers like this: