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Daily Crunch: Ending a 4-year partnership, DoorDash will stop delivering Walmart...

 2 years ago
source link: https://finance.yahoo.com/news/daily-crunch-ending-4-partnership-220534143.html
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Daily Crunch: Ending a 4-year partnership, DoorDash will stop delivering Walmart groceries next month

Christine Hall and Haje Jan Kamps
Sat, August 20, 2022, 7:05 AM·5 min read

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Fridayyyyyy.

If you’re following the ups and downs of the crypto industry, you won’t want to miss this Twitter Space on Monday at 12:00 p.m. PDT/3:00 p.m. EDT. Senior crypto reporter Anita will be speaking with Sam Rosenblum and Breck Stodghill about where they're seeing the most exciting opportunities among early-stage web3 companies.

Happy weekend, you party animals. Personally, we are more napping cat animals than party animals at the moment, but at least we can all be animals in our own way! — Christine and Haje

The TechCrunch Top 3

  • Delivery drop: When one door opens for DoorDash, another door closes. Earlier this week, we reported that DoorDash and Facebook were becoming fast friends as they piloted a program to pick up and drop off Facebook Marketplace items to customers. Now, Aisha reports that DoorDash may be ending its delivery relationship with Walmart in September. Walmart might not be too upset by the breakup, though, as it has been working on its own delivery efforts.

  • Falling Facebook: The social media giant is “losing its grip,” as Sarah put it, on younger consumers who are preferring newer apps like TikTok and BeReal. The evidence? Facebook just can’t seem to stay in the Apple App Store’s Top 10. Though this phenomena is not new for them, Sarah has more on if it’s time for Facebook to be concerned.

  • Leveraging Love: Former Bolt (this one) CEO Ryan Breslow may still be in some hot Twitter water for his comments about the hurdles to going up against competitors, but he tells Connie that he has “no regrets” about anything he said. Instead, he is jumping headfirst into some new startups, including a “people-powered pharma” startup called Love.

Startups and VC

“IPOing has been an extremely rare outcome for robotics companies, even in the (now bygone) golden era of SPACs. Given the state of the overall market, some planned SPACs were put on hold in the interim, in hopes of riding more favorable trends,” Brian writes as he discusses the three true robotic startup outcomes in his awesome Actuator newsletter. It’s all about robotics, and you can subscribe to it and all our other newsletters. We’re not sure if the form will ask you if you are a robot to subscribe to our robotics newsletter, but that would be particularly funny.


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