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Profitable car rental service Turo is still ready for an IPO, but its growth cratered in 2023

Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first filed an S-1 to go public in early 2022, later updating the document quarterly in preparation for an eventual offering. TechCrunch covers its regular financial disclosures as they provide insight into when a deeply funded startup with a historical billion-dollar valuation will decide to finally pull the trigger and list its shares publicly. In…

Flexy cratered wires could reduce infections in heart failure patients

If someone is already suffering from heart failure, they certainly shouldn't have to deal with a serious infection on top of that. A new type of electrical wire, designed for powering implanted heart pumps, could help keep that from happening.When a heart failure patient is on the waiting list for a donor heart, it's not uncommon for them to receive an implanted electric pump that keeps their existing heart beating normally until it can be replaced. That pump is powered by a connected battery, which is worn on the outside…

Google Parent Alphabet’s Spending on Acquisitions Cratered in 2023

Pennies were pinched in Mountain View last year. For much of its existence as a public company, Google had made a headline-grabbing acquisition at least once a year as it used the profits from its surging ads business to bet on new frontiers. Billions of dollars went to scooping up Motorola, Nest, HTC, and Fitbit to build up it hardware business. Apigee, Looker, and Mandiant rounded out Google’s cloud computing unit. But Alphabet’s latest annual report reveals that the splurging stopped in 2023.Alphabet omitted a section…

‘The Marvels’ Might’ve Bombed, but a $269 Million MCU Movie That Cratered Almost as Hard May Still Get a Sequel

With The Marvels shrinking to sub-Quantum Realm levels at the box office, the MCU certainly needs some guaranteed wins in its not-so-distant future. And one of those might just come in the form of a sequel to the only Marvel movie to bomb nearly as hard as The Marvels. Confused? Good, so are we all, thanks to some suitably spoilery comments from Mark “I gave away the ending to Infinity War one year early” Ruffalo. Let’s see what’s happening… Image via Marvel Studios Disney buying out NBCUniversal’s stake in Hulu is a…

Engagement on Instagram’s Threads Has Cratered

Image: rafapress (Shutterstock)Shortly after Meta’s new Twitter clone Threads hits 100 million users, analysts say that the app’s user engagement has precipitously dropped off.Nobody’s Really Watching ReelsNBC News reports that data from Sensor Tower and Similarweb indicates that the newly released social media platform from Meta has seen a drop off in attention from users. Sensor Tower Data suggests that on Tuesday and Wednesday, daily active users dropped 20% from Saturday while time spent on the platform fell 50% from

An Infamous Sci-Fi Flop Cratered on All Fronts for More Than One Reason

via Warner Bros. Whenever a high-profile blockbuster bombs, there’s always one or two reasons singled out above all else for why the project in question has crashed and burned so spectacularly. However, in the case of 2000’s infamous Red Planet, it’s more a case of choosing your favorite and simply running with it. Handing a first-time feature director $80 million for their debut is always a decent place to start, with Antony Hoffman proving horrendously ill-equipped for such a large-scale production packed…

A Sci-Fi Flop Cratered by Controversy Repels Alien Invaders on Streaming

via Lionsgate Sometimes, all it takes is one person to torpedo an entire blockbuster movie’s chances of finding success. In the case of Ender’s Game, the culprit turned out to be none other than Orson Scott Card, an ironic twist of fate given that he’d previously been very reluctant to hand over the rights to his sci-fi literary series over to Hollywood. The industry had been attempting to get a live-action version of the intergalactic adventure off the ground ever since the first novel was published in 1985,…

AMD’s profits have cratered as the PC and crypto miner markets slow down

AMD was riding high last year as consumers bought computers in droves and cryptocurrency miners snapped up every GPU they could get, but this year, the company has come crashing down to the ground. While it’s bringing in more money than it was before, thanks in part to better sales in the data center and gaming space, its third quarter profits dropped by 93 percent compared to last year.According to its earnings report, AMD earned $66 million in profits in Q3 on around $5.6 billion in revenue. That’s not a particularly…

How Elon Musk, Jack Dorsey, and Parag Agrawal cratered the Twitter deal, in texts

Elon Musk’s deposition for the Twitter v. Musk suit may have been rescheduled for next week, but the public got some more inside dirt about his plans for Twitter, thanks to the release of two slideshow presentations and a slew of Musk texts. The texts show Musk and a variety of contacts — including former Twitter CEO Jack Dorsey, entrepreneur Jason Calacanis, and podcaster Joe Rogan — talking about everything from the blockchain to putting Oprah on Twitter’s board. (That part might be a joke, but with Musk, it’s difficult…