Daily Crunch - Goodbye, Periscope

Periscope is shutting down, Samsung has plans for more foldable devices and Airbnb sets new diversity goals. This is your Daily Crunch for December 15, 2020.

The big story: Goodbye, Periscope

It’s official: Twitter-owned live-streaming app Periscope is shutting down by March of next year.

That’s not hugely surprising, both because Jane Manchun Wong spotted some app code suggesting that a shutdown could be coming and also because … when was the last time you thought about Periscope?

In an open letter, Periscope said that its current operations are “unsustainable,” and that “leaving it in its current state isn’t doing right by the current and former Periscope community or by Twitter.”

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The tech giants

2021 holds even more Samsung foldables — Whether that means an additional device or something more meaningful remains to be seen.

AWS introduces new Chaos Engineering as a Service offering — Chaos engineering tools help simulate worst-case scenarios. (Also, “chaos engineer” is the best job title imaginable.)

Airbnb sets new diversity goals — By the end of 2025, Airbnb is aiming for 20% of its U.S. workforce to consist of underrepresented minorities.

Startups, funding and venture capital

Social stock trading services Public raises $65M Series C — The startup says it has expanded its userbase by 10x this year.

Financial aid-focused Frank expands into helping students take online classes — The company is helping students deploy their financial aid money to open digital slots at more than 100 colleges.

Parsec raises $25M from a16z to power remote work and cloud gaming — Parsec started out by helping gamers access their gaming PCs from other devices, but it was a natural transition to other use cases.

Advice and analysis from Extra Crunch

Inside Zoox’s six-year ride from prototype to product — Unlike its rivals, Zoox is developing the self-driving software stack, the on-demand ridesharing app and the vehicle itself.

2020 was a disaster, but the pandemic put security in the spotlight — Many of the security headaches exposed by the pandemic will linger into the new year.

Startup valuations have recovered from summer lows — New data shows that down rounds are dying out.

(Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)

Everything else

Among Us launches on the Nintendo Switch — Among Us just launched on the Switch after becoming a surprise hit during the pandemic.

Bandcamp Fridays will continue through next May — On the first Friday of every month, the service has waved its fees, letting artists and labels reap the benefits.

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