Published On: Sat, Jun 27th, 2020

Daily Crunch: Facebook drops a Oculus Go

Facebook shifts a VR strategy, WhatsApp’s remuneration use hits a obstacle in Brazil and we demeanour during how Trump’s visa anathema will impact Silicon Valley.

Here’s your Daily Crunch for Jun 24, 2020.

1. Facebook kills off a cheapest VR headset

Just dual years after rising a Oculus Go, Facebook announced that it’s discontinuing a headset — a slightest absolute and slightest costly VR hardware a association sold.

The entry-level product was meant to offshoot consumers on a thought of VR and remonstrate them to upgrade. Last year, however, Facebook expelled a $399 Oculus Quest, and it quick became pure that a Quest was expected a best trail brazen for Oculus’ consumer ambitions.

2. Brazil suspends WhatsApp’s payments service

Speaking of Facebook, a new remuneration underline in a renouned messaging app has been blocked in a second largest market. Brazil’s executive bank pronounced it was creation a preference to “preserve an adequate rival environment” in a mobile payments space and to safeguard “functioning of a remuneration complement that’s interchangeable, fast, secure, transparent, open and cheap.”

3. Trump’s workman visa anathema will strike Silicon Valley hard

We’ve been frequently featuring immigration counsel Sophie Alcorn’s column. But for this piece, editor Walter Thompson interviews Alcorn about President Trump’s executive sequence fluctuating an existent anathema on newcomer work visas. (Extra Crunch membership required.)

4. Stacy Brown-Philpot is stepping down as CEO of TaskRabbit

Brown-Philpot assimilated TaskRabbit 7 years ago as a company’s arch handling officer and was promoted to CEO in a open of 2016. In a tumble of 2017, a association was acquired by Ikea for undisclosed terms in a batch understanding and has continued to work exclusively as a auxiliary of a company.

5. Olympus skeleton to sell a struggling camera division

After 3 true years of handling losses, one of a world’s inaugural camera makers is giving adult a ghost. Olympus announced a intentions to sell off a imaging section by a finish of Sep 2020.

6. 11 tip VCs plead a destiny of New York startups

New York City was an initial U.S. hotspot for a COVID-19 pandemic, and it’s also one of a many costly cities in a universe — so we competence consider startups would be concerned to leave. However, when we surveyed a series of New York-based try capitalists, they seemed bullish about a city’s destiny as a startup and record hub. (Extra Crunch membership required.)

7. Google updates a analytics collection for newsrooms

Google is introducing chronicle 2.0 of both News Consumer Insights and Realtime Content Insights, while also adding a new underline called a News Tagging Guide. These efforts tumble underneath a powerful of a broader Google News Initiative, introduced in 2018 as a approach for a hunt hulk to account peculiarity broadcasting and find other ways to support a industry.

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