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TechCrunch Daily Crunch

Tumblr Reaches a Breaking Point

TechCrunch Daily Crunch

SpokenLayer

Tech News, Technology, News

438 Ratings

🗓️ 11 November 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

EU business crowdfunding is now bound by bloc-wide regulations; Cruise begins layoffs, starting with workers who supported driverless operations; Tumblr to run on skeleton crew as parent company Automattic absorbs staff Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode is brought to you by Chef Station.

0:07.0

You know folks, I'm all about working smarter, not harder.

0:13.0

Running a successful e-commerce business can be really convoluted and honestly you have enough going on so I want to introduce you guys to ship station.

0:21.6

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0:25.5

much easier to automate all my shipping tasks and I can manage all my orders in one

0:29.5

simple dashboard. Work less and ship more with Ship Station, the innovative tool that helps turn your

0:35.7

shipping challenges into opportunities for growth. Go to shipstation.com and use code

0:41.0

tech news to sign up for your free 60 day trial that's ship

0:44.9

station dot com code tech news here's your daily crunch coming up tumbler is

0:51.0

down to a skeleton crew.

0:53.0

But first, all business crowdfunding platforms

0:55.6

wishing to operate within the European Union

0:57.7

must now comply with a new EU-wide regulatory framework

1:01.5

that brings a uniform set of rules to the block.

1:04.3

Crowdfunding platforms that had previously been green-lighted to operate had until today

1:09.1

to receive authorization under the new rules.

1:11.9

Prior to these updated regulations, a fragmented

1:14.4

regulatory landscape meant that companies had to go through each

1:18.2

constituent EU country to gain approval, hamstringing any crowdfunding endeavor that was looking to operate across borders.

1:25.9

One authorization to rule them all is the new general idea, with fewer hurdles to operate across

1:31.4

all 27 EU states.

1:33.4

And for investors, it means that they only have to worry about a single

...

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