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Jack Dorsey defends his job as CEO of Twitter – TechCrunch

Twitter CEO defends activist investors, Google takes extra precautions against coronaviruses, and soft drink maker raises $ 30 million. Here is your Daily Crunch of March 6, 2020.

1. Twitter CEOs Don't Support Why Investors Shouldn't Fire It

Twitter CEO Jack dorsey spoke yesterday at a Morgan Stanley conference, where he made remarks (also shared via Twitter's investor relations account) that responded obliquely to activist investor Elliott Management's efforts to lobby on Twitter in a multitude of reforms, including replacing Dorsey with a new CEO.

Among other things, Dorsey said he couldn't spend six months a year in Africa after all, claimed that the company's real product development was taking place under the hood and offered an excuse to remove Vine before let it become TikTok.

2. Google recommends Washington State employees to work from home, citing risk of coronavirus

The software giant has not closed its offices in Washington and does not plan to make an official statement regarding the recommendation, but the news certainly indicates a broader trend of serious precautions around the new coronavirus epidemic. This decision follows a similar decision by Lyft, which sent home workers to its San Francisco office.

3. Spindrift, soft drink maker, raised $ 29.8 million

Spindrift, founded in 2010, faces big players, like the beloved and decades-old LaCroix, another brand of sparkling water. The company differentiates itself by focusing on the real fruit in its drinks, such as Michigan cucumbers, California strawberries and Alfonso mangoes from India.

4. Airbnb and three other P2P rental platforms agree to share limited pan-European data

The European Commission has announced that it has reached a data-sharing agreement with the vacation rental platforms Airbnb, Booking.com, Expedia Group and Tripadvisor making the deal look like a historic agreement that will allow the EU statistical office to publish data on short-term accommodation in the EU.

5. SaaS companies flirt with correction territory as another crazy week ends

Stocks are expected to drop further today, which will likely cause stocks to fall further in SaaS and cloud companies. After two weeks of frantic trading, the category of high-flying technologies is down by more than 9% compared to recent highs before the bell this morning, placing it near correction territory. (Extra Crunch subscription required.)

6. Mark Cuban supports ChatableApps, developer of a hearing aid app that removes background noise

The company has built a smartphone app that provides hearing aid by removing background noise in near real time. Along with the auditory neural signal processing researcher, Dr. Andy Simpson, the company's co-founders are Brendan ODriscoll, Aidan Sliney and George Boyle, the original team behind the application of Soundwave musical discovery.

7. Pex buys Dubset to build YouTube ContentID for TikTok and more

Pex is a royalty attribution startup that scans social media and other user-generated content sites for rights holder content, then allows them to negotiate licenses with platforms, request withdrawal, Assign the request and / or track consumption statistics. Dubset, meanwhile, has spent 10 years solving the problem of legalizing remixes and multi-song DJ sets for streaming.

The Daily Crunch is TechCrunch's summary of our most important and important stories. If you want to receive this information in your inbox every day around 9 a.m. Pacific Time, you can subscribe here.

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