An Amazon Web Services outage has a wide effect, Salesforce might be buying Slack and Pinterest tests new support for virtual events. This is your Daily Crunch for November 25, 2020.
And for those of you who celebrate Thanksgiving: Enjoy! There will be no newsletter tomorrow, and then Darrell Etherington will be filling in for me on Friday.
The big story: Amazon Web Services stumble
Amazon Web Services began experiencing issues earlier today, which caused issues for sites and services that rely on its cloud infrastructure — as writer Zack Whittaker discovered when he tried to use his Roomba.
Amazon said the issue was largely localized to North America, and that it was working on a resolution. Meanwhile, a number of other companies, such as Adobe and Roku, have pointed to the AWS outage as the reason for their own service issues.
The tech giants
Slack’s stock climbs on possible Salesforce acquisition — News that Salesforce is interested in buying Slack sent shares of the smaller firm sharply higher today.
Pinterest tests online events with dedicated ‘class communities’ — The company has been spotted testing a new feature that allows users to sign up for Zoom classes through Pinterest.
France starts collecting tax on tech giants — This tax applies to companies that generate more than €750 million in revenue globally and €25 million in France, and that operate either a marketplace or an ad business.
Startups, funding and venture capital
Tiger Global invests in India’s Unacademy at $2B valuation — Unacademy helps students prepare for competitive exams to get into college.
WeGift, the ‘incentive marketing’ platform, collects $8M in new funding — Founded in 2016, WeGift wants to digitize the $700 billion rewards and incentives industry.
Cast.ai nabs $7.7M seed to remove barriers between public clouds — The company was started with the idea that developers should be able to get the best of each of the public clouds without being locked in.
Advice and analysis from Extra Crunch
Insurtech’s big year gets bigger as Metromile looks to go public — Metromile, a startup competing in the auto insurance market, is going public via SPAC.
Join us for a live Q&A with Sapphire’s Jai Das on Tuesday at 2 pm EST/11 am PST — Das has invested in companies like MuleSoft, Alteryx, Square and Sumo Logic.
(Extra Crunch is our membership program, which aims to democratize information about startups. You can sign up here.)
Gift Guide: Smart exercise gear to hunker down and get fit with — Smart exercise and health gear is smarter than ever.
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