An amazon The failure of web services has far-reaching effects. Salesforce may buy Slack and Pinterest is testing new support for virtual events. This is your daily crisis for November 25, 2020.
And for those of you celebrating Thanksgiving, have fun! There won't be a newsletter tomorrow, and then Darrell Etherington will stand in for me on Friday.
The big story: Amazon Web Services stumble
Amazon Web Services was already experiencing problems today that caused problems for websites and services based on the cloud infrastructure – as author Zack Whittaker found out when trying to use his Roomba.
Amazon said the problem is largely confined to North America and is working on a solution. Meanwhile, a number of other companies like Adobe and Roku have pointed out the AWS outage as a cause of their own service problems.
The technology giants
Slack Stock Rises on Potential Salesforce Acquisition – News that Salesforce is interested in buying Slack has propelled the smaller company's shares significantly higher today.
Pinterest Tests Online Events With Special “Class Communities” – The company was discovered testing a new feature that would allow users to sign up for Zoom classes through Pinterest.
France begins levying taxes on tech giants – This tax applies to companies that have sales in excess of € 750mn worldwide and € 25mn in France and run either a marketplace or an advertising business.
Startups, Financing and Venture Capital
Tiger Global is investing USD 2 billion in the Indian Unacademy. The Unacademy helps students prepare for exams to enter college.
WeGift, Incentive Marketing Platform, Raises $ 8M in New Funds. Founded in 2016, WeGift aims to digitize the $ 700 billion rewards and incentive industry.
Cast.ai Raises $ 7.7M in Seed Capital to Break Down Barriers Between Public Clouds – The company was founded on the idea that developers should be able to get the most out of any public cloud without being tied to it his.
Advice and analysis of extra crunch
Insurtech's big year is getting bigger as Metromile is set to go public – Metromile, a startup that competes in the auto insurance market, goes public via SPAC.
Join us on Tuesday at 2:00 p.m. EST / 11:00 a.m. PST for a live Q&A with Jai Das of Sapphire – Das has invested in companies like MuleSoft, Alteryx, Square, and Sumo Logic.
(Extra Crunch is our membership program designed to democratize information about startups. You can sign up here.)
Gift Guide: Smart Exercise Equipment to Squat and Fit – Smart exercise and health equipment is smarter than ever.
Instead of the Christmas log, watch this interactive dumpster fire because 2020 – Sure, why not.
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