Daily Crunch: Facebook drops the Oculus Go

Daily Crunch: Facebook drops the Oculus Go

Facebook shifts its VR technique, WhatsApp’s fee service hits a snag in Brazil and we have a look at how Trump’s visa ban will have an effect on Silicon Valley.

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

1. Facebook kills off its most cost-effective VR headset

Just two years after launching the Oculus Go, Facebook introduced that it’s discontinuing the headset — the least highly effective and least costly VR {hardware} the corporate offered.

The entry-level product was meant to hook shoppers on the thought of VR and persuade them to improve. Last 12 months, nonetheless, Facebook launched the $399 Oculus Quest, and it shortly turned clear that the Quest was probably one of the best path ahead for Oculus’ shopper ambitions.

2. Brazil suspends WhatsApp’s funds service

Speaking of Facebook, the brand new fee function in its standard messaging app has been blocked in its second largest market. Brazil’s central financial institution stated it was making the choice to “protect an sufficient aggressive atmosphere” within the cellular funds area and to make sure “functioning of a fee system that’s interchangeable, quick, safe, clear, open and low-cost.”

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3. Trump’s employee visa ban will hit Silicon Valley onerous

We’ve been recurrently that includes immigration lawyer Sophie Alcorn’s column. But for this piece, editor Walter Thompson interviews Alcorn about President Trump’s govt order extending an current ban on immigrant work visas. (Extra Crunch membership required.)

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

Brown-Philpot joined TaskRabbit seven years in the past as the corporate’s chief working officer and was promoted to CEO within the spring of 2016. In the autumn of 2017, the corporate was acquired by Ikea for undisclosed phrases in a inventory deal and has continued to function independently as a subsidiary of the corporate.

5. Olympus plans to promote its struggling digital camera division

After three straight years of working losses, one of many world’s foremost digital camera makers is giving up the ghost. Olympus introduced its intentions to dump its imaging unit by the top of September 2020.

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6. 11 prime VCs focus on the way forward for New York startups

New York City was an preliminary U.S. hotspot for the COVID-19 pandemic, and it’s additionally one of the costly cities on the planet — so that you may assume startups can be anxious to go away. However, after we surveyed a lot of New York-based enterprise capitalists, they appeared bullish in regards to the metropolis’s future as a startup and expertise hub. (Extra Crunch membership required.)

7. Google updates its analytics instruments for newsrooms

Google is introducing model of each News Consumer Insights and Realtime Content Insights, whereas additionally including a brand new function referred to as the News Tagging Guide. These efforts fall beneath the umbrella of the broader Google News Initiative, launched in 2018 as a approach for the search large to fund high quality journalism and discover different methods to assist the trade.

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