Zuckerberg says Meta's next VR headset will launch in October and focus on 'social presence' - TechCrunch

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Is it Friday again? We’ve been longing for this day all week, and when it comes, you remember all the things you didn’t get done while you were busy dreaming about Friday. Oh well, hopefully that bag of goodies makes its way to you after you’ve cleared your to-do list and are ready for happy hour. If you will TTID next week, safety third, but try to stay alive. Failing that, make sure you die in a more interesting way from dehydration so your camp mates can at least get a good story out of it. — Christine and Hadje

TechCrunch’s Top 3

Startups and VCs

Asian crypto gaming and web3 investment company Animoca Brands is entering Japan as its local unit raises $45 million in funding at a $500 million pre-money valuation. The investment comes at a time when the country is tightening regulations around the crypto industry, it said Rita.

To stay in Asia, Anna and Alex measure the pulse China’s venture capital scene. From almost zero growth in the second quarter and abandoned economic targets to continued lockdowns due to COVID-19, power crisis, housing crisis, concerns about the strength of the national currency, water scarcity, high youth unemployment and more, it’s a tough mix for the second largest economy in the world – without even mentioning a backdrop laden with geopolitical tension. This is a TechCrunch+ story, but if you don’t have a subscription, use the Daily Crunch discount code “DC” for 15% off.

Let’s do a few more, shall we?

Learning from my failures: Lessons from a 2-time founder

a row of bent nails with a hammer;  learning from mistakes

Image Credits: Sergey Chuiko (opens in a new window) / Getty Images

All gloating aside: learning from our own mistakes is useful, but learning from someone else’s mistakes is optimal.

Squadhelp CEO and founder Darpan Munjal has shut down his previous company, a fashion e-commerce venture, after four years of “solid growth.” In retrospect, he says the early-stage funding created a false sense of security.

“It wasn’t easy to close the shutters on a business I really believed in. But I knew I could start over if I was willing to learn from my mistakes and apply those lessons wisely.”

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

Google’s Waze seems to have lost its way a bit. The search engine giant said it was closing your Waze Carpoolservice that connected drivers with commuters, citing “shifting commuting patterns as a result of the pandemic,” Aisha write. Going forward, the app will focus on a post-Covid world of errands and travel.

Meanwhile, Indian Railways is reversing course on a plan to monetize customer data after an advocacy group, the Internet Freedom Foundation, took to Twitter opposed the strategy, writing, “The profit maximization objective will lead to greater incentives for data collection, violating the principles of data minimization and objective limitation.” Manish there is more.

In case you missed some stories from late yesterday, we’ve got some good ones:

  • Starlink paging: SpaceX and T-Mobile we’re partnering to connect T-Mobile phones to Starlink for free starting in 2023, Devin write.
  • First spaces, not podcasts: It’s official – Twitter integrates podcasts in its platform. The feature will exist in the Spaces tab, Aisha reports.
  • Hackers at the door: DoorDash is among the organizations affected by the Twilio hackers, Carly write. The delivery company says customers’ “names, email addresses, shipping addresses and phone numbers” were taken, and for a smaller group, partial payment card information.
  • Trade Twitter for Meta: Sandeep Pandey, Twitter’s VP of Engineering, has been confirmed leaving this social media giant for Meta, Andrew write. Pandey is the latest executive to leave the company since Elon Musk offered to take over Twitter earlier this year.

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