Snap CEO Evan Spiegel got a $637 million bonus last year

 Snap’s stock investors haven’t made much money since the company went public last year, but CEO Evan Spiegel still got a hefty payday. According to an SEC filing, he was granted an RSU of 37,447,817, which vested at the time of the IPO. In other words, that was worth nearly $636.6 million. His salary for the year was $98,078, and he had over $1 million in other benefits, so all in… Read More

Equity podcast: Uber’s losing billions, Amazon lays off hundreds and somehow Instacart gets more money

 Welcome to “Equity,” TechCrunch’s venture capital and tech business podcast. On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news. First up, we talked about Uber, which is losing lots of money in Asia… Read More

Twitter’s Dorsey downplays acquisition possibilities, sees “strength to our independence”

 If you’re a Twitter shareholder wondering if the company is about to get acquired, co-founder and CEO Jack Dorsey doesn’t want you to get that impression. “There’s a lot of strength to our independence,” he said, at the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday. Dorsey believes that it’s important for Twitter’s… Read More

Chamillionaire is a presentation genius, has a new app

 You probably know Chamillionaire from the song “Ridin,'” but did you know the Grammy Award winner is also a successful startup investor? He has had several favorable outcomes, including Cruise, which sold to General Motors and Maker Studios, which was bought by Disney. Now he’s trying his hand at a startup of his own. If you’re a Chamillionaire superfan, you may already… Read More

Cardlytics up 3% following IPO, raised $70 million

 Atlanta-based Cardlytics made its public debut on Friday, closing the day at $13.37, just a little above the IPO price of $13. The company sold 5.4 million shares, raising $70 million. Cardlytics works with financial institutions like Bank of America and 2,000 others to run cash back programs. It partners with brands across restaurant, retail, travel, grocery and home subscription categories… Read More

Qualcomm rejects Broadcom’s $121 billion bid

Broadcom headquarters The largest tech acquisition offer in history wasn’t enough. Qualcomm’s board of directors issued a statement on Thursday saying that they are turning down Broadcom’s $121 billion bid to buy the competing chipmaker. According to the release, Qualcomm “unanimously rejected” an “unsolicited proposal” to buy all of its shares at $82 each, of which $60… Read More

Varo Money raises $45 million for mobile banking without fees

 There are a number of startups looking to disrupt traditional banking. We’ve covered Chime, Zero and Jiko, just to name a few. Another one of those is Varo Money and they’ve raised $45 million led by private equity giant, Warburg Pincus and The Rise Fund, a global impact fund that’s part of another private equity firm, TPG. (That’s the one U2’s Bono is involved… Read More

Boxed in talks to be acquired by Kroger for $500 million

Boxed New York-based Boxed, the startup for buying food and household items in bulk, is in talks to be acquired by Kroger for about $500 million. Other retailers are also expected to be making bids. The news was first reported by Forbes and confirmed to TechCrunch by a source with knowledge of the situation. We’re hearing that the company is aiming to make a decision this weekend. Founded… Read More