Marqeta acquires fintech infrastructure startup Power Finance for $275M • TechCrunch

2 min


182
121 shares, 182 points

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here.

Kicking off the week, we’ve been thoroughly enjoying Runa Sandvik’s story about how U.S. police use digital data to prosecute abortions in our post-Roe-v.-Wade world. The TL;DR is that healthcare in the U.S. is a weird world, and you should use end-to-end encrypted messages if you’re going to DM your friends about things that are potentially illegal.  — Christine and Haje

The TechCrunch Top 3

Startups and VC

“I can’t explain it. It’s weird,” Alphonzo “Phonz” Terrell said to Amanda. After losing his job at Twitter when Elon Musk took over, the former global head of Social and Editorial didn’t want to rest — he wanted to build. “Coming straight out of it, I was just like, ‘Oh, it’s time. It’s time to build, whether we get support or not.’” Now he’s raised just short of $3 million to build a competitor to Twitter.

Speaking of alternatives to Twitter, Aisha and Taylor took to the internet to find the best Twitter alternatives worth checking out. Ultimately they conclude that there isn’t, and will probably never be, a one-for-one replacement for Twitter.

Oh, and good news for gaming nerds after a lot of really silly missteps: Amanda writes how the 403-page Dungeons & Dragons game system is now licensed under Creative Commons.

And here’s a handful more, because we love ya:

What do recent changes to state taxes mean for US SaaS startups?

Image Credits: Daniela Simona Temneanu / EyeEm (opens in a new window) / Getty Images

For SaaS startups, tax time can create a conundrum.

Some states regard software-as-a-service products as, um, services, while others classify them as, er, products.

“There’s also the issue of bundling on its own,” according to startup tax accountant Ardy Esmaeili. “SaaS might not be taxed, but it will be when paired with hardware.”

To help founders better understand their liability, Esmaeili shares tips on how to identify a company’s physical nexus and lists multiple SaaS categories that states are likely to tax.

“Engage an expert as early as you can,” he writes. “Don’t think you won’t have to worry about it yet, because waiting can have big consequences down the line.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

Manish reports that Manu Jain is the latest Xiaomi executive to leave. This might sting a bit for the company because Jain was the one who set up and scaled the smartphone maker’s presence in India.

All right, now here you are, checking all the security boxes, getting your two-factor authentication set up, and along comes a hacker — albeit paid by Meta — that finds a bug, which allows someone to bypass that two-factor authentication on Facebook and Instagram. I guess it’s good they caught it, but ugh! Lorenzo has more.

And we have five more for you:



Source: Tech Crunch


Like it? Share with your friends!

182
121 shares, 182 points

What's Your Reaction?

Cute Cute
16
Cute
Fun Fun
8
Fun
Hate Hate
2
Hate
Confused Confused
18
Confused
Fail Fail
10
Fail
Geeky Geeky
5
Geeky
Love Love
24
Love
OMG OMG
18
OMG
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format