Daily Crunch 6/30/20

Plus - Microsoft lays off nearly 5,000 employees Learn more about your ad choices. Visit podcastchoices.com/adchoices 

Plus - Mark Zuckerberg tells staff that AI agents haven’t progressed as quickly as he’d hoped; Jersey Mike’s IPO illustrates how bad the AI hype has become Learn more about your ad choices. Visit podcastchoices.com/adchoices 

Earlier this week, news broke that apparel brand Lululemon is buying Mirror, maker of a sleek, smart, home fitness device. The move connects a strong lifestyle brand and massive retail footprint with an upstart in a related and quickly growing category -- but does it make sense? ...  Show more

Athleisure icon Lululemon splurges $500M to acquire Peloton-ish in-home workout startup Mirror. Fresh off its acquisition breakup with Grubhub, Uber is looking to rebound with Postmates instead. And Netflix will stream $100M of its cash into black community banks to fix the bank ...  Show more

Nvidia buys Mellanox, Tesla reverses course, a handy primer on how TikTok is different, and we check in on the smart takes from last week’s big stories. Subscribe to the Premium, Ad-Free Podcast Feed! Sponsors: DataDogHQ.com/ridehome Tiny.website Links: Nvidia to Buy Mellanox ...  Show more

TikTok has joined the NFT craze, so the singularity must be nigh. USB-C tries to clear up its customer confusion problem. Zoom abandons a huge acquisition. And a crypto developer is begging users to give $90 million dollars in tokens back, after an all-time screw up. Sponsors: Ti ...  Show more