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Reddit to roll out personalized end-of-year recaps with stats about users’ habits – TechCrunch

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Reddit is launching a new personalized Spotify Wrapped-like recap feature for all users tomorrow. The new recaps will include a variety of stats, including a summary of the time you spent on the platform, a look at the content that you interacted with or contributed, topics you engaged with and communities you’ve viewed or joined. Reddit notes that users will be able to hide their username and avatar if they want when sharing the recap across other social media apps.

“In previous years, Reddit Recap focused on aggregated trends across the platform. This year we wanted to add a fun, personalized in-product experience to remind users of their contributions and belonging on the platform,” Reddit said in a statement. “Every Redditor has a unique role to play on Reddit, and so we referenced user browsing and engagement data from January 1st, 2021 to November 30th, 2021 to help shape the stories about how they fit in.”

End-of-year recaps have become increasingly popular thanks to Spotify’s annual Wrapped feature that is widely shared across social media each year. Given its success, it’s no surprise that other companies like Apple, YouTube, Snapchat and now Reddit are looking to mimic the popular feature with their own versions.

In addition to the launch of recaps, Reddit has released data about the most popular themes on the platform in 2021. The company notes that cryptocurrency, gaming, sports, weddings, health and fitness, food and drink, and movies and television were the most popular categories. In terms of cryptocurrency, the top five most-viewed crypto communities this year were r/dogecoin, r/superstonk. r/cryptocurrency, r/amcstock and r/bitcoin. So far this year, Reddit has seen 6.6 million mentions of “crypto” across its platform.

As for gaming, the top five most viewed communities in 2021 were r/genshinimpact, r/leagueoflegends, r/gaming, r/rpclipsgta and r/ffxiv. For the sports category, the top five communities were r/nba, r/soccer, r/nfl, r/squaredcircle and r/mma. In terms of the weddings category, the top five communities were r/weddingplanning, r/engagementrings, r/bridezillas, r/wedding and r/weddingsunder10k.

Regarding health and fitness, the top five communities were r/lifeprotips, r/sports, r/progresspics, r/fitness and r/loseit. As for the food and drink category, the top five were r/food, r/cooking, r/keto, r/kitchenconfidential and r/starbucks. Lastly, the top five communities in the movies and television category were r/movies, r/marvelstudios, r/starwars, r/moviedetails and r/dc_cinematic.

Reddit also revealed that users created 366 million posts in 2021, which is a 19% year-over-year increase. The company has seen 2.3 billion total comments, a 12 percent increase year-over-year and 46 billion total upvotes, a 1% increase year-over-year so far this year.

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Geek+ raises another $100M for its warehouse robots – TechCrunch

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Two things are for certain: 1) There continues to be a lot of excitement around warehouse robotics and 2) Geek+ is extremely good at raising money based on that fact. The Beijing-based warehouse robotics firm just raised another $100 million in funding, labeled a “Series E1,” with participation from Intel Capital, Vertex Growth and Qingyue Capital Investment.

The last time we wrote about the company was still fairly early on in the pandemic — June 2020 — when it had just raised a $200 million Series C. Meantime, the company raised an undisclosed Series D last year. Certainly there’s no lack of investor interest in the firm at the moment, with this most recent round valuing Geek+ at somewhere around $2 billion.

I’d say it’s probably a good idea to get funding while the funding’s good. While the space will almost certainly continue to grow, there’s likely to be a bit of a correction here, as investments respond to broader market trends. Meanwhile, Geek+ is posting impressive numbers, including $150 million in revenue last year, coupled with $300 million in orders. As pandemic waves continue to result in shutdowns in China and elsewhere, it’s easy to see why companies continue investing in these technologies.

Geek+ mentions “global expansion” as one of the primary motivators for its seeking additional funding. Notably, fellow Beijing-based firm, ForwardX Robotics expanded into the U.S. earlier this month, on the heels of its own Series C. In July, Geek+ announced deployments in both North and South America. The firm also has multiple partner deals in Europe.

“With the first-mover advantage, Geek+ has already developed a solid competitive advantage in global markets, bringing in a constant driving force for business development,” Geek+ founder and CEO Yong Zheng said in a release. “This, coupled with our three technology pillars of robotics, systems, and algorithms, has not only allowed Geek+ to develop a full product line, but also improve R&D efficiency while reducing R&D costs.”

Of course, stateside expansion finds the companies competing with an already crowded market of domestic warehouse robotics firms that offer a variety of both greenfield and brownfield solutions for automating the warehouse space. Geek+ produces a variety of different robotics systems, though at its core, the company offers a Kiva-style wheeled robot designed to cart around inventory shelves.

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WhatsApp is adding new privacy options, including screenshot blocking and a stealth mode – TechCrunch

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WhatsApp is introducing a small flurry of privacy-minded tweaks into the messaging app, the company announced on Tuesday. The Meta-owned globally ubiquitous messaging service says the changes aim to give users more control over their experience while introducing “added layers” to protect their private communications.

WhatsApp will introduce an option for users to privately use the app without being visibly online, something it calls “online presence control.” The feature, which rolls out to everyone this month, will let WhatsApp users curate which contacts can see their online status while hiding it from others. The list of contacts who can view your online status doesn’t have a cap and you can swap people in and out at any time. The company says that the update will come to both its desktop and mobile app offerings.

The company is also testing screenshot blocking for “view once” messages, which disappear after being opened a single time. WhatsApp introduced a disappearing media option a year ago, reminding users at the time that they wouldn’t be able to know if the recipient was saving any shared photos and videos as screenshots. The feature is in testing for now but the company hopes to get it out to users broadly “soon.” (It’s worth remembering that anyone can still take a photo of their screen with a different device, which should make you think twice about getting too comfy on apps with disappearing messaging.)

The last change is another small quality of life update, but a notable enough one. This month, WhatsApp will allow users to leave groups privately without sending out a mass notification that they bailed. Group admins will still get notified, but generally this change should make moving through groups on the app more fluid and less awkward. This change will also roll out to both the desktop and mobile version of the app.

WhatsApp Head of Product Ami Vora described the additions as a boost to the app’s “interlocking layers of protection,” which aim to bolster its status as a prominent encrypted messaging option.

The company has made other efforts over the years. Last fall, it closed one possible weak spot in its encrypted messaging service, adding end-to-end encryption for backups stored in the cloud.

“We’ll keep building new ways to protect your messages and keep them as private and secure as face-to-face conversation,” Meta Founder and CEO Mark Zuckerberg said of the new features.

The company’s own messaging isn’t always as tight though: A confusing privacy policy update in early 2021 prompted a backlash, sending users to rival apps. That same update is still reverberating more than a year later, and the European Commission launched a formal investigation into its concerns about the app’s consumer protections earlier this year.

 

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Big funds ‘screwing with Series A market but not seed market’ says veteran VC Mike Hirshland – TechCrunch

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Mike Hirshland is enjoying 2022. Despite the market’s zigs and zags, he has spent much of his time this past summer in Rhode Island, where relatives from afar have gathered on and off for an extended family reunion. He and partner Raanan Bar-Cohen were also able to close their fifth fund with $150 million in capital commitments at winter’s end —  ahead of the stock market collapse that would follow. Indeed, the two now have around $375 million in assets under management at their 11-year-old venture firm, Resolute Ventures.

Yet another reason to feel cheery is what’s happening at their stage of the market, where after a rapid run-up, valuations are slowly but surely coming back down to earth, suggests Hirshland. He says that while Resolute’s pace has been “remarkably consistent,” leading to roughly 10 investments each year that draw initial checks from the firm in the $1 million to $1.5 million range, the “biggest departure” in its history was last year. It was then that both round sizes and valuations ballooned, prompting the firm to write bigger checks while also forcing it to walk away from “really big, really pricey seed rounds” with valuations so lofty that Hirshland feared their next round would be problematic.

That’s not to say it’s all been a walk in the park. Some of Resolute’s best-performing portfolio companies, including Opendoor and Bark & Co., have had their struggles since going public through tie-ups with special purpose acquisition companies.

Another of Resolute’s bets, Clutter — which is also backed by Sequoia Capital and SoftBank — has also found it harder to grow its business than it might have imagined earlier. The outfit merged with a rival in February to bolster its odds of succeeding, but Hirshland, who remains “quite bullish” on Clutter, admits that it isn’t always easy to profitably “move atoms.”

What is not a concern for Hirshland, he insists, is competition. He says Resolute backs founders based largely on their vision and the firm’s belief that the team can build something compelling. (“I’m essentially indifferent if it’s day 1 or day 365, when they can show me some code,” he says.) He argues that other firms, no matter their public messaging, aren’t quite as open-minded, especially not right now.

In fact, asked about later-stage firms like Tiger Global and Insight Partners that have been shifting more of their attention to younger startups, Hirshland, talking with TechCrunch over Zoom, shrugs his shoulders. “Big funds are really screwing with the Series A market,” he says, “but in the seed market, we’re not seeing these guys come that far down.”

Even if they did, adds Hirshland, it wouldn’t last long. “You always see firms announce these big seed initiatives because when things get competitive, people move earlier. But when the shit hits the fan, they go back to focusing on their bread and butter and the cycle just continues.”

Resolute has so far invested roughly $10 million in initial checks from its newest fund. Some of its more recent investments include Signl, a startup that sells business intelligence tools to investors and whose founders sold an earlier company, Bitium, to Google in 2017.

Resolute also recently invested in Nobl9, a so-called service level objective platform whose founders also sold a previous company (Orbitera) to Google.

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