December 10, 2019
Daily Crunch: Away’s CEO is stepping down
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1. Away CEO is stepping down in light of reports of toxic culture
Steph Korey is stepping down from her role as CEO, although she will remain on-board as executive chairman. She’ll be replaced by Lululemon COO Stuart Haselden.
The timing of the announcement comes just a few days after The Verge published an in-depth story about management practices at the luggage startup, which included extensive quotes from Korey’s Slack messages. However, the company says that the executive search has been underway for months.
2. VSCO acquires video editing startup Rylo
The photo-sharing app behind the 2019 meme craze “VSCO girls” has acquired Rylo, a video editing startup founded by the original developer of Instagram’s Hyperlapse. Founded in 2015, Rylo is best known for its 360° camera capable of creating cinematic video in 5.8K resolution.
The company already announced its plans for the program — allowing cardholders to purchase a new iPhone, then pay it back over 24 months with no interest — but now it’s actually opening up to all Apple Card customers. In addition, Apple is sweetening the deal with 6% back on all Apple purchases made from December 10 through December 31.
4. India proposes new rules to access its citizens’ data
India has proposed new rules that would require companies to obtain consent from Indian citizens before collecting and processing their personal data. At the same time, the new rules also state that companies would have to hand over “non-personal” user data to the government, which would also hold the power to collect any data about its citizens without consent.
5. Waze adds unplowed road reporting feature for better awareness of winter driving hazards
Waze says it developed this update after it received a recommendation from the Virginia Department of Transportation, working with the municipal agency through its “Waze for Cities Data” partnership and data-sharing program.
6. Jiji raises $21M for its Africa online classifieds business
Buyers and sellers use Jiji to make purchases ranging from real estate to car sales. The classifieds site says it has 2 million listings on its Africa platforms and hit 8 million unique monthly users in 2018.
7. AWS is sick of waiting for your company to move to the cloud
AWS held its annual re:Invent customer conference last week in Las Vegas, where CEO Andy Jassy made it clear he’s tired of the slow pace of change inside the enterprise. The company also announced some big bets designed to accelerate cloud adoption. (Extra Crunch membership required.)
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