Apple limits AirDrop ‘everyone’ option to 10 minutes in China

A change in the iOS 16.1.1 update for Chinese users is turning some heads. Apple is restricting the “Everyone” option in AirDrop to ten minutes on iPhones purchased in mainland China, according to online user reports. That means people can no longer keep their Airdrop on for an unlimited time, including for strangers and contacts. …

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Auto sales ‘overshoot’ will make it impossible to prevent the worst effects of climate change

Toyota, Volkswagen, Hyundai, and other major automakers are on track to sell 400 million more diesel and petrol vehicles than is feasible to stave off the worst effects of climate change, Greenpeace Germany concludes in a new report. Transportation currently makes up a quarter of fuel-related greenhouse gas emissions globally, with half of that coming from …

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Waymo can now charge for fully driverless services in San Francisco

The California Department of Motor Vehicles approved an amendment to Waymo’s existing deployment permit Wednesday to include driverless, as well as drivered, operations. Now, Waymo will be able to charge for usage of its autonomous vehicles, which will operate without anyone in the driver’s seat, for services like food and grocery delivery. The upgraded DMV …

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Sequoia Capital marks its FTX investment down to zero dollars

Sequoia Capital just marked down to zero the value of its stake in the cryptocurrency exchange FTX — a stake that, as of last week, likely represented among the most sizable unrealized gains in the venture firm’s 50-year history.  This story is developing: here is the letter it just sent out to its limited partners. …

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Binance won’t bail out FTX, cites reports of ‘mishandled customer funds’

The Verge Binance, the largest crypto exchange by volume, says it isn’t buying the beleaguered FTX crypto exchange, saying that “the issues are beyond our control or ability to help,” according to a company statement. The statement also said that “news reports regarding mishandled customer funds and alleged US agency investigations” led them to back …

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Gaming company Kabam lays off 7% of its workforce to better align with goals

Kabam, the gaming company that has developed mobile games in partnership with entertainment brands including Disney, Marvel and Universal, has laid off about 7% — around 35 people — of its workforce, TechCrunch has learned from sources and confirmed with the company over email. The Vancouver-based company informed the affected employees about the move earlier …

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Lyft-backed plan to fund electric cars flops in California

California voters shot down a plan to make electric vehicles more affordable for some residents, dealing a blow to Lyft and the EV industry alike. Proposition 30 would have taxed residents making more than $2 million a year to subsidize electric cars and public charging stations as well as funded wildfire prevention programs. Even with …

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Meta decimates its staff as the social media giant lays off 11,000

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Whooo-weee interesting times for crypto land, as Bitcoin crashes down to under $17,000 for the first time in a while. Wild, given that the cryptocurrency was trading at $65,000 or so a …

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The Pixel Watch calorie bug is a reminder of why accuracy is overrated

Like many other first-gen devices, the Google Pixel Watch has a lot of quirks. So far, early users have reported that the watch dramatically overreported calorie burn due to a bug. According to Android Police, the Pixel Watch team is aware of the issue and suggests rebooting the device could fix the problem. That said, …

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Some crypto VCs see decentralization as the future following FTX collapse

As the crypto market digests the past few days of chaos, venture capitalists see the moment as a warning, but also an opportunity for the growth of decentralization and maturation of the larger blockchain space. “As venture investors, we take a long-term view on the industry; despite the current market turmoil, we are actively assessing …

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