We have a look at Rackspace’s funds, a Fb code change causes quite a few app points and electrical car firm Rivian raises $2.5 billion. Right here’s your Every day Crunch for July 10, 2020.

The massive story: Rackspace goes public once more

The cloud computing firm first went public in 2008, earlier than accepting a $4.Three billion supply to go non-public from Apollo World Administration. Rackspace says it’s going to use the proceeds from the IPO to decrease its debt load.

Alex Wilhelm took a deep dive into Rackspace’s funds, concluding that the correct valuation is a “puzzle”:

The corporate is tech-ish, which implies it’s going to discover some curiosity. However its gradual progress charge, heavy money owed and lackluster margins make it exhausting to pin a good a number of onto.

The tech giants

New report outlines potential roadmap for Apple’s ARM-based MacBooks — Analyst Ming-Chi Kuo mentioned {that a} 13.3-inch MacBook powered by Apple’s new processors will arrive within the fourth quarter of this 12 months.

Fb code change triggered outage for Spotify, Pinterest and Waze apps — Seems to be like Fb was answerable for some crashing apps this morning.

California reportedly launches antitrust investigation into Google — This makes California the 49th state to launch an antitrust investigation into the search big, based on Politico.

Startups, funding and enterprise capital

Rivian raises $2.5 billion because it pushes to convey its electrical RT1 pickup, R1S SUV to market — The corporate plans to convey its electrical pickup truck and SUV, in addition to supply vans for Amazon, to market in 2021.

A glint of hope for India’s meals supply market as Zomato tasks month-to-month money burn of lower than $1 million — “We’ll solely lose $1 million this month” doesn’t really feel like an enormous accomplishment, however at the very least issues appear to be headed in the correct route.

Recommendation and evaluation from Additional Crunch

How Thor Fridriksson’s ‘Trivia Royale’ earned 2.5 million downloads in Three weeks — The newest sport from the QuizUp founder was (briefly) the highest app within the App Retailer. We speak to Fridriksson about how he did it.

COVID-19 pivot: Journey unicorn Klook sees bounce in staycations — With bookings for abroad experiences plummeting, Klook started providing do-it-yourself kits for stay-at-home tasks and partnered with landmark websites to supply digital excursions.

Operator Collective brings range and inclusion to enterprise investing — The agency, based final 12 months, mentioned it at present has 130 operator LPs, 90% of them ladies and 40% of them individuals of coloration.

(Reminder: Additional Crunch is our subscription membership program, which goals to democratize details about startups. You may join right here.)

Every part else

NASA indicators settlement with Japan to cooperate throughout Area Station, Artemis and Lunar Gateway tasks — Japan first expressed its intent to take part within the Lunar Gateway program in October 2019, making it one of many first nations to take action.

Fairness: Silicon Valley is constructed on immigrant innovation — The newest episode of Fairness discusses how latest visa adjustments will have an effect on Silicon Valley.

5 causes to attend TC Early Stage on-line — July 21 and 22! I might be there!

The Every day Crunch is TechCrunch’s roundup of our largest and most vital tales. In the event you’d wish to get this delivered to your inbox on daily basis at round 3pm Pacific, you may subscribe right here.

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