Daily Crunch - Rackspace is going public again

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( Friday, July 10, 2020 • By [Anthony Ha]( We look at Rackspace’s finances, a Facebook code change causes numerous app issues and electric vehicle company Rivian raises $2.5 billion. Here’s your Daily Crunch for July 10, 2020. [The big story: Rackspace is going public again]( The cloud computing company first went public in 2008, before accepting a $4.3 billion offer to go private from Apollo Global Management. Rackspace says it will use the proceeds from the IPO to lower its debt load. Alex Wilhelm [took a deep dive into Rackspace’s finances](, concluding that the proper valuation is a “puzzle”: The company is tech-ish, which means it will find some interest. But its slow growth rate, heavy debts and lackluster margins make it hard to pin a fair multiple onto. [Read more]( [The big story: Rackspace is going public again image] Image Credits: TechCrunch [Learn why mobile app protection has become critical]( Sponsored by [Irdeto]( [Mobile apps are the new endpoints, it’s essential to protect them in order to protect your IP and revenues and those who use it. In this white paper, we detail what hackers can do to your apps and why app protection has become critical.]( [Read more]( The tech giants [New report outlines potential roadmap for Apple’s ARM-based MacBooks]( — Analyst Ming-Chi Kuo said that a 13.3-inch MacBook powered by Apple’s new processors will arrive in the fourth quarter of this year. [Facebook code change caused outage for Spotify, Pinterest and Waze apps]( — Looks like Facebook was responsible 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 giant, according to [Politico](. [The tech giants image] Startups, funding and venture capital [Rivian raises $2.5 billion as it pushes to bring its electric RT1 pickup, R1S SUV to market]( — The company plans to bring its electric pickup truck and SUV, as well as delivery vans for Amazon, to market in 2021. [A glint of hope for India’s food delivery market as Zomato projects monthly cash burn of less than $1 million]( — “We’ll only lose $1 million this month” doesn’t feel like a huge accomplishment, but at least things seem to be headed in the right direction. [Startups, funding and venture capital image] Image Credits: Rivian Advice and analysis from Extra Crunch [How Thor Fridriksson’s ‘Trivia Royale’ earned 2.5 million downloads in 3 weeks]( — The latest game from the QuizUp founder was (briefly) the top app in the App Store. We talk to Fridriksson about how he did it. [COVID-19 pivot: Travel unicorn Klook sees jump in staycations]( — With bookings for overseas experiences plummeting, Klook began offering do-it-yourself kits for stay-at-home projects and partnered with landmark sites to offer virtual tours. [Operator Collective brings diversity and inclusion to enterprise investing]( — The firm, founded last year, said it currently has 130 operator LPs, 90% of them women and 40% of them people of color. (Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. [You can sign up here](.) [Advice and analysis from Extra Crunch image] Everything else [NASA signs agreement with Japan to cooperate across Space Station, Artemis and Lunar Gateway projects]( — Japan first expressed its intent to participate in the Lunar Gateway program in October 2019, making it one of the first countries to do so. [Equity: Silicon Valley is built on immigrant innovation]( — The latest episode of Equity discusses how recent visa changes will affect Silicon Valley. [Five reasons to attend TC Early Stage online]( — July 21 and 22! I will be there! [Everything else image] Image Credits: NASA [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Senior Mobile Engineer at Series A Backed Company doing some real good in the world at dumpling (San Francisco, CA, USA)]( - [Head of Talent Marketing at Veeva Systems (Anywhere)]( - [Senior Product Manager at The Philadelphia Inquirer (Philadelphia, PA, USA)]( - [Technical Program/Product Managers at D. E. Shaw Research (New York, New York, USA)]( - [Director of Information Services at Beaver Country Day School (Chestnut Hill, MA 02467, USA)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $200 per month. [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Flipboard]( [View this email online in your browser]( [Privacy Policy]( | [Terms of Service]( | [Unsubscribe]( © 2020 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103