Toyota Backs Car-Sharing Startup Getaround | Crunch Report

TL;DR

Toyota invests in car sharing startup Getaround and integrates with their platform, while Peter Thiel defends his support for Donald Trump. Additional news includes Giphy's funding round and the launch of a new live video app called Hype.

Transcript

toyota backs car sharing startup get around Peter Thiel defends Trump JP raises a big funding round and more it's Monday October thirty-first and this is crunch report Tierra has made a strategic investment in get around a startup that allows car owners to rent out their vehicles when they're not in use in addition to investing in the service toyot... Read More

Key Insights

• 😨 Toyota's investment in Getaround showcases the growing interest of established car companies in new car ownership and transport models.
• 🌍 Peter Thiel's defense of Trump highlights his perception as an agent of change for various national problems.
• 👾 Giphy's significant funding indicates investors' belief in the platform's potential as an advertising revenue generator in the mobile messaging space.
• 😀 The launch of Hype with its interactive features and focus on meme culture demonstrates the continuous evolution of live video apps.

Questions & Answers

Q: How will Toyota integrate with Getaround?

Toyota will integrate their vehicles with Getaround's platform, allowing Getaround users to access and drive certain Toyota and Lexus vehicles using their smartphones. Additionally, if you have a lease with Toyota, you can make payments directly from your Getaround earnings.

Q: What reasons does Peter Thiel give for supporting Donald Trump?

Peter Thiel argues that Trump represents a vote against the status quo and addresses various issues like the lack of savings for older Americans and the high cost of healthcare. He believes the media takes Trump too literally and emphasizes that voters take him seriously but not literally.

Q: How does Giphy plan to monetize their platform?

CEO Alex Chung believes there is a lot of opportunity to make money from advertising on Giphy's platform. As mobile messaging lacks a clear native ad format, Giphy aims to fill that role and generate revenue from advertising partnerships.

Q: What sets Hype apart from other live video apps?

Hype allows users to include multimedia content like photos and videos in their live broadcasts, as well as feature viewer comments, music, and emojis. It is described as Facebook Live for meme culture, offering unique elements to enhance the live streaming experience.

Summary & Key Takeaways

• Toyota has made a strategic investment in car sharing startup Getaround and will integrate with their platform, offering keyless entry and driving for Getaround users and enabling lease payments through Getaround earnings.

• Peter Thiel defends his support for Donald Trump, highlighting the nation's various problems and seeing Trump as a vote against the status quo.

• Giphy raises $72 million in funding and plans to monetize their platform through advertising opportunities.

• Vine's founders launch a new live video app called Hype, which allows multimedia content, viewer comments, and features like music and emojis.

• Twitter is testing a new way to display articles and web pages on their mobile app using Safari's reader mode.