Meta in favor of SMB e-commerce app launched by former Facebook engineering director TechCrunch

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Hello Crunchers! Wait, that’s a weird nickname, like you’re munching on granola. What should we call you guys?

Never mind. Tomorrow we will run Twitter Spaces where Jacquelyn and Anita talking about what’s new in the crypto world with Ryan Selkis. It’s 1pm PDT and you can easily Set yourself a reminder here.

Have a great week! – Christine and Haje

TechCrunch’s Top 3

  • It’s hot in here: Software aimed at helping small businesses fulfill online orders is currently out of stock and Meta is fanning the flames with a new investment in Take App, the Singapore-based startup that is providing simple tool for sellers to create a website and start taking orders via WhatsApp, Paul report.
  • Visualizing Jared Leto .’s next move: WeWork founder Adam Neumann doesn’t have to look too far for his next investment check. Andreessen Horowitz just gave him $350 million for his new company, Flow, a residential real estate company, Anita write. This amount, we were told, was the largest personal check a16z had ever written… and it was passed on to Neumann, who company supported in May for another of his companies, Flowcarbon. If you are in shock, you are not alone.
  • A little bit of .bit country, a little bit of .bit rock ‘n’ roll: Four veterans of Tencent started .bit as the ubiquitous identification system in web3. After signing up for more than 110,000 accounts over the past year, the startup is now armed with $13 million in new funding and the goal of promoting .bit for decentralized autonomous organizations, Rita write.

Start-ups and VC

Perhaps an unexpected story on a tech site, but we ended the week with some briefs last week, when a group of our writers discussed about What is the best song by Taylor Swift? To be. Because of course, our #watercooler discussion spills over the web from time to time.

Manhattan and Brooklyn are overflowing with activity. It’s working there after years of relative lockdown, Connie write, and ask yourself if Maybe it’s time for companies in San Francisco to call employees bluffs.

More news and analysis from your friendly neighborhood team of tech reporters:

The subscription pie is getting bigger: How to leverage usage-based billing

Cake on the table with a slice out;  payment based on usage

Image credits: Alexey Dulin / EyeEm (Opens in a new window) / Beautiful pictures

More than half of all SaaS companies plan to roll out usage-based billing next year, according to Charred CMO Sanjay Manchanda.

To help founders capitalize on this trend, he wrote a TC+guest post identifying some of the ways companies are growing as they try to copy the success of companies like Twilio, Snowflake and Frog.

“Registration is not going anywhere,” says Manchanda. “They’ve been around since at least the 17th century for a good reason – people like them.”

(TechCrunch+ is our membership program that helps founders and startup teams rise to the top. You can register here.)

Big Tech Inc.

VinFast is pedalingor shall we say electric pedals, to offer those who pre-order one of its cars a $7,500 discount despite the US government changing the federal tax credit rules regarding electric vehicles, which makes it a little more difficult to deduct, Haje report.

And the car talk doesn’t stop there. Porsche is now joining other automakers in signed a solar contract, Jaclyn write. The luxury carmaker signed a 25-year contract with Cherry Street Energy in Georgia just days later Ford announces solar agreement.

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