Top Stories of the Day // May 25, 2016

Uber and Toyota confirm strategic investment and auto leasing deal | Reddit’s head of community leaves after nine months | 24 more characters, for better and worse | Money transfer company TransferWise raises further $26M at $1.1B valuation | Xiaomi unveils its first drone — and it costs just $450 for a 4K video model | Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge | E Ink brings rich color to ePaper, but not to e-readers |

DAILY WEDNESDAY, MAY 25 2016 TODAY'S TOP STORIES: TOP HEADLINE | Sarah Buhr Uber and Toyota confirm strategic investment and auto leasing deal Rideshare wars just got even more interesting. Uber has confirmed a strategic investment and auto leasing deal from Toyota. “Toyota is a global leader in... Read More… Megan Rose Dickey Reddit’s head of community leaves after nine months About nine months after taking on the role of head of community management at Reddit, Kristine Fasnacht (u/krispykrackers) has left the company. In a post... Read More… SPONSORED CONTENT OtterBox Launches Modular iPhone Case with Leading Accessory Brands The OtterBox uniVERSE Case System provides trusted protection plus an ecosystem of accessories that attach directly to the case. Learn More… Josh Constine 24 more characters, for better and worse Today Twitter redefined its laws of physics. But while it’s posed as a simplification of the 140-character rule, the change will reshape information... Read More… CATCH UP WITH CRUNCH REPORT Twitter Changes 140 Character Limit Twitter is changing its 140 character limit, VW is investing 300 million dollars into Uber Rival Gett, King Bach launches app Bachify, Twilio launches a sim based service, Toyota makes a strategic investment in Uber Watch Now Steve O'Hear Money transfer company TransferWise raises further $26M at $1.1B valuation After months of rumours, TransferWise, the London headquartered money transfer startup and fintech darling, has confirmed that it has raised a further round of... Read More… Jon Russell Xiaomi unveils its first drone — and it costs just $450 for a 4K video model Chinese smartphone maker Xiaomi officially unveiled its first drone today, ending a week of teasers about it, and the low price of the product might bring some... Read More… Ingrid Lunden Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge Following last week’s news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the... Read More… Devin Coldewey E Ink brings rich color to ePaper, but not to e-readers E Ink, maker of the ePaper displays found in many e-readers (maddening to have three different e prefixes in one sentence, but it's unavoidable), announced a... Read More… Get more stories at techcrunch.com  Newest Jobs From CrunchBoard: Lead Platform (Distributed Systems) at Docker (San Francisco, CA, United States) Digital Analytics Manager, Juilliard Global Ventures at The Juilliard School (New York, NY, United States) GM Austin at YourMechanic (Austin, TX, United States) GM Atlanta at YourMechanic (Atlanta, GA, United States) Business Development Specialist (Venture Technology) at Dentons US LLP (New York, NY, United States) SEE MORE JOBS ON CRUNCHBOARD Post your tech jobs and reach millions of TechCrunch readers for only $200 per month If you do not want to receive this email or you would like to update your preferences click here. 410 Townsend Street, San Francisco, CA 94107 © 2016 AOL Inc. All rights reserved.   Privacy Policy   Terms of Service