Daily Crunch: Below analyst estimates, Warner Bros. Discovery posts a net loss of $2.1 billion for the fourth quarter of 2022

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Friends, we have very sad news for you. The weekend has arrived, which means you have to stop working for a few days. We know, it’s a tragedy. But don’t worry, Monday is only two days away from the weekend, and then you can go back to the grindstone.

Black History Month continues! Originally published in 1975, For Colored Girls Who Have Considered Suicide/When the Rainbow Is Enuf is a beautiful, passionate and fearless story of what it meant to be a woman of color in the 20th century. Definitely worth reading – or look for it on stage!

Lots of love and hugs and such, Christina And haje

​​TechCrunch’s top 3

• Money, money, money… it must be funny: Warner Bros. Discovery revealed that it lost an additional $2.1 billion in the fourth quarter. This is despite the success of shows like “The Last of Us” on HBO and games like “Hogwarts Legacy.” lauren explain more.
• Fashion layoffs: Second-hand clothing market Poshmark is now laying off employees just two months after it was acquired by Naver, kate reports.
• Another Brick in the Wall: Ron explains why a potential lawsuit from the U.S. Department of Justice over competition could derail the pending $20 billion Adobe-Figma deal.

Startups and VCs

The truth is, Mobile World Congress (MWC) was never a mainstream tech show per se, but the participation of various smartphone makers turned it into a convenient launch pad. brian explore in What we expect from MWC 2021.

Faced with enlisted co-founders and darkened bunkers, Ukraine’s tech industry continues on its way. Mike explores how, a year after Russia’s invasion, Ukrainian startups are showing amazing resilience.

And we have five more for you:

• pay, pay pay: Telecom giant Airtel is considering a stake in Paytm, in pot holder.
• Buy, buy, buy: Rebuy is here to change the shopping experience of customers, one personalization at a time, Christina reports.
• deb, dev, dev: Alchemy launches a tool that allows developers to start building dApps in 4 minutes, Jacqueline reports.
• Good morning, good morning, good morning: Natasha L reports how Voicemod has $14.5 million to ride the boom in generative (sonic) AI.
• Picture, picture, picture: South Africa’s Envisionit Deep AI secures $1.65m to expand access to medical imaging, reports Anne.

5 Questions Emerging Managers Should Ask Before Selecting an LP

Before an emerging manager can start backing startups, he must first earn the trust of limited partners willing to bet on his investment thesis.

“Each rung in the decision-making ladder increases the risk of dismissal, loss of information or miscommunication, which can be mitigated if you can present yourself to decision-makers quickly,” says Linda Greub, co-founder and managing partner of Avestria Ventures.

Drawing on his own experience, Greub shares five questions emerging managers can ask “to find the investors most likely to believe in you.”

Three others from the TC+ team:

Tech Crunch+ is our membership program that helps founders and startup teams get a head start. You can register here. Use code “DC” to get 15% off an annual subscription!

Big Tech inc.

A new group of hackers by the name of CH01 has defaced Russian websites to show them a video of the Kremlin on fire. Lawrence see you.

Google One subscribers can rejoice with the news that they now have access to Google Photos’ new AI-powered “Magic Eraser” that will remove unwanted content from images, Sarah reports.

We have a treat for you: six stories instead of five: