Daily Crunch: Nokia’s CEO is stepping down


Nokia announces a big leadership change, an AT&T streaming service expands and we look at how our jobs may have to evolve during to the coronavirus pandemic. Here’s your Daily Crunch for March 2, 2020.

1. Rajeev Suri to step down as Nokia CEO; Pekka Lundmark to take over

The company, like its rivals Sweden-based Ericsson and Chinese giant Huawei, has shifted its attention in recent years to aggressively build a portfolio of technologies and products for 5G networks.

“After 25 years at Nokia, I have wanted to do something different,” said Rajeev Suri, who will leave his current position on August 31 and continue to serve as an advisor to the Nokia Board until the end of this year. Pekka Lundmark is expected to start in his new role on September 1.

2. Streaming service AT&T TV launches nationwide, but isn’t meant for cord cutters

Not to be confused with AT&T TV Now — AT&T’s over-the-top live TV service aimed at cord-cutters, previously called DirecTV Now — the new service is more of an alternative to AT&T-owned DirecTV. AT&T TV offers hundreds of live TV channels, plus 40,000 on-demand titles, and 500 hours of DVR space on a set-top box.

3. How to work during a pandemic

The world is bracing for the seemingly inevitable proliferation of  the COVID-19 coronavirus, which has already paralyzed cities and isolated millions. Devin Coldewey offers some guidelines for CEOs, aspiring founders and tech industry employees on how they can continue working in this environment.

4. mParticle raises $45M to help marketers unify customer data

A whole industry of customer data platforms has sprung up since mParticle was founded back in 2013, all offering tools to help marketers create a single view of their customers by unifying data from various sources.

5. Making money from games: The future of virtual economies

In part six of our series about “multiverse” virtual worlds, we explore the dynamics of games’ virtual economies, the exchange of virtual assets for real money, challenges with money laundering and underage gambling, the compliance infrastructure needed for virtual economies and the challenges in balancing a virtual economy’s monetary supply. (Extra Crunch membership required.)

6. India’s Spinny raises $43.7M to expand its online platform for selling used cars

Niraj Singh, co-founder and chief executive of the startup, told TechCrunch that Spinny brings the trust factor that people are looking for when they are purchasing a car.

7. This week’s TechCrunch podcasts

The latest full-length episode of Equity looks at the stock market’s tumble due the coronavirus pandemic, while the Monday news roundup discusses the continuing trickle of tech IPOs. (Original Content will be back next week!)

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

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