Daily Crunch - Boeing has a new CEO

TechCrunch Newsletter

Monday, December 23, 2019 • By Anthony Ha

Happy Monday Boeing names a new chief executive, Tesla receives financing for its Shanghai factory and the U.S. Navy is not a fan of TikTok. Here’s your Daily Crunch for December 23, 2019.

Boeing CEO out following 737 Max fiasco, will be replaced by current board chairman Boeing's CEO Dennis A. Muilenburg is CEO no longer, the company announced today. Effective January 13, 2020, current Board Chairman David L. Calhoun takes over the top executive officer spot at the aerospace company, and becomes president, as well. This isn’t exactly a surprising decision: Boeing's year has been marked primarily by its handling of the 737 Max issues it faced, which stemmed from aircraft failures that resulted in crashes and the deaths of passengers. Read more Image Credits: Tom Williams / Getty Images

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Tesla lands $1.4B from Chinese banks to build out its Shanghai gigafactory Tesla has reportedly secured over $1.4 billion in financing in the form of loans from multiple Chinese banks in order to help fund the construction of its new gigafactory in Shanghai. First Reuters and now Bloomberg reported the funding, with an official announcement supposedly scheduled for sometime this week. Read more

TikTok's national security scrutiny tightens as U.S. Navy reportedly bans popular social app According to a notice published by the U.S. Navy this past week, TikTok will no longer be allowed to be installed on service members' devices, or they may face expulsion from the military service's intranet. This is just the latest example of the challenges facing the extremely popular app. Read more Image Credits: Getty Images

Whatever happened to the Next Big Things? So what's next? Jon Evans runs through some candidates for Next Big Thing and wonders whether something has to be next at all. Read more

India's HomeLane raises $30M to expand its one-stop shop for interior design HomeLane helps property owners furnish and install fixtures in their new apartments and houses. The company has established 16 experience centers in seven Indian cities so that consumers can touch and see materials and furniture. Read more Image Credits: Getty Images

2019's 10 defining moments in venture capital These last 12 months have been replete with scandals, new and interesting upstarts, fallen CEOs and big fundraises. (Extra Crunch membership required.) Read more

This week's TechCrunch podcasts On the latest episode of Equity, Alex and Kate discuss some new venture funds. And on Original Content, we review Netflix’s “Marriage Story,” as well as the latest Star Wars movie “The Rise of Skywalker.” Read more

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