To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 29, 2021. Between the IPO cycle and earnings it has been quite the day. And Nikola’s founder was indicted on three counts of fraud. It’s busy! Let’s get into it! — Alex The TechCrunch Top 3 (OK, four, but it’s about Scarlett Johansson) Nikola founder indicted on fraud charges: From the you saw this coming files, former Nikola CEO and walking bottle of Mountain Dew Trevor Milton was indicted on three counts of fraud. Per the federal indictment unsealed by the U.S. attorney’s office in Manhattan on Thursday, the former exec “engaged in a fraudulent scheme to deceive retail investors.” Not a great day for SPACs, frankly. Microsoft may invest in hotel unicorn OYO: Here’s an odd one. Microsoft, the U.S. software giant, may invest in OYO, the India-based hotels startup that raised capital from SoftBank’s first Vision Fund. Why? Per our reporting, there may be some sort of cloud deal in the mix. Both parties are staying mum for now. The Latin American startup market is hitting its stride: On the back of… Click below to read the full story from TechCrunch
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