Daily Crunch: Magic Leap gets a new CEO

There’s new leadership at troubled startup Magic Leap, Uber launches grocery delivery and Palantir files to go public. Here’s your Daily Crunch for July 7, 2020.

The big story: Magic Leap has a new CEO

Can Peggy Johnson, the former vice president of business development at Microsoft, turn things around for Magic Leap? The augmented/mixed reality company laid off most of its staff in April, and while it managed to raise another $375 million to keep going, that fundraise meant the departure of founder and CEO Rony Abovitz.

Johnson will officially take over on August 1. She’s been at Microsoft since 2014, where she was involved in the $26.2 billion acquisition of LinkedIn. Before that, she spent 24 years at Qualcomm.

“Magic Leap’s technological foundation is undeniable,…

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