Hi there once more! Time for one more version of Week in Overview, the e-newsletter the place we recap the week’s most learn TechCrunch tales in a single fast and easy-to-skim blast. Get it in your inbox each Saturday AM by signing up right here.
(There received’t be a e-newsletter subsequent Saturday as a result of I’ll be off being grateful/consuming leftovers/being grateful for leftovers, however we’ll be again to our frequently scheduled programming the weekend after.)
For those who learn final week’s version, you’ll discover some echoes right here: extra layoffs, extra FTX drama, and extra absurdity at Elon’s Twitter. Let’s dive in!
Mass resignations at Twitter: After shedding hundreds of Twitter staff over the previous few weeks, Elon offered one thing of an ultimatum to these remaining: decide to being “extraordinarily hardcore” as “a part of the brand new Twitter” or depart with three months severance…and, nicely, a lot of individuals took door quantity 2. It’s unclear at this level (even to Twitter, it appears) what number of declined the ultimatum, however all indications are that it was a whole bunch/hundreds.
SBF DMs: For some purpose the founding father of FTX — the as soon as large crypto alternate that imploded final week — determined to have an impromptu interview with a Vox reporter by means of DM. Seemingly with none settlement that any of it was off the file, stated DMs had been, in fact, rapidly revealed. His greatest remorse in all this? Weirdly, submitting for chapter.
Evernote will get purchased: Evernote was as soon as one thing of an App Retailer darling — an early go-to instance of design, high quality, and firm management. Then after a sequence of pricing/privateness/design modifications pissed off the consumer base, it simply form of…light away. This week the corporate was acquired by Italian app developer Bending Spoons, in what Kyle Wiggers calls “the top of an period.”
Amazon layoffs: Rumors prompt layoffs had been on the best way at Amazon, with some estimates suggesting upward of 10,000 could be let go. This week the layoffs started, with CEO Andy Jassy writing in a memo that the layoffs will proceed into subsequent yr.
Ticketmaster face-plants: Tickets for Taylor Swift’s first tour in years went on presale this week, and Ticketmaster, the web site that nobody on earth is blissful to make use of, couldn’t sustain with the Swifties. Issues went so awry with the gated presale that the scheduled public sale was outright canceled. You already know your website outage is dangerous when it relights the political fire to interrupt up your organization’s overwhelming dominance.
Podcasts! We’ve bought them! Folks appear to love them! Or lots of people are simply downloading/subscribing for the sake of inflating our collective ego. That’s okay too. Right here’s what’s up in TC podcasts these days:
- Stay from our TechCrunch Periods: Crypto occasion throughout one among crypto’s wildest weeks in ages, the Chain Response crew “tore up the script” and talked all about Sam Bankman-Fried’s “surreal, absurd” DM dialog with Vox.
- What does a company comms group do? The Fairness group sat down with a pair of deeply skilled comms individuals to find out how all that behind-the-scenes equipment works.
Two states acquired 80% of enterprise funds raised: “Via the third quarter of 2022, U.S. enterprise corporations raised $150.9 billion throughout 593 funds,” writes Rebecca Szkutak. The place did all of it go? Rebecca breaks down the stats.
A take a look at Sateliot’s Collection A deck: 90% of the planet has no cell connectivity. What in the event you want an IoT gadget to telephone dwelling from, say, the center of the ocean? That’s the concept behind Sateliot, which raised an $11.4 million Collection A earlier this yr. The corporate shared the pitch deck it used to boost with our resident pitch professional Haje Jan Kamps, who explored “the nice and the dangerous of this high-flying area deck.”