Hello again! Time for another edition of Week in Review, the newsletter where we recap the most read TechCrunch stories of the week in one quick and easy burst. Get it in your inbox every Saturday AM. by registering here.
(There won’t be a newsletter next Saturday because I won’t be grateful / eat the change / be grateful for the change, but we’ll be back to our regularly scheduled programming the weekend after.)
If you read last week’s edition, you’ll notice some echoes here: more layoffs, more FTX drama, and more absurdity on Elon’s Twitter. Let’s dive in!
Mass resignations on Twitter: After firing thousands of Twitter employees in recent weeks, Elon issued something of an ultimatum to those who remained: commit to being “extremely hard-nosed” as “part of the new Twitter” or walk away with three months’ layoff…and, well, a lot of people took door number 2. It’s unclear at this point (even on Twitter, it seems) how many refused the ultimatum, but all indications are that it was in the hundreds/thousands.
DM SBF: For some reason the founder of FTX — the once-huge crypto exchange that collapsed last week — decided to have an impromptu interview with a Vox reporter via DM. Seemingly without any agreement that any of it was off the record, he said the DMs were, of course, quickly posted. His biggest regret in all of this? Surprisingly, bankruptcy filing.
Evernote is being purchased: Evernote was once something of an App Store darling — an early example of the company’s design, quality, and leadership. Then, after a series of pricing/privacy/design changes that pissed off the user base, it kind of… faded away. This week the company was acquired by Italian app developer Bending Spoons, in what Kyle Wiggers calls “the end of an era.”
Amazon layoffs: Rumors suggested layoffs at Amazon, with some estimates suggesting more than 10,000 would leave. The layoffs began this week, with CEO Andy Jassy writing in a memo that layoffs will continue into next year.
Ticketmaster face-plants: Tickets for Taylor Swift’s first tour in years went on sale this week, and Ticketmaster, the website no one on earth is willing to use, couldn’t keep up with the Swifties. Things went so wrong with the private pre-sale that the planned public sale was canceled outright. You know your site downtime is bad when it happens rekindles the political fire to break up your company’s overwhelming dominance.
Podcasts! We have them! People seem to like them! Or a lot of people just download/subscribe for the sake of inflating our collective egos. That’s okay too. Check out what’s been happening recently on the TC podcasts:
- Live from our TechCrunch: Crypto event sessions during one of the wildest crypto weeks in ages, the Chain Reaction crew “ripped off the script” and talked about Sam Bankman-Fried’s “surreal, absurd” DM conversation with the Vox.
- What does a corporate communications team do? The Equity team sat down with a pair of insiders to learn how this whole mechanism works behind the scenes.
Two states received 80% of the venture capital raised: “Through the third quarter of 2022, US venture capital firms raised $150.9 billion across 593 funds,” writes Rebecca Szkutak. Where did it all go? Rebecca breaks down the stats.
A look at Sateliot’s A Series deck: 90% of the planet has no cell connectivity. What if you need an IoT device to call home from, say, the middle of the ocean? That’s the idea behind Sateliot, which raised an $11.4 million Series A earlier this year. The company shared the pitch deck it used to field with our pitch expert Haje Jan Kamps, who explored “the pros and cons of this high-flying space deck.”