Another Week of Job Cuts and Cryptocurrency Crashes: TechCrunch

Hello friends!

Welcome to Week In Review, the newsletter where we summarize many of the best stories that have made it to the front page of TechCrunch over the past seven days.

the great thing This week, at least based on what our backend suggests to readers who cared the most, the cryptocurrency market has plunged sharply and rapidly. Bitcoin is down more than 25% month over month from around $ 41,000 for BTC to around $ 30,000 as of this writing. Ethereum is down more than 30% over the same time frame, from around $ 3,100 per ETH to around $ 2,000.

Why? For this I turn to Lucas and Anita and their new podcast / newsletter Chain Reaction. Whenever I write about cryptocurrency, I tend to feel stupid and wrong within about 48 hours – luckily the Chain Reaction team has a Very you understand these things better than me. This week, they met with former founder-turned-investor Kevin Rose, who said this was his “tenth” cryptocurrency dip, to get some insight.

Mon objectif avec Week In Review est de vous tenir tous informés – de faire en sorte que, lorsque vous cliquez à la fin d’une semaine chargée, vous puissiez parcourir WiR et avoir l’pression d’avoir uneassoz bonne idée de ce qui s’est passé en technology. Then let’s dive in!

other things

Image credits: Google

Other than a cryptocurrency crash, what else happened this week? Much.

Google I / O has arrived! : Whether everyone buys a new phone every year or we all focus on the millions of other things happening right now, it felt like Google’s annual conference / keynote was just a little … back and forth. While Google has kept Very Among the secret real-life details, the big news of the show was the first viewing of a new Pixel phone, a new “Pro” line of Pixel headphones, and improvements to Google Maps, Assistant and Translate. Oh, and Google is finally making its own smartwatch! Oh, oh, and they’re still playing with the Google Glass idea. I’m not wearing glasses (yet), but the live and real-life captions in this concept video would have me rocking a pair in the blink of an eye.

Other technological layoffs: Unfortunately, the recent trend of technology layoffs continues. In the past few weeks we have seen layoffs from Robinhood, Netflix, Thrasio, Cameo, OnDeck and MainStreet. This week, the list has grown to include Carvana, Latch, DataRobot, and Section4. Meanwhile, a number of big tech so. announced that they were slowing down or blocking hiring altogether. Amanda and Natasha have a complete breakdown.

Instagram is testing NFTs: Because obviously they are. Remember when Instagram was just a place where we spent too much time taking sepia pictures of our breakfast and that was enough?

Tiger Global has nearly sold out its latest venture capital fund: Well, that was fast. In March of this year, Tiger Global closed its latest venture capital fund with a gigantic commitment of $ 12.7 billion. A few months later, Connie Loizos writes: “This new fund – which would have taken less than six months to raise and includes $ 1.5 billion in commitments from Tiger Global employees – is already almost fully invested.”

DJI Mini 3 Pro: DJI has a new drone, and TC’s Darrell Etherington is a fan so far (with the caveat that he mostly recommends the more expensive option, which is a few hundred dollars more than the base model at $ 669).

Row, row, row your … group? : The company best known for its stationary bikes (and more recently for its treadmills) has a new home exercise equipment in the pipeline: a rowing machine. While it looks like rowers are struggling a bit right now, it’s hard to imagine that alone will change things for Peloton after an incredibly tough quarter – but, as Brian Heater says, it’s at least “a good point” for the company. after a series of bad news.

added things

Solitary figure at the entrance to the maze hedge which has an American flag in the center

Image credits: Bryce Durbin / TechCrunch

We have a paid section of our site called TechCrunch +. It costs a few dollars a month and is full of very good things! From this week, for example:

Visa options for international founders in the United States: So you started your business outside of the US and now you want to move to Silicon Valley. What can you do? Immigration attorney Sophie Alcorn examines options.

Why Airbnb is reinventing itself: Airbnb underwent a major overhaul this week, in a move that CEO Brian Chesky calls a “top-down upgrade.” Jordan Crook sat down with him to find out what changed and why.

Dutch’s $ 20 Million Series A Deck: Time to dismantle the pitch deck! Haje takes a look at the deck used by the Dutch pet telemedicine platform to raise $ 20 million in Serie A. Can each pitch deck pull out 14 photos of adorable animals? Probably not. But this can, much to Haje’s delight.

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