TechCrunch’s One Week of Job Reduction and Crypto Accidents!

Hello friends!

welcome back Weekly Reviewnewsletter, where we summarize many of the most popular stories to get on the front page of TechCrunch in the last seven days.

It: great thing This week, at least based on what it offers most readers, the crypto market fell sharply and rapidly. Bitcoin has fallen more than 25% on a monthly basis, from about $ 41k per BTC to $ 30k at the time of writing. During the same period, Ethereum fell by more than 30%, from about $ 3100 to $ 2000.

Why? That’s why I’re postponing Lucas և Anita և their new podcast / newsletter Chain reaction. Every time I write about cryptocurrency, I tend to feel stupid and wrong for about 48 hours. Fortunately, the Chain Reaction team has a lot understands this material better than I do. This week, they met with double-founder-investor Qin Rose, who says this is his “near 10th” crypto drop for some ideas.

With Week In Review, my goal is to keep you all informed. so that when you click in at the end of a busy week, you can leave the WiR և to feel that you understand quite well what happened. tech. So let’s dive in.

other things

Image credits. Google:

Other than the crypto crash, what else happened this week? A lot.

Google I / O took place. Whether or not everyone stops buying a new phone every year, we are all just focused on it millions of other things going on right now, it seemed like Google’s annual conference / basically somehow came and went. While Google kept a lot In fact, the big news of the show was the early reviews of the new Pixel phone, the new “Pro” series of Pixel headphones և improvements to Google Maps, Assistant և Translate. Oh,: Google is finally making its own smartwatch. Oh, oh, they’re still playing with the idea of ​​Google Glass. I do not wear glasses (yet), but the subtitles of the living, real world this concept video I would like to rock the couple with a heartbeat.

More technological reductions. Unfortunately, the latest trend in redundancies continues. on the last few weeks We’ve seen layoffs from Robinhood, Netflix, Thrasio, Cameo, OnDeck և MainStreet. This week the list grew to include Carvana, Latch, DataRobot և Section4. Meanwhile, a number of large technological co. announced that they are slowing down or directly freezing employment. Amanda և Natashan have a complete malfunction.

Instagram tests NFTs. Because, of course, they are. Remember when Instagram was just a place where we spent too much time taking pictures of our breakfast in sepia tones – that was enough?

Tiger Global has almost exhausted its latest VC fund. Well, it was fast. In March of this year, Tiger Global closed its last venture capital fund with a huge liability of $ 12.7 billion. Just months later, Connie Loizos writes that “this new fund, which reportedly took less than six months to raise, includes $ 1.5 billion in commitments from Tiger Global’s own staff, almost fully invested. is. “

DJI’s Mini 3 Pro: DJI has a new drone, և TC Darel Etherington is still a fan (warning that it generally offers the most expensive version, which is a few hundred dollars more than the original model, which costs $ 669).

Line, line, line your… Peloton ?: The company, which is best known for its sport bikes (and more recently for racetracks), has a new home exercise equipment – a rowing machine. Even though it seems like rowing cars are taking a while now, it’s hard to imagine that this is just turning things around for Peloton. after an incredibly rough quarter – But, as Brian Heather puts it, this is at least a “bright spot” for the company after a series of bad news.

added things

A lone figure at the entrance to the maze with the American flag in the center

Image credits. Bryce Durbin / TechCrunch:

We have a paywalled section of our site called TechCrunch +. It costs a few dollars a month, it’s full of great things. From this week, for example.

US visa options for international founders. So you started your own company outside of the US and now you want to move to Silicon Valley. What can you do? Immigration attorney Sophie Alcorn goes through the options.

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

Dutch $ 20 million Series A Deck. The time has come to demolish the playing field. Hajen looks at the deck used by the Dutch pet telemedicine platform to build the $ 20 million A Series A. Can each pose take 14 photos of adorable animals? Probably not. But this one can, happily Haji.

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