Another week of job cuts and crypto crashes


Hi buddies!

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Welcome again to Week in reviewA publication that summarizes most of the high tales which have appeared on the Thealike homepage over the previous seven days.

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huge factor This week, at the least in keeping with what readers are most enthusiastic about, the cryptocurrency market crashed sharply and rapidly. Bitcoin has dropped over 25% from the earlier month, from round $41,000 per BTC to round $30,000 on the time of this writing. Ethereum has dropped over 30% in the identical time-frame, from round $3,100 per ETH to round $2,000.

Why? For this I depend on Lucas and Anita and their new podcast/publication. Chain reaction. Every time I write about cryptocurrencies, I really feel silly and mistaken for about 48 hours – fortunately the Chain Reaction group has lot I’m higher at this than I’m. This week they sat down with Kevin Rose, a everlasting founder-turned-investor who says it’s his “tenth or so” cryptocurrency downturn, to get some concepts.

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My objective with Week In Review is to maintain you all within the loop – to be sure that while you click on on the finish of a busy week, you’ll be able to overview WiR and really feel like you will have a reasonably good concept of ​​what occurred. in these. So let’s dive in!

different issues

Apart from the cryptocurrency crash, what else occurred this week? Lot.

Google I/O has occurred!: Whether everybody buys a brand new cellphone yearly, or we’re all simply targeted on one million different issues proper now, it felt like Google’s annual convention/keynote simply kind of… got here and went. While Google continued lot Of the precise particulars below wraps, the massive news from the present had been early glimpses of a brand new Pixel cellphone, a brand new line of Pixel “Pro” headphones, and enhancements to Google Maps, Assistant, and Translate. Oh, and Google is lastly making its personal smartwatch! Oh oh and so they’re nonetheless mulling over the thought of ​​Google Glass. I don’t put on glasses (but) however stay, actual subtitles in this is a concept video would have me rocking a pair very quickly.

More technical layoffs: Unfortunately, the latest pattern of tech layoffs continues. Above last few weeks we’ve seen layoffs from Robinhood, Netflix, Thrasio, Cameo, OnDeck and MainStreet. This week this listing consists of Carvana, Latch, DataRobot and Section4. Meanwhile, plenty of massive know-how corporations. introduced that they’re slowing down or utterly freezing hiring. Amanda and Natasha have an entire breakdown.

Instagram is testing NFTs: Because they’re, after all. Remember when Instagram was only a place the place we spent an excessive amount of time taking sepia photographs of our breakfast and that was sufficient?

Tiger Global nearly ran out of its latest VC fund: Well, it was quick. In March of this yr, Tiger Global closed its newest enterprise capital fund with a mammoth $12.7 billion in commitments. Just a couple of months later, Connie Loizos writes: “This new fund, which reportedly took less than six months to set up and includes $1.5 billion in commitments from Tiger Global’s own employees, is almost fully invested already.”

DJI Mini 3 Pro: DJI has a brand new drone, and TC’s Darrell Etherington continues to be a fan of it (with the caveat that he mainly recommends the costliest possibility, which prices a couple of hundred {dollars} greater than the $669 base mannequin).

Row, row, row your… Peloton?: The firm greatest identified for its train bikes (and extra just lately treadmills) is creating a brand new piece of house exercise tools: the rowing machine. While there appears to be one thing mistaken with rowing machines proper now, it’s laborious to think about that this alone is making a distinction for Peloton. after an incredibly difficult quarter — however as Brian Heater places it, it’s at the least a “bright spot” for the corporate after a string of unhealthy news.

added issues

Image credit: Bryce Durbin/Thealike

We have a paid part of our web site referred to as Thealike+. It prices a couple of dollars a month and it’s filled with actually good things! For instance, from this week:

US visa options for international founders: So you began your organization exterior of the US and now you need to transfer to Silicon Valley. What are you able to do? Immigration lawyer Sophie Alcorn is trying via choices.

Why Airbnb is reinventing itself: This week, Airbnb carried out an overhaul that CEO Brian Chesky calls a “top-down update.” Jordan Crook spoke to him to seek out out what has modified and why.

$20M Series A Dutch Deck: It’s time to tear down the deck! Haie appears to be like on the deck that the Dutch pet telemedicine platform used to lift a $20 million Series A. Will every presentation be capable of take 14 photographs of lovable animals? Probably no. But this one can, a lot to Hyja’s delight.

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